Spectra Energy Partners

Spectra Energy Partners, LP operates as an investment arm of Spectra Energy Corp. Spectra Energy Partners, LP, through its subsidiaries, engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the United States. As of December 31, 2007, it owned and operated 100% of the approximately 1,400-mile East Tennessee interstate natural gas transportation system that extends from central Tennessee eastward into southwest Virginia and northern North Carolina, and southward into northern Georgia; and a liquefied natural gas storage facility in Kingsport, Tennessee with working gas storage capacity of approximately 1.1 billion cubic feet (Bcf) and re-gasification capability of 150 million cubic feet per day. The company also owned a 24.5% interest in the approximate 700-mile Gulfstream interstate natural gas transportation system, which extends from Pascagoula, Mississippi, and Mobile, Alabama across the Gulf of Mexico and into Florida; a 50% interest in Market Hub, which owns and operates 2 salt cavern natural gas storage facilities, the Egan storage facility with gas capacity of approximately 20 Bcf, and the Moss Bluff storage facility with working gas capacity of 15 Bcf. The company transports and stores natural gas for local gas distribution companies, municipal utilities, interstate and intrastate pipelines, direct industrial users, electric power generators, marketers, and producers.
Type
Public
HQ
Houston, US
Founded
2007
Size (employees)
2,500 (est)+5%
Spectra Energy Partners was founded in 2007 and is headquartered in Houston, US

Spectra Energy Partners Office Locations

Spectra Energy Partners has an office in Houston
Houston, US (HQ)
5400 Westheimer Ct

Spectra Energy Partners Data and Metrics

Spectra Energy Partners Financial Metrics

Spectra Energy Partners's revenue was reported to be $2.5 b in FY, 2016 which is a 3% increase from the previous period.
$, USD

Revenue (FY, 2016)

2.5 b

Revenue growth (FY, 2015 - FY, 2016), %

3%

Net income (FY, 2016)

1.2 b

EBIT (FY, 2016)

1.2 b

Market capitalization (23-Jun-2017)

13.1 b

Closing share price (23-Jun-2017)

41.1

Cash (31-Dec-2016)

216 m
Spectra Energy Partners's current market capitalization is $13.1 b.
$, USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

392.1 m1.7 b1.8 b2 b2.3 b2.5 b2.5 b

Revenue growth, %

345%0%12%15%8%3%

Operating expense total

32.6 m550 m521 m603 m690 m750 m1.3 b

EBIT

884 m1 b1.1 b1.2 b

EBIT margin, %

45%44%45%48%

Interest expense

11.9 m408 m407 m383 m238 m239 m224 m

Interest income

1 m

Pre tax profit

738 m1.1 b1.3 b1.3 b

Income tax expense

(400 k)1 m10 m(348 m)35 m12 m18 m

Net Income

1.1 b1 b1.3 b1.2 b
$, USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

12.2 m51 m21 m48 m121 m140 m168 m216 m

Inventories

42 m42 m37 m40 m

Current Assets

565 m555 m544 m660 m

Goodwill

3.2 b3.2 b3.2 b3.2 b

Total Assets

16.8 b17.8 b18.9 b21.6 b

Accounts Payable

231 m246 m322 m441 m

Current Liabilities

1.3 b1.5 b1.5 b1.8 b

Total Equity

10.1 b11 b11.3 b13.4 b

Financial Leverage

1.7 x1.6 x1.7 x1.6 x
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

1.1 b1 b1.3 b1.2 b

Depreciation and Amortization

266 m296 m304 m320 m

Accounts Payable

96 m6 m27 m(20 m)

Cash From Operating Activities

1 b1.3 b1.5 b1.5 b

Capital Expenditures

(1 b)(1.1 b)(1.9 b)(2.3 b)

Cash From Investing Activities

(3.7 b)(1.1 b)(1.8 b)(2.8 b)

Cash From Financing Activities

2.7 b(237 m)336 m1.3 b

Income Taxes Paid

6 m12 m10 m

Free Cash Flow

2 b2.4 b3.4 b3.8 b
$, USDY, 2016

Revenue/Employee

1.1 m

Financial Leverage

1.6 x

Spectra Energy Partners Market Value History

Spectra Energy Partners Online and Social Media Presence

Spectra Energy Partners Company Life and Culture

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