Company profile

Future of Spectra Energy

#
Rank
136
| Quantumrun Global 1000

Spectra Energy Corp, headquartered in Houston, Texas, conducts business activities in 3 key areas of the natural gas industry: distribution, gathering and processing, and transmission and storage. Spectra was established in late 2006 from the spin-off from Duke Energy. Spectra has acquired the Texas Eastern Pipeline (TETCo), a significant natural gas pipeline which transports gas from the Gulf of Mexico coast in Texas to the New York City area. It is one of the biggest pipeline systems in the America. Spectra also operates 3 oil pipelines.

Home Country:
Sector:
Industry:
Pipelines
Founded:
2006
Global employee count:
6000
Domestic employee count:
Number of domestic locations:
1

Financial Health

Revenue:
$34560000000 CAD
3y average revenue:
$35331666667 CAD
Operating expenses:
$6600000000 CAD
3y average expenses:
$5878000000 CAD
Funds in reserve:
$2117000000 CAD
Market country
Revenue from country
0.97

Asset Performance

  1. Product/Service/Dept. name
    Transportation, storage and processing of natural gas
    Product/Service revenue
    3225000000
  2. Product/Service/Dept. name
    Distribution of natural gas
    Product/Service revenue
    1320000000
  3. Product/Service/Dept. name
    Transportaion of crude oil
    Product/Service revenue
    357000000

Innovation assets and Pipeline

Total patents held:
2

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the energy sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the most obvious disruptive trend is the shrinking cost and increasing energy generating capacity of renewable sources of electricity, such as wind, tidal, geothermal and (especially) solar. The economics of renewables are advancing at such a rate that further investments into more traditional sources of electricity, such as coal, gas, petroleum, and nuclear, are becoming less competitive in many parts of the world.

*Concurrent with the growth of renewables is the shrinking cost and increasing energy storing capacity of utility-scale batteries that can store electricity from renewables (like solar) during the day for release during the evening.

*The energy infrastructure in much of North America and Europe is decades old and is currently in the two-decade-long process of being rebuilt and reimagined. This will result in the installation of smart grids that are more stable and resilient, and will spur the development of a more efficient and decentralized energy grid in many parts of the world.

*The growing cultural awareness and acceptance of climate change is accelerating the public's demand for clean energy, and ultimately, their government's investment into cleantech infrastructure projects.

*As Africa, Asia, and South America continue to develop over the next two decades, their populations’ increasing demand first world living conditions will spur demand for modern energy infrastructure that will keep energy sector building contracts going strong into the foreseeable future.

*Significant breakthroughs in Thorium and fusion energy will be made by the mid-2030s, leading to their rapid commercialization and global adoption.

COMPANY’S FUTURE PROSPECTS

Company Headlines