Spectra Energy Partners, LP Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017
February 15, 2018 at 04:15 pm EST
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Spectra Energy Partners, LP reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported negative operating revenues of $138 million against operating revenues of $663 million a year ago. Operating loss was $486 million against operating income of $319 million a year ago. Loss before income taxes was $484 million against earnings before income taxes of $332 million a year ago. Net loss was $489 million against net income of $327 million a year ago. LBITDA was $322 million against EBITDA of $474 million a year ago. Total distributable cash flow was $332 million against $271 million a year ago.
For the full year, the company reported operating revenues of $1,950 million against $2,533 million a year ago. Operating income was $563 million against $1,228 million a year ago. Earnings before income taxes was $722 million against $1,257 million a year ago. Net income was $703 million against $1,239 million a year ago. EBITDA was $1,331 million against $1,794 million a year ago. Total distributable cash flow was $1,392 million against $1,187 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.