Spectra energy partners, lp equity restructuring agreement january 22nd, 2018. Jun 27, 2007 search and find detailed financial information on spectra energy partners lp master limited partnership including tax, market capitalization, subordinated units, incentive distribution rights, idr, coverage ratios and distributable cash flows. Find out more about enbridge and spectra s operational assets and key. Moodys investors service, moodys affirmed gulfstream natural gas system l. Spectra energy partners, lp announces 2018 guidance, long. Reaching millions of people each month through its website, books. Nov 11, 2016 spectra energy has paid out a dividend consecutively for the past 8 years. Spectra energy partners lps dividends per share for the months ended in sep. A canadian spectra energy stockholder who accepts the canadian exchange offer, and disposes of spectra energy common stock as consideration for enbridge common shares per the canadian share purchase agreement, delivers the spectra energy shares to the exchange agent, and files a valid tax election under section 85 of the canadian. Spectra energy partners company profile office locations. Spectra energy partners is the only one that was trading down early tuesday afternoon on the news.
Spectra energy partners, lp is one of the largest pipeline master limited partnerships in the united states and connects growing supply areas to highdemand markets. Natural gas transmission and distribution is a seasonal business, so. Spectra energy partners lp owns and operates natural gas transportation and storage assets. As of today 20200410, the dividend yield % of spectra energy partners lp is 8. The books homepage helps you explore earths biggest bookstore without ever leaving the comfort of your couch. Spectra energy partners assets consist of all of spectra energys us transmission, storage, and liquids assets through a drop down in november 20. Nominal defendant sep is a delaware limited partnership whose units trade on the new york stock exchange nyse.
Reg g disclosure in addition, todays discussion will include certain nongaap financial measures as defined under sec regulation g. Spectra energy partners lps adjusted earnings per share data for the three months ended in sep. Unfortunately, spectra energy partners didnt end things with a bang as its earnings were hit with higherthannormal costs for some maintenance work. Spectra energy stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news. Is spectra energy a great stock for value investors. Spectra energy corp defendants, and spectra energy partners, lp, nominal defendant. The company owns interstate natural gas pipeline systems located in the southeastern united states and natural gas storage facilities in texas and louisiana. The company was established in 2006, and is headquartered in houston, tx. Sep stock quote spectra energy partners lp bloomberg markets. View sep revenue estimates and earnings estimates, as well as analyst recommendations. Spectra energy partners corporate office corporate office hq. Spectra energy corp operates as an oil and gas company. Incentive distribution right means the nonvoting limited partner interest that. Nov 03, 2015 one such mlp is spectra energy partners.
In the court of chancery of the state of delaware paul morris, plaintiff, v. That included cutting the distribution at enbridge energy partners, l. As an sep unitholder i currently receive distributions u. Enbridge and spectra energy corp spectra energy was completed on february 27, 2017. Spectra was formed in late 2006 from the spinoff from duke energy. Spectra energy partners, lp sep dividend news seeking. Each share of spectra energy common stock will be converted into 0. Spectra energy partners hits a few snags in its last quarterly. Spectra energy partners, lp 8k mar 25 2015 seeking alpha. Spectra energy partners lp master limited partnership ticker. Sep stock quote spectra energy partners lp bloomberg.
The company works in gathering and processing, transmission and storage, and distribution. Spectra energy partners, lp is one of the largest pipeline master limited partnerships in the united states and connects growing supply areas to highdemand markets for natural gas and crude oil. Frequently asked tax questions for spectra energy corp. Spectra energy partners distribution coverage ratio, the most important metric of payout security, came in last quarter at 1. The largest impact on the value of spectra is the impending merger with enbridge. Spectra energy partners picks up pipeline assets aol finance. But spectra has hiked its distribution for 32 quarters in a row, and it shows no signs of ending the streak, with. Enbridge rewards spectra energy partners with a weak. Spectra energy corp company profile and news bloomberg. To return to the application, please click the button below. The partnership owns midstream transportation and processing assets along the natural gas and natural gas liquids ngl supply chain.
Spectra energy partners is one of the largest mlps in the united states and owns interests in pipeline and storage facilities that connect growing supply areas to. Paul morris, on behalf of all spectra energy partners, lp. Operator of a pipeline and midstream company with infrastructure across north america. This transaction has created a global energy infrastructure. Get breaking news and analysis on spectra energy partners, lp sep stock, price quote and chart, trading and investing tools.
Enbridge to buy spectra energy partners outstanding units nasdaq. One such mlp is spectra energy partners, which has been able to reward longterm income investors with an impressive 32 consecutive quarters of distribution growth, including a justannounced 8. Natural gas transmission and distribution is a seasonal business, so its. Stock analysis for spectra energy partners lp sep including stock price, stock chart, company news, key statistics, fundamentals and company profile. Lets put spectra energy partners, lp stock into this equation and find out if it is a good choice for valueoriented investors right now, or if investors subscribing to this methodology should. Sep, an enbridge company, is a houstonbased master limited partnership. As a transporter of energy, enbridge operates in canada and the united states, the longest crude oil and liquid hydrocarbons transportation system in north america. Paul morris, on behalf of all spectra energy partners. Youre currently viewing spectra energys legacy website, where youll find information on the former spectra energy corp. The affirmation of gulfstreams baa2 senior unsecured rating and stable. Spectra energy partners, lp announces 2018 guidance, long term financial outlook and receipt of offer to eliminate incentive distribution rights november 30, 2017 spectra energy partners reports third quarter 2017 results and announces 40th consecutive quarterly cash distribution increase.
Spectra owned the texas eastern pipeline tetco, a major natural gas pipeline which brings gas. Enb announced a deal to acquire all outstanding shares. For current and accurate information on enbridge, which now includes spectra energy corp, please visit. During the past years, the highest trailing annual dividend yield of spectra energy partners lp was 8. Enb purchased spectra energy early last year, spectra energy partners. Spectra energy partners, lp unitholder consent solicitation. Analysis of spectra energy partners, lp seps dividend increase. So the shift in control to enbridge was a notable change for spectra energy partners, partly because enbridge controls more than one partnership. Spectra energy partners lp master limited partnership. Spectra energy partners, lp, through its subsidiaries, engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the united states. Spectra owned the texas eastern pipeline tetco, a major natural gas pipeline which brings gas from the gulf of mexico coast in texas to the new. This is the spectra energy partners company profile.
In that scenario, one of these highyield stocks is a better buy than the other. Spectra energy partners hits a few snags in its last. Enbridge announces definitive agreement to acquire all public. Enbridge on behalf of itself and certain of its wholly owned u. Enbridge rewards spectra energy partners with a weak buyout offer after the mlp posted another quarter of great results, its parent companys subpar bid to fully acquire it was all the more. Enbridge rewards spectra energy partners with a weak buyout.
Jan 21, 2015 as this is a joint presentation, the terms we, our, and us refer to spectra energy andor spectra energy partners, as appropriate. Sep dividend payout ratio spectra energy partners lp. In depth view into spectra energy partners lp dividend payout ratio explanation, calculation, historical data and more. Spectra energy partners is one of the largest mlps in the united states and owns interests in pipeline and storage facilities that connect growing supply areas to highdemand markets for natural gas and crude oil. The company transmits, stores, distributes, gathers, and processes natural gas. Here youll find current best sellers in books, new releases in books, deals in books, kindle ebooks, audible audiobooks, and so much more. Dec 30, 2014 spectra energy partners assets consist of all of spectra energys us transmission, storage, and liquids assets through a drop down in november 20. Creating north americas premier infrastructure company. Spectra energy partners, lp operates as an investment arm of spectra energy corp. General partners phillips 66 and spectra energy control midstream master limited partnership mlp dcp midstream partners dpm. Spectra energy partners, lp is one of the largest pipeline master limited partnerships in the united states and connects growing supply areas to highdemand markets for.
All content is posted anonymously by employees working at spectra energy partners. Feb 16, 2018 spectra energy partners sep raises quarterly dividend 1. Sep sep today announced that they have completed the previously announced merger the merger pursuant to an agreement and plan of merger dated as of august 24, 2018 the merger agreement. Other unitholders of spectra energy partners lp nyse. Spectra energy corp, headquartered in houston, texas, operated in three key areas of the natural gas industry. Spectra energy partners, lp announces 2018 guidance, long term financial outlook and receipt of offer to eliminate incentive distribution rights by published. Spectra energy partners, lp, through its subsidiaries and equity affiliates, is engaged in the transmission, storage and gathering of natural gas, and the transportation and storage of crude oil. New regulatory rulings could halt plans for enbridge to roll up its partnerships into one big company. The companys operations in the united states and canada include approximately 21,000 miles of natural gas and crude oil pipelines. It focuses on the transportation, distribution and generation of energy, primarily in north america. What will i receive in exchange for my shares of spectra energy common stock. Sep earnings results are more or less a formality for investors since parent company enbridge nyse.