Key Developments: Spectra Energy Corp (SE.N)

SE.N on New York Stock Exchange

35.88USD
11:42am EDT
Price Change (% chg)

$-0.54 (-1.48%)
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$36.42
Open
$36.32
Day's High
$36.34
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$35.84
Volume
297,745
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907,463
52-wk High
$37.10
52-wk Low
$26.55

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Latest Key Developments (Source: Significant Developments)

Spectra Energy Corp Announces Quarterly Dividend of $0.305 per Share
Monday, 8 Jul 2013 04:23pm EDT 

Spectra Energy Corp announced that it has declared a quarterly cash dividend on its common stock of $0.305 per share. The dividend is payable on September 9, 2013 to shareholders of record at the close of business on August 9, 2013.  Full Article

Spectra Energy Corp Declares Quarterly Cash Dividend
Tuesday, 30 Apr 2013 08:45am EDT 

Spectra Energy Corp announced that it has declared a quarterly cash dividend on common stock of $0.305 per share. The dividend is payable on June 10, 2013, to shareholders of record at the close of business on May 10, 2013.  Full Article

Spectra Energy Corp Acquires Express-Platte Pipeline System
Thursday, 14 Mar 2013 04:05pm EDT 

Spectra Energy Corp announced it has closed its previously announced acquisition of the Express-Platte Pipeline System, purchasing 100% interest in the 1,717-mile, crude oil system for $1.49 billion.  Full Article

Spectra Energy Corp Reaffirms FY 2013 EPS Guidance Below Analysts' Estimates-Conference Call
Wednesday, 6 Feb 2013 09:30am EST 

Spectra Energy Corp announced that for fiscal 2013, it expects diluted EPS target at $1.50. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.51 for fiscal 2013.  Full Article

Spectra Energy Corp Issues FY 2013 EPS Guidance Below Analysts' Estimates; Lowers FY 2012 EPS Guidance-Conference Call
Wednesday, 16 Jan 2013 08:30am EST 

Spectra Energy Corp announced that for fiscal 2013, it expects diluted EPS target at $1.50 compared to fiscal 2012 EPS which the Company expect to report in a low $1.40s range. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.63 for fiscal 2013; EPS of $1.48 for fiscal 2012.  Full Article

Spectra Energy Corp Announces Annual Dividend
Wednesday, 16 Jan 2013 08:00am EST 

Spectra Energy Corp announced an annual dividend of $1.22, consistent with previously announced $0.10 increase.  Full Article

Spectra Energy Corp Announces Quarterly Dividend Of $0.305 Per Share
Friday, 4 Jan 2013 08:45am EST 

Spectra Energy Corp announced that it has declared a quarterly cash dividend on its common stock of $0.305 per share. The dividend is payable on March 11, 2013 to shareholders of record at the close of business on February 15, 2013 .  Full Article

Spectra Energy Corp Announces Closing Of Common Stock Public Offering And Exercise In Full Of Underwriters' Option
Monday, 17 Dec 2012 05:19pm EST 

Spectra Energy Corp announced that its previously announced public offering of 12,800,000 shares of its common stock priced at $26.75 per share has closed. In addition, the underwriters elected to exercise in full their option to acquire an additional 1,920,000 shares of the Company's common stock. The Company intends to use the net proceeds from the offering to fund acquisitions, capital expenditures and for other general corporate purposes, which may include funding a portion of the purchase price for the Express-Platte Pipeline System. Pending the use of proceeds for such purposes, the Company expects to use the net proceeds to repay commercial paper as it matures or invest them temporarily in short-term marketable securities. BofA Merrill Lynch, Barclays and UBS Investment Bank acted as joint book-running managers for the offering. Citi and J.P. Morgan acted as co-managers for the offering.  Full Article

Spectra Energy Corp Announces Pricing of Public Offering of Common Stock
Tuesday, 11 Dec 2012 07:34pm EST 

Spectra Energy Corp announced that its public offering of 12,800,000 shares of its common stock was priced at $26.75 per share to the public. The Company expects the delivery of the shares to occur on December 17, 2012. In addition, the underwriters have a 30 day option to purchase up to 1,920,000 additional shares of the Company's common stock. Assuming no exercise of the option to purchase additional shares, Spectra Energy expects to receive net proceeds from the offering of approximately $331,628,000, after deducting the underwriting discount and estimated offering expenses payable by the company. The company intends to use the net proceeds from the offering to fund acquisitions, capital expenditures and for other general corporate purposes, which may include funding a portion of the purchase price for the Express-Platte Pipeline System. Pending the use of proceeds for such purposes, the company expects to use the net proceeds to repay commercial paper as they mature or invest them temporarily in short-term marketable securities. BofA Merrill Lynch, Barclays and UBS Investment Bank acted as joint book-running managers for the offering. Citi and J.P. Morgan acted as co-managers for the offering.  Full Article

Spectra Energy Corp To Acquire Express-Platte Pipeline System
Tuesday, 11 Dec 2012 06:13am EST 

Spectra Energy Corp announced that it has entered into a definitive agreement to purchase 100% of the ownership interests in the Express-Platte Pipeline System from Borealis Infrastructure, the Ontario Teachers' Pension Plan and Kinder Morgan Energy Partners for $1.49 billion, consisting of $1.25 billion cash and $240 million of acquired debt. The 1,717-mile Express-Platte Pipeline System, which begins in Hardisty, Alberta, and terminates in Wood River, Illinois, is comprised of both the Express and Platte crude oil pipelines. The transaction is expected to close during the first half of 2013.  Full Article

Spectra-NextEra JV wins $3 billion Florida natgas pipeline contract

- Spectra Energy Corp said its joint venture with NextEra Energy Inc will construct a $3 billion gas pipeline to fuel the rising demand for power generation in Florida.

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