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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.