Skip to main content
Spectra Energy Partners logo

Publications & SEC Filings

SEC Filings

Page 7 - Spectra Energy Partners, LP

SPECTRA ENERGY PARTNERS, LP filed this Form 8-K on 2/15/2018


 

 

Spectra Energy Partners, LP

Quarterly Highlights

December 2017

(Unaudited)

(millions of dollars, except per-unit amounts)

Reported - These results include the impact of special items

 

   Three Months Ended   Twelve Months Ended 
   December 31,   December 31, 
   2017(a) 2016   2017(a) 2016 
INCOME                
Operating Revenues  $(138)  $663   $1,950   $2,533 
Total Reportable Segment EBITDA   (287)   493    1,458    1,876 
Net Income - Controlling Interests   (496)   301    609    1,161 
                     
EBITDA BY BUSINESS SEGMENT                    
U.S. Transmission  $(349)  $430   $1,199   $1,639 
Liquids   62    63    259    237 
Total Reportable Segment EBITDA   (287)   493    1,458    1,876 
Other EBITDA   (35)   (19)   (127)   (82)
Total Reportable Segment and Other EBITDA  $(322)  $474   $1,331   $1,794 
                     
PARTNERS' CAPITAL                    
Declared Cash Distribution per Limited Partner Unit  $0.73875   $0.68875   $2.88000   $2.68000 
Weighted Average Units Outstanding                    
Limited Partner Units   312    307    310    299 
General Partner Units   6    6    6    6 
                     
DISTRIBUTABLE CASH FLOW                    
Distributable Cash Flow  $332   $271   $1,392   $1,187 
                     
CAPITAL AND INVESTMENT EXPENDITURES (b)                    
Capital expenditures - U.S. Transmission            $1,867   $2,280 
Capital expenditures - Liquids             21    71 

Investment expenditures

             337    251 
Total            $2,225   $2,602 
                     
U.S. TRANSMISSION                    
Operating Revenues  $(238)  $565   $1,545   $2,167 
Operating Expenses                    
Operating, Maintenance and Other   187    207    769    779 
Other Income and Expenses   76    72    423    251 
EBITDA  $(349)  $430   $1,199   $1,639 
                     
LIQUIDS                    
Operating Revenues  $100   $98   $405   $366 
Operating Expenses                    
Operating, Maintenance and Other   41    36    145    130 
Other Income and Expenses   3    1    (1)   1 
EBITDA  $62   $63   $259   $237 
                     
Express Pipeline Revenue Receipts, MBbl/d (c)   263    259    262    241 
Platte PADD II Deliveries, MBbl/d   129    127    130    130 
Canadian Dollar Exchange Rate, Average   1.2717    1.33    1.2986    1.33 
                     
                   December 31,   December 31, 
                   2017   2016 
                         
Debt                  $8,463   $7,213 
                           
Actual Units Outstanding                   319    315 

 

(a)Reported results reflect the impact of the Federal Tax Reform Legislation enacted in December 2017

(b)Excludes contributions received from noncontrolling interests of $418 million in 2017 and $492 million in 2016.

(c)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.

Terms of the Definitive agreement
About the Enbridge merger
Contact Investor Relations

Please note: Enbridge Inc. does not take responsibility for the content of this website as information may be out of date or no longer accurate as of December 17, 2018.