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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Type
Public
HQ
Houston, US
Founded
2007
Size (employees)
2,100 (est)-16%
Spectra Energy Partners was founded in 2007 and is headquartered in Houston, US
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Spectra Energy Partners Office Locations

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

Spectra Energy Partners Financials

Spectra Energy Partners's revenue was reported to be $2.53 b in FY, 2016 which is a 3.2% increase from the previous period.
USD

Revenue (Q2, 2017)

695 m

Net income (Q2, 2017)

367 m

EBIT (Q2, 2017)

343 m

Market capitalization (23-Apr-2018)

11 b

Cash (30-Jun-2017)

153 m

EV

17.4 b
Spectra Energy Partners's current market capitalization is $11 b.
Annual
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%

EBIT

884 m1 b1.1 b1.2 b

EBIT margin, %

45%44%45%48%
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

133.1 m581 m531 m558 m606 m603 m612 m624 m618 m628 m700 m695 m

Operating expense total

74 m273 m282 m278 m295 m281 m293 m300 m313 m348 m368 m352 m

EBIT

59.1 m308 m249 m280 m311 m322 m319 m324 m305 m280 m332 m343 m

EBIT margin, %

44%53%47%50%51%53%52%52%49%45%47%49%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

12.2 m51 m21 m48 m121 m140 m168 m216 m

Accounts Receivable

Inventories

42 m42 m37 m40 m

Current Assets

565 m555 m544 m660 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

92.5 m110 m123 m136 m242 m167 m291 m214 m171 m365 m282 m153 m

Inventories

41 m38 m41 m41 m41 m41 m40 m38 m42 m40 m40 m

Current Assets

172.8 m570 m555 m536 m672 m564 m720 m585 m553 m761 m685 m559 m

PP&E

17.3 b
Annual
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)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

75.6 m246 m220 m271 m301 m466 m737 m301 m617 m948 m311 m616 m

Depreciation and Amortization

15.9 m73 m70 m73 m73 m73 m74 m77 m77 m78 m85 m

Inventories

41 m41 m40 m38 m42 m40 m

Accounts Payable

277 m414 m286 m413 m425 m486 m
USDY, 2017

EV/EBIT

50.8 x

Financial Leverage

1.6 x
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