The table below reconciles forecasted EBITDA, Adjusted EBITDA and cash available for distribution
to forecasted net income for the twelve months ending December 31, 2012.
We believe cash available for distribution
is useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of our ability to make our minimum quarterly distribution.
This press release and the accompanying financial schedules include the non-generally accepted accounting principles ("non-GAAP") financial measures of adjusted EBITDA, cash available for distribution
, adjusted segment margin, and adjusted total segment margin, which are key measures of the Partnership's financial performance.
para]] CASH AVAILABLE FOR DISTRIBUTION
The following table reconciles Adjusted EBITDA to cash available for distribution
for the three months ended December 31, 2014 and 2013, respectively:
Adjustments to reconcile Adjusted EBITDA to cash available for distribution
before special expenses:
This press release and accompanying schedules include the non-generally accepted accounting principle ("non-GAAP") financial measure of Cash Available for Distribution
6, 2013 /PRNewswire/ -- Spectra Energy Partners, LP (NYSE:SEP) today reported second quarter 2013 cash available for distribution
This includes: (i) Cash Available for Distribution
and (ii) CAD Payout Ratio.
Spectra Energy Partners, LP (NYSE:SEP) today reported first quarter 2013 cash available for distribution
Additionally, in deriving cash available for distribution
for the first quarter, we made an adjustment for the termination fee paid in consideration for two contracts, which the Partnership terminated, in connection with its initial public offering.
The preliminary financial results for the three months ended March 31, 2013 presented below, and utilized for the determination of cash available for distribution
, are forward-looking statements based on preliminary estimates.
Prorated cash available for distribution
for the period following the closing of the initial public offering through December 31, 2012 ("Post IPO Period") totaled $35.
Enterprise GP Holdings' cash available for distribution
with respect to the second quarter of 2006 was $28.
2013 outlook for cash available for distribution
-- $239 million