Spectra Energy (SE) Tops Q3 EPS by 5c
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Spectra Energy Partners Reports Third Quarter 2016 Results
November 2, 2016 6:35 AM EDTHOUSTON, Nov. 2, 2016 /PRNewswire/ -- Spectra Energy Partners, LPÂ (NYSE: SEP) today reported net income of $296 million, including net income from controlling interests of $275 million, for the third quarter ended September 30, 2016, with diluted earnings per limited partner unit of $0.64. The third quarter included a non-recurring special item of $38 million, which decreased diluted earnings per limited partner unit by $0.12.
Highlights:
Expansion projects continue to contribute to growth Express Enhancement and phase... MoreSpectra Energy Reports Third Quarter 2016 Results
November 2, 2016 6:30 AM EDTHOUSTON, Nov. 2, 2016 /PRNewswire/ -- Spectra Energy Corp (NYSE: SE) today reported net income of $281 million, including net income from controlling interests of $195 million, for the third quarter ended September 30, 2016, with diluted earnings per share of $0.28. The third quarter results included non-recurring special items, which had income tax effects of $41 million and decreased diluted earnings per share by $0.03.
Highlights:
Solid ongoing quarterly earnings of $0.31 per share Successfully advancing $8 billion in expansion projects in execution Third... MoreSpectra Energy Partners Announces 36th Consecutive Quarterly Cash Distribution Increase
November 2, 2016 6:25 AM EDTHOUSTON, Nov. 2, 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 $0.67625 per unit, an increase of 1.25 cents over the previous level of $0.66375 per unit. This is the 36th consecutive quarter that Spectra Energy Partners has increased its quarterly cash distribution. The cash distribution is payable on November 29, 2016, to... More
