Spectra Energy Partners, LP announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported operating revenues of $737 million against $693 million a year ago. Operating income was $367 million against $374 million a year ago. Earnings before income taxes were $380 million against $475 million a year ago. Net income was $377 million against $471 million a year ago. EBITDA was $556 million against $635 million a year ago. Total distributable cash flow was $359 million against $363 million a year ago. Net Income - Controlling Interests was $366 million against $460 million a year ago.

For the nine months, the company reported operating revenues of $2,242 million against $2,088 million a year ago. Operating income was $1,195 million against $1,049 million a year ago. Earnings before income taxes were $1,201 million against $1,206 million a year ago. Net income was $1,186 million against $1,192 million a year ago. EBITDA was $1,722 million against $1,653 million a year ago. Total distributable cash flow was $1,210 million against $1,060 million a year ago. Total capital spending for the nine months ended September 30, 2018, was $1.2 billion against $1.81 billion a year ago, consisting of $1.1 billion of growth capital expenditures and $145 million of maintenance capital expenditures. Net Income - Controlling Interests was $1,154 million against $1,105 million a year ago.

SEP placed the NEXUS and TEAL projects into service in early October and volumes will continue to ramp up in the fourth quarter. The combined projects totaling $1.5 billion represent the successful culmination of more than four years of working with many stakeholders to provide natural gas to markets in Ohio, Michigan and Ontario. Company continue to advance the second stage of Atlantic Bridge, with its full capacity targeted for commercial availability in the fourth quarter 2018, which will add much needed capacity to the New England region. Additionally, the South Texas Expansion Project (STEP) and the Pomelo Connector are both on track for an in-service date in the fourth quarter 2018. The projects provide an important link in SEP's South Texas infrastructure, supporting reliable gas transportation for exports to serve Mexico's growing natural gas demand.