Market Overview

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

Posted-In: News Guidance


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