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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.