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 Metrics

Spectra Energy Partners Financial Metrics

Revenue (2016)

$2.5 b

Revenue growth (2015-16), %

3%

Net income (2016)

$1.2 b

Market capitalization (21-Mar-2017)

$13.2 b

Closing share price (21-Mar-2017)

$42.6

Cash (31-Dec-2016)

$216 m
Spectra Energy Partners's current market capitalization is $13.2 b.
Spectra Energy Partners's revenue was reported to be $2.5 b in FY, 2016 which is a 3.2% increase from the previous period.
FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 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
Y, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

$12.2 m$51 m$21 m$48 m$121 m$140 m$168 m$216 m

Accounts Receivable

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

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

Financial Leverage

1.7 x1.6 x1.7 x1.6 x
FY, 2013FY, 2014FY, 2015FY, 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 Receivable

Inventories

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$3.8 b

Spectra Energy Partners Market Value History

Spectra Energy Partners Online Presence

Spectra Energy Partners Company Life

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