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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.03
SEP's Cash-to-Debt is ranked lower than
67% of the 90 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.06 vs. SEP: 0.03 )
Ranked among companies with meaningful Cash-to-Debt only.
SEP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0  Med: 0.03 Max: 0.07
Current: 0.03
0
0.07
Equity-to-Asset 0.62
SEP's Equity-to-Asset is ranked higher than
84% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.39 vs. SEP: 0.62 )
Ranked among companies with meaningful Equity-to-Asset only.
SEP' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41  Med: 0.68 Max: 0.77
Current: 0.62
0.41
0.77
Interest Coverage 5.48
SEP's Interest Coverage is ranked higher than
51% of the 100 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.78 vs. SEP: 5.48 )
Ranked among companies with meaningful Interest Coverage only.
SEP' s Interest Coverage Range Over the Past 10 Years
Min: 2.16  Med: 4.16 Max: 5.48
Current: 5.48
2.16
5.48
Piotroski F-Score: 5
Altman Z-Score: 1.10
WACC vs ROIC
7.39%
6.27%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % 48.48
SEP's Operating Margin % is ranked higher than
85% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 17.34 vs. SEP: 48.48 )
Ranked among companies with meaningful Operating Margin % only.
SEP' s Operating Margin % Range Over the Past 10 Years
Min: 41.55  Med: 49.78 Max: 51.85
Current: 48.48
41.55
51.85
Net Margin % 45.83
SEP's Net Margin % is ranked higher than
89% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.34 vs. SEP: 45.83 )
Ranked among companies with meaningful Net Margin % only.
SEP' s Net Margin % Range Over the Past 10 Years
Min: 32.65  Med: 52.18 Max: 167.55
Current: 45.83
32.65
167.55
ROE % 7.22
SEP's ROE % is ranked higher than
56% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.63 vs. SEP: 7.22 )
Ranked among companies with meaningful ROE % only.
SEP' s ROE % Range Over the Past 10 Years
Min: 4.29  Med: 8.87 Max: 33.9
Current: 7.22
4.29
33.9
ROA % 5.76
SEP's ROA % is ranked higher than
66% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.58 vs. SEP: 5.76 )
Ranked among companies with meaningful ROA % only.
SEP' s ROA % Range Over the Past 10 Years
Min: 5.74  Med: 7.04 Max: 24.36
Current: 5.76
5.74
24.36
ROC (Joel Greenblatt) % 9.96
SEP's ROC (Joel Greenblatt) % is ranked higher than
62% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.46 vs. SEP: 9.96 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
SEP' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.9  Med: 15.51 Max: 92.25
Current: 9.96
9.9
92.25
3-Year Revenue Growth Rate -15.90
SEP's 3-Year Revenue Growth Rate is ranked lower than
60% of the 80 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -11.40 vs. SEP: -15.90 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
SEP' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: -15.9 Max: 118.5
Current: -15.9
0
118.5
3-Year EBITDA Growth Rate -15.70
SEP's 3-Year EBITDA Growth Rate is ranked lower than
80% of the 74 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.30 vs. SEP: -15.70 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
SEP' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -15.7 Max: 84.8
Current: -15.7
0
84.8
3-Year EPS without NRI Growth Rate -12.60
SEP's 3-Year EPS without NRI Growth Rate is ranked lower than
71% of the 62 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.70 vs. SEP: -12.60 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
SEP' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: -12.6 Max: 60.8
Current: -12.6
0
60.8
GuruFocus has detected 4 Warning Signs with Spectra Energy Partners LP $SEP.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» SEP's 10-Y Financials

Financials (Next Earnings Date: 2017-05-17 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

SEP Guru Trades in Q1 2016

Jim Simons 310,200 sh (New)
David Dreman 220 sh (New)
T Boone Pickens 27,735 sh (New)
» More
Q2 2016

SEP Guru Trades in Q2 2016

David Dreman 1,006 sh (+357.27%)
Jim Simons 631,500 sh (+103.58%)
T Boone Pickens 27,735 sh (unchged)
» More
Q3 2016

SEP Guru Trades in Q3 2016

T Boone Pickens 32,332 sh (+16.57%)
David Dreman 1,006 sh (unchged)
Jim Simons 398,000 sh (-36.98%)
» More
Q4 2016

SEP Guru Trades in Q4 2016

David Dreman 9,229 sh (+817.40%)
T Boone Pickens 14,491 sh (-55.18%)
Jim Simons 46,789 sh (-88.24%)
» More
» Details

Insider Trades

Latest Guru Trades with SEP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream    NAICS: 486210    SIC: 4922
Compare: » details
Traded in other countries:SEZ.Germany,
Spectra Energy Partners LP is a Delaware master limited partnership, engaged in the transmission, storage and gathering of natural gas, the transportation and storage of crude oil and the transportation of natural gas liquids.

Spectra Energy Partners is an MLP that is majority owned by its general partner and corporate parent, Spectra Energy. SEP owns all of Spectra's U.S. long-haul natural gas and crude oil pipelines.

Top Ranked Articles about Spectra Energy Partners LP

Insider Invests in Spectra Energy Partners CEO and president bought 8,529 shares
Gregory Ebel (Insider Trades), CEO and president of Spectra Energy Partners (NYSE:SEP), purchased 8,529 shares of the company on Nov. 7. The average price per share was $41.67 for a total transaction of $355,403. Spectra Energy Partners, a master limited partnership in the United States, connects natural gas and crude oil supply to the market. The company has a market cap of $12.73 billion. Read more...

Ratios

vs
industry
vs
history
PE Ratio 14.84
SEP's PE Ratio is ranked higher than
74% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 21.78 vs. SEP: 14.84 )
Ranked among companies with meaningful PE Ratio only.
SEP' s PE Ratio Range Over the Past 10 Years
Min: 4.71  Med: 15.2 Max: 79.14
Current: 14.84
4.71
79.14
Forward PE Ratio 12.59
SEP's Forward PE Ratio is ranked higher than
89% of the 83 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 22.68 vs. SEP: 12.59 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 14.84
SEP's PE Ratio without NRI is ranked higher than
79% of the 102 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 22.76 vs. SEP: 14.84 )
Ranked among companies with meaningful PE Ratio without NRI only.
SEP' s PE Ratio without NRI Range Over the Past 10 Years
Min: 4.71  Med: 15.2 Max: 79.14
Current: 14.84
4.71
79.14
Price-to-Owner-Earnings 56.15
SEP's Price-to-Owner-Earnings is ranked lower than
97% of the 37 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.41 vs. SEP: 56.15 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
SEP' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 4.16  Med: 18.58 Max: 67.73
Current: 56.15
4.16
67.73
PB Ratio 0.97
SEP's PB Ratio is ranked higher than
80% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.76 vs. SEP: 0.97 )
Ranked among companies with meaningful PB Ratio only.
SEP' s PB Ratio Range Over the Past 10 Years
Min: 0.55  Med: 1.47 Max: 2.67
Current: 0.97
0.55
2.67
PS Ratio 4.95
SEP's PS Ratio is ranked lower than
87% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.71 vs. SEP: 4.95 )
Ranked among companies with meaningful PS Ratio only.
SEP' s PS Ratio Range Over the Past 10 Years
Min: 1.42  Med: 6.5 Max: 36.52
Current: 4.95
1.42
36.52
Price-to-Operating-Cash-Flow 8.58
SEP's Price-to-Operating-Cash-Flow is ranked higher than
58% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.11 vs. SEP: 8.58 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
SEP' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.6  Med: 10.55 Max: 59.59
Current: 8.58
2.6
59.59
EV-to-EBIT 14.45
SEP's EV-to-EBIT is ranked higher than
77% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.01 vs. SEP: 14.45 )
Ranked among companies with meaningful EV-to-EBIT only.
SEP' s EV-to-EBIT Range Over the Past 10 Years
Min: 3.3  Med: 15.9 Max: 21.3
Current: 14.45
3.3
21.3
EV-to-EBITDA 11.88
SEP's EV-to-EBITDA is ranked higher than
71% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 13.26 vs. SEP: 11.88 )
Ranked among companies with meaningful EV-to-EBITDA only.
SEP' s EV-to-EBITDA Range Over the Past 10 Years
Min: 2.7  Med: 13.1 Max: 18.2
Current: 11.88
2.7
18.2
Shiller PE Ratio 12.65
SEP's Shiller PE Ratio is ranked higher than
89% of the 47 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 25.87 vs. SEP: 12.65 )
Ranked among companies with meaningful Shiller PE Ratio only.
SEP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 12.01  Med: 13.65 Max: 15.01
Current: 12.65
12.01
15.01
Current Ratio 0.37
SEP's Current Ratio is ranked lower than
94% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.05 vs. SEP: 0.37 )
Ranked among companies with meaningful Current Ratio only.
SEP' s Current Ratio Range Over the Past 10 Years
Min: 0.17  Med: 0.53 Max: 0.99
Current: 0.37
0.17
0.99
Quick Ratio 0.35
SEP's Quick Ratio is ranked lower than
93% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.95 vs. SEP: 0.35 )
Ranked among companies with meaningful Quick Ratio only.
SEP' s Quick Ratio Range Over the Past 10 Years
Min: 0.14  Med: 0.49 Max: 0.93
Current: 0.35
0.14
0.93
Days Inventory 17.50
SEP's Days Inventory is ranked lower than
53% of the 80 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 16.16 vs. SEP: 17.50 )
Ranked among companies with meaningful Days Inventory only.
SEP' s Days Inventory Range Over the Past 10 Years
Min: 17.1  Med: 22.76 Max: 60.59
Current: 17.5
17.1
60.59
Days Sales Outstanding 54.76
SEP's Days Sales Outstanding is ranked lower than
82% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 35.92 vs. SEP: 54.76 )
Ranked among companies with meaningful Days Sales Outstanding only.
SEP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.66  Med: 42.16 Max: 65.94
Current: 54.76
4.66
65.94
Days Payable 195.82
SEP's Days Payable is ranked higher than
95% of the 80 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 44.11 vs. SEP: 195.82 )
Ranked among companies with meaningful Days Payable only.
SEP' s Days Payable Range Over the Past 10 Years
Min: 100.46  Med: 148.27 Max: 218.7
Current: 195.82
100.46
218.7

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 6.34
SEP's Dividend Yield % is ranked lower than
66% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.13 vs. SEP: 6.34 )
Ranked among companies with meaningful Dividend Yield % only.
SEP' s Dividend Yield % Range Over the Past 10 Years
Min: 1.18  Med: 5.26 Max: 8.75
Current: 6.34
1.18
8.75
Dividend Payout Ratio 0.93
SEP's Dividend Payout Ratio is ranked higher than
83% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.29 vs. SEP: 0.93 )
Ranked among companies with meaningful Dividend Payout Ratio only.
SEP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.32  Med: 0.76 Max: 1
Current: 0.93
0.32
1
3-Year Dividend Growth Rate 9.20
SEP's 3-Year Dividend Growth Rate is ranked higher than
55% of the 62 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.40 vs. SEP: 9.20 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
SEP' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 8 Max: 78.3
Current: 9.2
0
78.3
Forward Dividend Yield % 6.52
SEP's Forward Dividend Yield % is ranked lower than
73% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.16 vs. SEP: 6.52 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 9.14
SEP's 5-Year Yield-on-Cost % is ranked higher than
50% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.14 vs. SEP: 9.14 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
SEP' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.7  Med: 7.59 Max: 12.62
Current: 9.14
1.7
12.62
3-Year Average Share Buyback Ratio -2.50
SEP's 3-Year Average Share Buyback Ratio is ranked higher than
78% of the 76 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -8.10 vs. SEP: -2.50 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
SEP' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -47.1  Med: -10.4 Max: 0
Current: -2.5
-47.1
0

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.27
SEP's Price-to-Tangible-Book is ranked higher than
80% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.33 vs. SEP: 1.27 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
SEP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.15  Med: 1.7 Max: 2.49
Current: 1.27
1.15
2.49
Price-to-Intrinsic-Value-Projected-FCF 1.51
SEP's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
67% of the 66 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.22 vs. SEP: 1.51 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
SEP' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.55  Med: 1.52 Max: 1.65
Current: 1.51
0.55
1.65
Price-to-Median-PS-Value 0.77
SEP's Price-to-Median-PS-Value is ranked higher than
85% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.99 vs. SEP: 0.77 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
SEP' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.26  Med: 1 Max: 2.12
Current: 0.77
0.26
2.12
Price-to-Graham-Number 0.91
SEP's Price-to-Graham-Number is ranked higher than
86% of the 83 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.97 vs. SEP: 0.91 )
Ranked among companies with meaningful Price-to-Graham-Number only.
SEP' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.53  Med: 1.03 Max: 1.57
Current: 0.91
0.53
1.57
Earnings Yield (Greenblatt) % 6.92
SEP's Earnings Yield (Greenblatt) % is ranked higher than
80% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.84 vs. SEP: 6.92 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
SEP' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 4.7  Med: 6.3 Max: 30.1
Current: 6.92
4.7
30.1
Forward Rate of Return (Yacktman) % -23.07
SEP's Forward Rate of Return (Yacktman) % is ranked lower than
90% of the 58 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -3.06 vs. SEP: -23.07 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
SEP' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -23.1  Med: 42.1 Max: 72.1
Current: -23.07
-23.1
72.1

More Statistics

Revenue (TTM) (Mil) $2,533
EPS (TTM) $ 2.85
Beta0.96
Short Percentage of Float3.93%
52-Week Range $40.19 - 50.43
Shares Outstanding (Mil)308.85

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 2,965 3,174 3,419
EPS ($) 3.36 3.70 3.44
EPS without NRI ($) 3.36 3.70 3.44
EPS Growth Rate
(Future 3Y To 5Y Estimate)
-10.56%
Dividends per Share ($) 2.85 3.06 3.23
» More Articles for SEP

Headlines

Articles On GuruFocus.com
Undervalued Stocks With Low P/E Ratios Jan 19 2017 
Insider Invests in Spectra Energy Partners Nov 08 2016 
4 Top Dividend Stocks to Own Right Now Oct 28 2016 
Gurus Buy Stocks With Low P/E Ratios Oct 12 2016 
GuruFocus Reports Three Dividend Growers of the Week May 13 2014 
20 Dividend Challengers with Fastest Growing Dividends Apr 26 2013 
Weekly Top Insider Buys: EMC, SEP Dec 31 2012 
3 MLPs to Buy and Hold Forever and One to Sell Today Nov 19 2012 
Weekly Top Insider Buys: NS, SEP, WWD, WEN, BDC Sep 10 2012 
The Best Dividends on May 2, 2012 May 01 2012 

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