SPECTRA ENERGY CORP SPECTRA ENERGY PARTNERS Fourth Quarter 2013 Earnings Review February 4, 2014
Changes to Spectra Energy Financial Reporting SE segment changes: EBITDA & Distributable Cash Flow (DCF) will be the primary financial New segment named Spectra Energy Partners measures, going forward Spectra Energy Partners will…
Changes to Spectra Energy Partners Financial Reporting SEP segment changes: EBITDA & Distributable Cash Flow (DCF) will be the primary financial Gas Transportation and Storage segment has been renamed US Transmission measures,…
Safe Harbor Statement Some of what well discuss today concerning future company performance will be forward-looking information within the meanings of the securities laws. Actual results may materially differ from those discussed in…
Spectra Energy: 4Q13 and 2013 Results Ongoing Earnings per Share, Ongoing Net Income Controlling Interests Diluted 4Q13 4Q12 YTD 4Q13 YTD 4Q12 (MM, except per share amounts) Reported Net Income Controlling Interests 236 213 1,038…
Spectra Energy: 4Q13 Results Go-forward Metric EBITDA Ongoing EBITDA (MM) 4Q13 4Q12 YTD 4Q13 YTD 4Q12 Spectra Energy Partners (1) 369 316 1,440 1,259 Distribution 156 147 574 587 Western Canada 215 152 736 694 Field Services 72 58…
2013 Highlights 6B 7B 20B 9% Acquired or Projects secured Enterprise value of Dividend and placed into with fee-based Spectra Energy distribution service in 2013 contracts in 2013 Partners growth Exceeded earnings target Achieved…