Spectra Energy Partners, LP Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2017
August 02, 2017 at 06:05 pm
Share
Spectra Energy Partners, LP announced unaudited consolidated earnings results for the second quarter ended June 30, 2017. For the quarter, the company reported total reportable EBITDA of $544 million against $464 million a year ago. Operating revenues were $695 million against $618 million a year ago. Operating income was $343 million against $305 million a year ago. Earnings before income taxes were $372 million against $310 million a year ago. Net income was $367 million against $305 million a year ago. EBITDA was $519 million against $442 million a year ago. Net income from controlling interests was $328 million or $0.75 diluted earnings per limited partner unit, compared with $287 million, or $0.71 diluted earnings per limited partner unit in the prior-year quarter. Distributable cash flow was $341 million against $275 million a year ago.
For the six months, the company reported total reportable EBITDA of $1,089 million against $931 million a year ago. Operating revenues were $1,395 million against $1,242 million a year ago. Operating income was $675 million against $629 million a year ago. Earnings before income taxes were $731 million against $625 million a year ago. Net income was $721 million against $616 million a year ago. Net income - controlling interests was $645 million against $585 million a year ago. EBITDA was $1,018 million against $889 million a year ago. Distributable cash flow was $697 million against $646 million a year ago. Capital expenditures were $1,519 million against $1,135 million a year ago.
Spectra Energy Partners, LP is a United States-based company. The Company provides pipeline and storage facilities for master limited partnerships businesses in the United States with expanding natural gas, crude oil, and liquids markets. It offers pipeline services for growing supply areas to demanded markets for natural gas and crude oil.