Spectra Energy (SE) Tops Q2 EPS by 5c
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Spectra Energy Partners Reports Second Quarter 2015 Results
August 5, 2015 6:35 AM EDTHOUSTON, Aug. 5, 2015 /PRNewswire/ --
Second Quarter Highlights
Distributable cash flow of $321 million, up 34% over prior year quarter Continued earnings growth from existing assets and new expansions 31st consecutive quarterly cash distribution increase Project execution backlog of $6 billion on track backed by secured, long-term contractsSpectra Energy Partners, LP (NYSE: SEP) today reported second quarter 2015 distributable cash flow (DCF) of $321 million, compared with $239 million in the prior-year quarter. Distributions per limited partner unit... More
Spectra Energy Reports Second Quarter 2015 Results
August 5, 2015 6:30 AM EDTHOUSTON, Aug. 5, 2015 /PRNewswire/ --
Second Quarter Highlights:
Ongoing EBITDA and distributable cash flow exceed prior year quarter EBITDA at Spectra Energy Partners segment up 28% $600 million in expansion projects placed into service while project backlog underpinned by secured, long-term contracts grows by more than $400 million, to $9.6 billion Strong distributable cash flows support ongoing dividend growth Special items of $138 million after tax charges, with EPS effect of $0.20 2Q 2015 dividend of $0.37 per share compared with $0.335 per share in 2Q 2014Spectra Energy Partners Announces 31st Consecutive Quarterly Cash Distribution Increase
August 5, 2015 6:25 AM EDTHOUSTON, Aug. 5, 2015 /PRNewswire/ --Â Spectra Energy Partners, LP (NYSE: SEP) announced that the board of directors of its general partner declared a quarterly cash distribution to unitholders of $0.61375 per unit, an increase of 1.25 cents over the previous level of $0.60125 per unit. This is the 31st consecutive quarter that Spectra Energy Partners has increased its quarterly cash distribution. The cash distribution is payable on August 28, 2015, to... More
