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.

Spectra Energy Partners was founded in 2007 and is headquartered in Houston, US

Spectra Energy Partners has an office in Houston

Houston, US (HQ)

5400 Westheimer Ct

Spectra Energy Partners's revenue was reported to be $700 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 700 m |

## Net income (Q1, 2017) | 354 m |

## EBIT (Q1, 2017) | 332 m |

## Market capitalization (15-Aug-2017) | 13.6 b |

## Cash (31-Mar-2017) | 282 m |

Spectra Energy Partners's current market capitalization is $13.6 b.

USD | FY, 2010^{} | FY, 2011^{} | FY, 2012^{} | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|

## Revenue | 392.1 m | 1.7 b | 1.8 b | 2 b | 2.3 b | 2.5 b | 2.5 b |

## Revenue growth, % | 345% | 0% | 12% | 15% | 8% | 3% | |

## Operating expense total | 32.6 m | 550 m | 521 m | 603 m | 690 m | 750 m | 1.3 b |

## EBIT | 884 m | 1 b | 1.1 b | 1.2 b | |||

## EBIT margin, % | 45% | 44% | 45% | 48% | |||

## Interest expense | 11.9 m | 408 m | 407 m | 383 m | 238 m | 239 m | 224 m |

## Interest income | 1 m | ||||||

## Pre tax profit | 738 m | 1.1 b | 1.3 b | 1.3 b | |||

## Income tax expense | (400 k) | 1 m | 10 m | (348 m) | 35 m | 12 m | 18 m |

## Net Income | 1.1 b | 1 b | 1.3 b | 1.2 b |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 531 m | 558 m | 606 m | 603 m | 612 m | 624 m | 618 m | 628 m | 700 m |

## EBIT | 249 m | 280 m | 311 m | 322 m | 319 m | 324 m | 305 m | 280 m | 332 m |

## EBIT margin, % | 47% | 50% | 51% | 53% | 52% | 52% | 49% | 45% | 47% |

## Pre tax profit | 222 m | 272 m | 303 m | 321 m | 332 m | 315 m | 310 m | 300 m | 359 m |

## Net Income | 220 m | 271 m | 301 m | 316 m | 331 m | 311 m | 305 m | 296 m | 354 m |

USD | Y, 2009^{} | Y, 2010^{} | Y, 2011^{} | Y, 2012^{} | Y, 2013^{} | Y, 2014^{} | Y, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 12.2 m | 51 m | 21 m | 48 m | 121 m | 140 m | 168 m | 216 m |

## Inventories | 42 m | 42 m | 37 m | 40 m | ||||

## Current Assets | 565 m | 555 m | 544 m | 660 m | ||||

## Goodwill | 3.2 b | 3.2 b | 3.2 b | 3.2 b | ||||

## Total Assets | 16.8 b | 17.8 b | 18.9 b | 21.6 b | ||||

## Accounts Payable | 231 m | 246 m | 322 m | 441 m | ||||

## Total Debt | 6.2 b | |||||||

## Current Liabilities | 1.3 b | 1.5 b | 1.5 b | 1.8 b | ||||

## Total Equity | 10.1 b | 11 b | 11.3 b | 13.4 b | ||||

## Debt to Equity Ratio | 0.5 x | |||||||

## Debt to Assets Ratio | 0.3 x | |||||||

## Financial Leverage | 1.7 x | 1.6 x | 1.7 x | 1.6 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 123 m | 136 m | 242 m | 167 m | 291 m | 214 m | 171 m | 365 m | 282 m |

## Inventories | 38 m | 41 m | 41 m | 41 m | 41 m | 40 m | 38 m | 42 m | 40 m |

## Current Assets | 555 m | 536 m | 672 m | 564 m | 720 m | 585 m | 553 m | 761 m | 685 m |

## Goodwill | 3.3 b | 3.2 b | 3.2 b | 3.2 b | 3.2 b | 3.2 b | 3.2 b | 3.2 b | 3.2 b |

## Total Assets | 16.9 b | 17.3 b | 18.1 b | 18.3 b | 19.1 b | 19.4 b | 20 b | 20.9 b | 22.4 b |

## Accounts Payable | 212 m | 231 m | 167 m | 277 m | 414 m | 286 m | 413 m | 425 m | 486 m |

## Current Liabilities | 1.1 b | 1.3 b | 593 m | 856 m | 1.3 b | 1.7 b | 1.4 b | 2.3 b | 2.2 b |

## Total Equity | 10.5 b | 10.7 b | 11.2 b | 11.4 b | 11.8 b | 11.6 b | 12.6 b | 12.9 b | 13.8 b |

## Financial Leverage | 1.6 x | 1.6 x | 1.6 x | 1.6 x | 1.6 x | 1.7 x | 1.6 x | 1.6 x | 1.6 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 1.1 b | 1 b | 1.3 b | 1.2 b |

## Depreciation and Amortization | 266 m | 296 m | 304 m | 320 m |

## Accounts Payable | 96 m | 6 m | 27 m | (20 m) |

## Cash From Operating Activities | 1 b | 1.3 b | 1.5 b | 1.5 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 m | 1.3 b |

## Income Taxes Paid | 6 m | 12 m | 10 m | |

## Free Cash Flow | 2 b | 2.4 b | 3.4 b | (872 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 220 m | 271 m | 301 m | 316 m | 331 m | 311 m | 305 m | 296 m | 354 m |

## Depreciation and Amortization | 70 m | 73 m | 73 m | 73 m | 74 m | 77 m | 77 m | 78 m | 85 m |

## Inventories | 41 m | 41 m | 40 m | 38 m | 42 m | 40 m | |||

## Accounts Payable | 277 m | 414 m | 286 m | 413 m | 425 m | 486 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 280 k |

## Financial Leverage | 1.6 x |