Spectra Energy Partners Q1 Net Income Rises - Quick Facts

(RTTNews) - Spectra Energy Partners, LP (SEP) reported first-quarter distributable cash flow of $371 million, compared with $354 million in the prior-year quarter. Distributions per limited partner unit were $0.65125, compared with $0.60125 per limited partner unit in first quarter 2015.

Reported net income from controlling interests was $298 million, compared with $293 million, prior year. Ongoing net income from controlling interests was $298 million for the quarter, compared with $302 million in the prior-year quarter.

Operating Revenues increased to $624 million from $606 million, a year ago. Analysts polled by Thomson Reuters expected revenue of $657.59 million, for the quarter.