Spectra Energy Partners LP (Spectra Energy Partners LP) Interest Expense : $-329 Mil (TTM As of Sep. 2018)

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What is Spectra Energy Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spectra Energy Partners LP's interest expense for the three months ended in Sep. 2018 was $ -85 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2018 was $-329 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Spectra Energy Partners LP's Operating Income for the three months ended in Sep. 2018 was $ 367 Mil. Spectra Energy Partners LP's Interest Expense for the three months ended in Sep. 2018 was $ -85 Mil. Spectra Energy Partners LP's Interest Coverage for the quarter that ended in Sep. 2018 was 4.32. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Spectra Energy Partners LP Interest Expense Historical Data

The historical data trend for Spectra Energy Partners LP's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Spectra Energy Partners LP Interest Expense Chart

Spectra Energy Partners LP Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Interest Expense

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-383.00

-238.00

-239.00

-224.00

-265.00

Spectra Energy Partners LP Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Interest Expense	Get a 7-Day Free Trial															-75.00	-74.00	-85.00	-85.00	-85.00

Spectra Energy Partners LP Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-329 Mil.

Spectra Energy Partners LP (NYSE:SEP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Spectra Energy Partners LP's Interest Expense for the three months ended in Sep. 2018 was $-85 Mil. Its Operating Income for the three months ended in Sep. 2018 was $367 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2018 was $8,795 Mil.

Spectra Energy Partners LP's Interest Coverage for the quarter that ended in Sep. 2018 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2018 )	/	Interest Expense (Q: Sep. 2018 )
	=	-1	*	367	/	-85
	=	4.32

The higher the ratio, the stronger the company's financial strength is.

Spectra Energy Partners LP (Spectra Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Spectra Energy Partners LP (NYSE:SEP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.spectraenergypartners.com

Spectra Energy Partners is a master limited partnership that is majority owned by its general partner and corporate parent, Enbridge, a Canadian energy company. SEP owns more than 15,000 miles of natural gas and oil pipelines in the U.S. and Canada. It also owns 170 billion cubic feet of gas storage and 5.6 million barrels of crude oil storage, as well as gas- and oil-gathering facilities.

Executives

Michael G Morris	director	AMERICAN ELECTRIC POWER, 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
J D Woodward	director
William T. Yardley	director, officer: President & Chairman	5400 WESTHEIMER COURT, HOUSTON TX 77056
Nora Mead Brownell	director	C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936
Laura Buss Sayavedra	director, officer: See Remarks	5400 WESTHEIMER COURT, HOUSTON TX 77056
Stephen J Neyland	officer: Vice President-Finance	5400 WESTHEIMER COURT, HOUSTON TX 77056
John K Whelen	director	425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Vernon D Yu	director, officer: Chief Development Officer	425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Allen C Capps	officer: Controller	5400 WESTHEIMER COURT, HOUSTON TX 77056-5310
Gregory L Ebel	director, officer: President & CEO
Fred J Fowler	director	C/O DCP MIDSTREAM, 370 17TH STREET, SUITE 2500, DENVER CO 80202
Julie Dill	director	1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207
Dorothy M Ables	director	5400 WESTHEIMER COURT, HOUSTON TX 77056
Reginald D Hedgebeth	officer: General Counsel	9950 MAYLAND DRIVE, RICHMOND VA 23233
Steven D Arnold	director	5400 WESTHEIMER COURT, HOUSTON TX 77056

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