Weak Commodity Prices Dampen Spectra's Earnings in 2012, but $25 Billion in Expansions Planned
Posted on February 07, 2013 at 02:51 AM EST
SUGAR LAND--February 7, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--Natural gas production , transmission and storage company Spectra Energy Corporation (NYSE:SE) (Houston, Texas) saw its earnings depleted by lower commodity prices in fourth-quarter and full-year 2012, despite a strong performance from fee-based businesses. Executives announced that the company is targeting $25 billion in capital expansion investments through the end of the decade. Industrial Info is tracking $9.16 billion in active projects involving Spectra. Other companies featured: DCP Midstream Partners LP (NYSE:DPM) , Phillips 66 (NYSE:PSX)