General | Quarterly / Earnings Reports
Spectra's $1.2B Appalachian Expansion Headlines Q3
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Spectra Energy Corp reported 2013 third quarter net income from controlling interests of $263 million, or $0.39 diluted EPS, compared with $179 million, or $0.27 EPS, in the prior year quarter.
Ongoing net income was $283 million, or $0.42 diluted EPS, versus $179 million, or $0.27 EPS, during the prior year quarter.
Highlights: Ongoing net income from controlling interests of $283 million, $0.42 diluted earnings per share (EPS), compared with $179 million, $0.27 EPS, in the prior year quarter. $1.2 billion New Jersey-New York Expansion placed into service on schedule; continued execution of growth plans creates ongoing value. Major MLP drop-down completed November 1, creating approximately $20 billion enterprise.Greg Ebel, president and chief executive officer, Spectra Energy Corp…
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