SEP: Spectra Energy Partners, LP Instablogs

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Friday, May 3, 8:07 AM Spectra Energy LP (SEP): Q1 EPS of $0.45 beats by $0.03. Revenue of $60.9M beats by $0.57M. (PR) Comment! [Earnings, Breaking News]
Friday, May 3, 12:05 AM Notable earnings before Friday’s open: ADP, AXL, BBEP, BPL, CBOE, DUK, FBN, GBDC, GTXI, HST, LNT, MCO, NGLS, NRF, NVE, NWL, PNW, POM, PPC, REGN, SE, SEP, SMP, UPL, WCG, XLS, YRCW Comment! [Earnings]
Thursday, May 2, 7:38 PM Spectra Energy (SE) agrees to drop down 50% of the Express-Platte Pipeline System to Spectra Energy Partners (SEP) in exchange for $555M in cash, $139M in newly issued partnership units, and $129M of acquired Express-Platte System debt. SEP says the drop-down is accretive to distributable cash. 2 Comments [Energy]
Thursday, May 2, 5:30 PM Notable earnings before Friday’s open: ADP, AXL, BBEP, BPL, CBOE, DUK, FBN, GBDC, GTXI, HST, LNT, MCO, NGLS, NRF, NVE, NWL, PNW, POM, PPC, REGN, SE, SEP, SMP, UPL, WCG, XLS, YRCW Comment! [Earnings]
Tuesday, April 16, 9:50 AM Citi's John Tysseland downgrades several MLPs, seeing margin compression for some crude-exposed stocks and uncertainty in margins and transportation fees for natural gas storage-exposed names. Crude-related RRMS and SXL are cut to Neutral; gas-related PNG and SEP are lowered to Neutral, while NKA and TCP are slashed to Sell. Comment! [Energy, Quick Ideas]
Tuesday, April 2, 5:36 PM After-hours top gainers, as of 5:15 p.m.: CALL +17%. NVAX +6%. ZOLT +6%. NFX +5%. ZNGA +5%.
After-hours top losers: KOS -10%. GPN -6%. VOD -4%. SEP -4%. OXM -3%. Comment! [On the Move]
Tuesday, April 2, 4:22 PM Spectra Energy Partners (SEP) -4% AH after announcing a public offering of 4.5M common units. SEP intends to use the net proceeds for funding capital expenditures and acquisitions. Comment! [Energy, On the Move]
Tuesday, February 5, 8:05 AM Spectra Energy Partners (SEP): Q4 EPS of $0.40 beats by $0.03. Revenue of $59M misses by $1.62M. (PR) Comment! [Earnings, Breaking News]
Tuesday, February 5, 12:05 AM Notable earnings before Tuesday’s open: ACI, ACM, ADM, ADP, AGCO, AGN, ALLT, ARMH, ATK, BDX, BP, CAH, CHD, CSC, DLPH, DO, EL, EMR, ETN, K, MMP, NGPC, NRGY, NYX, OHI, SE, SEP, SIRI, TE, TM, UBS, UDR, VSH Comment! [Earnings]
Monday, February 4, 5:30 PM Notable earnings before Tuesday’s open: ACI, ACM, ADM, ADP, AGCO, AGN, ALLT, ARMH, ATK, BDX, BP, CAH, CHD, CSC, DLPH, DO, EL, EMR, ETN, K, MMP, NGPC, NRGY, NYX, OHI, SE, SEP, SIRI, TE, TM, UBS, UDR, VSH Comment! [Earnings]
Monday, January 14, 8:59 AM Spectra Energy (SE) strikes a deal with Eastman Chemical (EMN) to transport 86MMcf/day of gas to an Eastman facility in Tennessee. The price tag on the venture is $120M, which also will cover 6.4 miles of additional pipeline to SE’s East Tennessee Natural Gas pipeline. SE will be contracted for a combined 121MMcf/day in gas shipments to EMN. Comment! [Energy]
Wednesday, January 9, 10:28 AM Credit Suisse predicts a catch-up rally for master limited partnerships, propelled by strong fundamentals in the energy space. With a projected 6%-6.25% average yield for MLPs, the firm estimates total returns for the stocks in the mid-teens. Exterran Partners (EXLP) is upgraded to Outperform, but APU, BWP, SEP and SPH are cut to Neutral. Comment! [Energy, Quick Ideas]
Tuesday, December 11, 2012, 7:10 AM Spectra Energy (SEP) plans to buy the Express-Platte System pipeline for $1.49B to give it an edge in transporting crude oil across North America. The transaction should add between three cents and five cents to full-year earnings, according to the company. Kinder Morgan (KMP), one of the current owners of the pipeline, will receive close to $380M in the deal. 4 Comments [Energy, M&A]
Wednesday, November 14, 2012, 9:29 AM Spectra Energy Partners (SEP) -4.3% premarket after announcing a public offering of 4.75M common units representing limited partner interests at $27.50 each. Net proceeds will be used to fund capital expenditures and acquisitions. SEP had 96.4M common units outstanding as of Sept. 30. Comment! [Energy, On the Move]
Tuesday, November 13, 2012, 5:45 PM After-hours top gainers, as of 5:15 p.m.: FOLD +6.7%. CSCO +6.6%. WWD +3.3%. ARUN +3.3%. NTI +2.8%.
After-hours top losers: MOS -5.4%. SEP -4.6%. ES -4.0%. UBNT -3.4%. PATK -3.2%. 2 Comments [On the Move]
Thursday, November 1, 2012, 9:06 AM Spectra Energy Partners (SEP): Q3 EPS of $0.49 beats by $0.10. Revenue of $57.2M (+10% Y/Y) misses by $1.5M. (PR) Comment! [Earnings]

SEP Spectra Energy Partners, LP

SEP

Spectra Energy Partners, LP