Spectra Energy Partners, LP
SEP
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Address
- United States of America
- IPO Date
- Jun 27, 2007
- Similar Companies
- Business
- Spectra Energy Partners, LP (SEP) owns and operates an extensive network of pipelines and storage facilities in the United States, focusing on natural gas transmission, natural gas storage, and crude oil storage assets. The company provides approximately 16,000 miles of natural gas transmission pipelines; 170 billion cubic feet of natural gas storage capacity; and 5.6 million barrels of crude oil storage, connecting key supply basins to high-demand markets across North America. Incorporated in 2007 and headquartered in Houston, Texas, with additional offices in the United States and Canada, SEP operates primarily in the midstream energy sector, serving utilities, producers, and industrial customers. In a significant strategic development, Enbridge Inc., through a wholly owned U.S. subsidiary, completed the acquisition of all outstanding public common units of SEP in December 2018 pursuant to a merger agreement dated August 24, 2018, valued at approximately $3.9 billion based on the exchange ratio of 1.111 Enbridge common shares per SEP common unit. This transaction resulted in SEP becoming an indirect, wholly owned subsidiary of Enbridge Inc., with SEP common units delisted from the New York Stock Exchange. No major acquisitions, funding rounds, product launches, or operational reorganizations have been reported for SEP since the 2018 merger.