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Page 10 - Spectra Energy Partners, LP

SPECTRA ENERGY PARTNERS, LP filed this Form 8-K on 11/2/2017


 

 

Spectra Energy Partners, LP

Quarterly Highlights

September 2017

(Unaudited)

(millions of dollars, except per-unit amounts)

Reported - These results include the impact of special items

 

    Three Months Ended   Nine Months Ended
    September 30,   September 30,
    2017   2016   2017   2016
INCOME                
Operating Revenues   $ 693     $ 628     $ 2,088     $ 1,870  
Total Reportable Segment EBITDA   656     452     1,745     1,383  
Net Income - Controlling Interests   460     275     1,105     860  
                 
EBITDA BY BUSINESS SEGMENT                
U.S. Transmission   $ 589     $ 392     $ 1,548     $ 1,209  
Liquids   67     60     197     174  
Total Reportable Segment EBITDA   656     452     1,745     1,383  
Other EBITDA   (21 )   (21 )   (92 )   (63 )
Total Reportable Segment and Other EBITDA   $ 635     $ 431     $ 1,653     $ 1,320  
                 
PARTNERS' CAPITAL                
Declared Cash Distribution per Limited Partner Unit   $ 0.72625     $ 0.67625     $ 2.14125     $ 1.99125  
Weighted Average Units Outstanding                
Limited Partner Units   311     304     310     296  
General Partner Units   6     6     6     6  
                 
DISTRIBUTABLE CASH FLOW                
Distributable Cash Flow   $ 363     $ 270     $ 1,060     $ 916  
                 
CAPITAL AND INVESTMENT EXPENDITURES (a)              
Capital expenditures - U.S. Transmission           $ 1,576     $ 1,561  
Capital expenditures - Liquids           16     54  
Investment expenditures           218     112  
Total           $ 1,810     $ 1,727  
                 
U.S. TRANSMISSION                
Operating Revenues   $ 595     $ 535     $ 1,783     $ 1,602  
Operating Expenses                
Operating, Maintenance and Other   181     217     582     572  
Other Income and Expenses   175     74     347     179  
EBITDA   $ 589     $ 392     $ 1,548     $ 1,209  
                 
LIQUIDS                
Operating Revenues   $ 98     $ 93     $ 305     $ 268  
Operating Expenses                
Operating, Maintenance and Other   28     32     104     94  
Other Income and Expenses   (3 )   (1 )   (4 )    
EBITDA   $ 67     $ 60     $ 197     $ 174  
                 
Express Pipeline Revenue Receipts, MBbl/d (b)   255     235     260     234  
Platte PADD II Deliveries, MBbl/d   119     131     133     131  
Canadian Dollar Exchange Rate, Average   1.25     1.30     1.31     1.32  

 

            September   December
            2017   2016
                 
Debt           $ 8,253     $ 7,213  
                 
Actual Units Outstanding           317     315  

 

(a) Excludes contributions received from noncontrolling interests of $416 million in 2017 and $437 million in 2016.

(b) Thousand barrels per day.

 

 

Spectra Energy Partners, LP has been acquired by Enbridge Inc. For additional information on the transaction, please review the following quick links.

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