Spectra Energy Partners (SEP) Misses Q4 EPS by 12c

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Go back to Spectra Energy Partners (SEP) Misses Q4 EPS by 12c

Spectra Energy Partners Reports Fourth Quarter and Year-End 2016 Results

February 17, 2017 6:35 AM EST

HOUSTON, Feb. 17, 2017 /PRNewswire/ -- Spectra Energy Partners, LP (NYSE: SEP) today reported net income of $327 million, including net income from controlling interests of $301 million, for the fourth quarter ended December 31, 2016, with diluted earnings per limited partner unit of $0.70. For the year, net income was $1.24 billion, including net income from controlling interests of $1.16 billion, with diluted earnings per limited partner unit of $2.84. The fourth quarter and yearly results included non-recurring special items of $36 million and $80 million, respectively, which decreased diluted earnings per limited partner unit by $0.11 for the quarter and $0.26 for the year.

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