Spectra Energy Partners Q3 Profit Rises - Quick Facts

(RTTNews) - Spectra Energy Partners, LP (SEP), an investment arm of Spectra Energy Corp. (SE), Wednesday reported a rise in its third-quarter net earnings to $271 million from $176 million last year.

Operating income grew to $280 million from $234 million last year.

Operating Revenues increased to $558 million from $494 million a year ago.

Prior-year results have been recast to include the U.S. Assets Dropdown as of January 1, 2013 and Express-Platte as of March 14, 2013.

Greg Ebel, chief executive officer of the company said: "Spectra Energy Partners continues to deliver strong financial results driven by increased earnings from expansion projects and solid performance of the Express and Platte pipelines."