Spectra Energy Partners, LP Q2 Net Income Rises - Quick Facts

(RTTNews) - Spectra Energy Partners, LP (SEP) reported second quarter 2015 net income from controlling interests of $307 million compared to $215 million in second quarter 2014. Distributable cash flow was $321 million, compared to $239 million in the prior-year quarter. Distributions per limited partner unit were $0.61375, compared to $0.56625 per limited partner unit.

Operating revenues increased to $603 million from $531 million, a year ago. Analysts polled by Thomson Reuters expected revenue of $594.62 million for the quarter.

Spectra Energy Partners, LP also announced that the board of its general partner declared a quarterly cash distribution to unitholders of $0.61375 per unit, an increase of 1.25 cents over the previous level of $0.60125 per unit.