Spectra Energy Announces 2012 EPS Target of $1.90 vs $1.86 Est
Spectra Energy Corp (NYSE: SE) today announced its board of directors has approved the company's financial plan for 2012, which includes the following:
Ongoing diluted earnings per share target of $1.90, approximately 15 percent above 2011 target of $1.65.
Annual dividend of $1.12, consistent with previously announced 7.7 percent increase.
Investment of approximately $1.3 billion in expansion capital.
Key assumptions underlying Spectra Energy's 2012 financial plan include:
Composite natural gas liquids (NGL) - $1.25 per gallon
Natural gas - $4 per million British thermal units
Oil - $100 per barrel
Canadian/U.S. dollar exchange rate - $1.00
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