Spectra energy partners, lp (SEP)
Income statement / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Transportation of natural gas
Transportation of crude oil
Storage of natural gas and other
Operating revenues
Transportation of natural gas

-

575,000

614,000

-

-

538,000

538,000

510,000

482,000

475,000

484,000

479,000

461,000

454,000

464,000

448,000

409,000

402,000

426,000

389,000

357,000

355,000

369,000

1,301,300

53,000

54,500

56,200

1,282,100

47,900

38,000

44,000

43,500

42,100

41,300

42,100

Transportation of crude oil

-

97,000

98,000

-

-

100,000

101,000

97,000

89,000

87,000

86,000

90,000

93,000

90,000

84,000

84,000

77,000

70,000

71,000

73,000

71,000

67,000

13,000

-

0

-

-

-

-

-

-

-

-

-

-

Storage of natural gas and other

-

54,000

67,000

-

-

57,000

61,000

56,000

57,000

56,000

54,000

65,000

58,000

59,000

58,000

67,000

72,000

59,000

84,000

58,000

66,000

70,000

77,000

274,900

4,200

4,200

5,700

316,800

5,000

5,000

7,200

7,300

6,900

6,100

8,400

Total operating revenues

737,000

726,000

779,000

-138,000

693,000

695,000

700,000

663,000

628,000

618,000

624,000

634,000

612,000

603,000

606,000

599,000

558,000

531,000

581,000

520,000

494,000

492,000

459,000

1,576,200

57,200

58,700

61,900

1,598,900

52,900

43,000

51,200

50,800

49,000

47,400

50,500

Operating expenses
Operating, maintenance and other

227,000

191,000

188,000

211,000

197,000

209,000

227,000

228,000

225,000

190,000

179,000

207,000

184,000

178,000

181,000

193,000

175,000

166,000

156,000

171,000

163,000

151,000

118,000

472,200

17,400

15,600

15,800

499,700

17,200

18,100

15,000

-16,900

16,500

17,300

15,700

Depreciation and amortization

89,000

90,000

89,000

88,000

86,000

87,000

85,000

82,000

78,000

77,000

77,000

75,000

74,000

73,000

73,000

72,000

73,000

70,000

73,000

70,000

66,000

65,000

61,000

203,100

9,300

9,300

9,300

196,100

9,700

7,400

7,800

7,200

7,400

7,400

7,400

Property and other taxes

54,000

59,000

60,000

49,000

36,000

56,000

56,000

34,000

45,000

46,000

44,000

31,000

35,000

30,000

41,000

35,000

30,000

46,000

44,000

32,000

31,000

33,000

31,000

95,800

2,800

2,700

3,700

92,700

2,800

2,200

3,300

1,700

800

2,800

2,400

Total operating expenses

370,000

340,000

337,000

348,000

319,000

352,000

368,000

344,000

348,000

313,000

300,000

313,000

293,000

281,000

295,000

300,000

278,000

282,000

273,000

273,000

260,000

249,000

210,000

771,100

29,500

27,600

28,800

788,500

29,700

27,700

26,100

32,300

24,700

27,500

25,500

Operating income

367,000

386,000

442,000

-486,000

374,000

343,000

332,000

319,000

280,000

305,000

324,000

321,000

319,000

322,000

311,000

299,000

280,000

249,000

308,000

247,000

234,000

243,000

249,000

805,100

27,700

31,100

33,100

816,400

23,200

15,300

25,100

18,500

24,300

19,900

25,000

Other income and expenses
Earnings from equity investments

81,000

71,000

58,000

68,000

161,000

40,000

38,000

35,000

35,000

30,000

27,000

33,000

49,000

45,000

40,000

40,000

36,000

29,000

28,000

24,000

23,000

23,000

19,000

8,400

26,400

23,800

27,400

4,100

27,300

26,800

27,800

21,100

18,400

17,200

18,400

Other income and expenses, net

17,000

26,000

8,000

8,000

15,000

49,000

45,000

37,000

38,000

31,000

20,000

27,000

23,000

17,000

9,000

12,000

10,000

6,000

3,000

9,000

22,000

16,000

12,000

-

0

100

-

24,800

900

800

500

-

200

200

-

Total other income and expenses

98,000

97,000

66,000

76,000

176,000

89,000

83,000

72,000

73,000

61,000

47,000

60,000

72,000

62,000

49,000

52,000

46,000

35,000

31,000

33,000

45,000

39,000

31,000

37,300

26,400

23,900

27,400

28,900

28,200

27,600

28,300

21,500

18,600

17,400

18,400

Interest Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

700

0

200

100

-

-

100

-

Interest expense

85,000

85,000

85,000

74,000

75,000

60,000

56,000

59,000

53,000

56,000

56,000

60,000

59,000

63,000

57,000

55,000

54,000

62,000

67,000

84,000

105,000

100,000

94,000

383,900

7,700

7,700

7,700

390,800

7,700

5,300

4,200

-300

4,300

3,900

4,000

Earnings before income taxes

380,000

398,000

423,000

-484,000

475,000

372,000

359,000

332,000

300,000

310,000

315,000

321,000

332,000

321,000

303,000

296,000

272,000

222,000

272,000

196,000

174,000

182,000

186,000

458,500

46,400

47,300

52,800

455,200

43,700

37,800

49,300

36,000

38,600

33,500

39,400

Income tax expense

3,000

7,000

5,000

5,000

4,000

5,000

5,000

5,000

4,000

5,000

4,000

4,000

1,000

5,000

2,000

6,000

1,000

2,000

26,000

-348,000

-2,000

1,000

1,000

8,900

300

400

400

200

200

200

400

-1,200

200

300

300

Net income

377,000

391,000

418,000

-489,000

471,000

367,000

354,000

327,000

296,000

305,000

311,000

317,000

331,000

316,000

301,000

290,000

271,000

220,000

246,000

544,000

176,000

181,000

185,000

-

46,100

-

-

-

-

-

-

-

-

-

-

Net income attributable to controlling interests

366,000

381,000

407,000

-496,000

460,000

328,000

317,000

301,000

275,000

287,000

298,000

304,000

321,000

307,000

293,000

283,000

264,000

215,000

242,000

540,000

172,000

177,000

181,000

434,600

46,100

46,900

52,400

440,000

43,500

37,600

48,900

37,200

38,400

33,200

39,100

Calculation of Limited Partners Interest in Net Income:
Net income attributable to general partner

0

0

0

85,000

101,000

94,000

89,000

85,000

81,000

76,000

69,000

65,000

66,000

61,000

57,000

52,000

48,000

45,000

42,000

522,000

-14,000

-13,000

-11,000

-16,400

-7,300

-6,800

-6,500

-14,500

-5,400

-4,800

-4,300

-3,200

-2,700

-2,400

-2,300

Net income attributable to limited partners

366,000

381,000

407,000

-581,000

359,000

234,000

228,000

216,000

194,000

211,000

229,000

239,000

255,000

246,000

236,000

231,000

216,000

170,000

200,000

94,000

158,000

164,000

170,000

418,200

38,800

40,100

45,900

425,500

38,100

32,800

44,600

34,000

35,700

30,800

36,800

Weighted average limited partner units outstandingbasic and diluted

485,000

485,000

445,000

310,000

311,000

310,000

309,000

309,000

304,000

298,000

285,000

292,000

301,000

296,000

295,000

294,000

288,000

286,000

284,000

227,000

113,000

108,000

104,000

99,100

96,300

96,300

96,300

-

96,300

90,500

-

-

-

-

-

Net income per limited partner unitbasic and diluted

0.75

0.78

0.91

-1.87

1.15

0.75

0.74

0.69

0.64

0.71

0.80

0.82

0.85

0.83

0.80

0.80

0.75

0.59

0.70

-

1.40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions paid per limited partner unit

0.76

0.75

0.73

0.72

0.71

0.70

0.68

0.67

0.66

0.65

0.63

0.62

0.61

0.60

0.58

0.57

0.56

0.55

0.54

0.51

0.50

0.50

0.49

0.49

0.48

0.48

0.47

0.47

0.46

0.46

0.45

0.44

0.43

0.42

0.41

Net Income (Loss) Attributable to Noncontrolling Interest

11,000

10,000

-

-

11,000

39,000

37,000

-

21,000

18,000

13,000

-

10,000

9,000

8,000

7,000

7,000

5,000

4,000

4,000

4,000

4,000

4,000

-

0

-

-

-

-

-

-

-

-

-

-