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.
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Employee Rating

4.1More
TypeSubsidiary
Parent CompanyEnbridge
HQHouston, TX, US
Founded2007
Websitespectraenergypartners.com
Cybersecurity ratingAMore
Spectra Energy Partners was founded in 2007 and is headquartered in Houston, TX, US

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Key People/Management at Spectra Energy Partners

William T. Yardley

William T. Yardley

President and Chairman
Vern Yu

Vern Yu

Chief Development Officer, Director
John K. Whelen

John K. Whelen

Director
Laura J. Buss Sayavedra

Laura J. Buss Sayavedra

Vice President, Sponsored Vehicles
Patrick Hester

Patrick Hester

Vice President, Law
Michael G. Morris

Michael G. Morris

Director
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Spectra Energy Partners Office Locations

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

Summary Metrics

Founding Date

2007
Spectra Energy Partners is a subsidiary of Enbridge

Spectra Energy Partners Revenue

Spectra Energy Partners's revenue was reported to be $1.95 b in FY, 2017
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

392.1m205.0m236.8m2.0b2.3b2.5b2.5b2.0b

Revenue growth, %

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

Depreciation and amortization

262.0m298.0m295.0m314.0m358.0m

EBIT

88.2m118.2m973.0m1.1b1.3b1.2b563.0m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

51.2m43.0m52.9m61.9m58.7m57.2m60.9m56.9m133.1m581.0m531.0m558.0m606.0m603.0m612.0m624.0m618.0m628.0m700.0m695.0m693.0m779.0m726.0m737.0m

Operating expense total

313.0m

Depreciation and amortization

15.9m73.0m70.0m73.0m73.0m73.0m74.0m77.0m77.0m78.0m85.0m87.0m86.0m89.0m90.0m89.0m

EBIT

25.1m15.3m23.2m33.1m31.1m27.7m33.1m26.2m59.1m308.0m249.0m280.0m311.0m322.0m319.0m324.0m305.0m280.0m332.0m343.0m374.0m442.0m386.0m367.0m
Annual
USDY, 2009Y, 2010Y, 2011FY, 2011FY, 2012Y, 2012Y, 2013FY, 2013Y, 2014FY, 2014FY, 2015Y, 2015FY, 2016FY, 2017

Cash

12.2m51.0m21.0m800.0k20.6m48.0m121.0m121.0m140.0m140.0m168.0m168.0m216.0m107.0m

Accounts Receivable

22.3m23.5m355.0m306.0m272.0m372.0m

Prepaid Expenses

3.5m2.7m47.0m23.0m26.0m42.0m

Inventories

7.0m2.8m42.0m42.0m42.0m42.0m37.0m37.0m40.0m40.0m
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Spectra Energy Partners Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Spectra Energy Partners Online and Social Media Presence

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Spectra Energy Partners News and Updates

Spectra Energy Partners to be Removed from the Alerian Index Series

DALLAS, Dec. 13, 2018 /PRNewswire/ -- Alerian announced today that Spectra Energy Partners (NYSE: SEP) is to be removed from the Alerian Midstream Energy Index (AMNA), Alerian US Midstream Energy Index (AMUS), Alerian MLP Index (AMZ), Alerian MLP Equal Weight Index (AMZE), Alerian MLP...

Spectra Energy Partners, LP Unitholder Consent Solicitation Period to Expire on December 12, 2018

HOUSTON, TX, Dec. 6, 2018 /PRNewswire/ - Spectra Energy Partners, LP (NYSE: SEP) (SEP) today announced that the period for unitholders of SEP to return their written consents with respect to the merger (the Merger) of SEP and a wholly owned subsidiary of Enbridge Inc. (TSX: ENB) (NYSE:...

Spectra Energy Partners Reports Third Quarter 2018 Results and Announces Quarterly Cash Distribution Increase

HOUSTON, Nov. 1, 2018 /PRNewswire/ - Spectra Energy Partners, LP (NYSE: SEP) today reported net income of $377 million, of which $366 million is attributable to SEP's controlling interests, for the third quarter ended September 30, 2018, with earnings per limited partner unit of $0.75....

Enbridge to buy Spectra Energy Partners for $3.3 billion

Enbridge Inc , Canada's largest pipeline operator, said on Friday it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened $3.3 billion deal.

Enbridge to buy Spectra Energy Partners for $3.3 bln

Enbridge Inc, Canada's largest pipeline operator, said on Friday it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened $3.3 billion deal.

Enbridge to buy Spectra Energy Partners in a $3.3 billion stock deal

Enbridge Inc. said Friday it will buy the pipeline master limited partnership Spectra Energy Partners LB in a stock deal valued at $3.3 billion. Under terms of the deal, Enbridge will exchange 1.111 of its common shares for each Spectra share. Based on Thursday's stock closing prices, that values …
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Spectra Energy Partners Frequently Asked Questions

  • When was Spectra Energy Partners founded?

    Spectra Energy Partners was founded in 2007.

  • Who are Spectra Energy Partners key executives?

    Spectra Energy Partners's key executives are William T. Yardley, Vern Yu and John K. Whelen.

  • How many employees does Spectra Energy Partners have?

    Spectra Energy Partners has 2,100 employees.

  • What is Spectra Energy Partners revenue?

    Latest Spectra Energy Partners annual revenue is $2 b.

  • What is Spectra Energy Partners revenue per employee?

    Latest Spectra Energy Partners revenue per employee is $928.6 k.

  • Who are Spectra Energy Partners competitors?

    Competitors of Spectra Energy Partners include Enbridge, Kinder Morgan and SemGroup.

  • Where is Spectra Energy Partners headquarters?

    Spectra Energy Partners headquarters is located at 5400 Westheimer Ct, Houston.

  • Where are Spectra Energy Partners offices?

    Spectra Energy Partners has an office in Houston.

  • How many offices does Spectra Energy Partners have?

    Spectra Energy Partners has 1 office.