Spectra Energy Partners LP

Latest Spectra Energy Partners LP News and Updates

  • An investor’s guide to Spectra Energy Corp. and its earnings
    Energy & Utilities

    An investor’s guide to Spectra Energy Corp. and its earnings

    Spectra Energy Corp. (SE), headquartered in Houston, Texas, owns and operates a large and diversified portfolio of natural gas–related assets in North America.

    By Keisha Bandz
  • uploads///Gainers
    Macroeconomic Analysis

    Spectra Energy Partners Rallies Due to a Rise in 3Q15 Distribution

    Spectra Energy Partners declared a distribution per unit of $0.62 in a press release published on October 19. This is a 1.3% rise compared to 2Q15.

    By Kurt Gallon
  • uploads///Worst
    Macroeconomic Analysis

    Cone Midstream: Worst Midstream MLP Performer on August 28

    Cone Midstream Partners (CNNX) was the worst performer among midstream MLPs at the end of trading on Friday, August 28. It fell 0.61%.

    By Kurt Gallon
  • uploads///return
    Miscellaneous

    Midstream Stocks: How Returns Affect Implied Volatility

    Teekay LNG Partners (TGP) stock has risen 37.9% in the past year as of March 20, 2017.

    By Rabindra Samanta
  • uploads///Analyst recommendation
    Earnings Report

    Analysts’ Recommendations for Williams Partners

    At a broader level, ~50% of analysts surveyed by Bloomberg rate Williams Partners a “buy” and the remaining ~50% rate it a “hold.”

    By Kurt Gallon
  • uploads///featured image
    Company & Industry Overviews

    TC PipeLines Has Fallen 37% Year-to-Date: What’s Ahead?

    TC PipeLines doesn’t believe the FERC’s policy change will have a material impact on its natural gas pipeline rates.

    By Rekha Khandelwal, CFA
  • uploads///p
    Energy & Utilities

    TC Pipelines Was the Top Energy Loser Last Week

    On March 9–16, TC Pipelines, Enbridge Energy Partners, Dominion Energy Midstream Partners, and Spectra Energy Partners were the top energy losers.

    By Rabindra Samanta
  • uploads///SEP
    Earnings Report

    How US Tax Cuts Impacted Spectra Energy Partners’ 4Q17 Earnings

    Spectra Energy Partners reported operating revenue of -$138 million in 4Q17.

    By Kurt Gallon
  • uploads///KMI Org Chart
    Company & Industry Overviews

    Kinder Morgan Consolidation: What It Means for the MLP Market

    On November 26, 2014, Kinder Morgan acquired all of its equity interests in Kinder Morgan Partners, El Paso, and Kinder Morgan Management.

    By Kurt Gallon
  • uploads///AMLP
    Macroeconomic Analysis

    AMLP Rises Last Week, but Less than OIH and XOP

    AMLP holds midstream MLPs whose earnings are typically linked to their transported volumes of energy products.

    By Keisha Bandz
  • uploads///PAA STOCK
    Earnings Report

    A closeup of Plains All American Pipeline’s stock performance

    After its 4Q14 earnings announcement, Plains All American Pipeline’s (PAA) stock performance improved, jumping slightly by 1.6%.

    By Keisha Bandz
  • uploads///Assets
    Company & Industry Overviews

    A Review of Energy Transfer Partners’ Business Segments

    ETP operates primarily through its six business segments by leveraging its huge asset base.

    By Kurt Gallon
  • uploads///SEPs Fees Based Businesses
    Energy & Utilities

    Why Spectra Energy Partners is integral to Spectra Energy Corp.

    Spectra Energy Corp. (SE) was borne out of Duke Energy Corporation (DUK), which is an energy utility firm, forming Spectra Energy Partners (SEP) in 2007.

    By Keisha Bandz
  • uploads///MLPA
    Energy & Utilities

    Why tracking errors in MLPA make the ETF underperform its index

    The tracking error of MLPA is 3.96%. This means the standard deviation for excess average weekly returns for the benchmark index over MLPA for the past year is 3.96.

    By Alex Chamberlin
  • uploads///digital tax
    Consumer

    Could Digital Tax Add Fuel to Trump’s Trade War?

    India might place a digital tax on big tech companies. Taxing big tech companies is a good way for governments to increase their revenues.

    By Mohit Oberoi, CFA
  • uploads///BWP
    Energy & Utilities

    At Its All-Time Low, BWP Offers Maximum Upside Potential

    Boardwalk Pipeline Partners, a midstream MLP mainly involved in natural gas and natural gas liquids transportation, saw a new all-time low recently.

    By Kurt Gallon
  • uploads///Loss
    Energy & Utilities

    Which MLPs Lost 10% or More Last Week?

    Dominion Midstream Energy Partners (DM) and Spectra Energy Partners (SEP) were among the top three MLPs losses last week.

    By Kurt Gallon
  • uploads///Loss
    Energy & Utilities

    Last Week’s Biggest MLP Losses

    MLPs with heavy exposure to Interstate Pipelines lost the most last week. TC PipeLines (TCP) recorded the highest losses.

    By Kurt Gallon
  • uploads///stock _
    Energy & Utilities

    Why TCP, EEP, and SEP Fell after FERC Tax Ruling

    MLPs had a bad Thursday after the FERC (Federal Energy Regulatory Commission) revised its income tax policy for MLPs.

    By Kurt Gallon
  • uploads///WPZ distribution
    Company & Industry Overviews

    Can WPZ Meet Its Distribution Growth Targets for 2018?

    Based on its recent quarter distribution, Williams Partners is trading at a distribution yield of 6.5%.

    By Kurt Gallon
  • uploads///anr
    Energy & Utilities

    MLP Rating Updates during the Week Ending March 2

    CrossAmerica Partners announced an adjusted EBITDA of $28.6 million in 4Q17—compared to $27.2 million in 4Q16.

    By Kurt Gallon
  • uploads///PAA
    Company & Industry Overviews

    What Are Institutional Investors Doing with Positions in PAA?

    Harvest Fund Advisors and CIBC Atlantic Trust Private Wealth Management added major positions in Plains All American Pipeline during the fourth quarter.

    By Kurt Gallon
  • uploads///EQM
    Earnings Report

    EQT Midstream Partners Posted 20.0% Earnings Growth in 2017

    EQT Midstream Partners posted a strong 18.0% YoY (year-over-year) rise in its EBITDA during the most recent quarter.

    By Kurt Gallon
  • uploads///p
    Energy & Utilities

    The Energy Stocks That Outperformed Oil Last Week

    The Alerian MLP ETF (AMLP) fell 5.6%, the least among our list of energy ETFs in the week ended February 2, 2018.

    By Rabindra Samanta
  • uploads///SEP
    Earnings Report

    Spectra Energy Partners Posts Strong 3Q17 Results

    Earnings in 3Q17 In 3Q17, Spectra Energy Partners (SEP), which is mainly involved in natural gas and NGL (natural gas liquid) transportation and storage, posted strong 10.4% and 18.1% YoY revenue and EBITDA (earnings before interest, tax, depreciation, and amortization) growth, respectively. Moreover, SEP, which is now owned by Enbridge (ENB), beat its 3Q17 EBITDA estimate […]

    By Kurt Gallon
  • uploads///anr
    Energy & Utilities

    MLP Rating Updates Last Week

    EnLink Midstream LLC (ENLC), the GP (general partner) of EnLink Midstream Partners (ENLK), was raised by UBS to a “buy.”

    By Kurt Gallon
  • uploads///expansion plans
    Company & Industry Overviews

    Behind Boardwalk Pipeline Partners’ Expansion Plans

    Boardwalk Pipeline Partners (BWP) expects to spend $1.1 billion on expansion projects during the 2017–2019 period.

    By Kurt Gallon
  • uploads/// Week lows and highs
    Miscellaneous

    MLPs Approach Their 52-Week Lows amid Crude Oil Price Weakness

    MLPs have seen a series of major sell-offs due to significant weakness in crude oil prices. The Alerian MLP ETF (AMLP) has fallen 7.5% since the beginning of June 2017.

    By Kurt Gallon
  • uploads///image
    Miscellaneous

    Which Midstream Stocks Have the Highest Implied Volatilities?

    On January 23, EnLink Midstream had an implied volatility of 40.1%—the highest among the midstream companies in the Alerian MLP ETF (AMLP).

    By Rabindra Samanta
  • uploads///largest north american energy infra co
    Miscellaneous

    Enbridge, Spectra Energy Merger Makes History

    On September 6, 2016, Enbridge (ENB) and Spectra Energy (SE) announced a stock-for-stock merger agreement, which values Spectra Energy common stock at $28 billion.

    By Rekha Khandelwal, CFA
  • uploads///midstream
    Miscellaneous

    Midstream Companies’ Moving Averages and Analysts’ Estimates

    Large-cap midstream companies are trading 23.4% below their respective 100-day moving averages. Kinder Morgan trades 30% below its 100-day moving average.

    By Rabindra Samanta
  • uploads///Midstream
    Miscellaneous

    Downstreams Trade 17% below Their 100-Day Moving Averages

    The midstream Kinder Morgan trades 39% below its 100-day moving average. During the last rate hike in December 2015, KMI traded in the range of $15 to $16.

    By Rabindra Samanta
  • uploads///midstream
    Miscellaneous

    Midstream Companies Trade below Their 100-Day Moving Averages

    Kinder Morgan (KMI) and Williams Companies (WMB) are trading 40% and 46.7%, respectively, below their 100-day moving averages.

    By Rabindra Samanta
  • uploads///midstream
    Miscellaneous

    Midstream Struggles to Cross the 100-Day Moving Averages

    As of January 15, midstream companies’ stocks showed strong resistance. On average, midstream companies are trading 30% below the 100-day averages.

    By Rabindra Samanta
  • uploads///Sales and Gross Profit of Midstream Companies
    Macroeconomic Analysis

    Analyzing the Sales and Gross Profit of Midstream Companies

    In fiscal 3Q15, the gross profit of frontline midstream operator Williams Companies (WMB) fell 28.6% on a YoY (year-over-year) basis.

    By Rabindra Samanta
  • uploads///SEPs segmental EBITDA
    Company & Industry Overviews

    Must-Know: How Spectra Energy Partners’ Segments Are Performing

    Spectra Energy Partners manages its business through its US Transmission and Liquids segments. Its US Transmission segment contributes nearly 85% of EBITDA.

    By Rekha Khandelwal, CFA
  • uploads///ebitda by segment
    Company & Industry Overviews

    Low Commodity Prices, Weak Canadian Dollar Drag SE’s Earnings

    SE carries out operations through four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services.

    By Rekha Khandelwal, CFA
  • uploads///EPS Estimates
    Earnings Report

    Kinder Morgan Misses 3Q15 Revenue and Earnings Estimates

    The 3Q15 consensus revenue estimate for Kinder Morgan was $3.8 billion, while the company’s actual revenue stood at $3.7 billion, a miss of 2.0%.

    By Kurt Gallon
  • uploads///KMIs operating results
    Earnings Report

    Kinder Morgan 3Q15 Earnings Release: Key Highlights for Investors

    Kinder Morgan reported its 3Q15 earnings on October 21, 2015. Its 3Q15 revenue fell to $3.7 billion from $4.3 billion in the third quarter of last year.

    By Kurt Gallon
  • uploads///adjusted revenues vs consensus estimates
    Earnings Report

    Why Are Enbridge Energy Partners’ 3Q15 Revenue Estimates Low?

    Enbridge Energy Partners’ natural gas assets are primarily located in Texas and Oklahoma, and are owned by Midcoast Energy Partners (MEP).

    By Rekha Khandelwal, CFA
  • uploads///EBITDA Estimates
    Earnings Report

    Why Have Analysts Increased Williams Partners’ EBITDA Estimate?

    Wall Street analysts have increased WPZ’s 3Q15 EBITDA estimates despite the company’s significant misses in recent quarters.

    By Kurt Gallon
  • uploads///DCF
    Company & Industry Overviews

    What Drove Energy Transfer Equity’s Distributable Cash Flow?

    Energy Transfer Equity’s (ETE) 2Q15 distributable cash flow rose to $335 million from $218 million in 2Q14. This is a YoY (year-over-year) increase of 53.60%.

    By Kurt Gallon
  • uploads///Gainers
    Macroeconomic Analysis

    American Midstream: Top Midstream MLP Gainer on August 25

    American Midstream Partners (AMID) was the top gainer among midstream MLPs at the end of trading on Tuesday, August 25. It rose 11.53% yesterday.

    By Kurt Gallon
  • uploads///Revenue Estimates
    Earnings Report

    Williams Partners Meets Revenue, Misses 2Q15 EBITDA Estimates

    After a 20.28% miss in 1Q15, Williams Partners met its 2Q15 revenue estimates. The 2Q15 consensus estimate was ~$1.831 billion.

    By Kurt Gallon
  • uploads///Operation Results
    Earnings Report

    Williams Partners’ 2Q15 Earnings: Operating Results

    Williams Partners’ 2Q15 pro forma revenue rose to $1.830 billion from $1.616 billion in the second quarter of the previous year—a YoY rise of ~13.24%.

    By Kurt Gallon
  • uploads///Midstream Service Contract Types
    Company & Industry Overviews

    How Different Contracts Affect Master Limited Partnerships

    There are various types of contracts in energy MLPs that each have their own advantages and disadvantages.

    By Victor Cheng
  • uploads///How Dropdown works
    Company & Industry Overviews

    How Do Master Limited Partnerships Grow?

    MLPs normally pay out all the available cash to the unit holders in the form of quarterly cash distribution. They hold only the maintenance capital expenditure.

    By Victor Cheng
  • uploads///Fee Based
    Company & Industry Overviews

    Energy Transfer Partners’ Fee-Based Model Drives Performance

    Considering the rock solid performance of ETP during the slump in energy prices, it is clear that ETP has more fee-based contracts.

    By Kurt Gallon
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