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.
Company Growth (employees)
Type
Public
HQ
Houston, US
Founded
2007
Size (employees)
2,500 (est)
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 $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.
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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

531 m558 m606 m603 m612 m624 m618 m628 m700 m

EBIT

249 m280 m311 m322 m319 m324 m305 m280 m332 m

EBIT margin, %

47%50%51%53%52%52%49%45%47%

Pre tax profit

222 m272 m303 m321 m332 m315 m310 m300 m359 m

Net Income

220 m271 m301 m316 m331 m311 m305 m296 m354 m
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

Total Debt

6.2 b

Current Liabilities

1.3 b1.5 b1.5 b1.8 b

Total Equity

10.1 b11 b11.3 b13.4 b

Debt to Equity Ratio

0.5 x

Debt to Assets Ratio

0.3 x

Financial Leverage

1.7 x1.6 x1.7 x1.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

123 m136 m242 m167 m291 m214 m171 m365 m282 m

Inventories

38 m41 m41 m41 m41 m40 m38 m42 m40 m

Current Assets

555 m536 m672 m564 m720 m585 m553 m761 m685 m

Goodwill

3.3 b3.2 b3.2 b3.2 b3.2 b3.2 b3.2 b3.2 b3.2 b

Total Assets

16.9 b17.3 b18.1 b18.3 b19.1 b19.4 b20 b20.9 b22.4 b

Accounts Payable

212 m231 m167 m277 m414 m286 m413 m425 m486 m

Current Liabilities

1.1 b1.3 b593 m856 m1.3 b1.7 b1.4 b2.3 b2.2 b

Total Equity

10.5 b10.7 b11.2 b11.4 b11.8 b11.6 b12.6 b12.9 b13.8 b

Financial Leverage

1.6 x1.6 x1.6 x1.6 x1.6 x1.7 x1.6 x1.6 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 b(872 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

220 m271 m301 m316 m331 m311 m305 m296 m354 m

Depreciation and Amortization

70 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

Revenue/Employee

280 k

Financial Leverage

1.6 x

Spectra Energy Partners Market Value History

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