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Weak Commodity Prices Dampen Spectra's Earnings in 2012, but $25 Billion in Expansions Planned, an Industrial Info News Alert
By: Marketwired .
Feb. 7, 2013 06:16 AM
SUGAR LAND, TX -- (Marketwire) -- 02/07/13 -- 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.
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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.
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