Spectra Energy Partners LP
Latest Spectra Energy Partners LP News and Updates
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.
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.
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%.
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.
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.”
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.
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.
How US Tax Cuts Impacted Spectra Energy Partners’ 4Q17 Earnings
Spectra Energy Partners reported operating revenue of -$138 million in 4Q17.
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.
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.
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%.
A Review of Energy Transfer Partners’ Business Segments
ETP operates primarily through its six business segments by leveraging its huge asset base.
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.
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.
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.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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 […]
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.”
Behind Boardwalk Pipeline Partners’ Expansion Plans
Boardwalk Pipeline Partners (BWP) expects to spend $1.1 billion on expansion projects during the 2017–2019 period.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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.
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).
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.
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%.
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.
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.
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%.
How Different Contracts Affect Master Limited Partnerships
There are various types of contracts in energy MLPs that each have their own advantages and disadvantages.
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.
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.
