Spectra Energy Partners (SEP) Misses Q3 EPS by 1c

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Go back to Spectra Energy Partners (SEP) Misses Q3 EPS by 1c

Spectra Energy Partners Reports Third Quarter 2018 Results and Announces Quarterly Cash Distribution Increase

November 1, 2018 4:17 PM EDT

HOUSTON, Nov. 1, 2018 /PRNewswire/ - Spectra Energy Partners, LP (NYSE: SEP) today reported net income of $377 million, of which $366 million is attributable to SEP's controlling interests, for the third quarter ended September 30, 2018, with earnings per limited partner unit of $0.75.

THIRD QUARTER HIGHLIGHTS:

NEXUS and TEAL projects placed into service Entered into definitive agreement with Enbridge and Enbridge (U.S.) Inc. on August 24, 2018, under which Enbridge will acquire all of the outstanding SEP public common units in an all stock-for-unit transaction at a ratio of 1.111 Enbridge common shares per... More