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Stock Market & Financial Investment News

News Breaks
February 5, 2014
07:34 EDTSESpectra Energy sees 2014 distributable cash flow over $1.2B
Spectra Energy (SE) and Spectra Energy Partners (SEP) announced their business outlook and three year financial plan. Key highlights include: Spectra Energy 2014 distributable cash flow of more than $1.2B; SEP distributable cash flow in 2014 of $935M with a CAGR of 13% through 2016; At least 9% annual growth of Spectra Energy dividends and at least 8%-9% annual growth of Spectra Energy Partners distributions through 2016; 2014 enterprise-wide EBITDA of more than $3B; with a compounded annual growth rate of 7% through 2016; Investment of approximately $1.3B in expansion capital in 2014 and an average annual growth CapEx of approximately $2B through 2016; SEP's share of CapEx is about 70% in 2014; 60% in 2015, and 45% in 2016 Pursuing an additional $10B of natural gas and liquids opportunities over the previously announced $25B of opportunities through the end of the decade.
News For SE From The Last 14 Days
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December 11, 2014
07:26 EDTSEPlatts to hold a forum
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December 8, 2014
09:23 EDTSESpectra Energy, Northeast Utilities form alliance with Iroquois Gas Transmission
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December 5, 2014
11:17 EDTSEPhillips 66 announces 2015 capital budget of $4.6B
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