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43.31 (1y: +44%)
Market Cap 4.43 B P/E(ttm) 25.50
Enterprise Value 5.44 B P/B 2.50
SEP- NYSE (USA)
Spectra Energy Partners, LP
Not Rated
Top Ranked Predictable Companies
$43.31
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GuruFocus Financial Strength Rank measures how strong a companyย’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 : 6/10

vs
industry		 vs
history
Cash to Debt 0.02
SEP's Cash to Debt is ranked higher than
67% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.03 vs. SEP: 0.02 )
SEP' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 0.02
Equity to Asset 0.608
SEP's Equity to Asset is ranked higher than
93% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.35 vs. SEP: 0.608 )
SEP' s 10-Year Equity to Asset Range
Min: 0.61   Max: 0.81
Current: 0.61
0.61
0.81
Interest Coverage 3.8
SEP's Interest Coverage is ranked higher than
81% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.80 vs. SEP: 3.8 )
SEP' s 10-Year Interest Coverage Range
Min: 3   Max: No Debt
Current: 3.8
F-Score: 6
Z-Score: 2.45
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’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.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

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 : 6/10

vs
industry		 vs
history
Operating margin (%) 49.90
SEP's Operating margin (%) is ranked higher than
95% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 12.00 vs. SEP: 49.90 )
SEP' s 10-Year Operating margin (%) Range
Min: 33.1   Max: 54
Current: 49.9
33.1
54
Net-margin (%) 81.7
SEP's Net-margin (%) is ranked higher than
97% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.50 vs. SEP: 81.7 )
SEP' s 10-Year Net-margin (%) Range
Min: 64.1   Max: 197.3
Current: 81.7
64.1
197.3
ROE (%) 11.3
SEP's ROE (%) is ranked higher than
78% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.00 vs. SEP: 11.3 )
SEP' s 10-Year ROE (%) Range
Min: 5   Max: 19.3
Current: 11.3
5
19.3
ROA (%) 6.9
SEP's ROA (%) is ranked higher than
89% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.70 vs. SEP: 6.9 )
SEP' s 10-Year ROA (%) Range
Min: 4   Max: 13.1
Current: 6.9
4
13.1
ROC (Joel Greenblatt) (%) 9.80
SEP's ROC (Joel Greenblatt) (%) is ranked higher than
77% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.90 vs. SEP: 9.80 )
SEP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 4.4   Max: 9.8
Current: 9.8
4.4
9.8
Revenue Growth (%) 0.9
SEP's Revenue Growth (%) is ranked higher than
73% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.00 vs. SEP: 0.9 )
SEP' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 12.7
Current: 0.9
0
12.7
EBITDA Growth (%) 2.6
SEP's EBITDA Growth (%) is ranked higher than
79% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.00 vs. SEP: 2.6 )
SEP' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 5.5
Current: 2.6
0
5.5
EPS Growth (%) -0.3
SEP's EPS Growth (%) is ranked higher than
60% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.00 vs. SEP: -0.3 )
SEP' s 10-Year EPS Growth (%) Range
Min: 0   Max: 25.7
Current: -0.3
0
25.7
ยป SEP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

SEP Guru Trades in

Q3 2012

SEP Guru Trades in Q3 2012

Jim Simons 14,420 sh (New)
» More
Q4 2012

SEP Guru Trades in Q4 2012

Jim Simons 33,700 sh (+133.7%)
» More
Q1 2013

SEP Guru Trades in Q1 2013

Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with SEP



No Insider Trades Found!
ยป Financial Charts

Peter Lynch Chart

Top Ranked Articles about Spectra Energy Partners, LP

Weekly Top Insider Buys: EMC, SEP
December 31, 2012
According to GuruFocus Insider Data, these are the largest insider buys during the past week: EMC Corporation (EMC) and Special Opportunities Fund Inc. (SEP). Read more...
Weekly Top Insider Buys: NS, SEP, WWD, WEN, BDC
September 10, 2012
According to GuruFocus Insider Data, these are the largest insider buys during the past week: NuStar Energy LP (NS), Spectra Energy Partners LP (SEP), Woodward Inc. (WWD), The Wendyโ€™s Company (WEN), and Belden Inc. (BDC). Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 25.40
SEP's P/E(ttm) is ranked higher than
71% of the 99 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 27.90 vs. SEP: 25.40 )
SEP' s 10-Year P/E(ttm) Range
Min: 10.69   Max: 94.33
Current: 25.4
10.69
94.33
P/B 2.50
SEP's P/B is ranked higher than
65% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.54 vs. SEP: 2.50 )
SEP' s 10-Year P/B Range
Min: 0.93   Max: 10.3
Current: 2.5
0.93
10.3
P/S 18.10
SEP's P/S is ranked lower than
66% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.48 vs. SEP: 18.10 )
SEP' s 10-Year P/S Range
Min: 8.94   Max: 85.42
Current: 18.1
8.94
85.42
PFCF 21.10
SEP's PFCF is ranked higher than
80% of the 56 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 40.53 vs. SEP: 21.10 )
SEP' s 10-Year PFCF Range
Min: 11.61   Max: 3075
Current: 21.1
11.61
3075
EV-to-EBIT 45.5
SEP's EV-to-EBIT is ranked lower than
57% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 24.99 vs. SEP: 45.5 )
SEP' s 10-Year EV-to-EBIT Range
Min: 28.3   Max: 226.4
Current: 45.5
28.3
226.4
PEG 4
SEP's PEG is ranked higher than
61% of the 64 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.71 vs. SEP: 4 )
SEP' s 10-Year PEG Range
Min: 0.75   Max: 4
Current: 4
0.75
4
Shiller P/E 26.2
SEP's Shiller P/E is ranked lower than
100% of the Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: vs. SEP: 26.2 )
SEP' s 10-Year Shiller P/E Range
Min: 16.66   Max: 26
Current: 26.2
16.66
26

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 4.60
SEP's Dividend Yield is ranked higher than
57% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.28 vs. SEP: 4.60 )
SEP' s 10-Year Dividend Yield Range
Min: 1.18   Max: 8.75
Current: 4.6
1.18
8.75
Dividend Payout 1.1672
SEP's Dividend Payout is ranked higher than
60% of the 87 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.00 vs. SEP: 1.1672 )
SEP' s 10-Year Dividend Payout Range
Min: 0.1   Max: 1.09
Current: 1.17
0.1
1.09
Dividend growth (3y) 6.3
SEP's Dividend growth (3y) is ranked higher than
87% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.20 vs. SEP: 6.3 )
SEP' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 54.3
Current: 6.3
0
54.3
Yield on cost (5-Year) 7.50
SEP's Yield on cost (5-Year) is ranked higher than
74% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.59 vs. SEP: 7.50 )
SEP' s 10-Year Yield on cost (5-Year) Range
Min: 1.88   Max: 13.96
Current: 7.5
1.88
13.96
Share Buyback Rate -6.2
SEP's Share Buyback Rate is ranked higher than
64% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -3.90 vs. SEP: -6.2 )
SEP' s 10-Year Share Buyback Rate Range
Min: 0   Max: -7.6
Current: -6.2

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 355.8
SEP's Price/Net Current Asset Value is ranked lower than
95% of the 82 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 23.70 vs. SEP: 355.8 )
SEP' s 10-Year Price/Net Current Asset Value Range
Min: 134.4   Max: 240.2
Current: 355.8
134.4
240.2
Price/Tangible Book 3.6
SEP's Price/Tangible Book is ranked higher than
55% of the 99 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.40 vs. SEP: 3.6 )
SEP' s 10-Year Price/Tangible Book Range
Min: 1.4   Max: 2.4
Current: 3.6
1.4
2.4
Price/DCF (Projected) 1.7
SEP's Price/DCF (Projected) is ranked higher than
75% of the 65 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.80 vs. SEP: 1.7 )
SEP' s 10-Year Price/DCF (Projected) Range
Min: 1.2   Max: 1.2
Current: 1.7
Price/Median PS Value 1.3
SEP's Price/Median PS Value is ranked higher than
60% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.20 vs. SEP: 1.3 )
SEP' s 10-Year Price/Median PS Value Range
Min: 0.8   Max: 2.2
Current: 1.3
0.8
2.2
Price/Peter Lynch Fair Value 2.7
SEP's Price/Peter Lynch Fair Value is ranked higher than
59% of the 34 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.50 vs. SEP: 2.7 )
SEP' s 10-Year Price/Peter Lynch Fair Value Range
Min: 2   Max: 2
Current: 2.7
Price/Graham Number 1.8
SEP's Price/Graham Number is ranked higher than
60% of the 90 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.90 vs. SEP: 1.8 )
SEP' s 10-Year Price/Graham Number Range
Min: 0.8   Max: 1.4
Current: 1.8
0.8
1.4
Earnings Yield (Greenblatt) 2.20
SEP's Earnings Yield (Greenblatt) is ranked higher than
60% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.40 vs. SEP: 2.20 )
SEP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 3.5
Current: 2.2
0.4
3.5
Forward Rate of Return (Yacktman) 12.06
SEP's Forward Rate of Return (Yacktman) is ranked higher than
89% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.00 vs. SEP: 12.06 )
SEP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 3.5   Max: 29
Current: 12.06
3.5
29

Business Description

Spectra Energy Partners, LP is a Delaware master limited partnership (MLP) formed on March 19, 2007. It completed its initial public offering on July 2, 2007. The Company's operations and activities are managed by its general partner, Spectra Energy Partners (DE) GP, LP, which in turn is managed by its general partner, Spectra Energy Partners GP, LLC, (the General Partner). The General Partner is wholly owned by a subsidiary of Spectra Energy Corp (Spectra Energy). The Company through its subsidiaries and equity affiliates, is engaged in the transportation and gathering of natural gas through interstate pipeline systems with over 3,100 miles of pipelines that serve the southeastern United States, Oklahoma, Arkansas and Missouri, and the storage of natural gas in underground facilities with aggregate working gas storage capacity of approximately 49 billion cubic feet (Bcf) that are located in southeast Texas, south central Louisiana and southwest Virginia. The Company's transport, gather and store natural gas for a broad mix of customers, including local gas distribution companies (LDCs, companies that obtain a major portion of their revenues from retail distribution systems for the delivery of natural gas for ultimate consumption), municipal utilities, interstate and intrastate pipelines, direct industrial users, electric power generators, marketers and producers, and exploration and production companies. In addition to serving the directly connected southeastern United States, Oklahoma, Arkansas and Missouri markets, its pipeline, storage and gathering systems have access to customers in the mid-Atlantic, northeastern and midwestern regions of the United States through numerous interconnections with major pipelines. It owns and operates 100% of the 1,510-mile East Tennessee interstate natural gas transportation system, which extends from central Tennessee eastward into southwest Virginia and northern North Carolina, and southward into northern Georgia. It owns a 24.5% interest in the 745-mile Gulfstream interstate natural gas transportation system which extends from Pascagoula, Mississippi and Mobile, Alabama across the Gulf of Mexico and into Florida. It owns a 50% interest in Market Hub, which owns and operates two high-deliverability salt cavern natural gas storage facilities - the Egan facility and the Moss Bluff facility. The Company's gas transmission and storage operations are subject to the jurisdiction of the Environmental Protection Agency (EPA) and various other federal, state and local environmental agencies.
Company Website
SEC Reports
Industry: Oil & Gas Midstream
Compare:WES, ENB, ETE, KMP, SE
ยป More Articles for SEP

Headlines

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