Natural gas and oil pipeline company Spectra Energy Corp.'s (SE) first-quarter net income from controlling interests improved to $340 million, from $333 million, in the prior-year quarter. On a per share basis, earnings for the recent quarter remained flat at $0.51. On average, 10 analysts polled by Thomson Reuters expected earnings per share of $0.48 for the quarter. Analysts' estimates typically exclude one-time items.
For the three-month period, operating revenues were $1.59 billion, up from last year's $1.54 billion, and beat consensus estimates of $1.55 billion for the quarter.
Currently, the company is executing on more than $6 billion of expansion projects. In the U.S., the NJ-NY Expansion Project is over 70 percent complete and is on track to enter service in late 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.