Spectra Energy Partners, LP
Utilities · Natural Gas Transmission · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | |
|---|---|---|---|---|---|---|
| Revenue | $700.0M | $624.0M | $2.46B | $2.27B | $459.0M | $459.0M |
| Operating income | $332.0M | $324.0M | $1.27B | $1.14B | $249.0M | $253.0M |
| Net income | $317.0M | $298.0M | $1.23B | $1.00B | $181.0M | $171.0M |
| Total assets | $22.06B | $21.61B | $18.85B | $17.78B | $16.79B | $13.88B |
| Total liabilities | $10.15B | $8.20B | — | — | — | — |
| Equity | — | — | — | — | — | — |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 308.8M | 285.1M | 294.9M | 284.2M | 103.6M | 96.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2017- Operating margin
- 47.4%
- Net margin
- 45.3%
- Return on equity
- —
- Return on assets
- 1.4%
- Return on capital (ROCE)
- 1.6%
- Liabilities / assets
- 46.0%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- 12.2%
- Net income growth (YoY)
- 6.4%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2017- Accruals / assets
- −5.9%clean
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 5 good- Operating margin is positive
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Regulation FD disclosureDec 17, 2018
- Shareholder voteDec 13, 2018
- Results of operationsNov 2, 2018
- Entered a material agreement · Other material eventAug 24, 2018
- Results of operationsAug 2, 2018
- Results of operationsMay 9, 2018
- Other material eventMay 1, 2018
- Other material eventFeb 21, 2018
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.