Spectra Energy Partners, LP announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported operating revenues were $624 million against $606 million a year ago. Operating income was $324 million against $311 million a year ago. Earnings before income taxes were $315 million against $303 million a year ago. Net income was $311 million against $301 million a year ago. Net income – controlling interest was $298 million against $293 million a year ago. Diluted earnings per share were $0.10 against $0.02 a year ago. EBITDA was $447 million against $436 million a year ago. Including contributions from noncontrolling interests of $95 million, total capital spending in first quarter 2016 was $400 million, composed of $365 million of growth capital expenditures. Maintenance capital expenditures was $35 million against $28 million a year ago. Total distributable cash flow was $371 million against $354 million a year ago. Total debt outstanding at Spectra Energy Partners as of March 31, 2016, was $7.0 billion, with available liquidity of $1.4 billion.

Including contributions from noncontrolling interests, Spectra Energy Partners has $1.8 billion of capital expansion spending planned in 2016, which will be funded through a combination of debt and equity.