Spectra Energy (SE) Misses Q2 EPS by 3c

Spectra Energy Partners Reports Second Quarter 2016 Results

August 3, 2016 6:35 AM EDT

HOUSTON, Aug. 3, 2016 /PRNewswire/ -- Spectra Energy Partners, LP (NYSE: SEP) today reported net income of $305 million, including net income from controlling interests of $287 million, for the second quarter ended June 30, 2016, with diluted earnings per limited partner unit of $0.71. The second quarter included a non-recurring special item of $6 million, which decreased diluted earnings per limited partner unit by $0.02.

Second Quarter Highlights:

Continued earnings growth from capital expansions Approximately $6 billion of expansion projects in execution on track 35th consecutive... More

Spectra Energy Reports Second Quarter 2016 Results

August 3, 2016 6:30 AM EDT

HOUSTON, Aug. 3, 2016 /PRNewswire/ -- Spectra Energy Corp (NYSE: SE) today reported net income of $221 million, including net income from controlling interests of $149 million, for the second quarter ended June 30, 2016, with diluted earnings per share of $0.21. The second quarter included non-recurring special items. After income taxes of $12 million, non-recurring special items decreased diluted earnings per share by $0.03.

Second Quarter Highlights:

Execution backlog grows to $10 billion with $1.8 billion of new demand-pull contracts Projects in execution... More

Spectra Energy Partners Announces 35th Consecutive Quarterly Cash Distribution Increase

August 3, 2016 6:25 AM EDT

HOUSTON, Aug. 3, 2016 /PRNewswire/ -- Spectra Energy Partners, LP (NYSE: SEP) announced that the board of directors of its general partner declared a quarterly cash distribution to unitholders of $0.66375 per unit, an increase of 1.25 cents over the previous level of $0.65125 per unit. This is the 35th consecutive quarter that Spectra Energy Partners has increased its quarterly cash distribution. The cash distribution is payable on August 26, 2016, to... More