3rd Quarter 2010 Earnings Review Natural Gas. Right Here, Right Now.
Safe Harbor Statement Some of the statements in this document concerning future company performance will be forward-looking within the meanings of the securities laws. Actual results may materially differ from those discussed in these…
Financial Highlights Laura Buss Sayavedra Vice President and Chief Financial Officer Natural Gas. Right Here, Right Now.
Financial Highlights 3rd Quarter 2010 Raised distribution 0.01 per LP Unit to 0.44 Net income 38.4 million Earnings per limited partner unit 0.44 Cash available for distribution 50.4 million for the quarter 139.5 million…
Gas Transportation & Storage Three Months Ended September 30 ( millions) 2010 2009 Operating Revenues 49.0 49.8 Operating Expenses 23.2 21.7 Operating Income 25.8 28.1 Other Income 0.2 Segment EBIT 26.0 28.1 3rd Quarter 2010…
Gulfstream Natural Gas & Market Hub Partners Gulfstream Natural Gas Market Hub Partners Three Months Ended Three Months Ended September 30 September 30 ( millions) 2010 2009 2010 2009 Operating Revenues 69.5 67.9 29.2 28.6…
Cash Available for Distribution Three Months Ended Nine Months Ended September 30 September 30 ( millions) 2010 2009 2010 2009 Adjusted EBITDA 31.7 33.5 91.4 84.0 Add: Cash available from equity investments Gulfstream (24.5%) 14.7…
Business Update Gregory J. Rizzo President and Chief Executive Officer Natural Gas. Right Here, Right Now.
Business Update Ozark Gas Transmission East Tennessee Natural Gas Northeastern Tennessee (NET) Expected in-service 3Q11 Market Hub Partners Gulfstream Gulfstream Phase V Natural Gas Expected in-service 1H11 Moss Bluff…
Strategic Platform of Growth Spectra Energy Partners has deployed over 645 million in growth capital in a balanced manner Organic Growth 38% Third Party 645 Million Acquisition 46% Acquisition from Sponsor 16% 3rd Quarter…
Track Record of Success Spectra Energy Partners Distribution per LP Unit 0.45 0.40 0.35 0.30 0.25 0.20 0.15 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2007 2008 2009 2010 12 consecutive quarterly distribution increases Key…
Appendix A Other Financial Information Natural Gas. Right Here, Right Now.
Debt and Available Liquidity ( millions) September 30, 2010 June 30, 2010 Debt: East Tennessee Natural Gas (5.71%; due 2012) 150 150 Other Floating Rate Debt 263 265 Total Debt 413 415 Available Liquidity: Credit Facility 500…
Debt Schedule ( millions) September 30, 2010 SEP Debt: East Tennessee Natural Gas (5.71%; due 2012) 150 500 million Credit Facility (current rate: LIBOR + 35bps; expires 2012) 230 MHP Demand Note (LIBOR; due 2012) 33 Total Debt…
Appendix B Project & Other Information Natural Gas. Right Here, Right Now.
East Tennessee Natural Gas Northeastern Tennessee Project (NET) East Tennessee NET Project Gas service to a new TVA gas-fired generation plant 150,000 Dth/day Long-term arrangement Total project Capex 135 million Primary spend in…
Market Hub Partners Moss Bluff Cavern 4 Moss Bluff is a key player in the Texas intrastate and interstate markets Moss Bluff Cavern 4 SEPs share of total project Capex: 60 million Permitted by Texas Railroad Commission Cavern…
Market Hub Partners Egan Cavern 3 Egan is a premier salt cavern storage asset Egan Cavern 3 SEPs share of total project Capex: 80 million Cavern development process continuing Project Name Description In Service Egan Cavern 3…
Gulfstream Natural Gas Phase V Expansion Gulfstream provides solid revenue base from long-term contracts Gulfstream Phase V 35,000 Dth/d of new firm service SEPs share of total project Capex: 12 million Initial in-service…
www.spectraenergypartners.com Natural Gas. Right Here, Right Now.
Loading...
