Spectra Energy Partners LP (Spectra Energy Partners LP) COGS-to-Revenue : 0.31 (As of Sep. 2018)

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What is Spectra Energy Partners LP COGS-to-Revenue?

Spectra Energy Partners LP's Cost of Goods Sold for the three months ended in Sep. 2018 was $227 Mil. Its Revenue for the three months ended in Sep. 2018 was $737 Mil.

Spectra Energy Partners LP's COGS to Revenue for the three months ended in Sep. 2018 was 0.31.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Spectra Energy Partners LP's Gross Margin % for the three months ended in Sep. 2018 was 69.20%.

Spectra Energy Partners LP COGS-to-Revenue Historical Data

The historical data trend for Spectra Energy Partners LP's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Spectra Energy Partners LP COGS-to-Revenue Chart

Spectra Energy Partners LP Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

COGS-to-Revenue

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0.31

0.30

0.31

0.32

0.43

Spectra Energy Partners LP Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
COGS-to-Revenue	Get a 7-Day Free Trial															0.28	-	0.39	0.42	0.31

Spectra Energy Partners LP COGS-to-Revenue Calculation

Spectra Energy Partners LP's COGS to Revenue for the fiscal year that ended in Dec. 2017 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	844	/	1950
	=	0.43

Spectra Energy Partners LP's COGS to Revenue for the quarter that ended in Sep. 2018 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	227	/	737
	=	0.31

Spectra Energy Partners LP (NYSE:SEP) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Spectra Energy Partners LP's Gross Margin % for the three months ended in Sep. 2018 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	227 / 737
	=	69.20 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Spectra Energy Partners LP COGS-to-Revenue Related Terms

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Spectra Energy Partners LP (Spectra Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Spectra Energy Partners LP (NYSE:SEP) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.spectraenergypartners.com

Spectra Energy Partners is a master limited partnership that is majority owned by its general partner and corporate parent, Enbridge, a Canadian energy company. SEP owns more than 15,000 miles of natural gas and oil pipelines in the U.S. and Canada. It also owns 170 billion cubic feet of gas storage and 5.6 million barrels of crude oil storage, as well as gas- and oil-gathering facilities.

Executives

Michael G Morris	director	AMERICAN ELECTRIC POWER, 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
J D Woodward	director
William T. Yardley	director, officer: President & Chairman	5400 WESTHEIMER COURT, HOUSTON TX 77056
Nora Mead Brownell	director	C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936
Laura Buss Sayavedra	director, officer: See Remarks	5400 WESTHEIMER COURT, HOUSTON TX 77056
Stephen J Neyland	officer: Vice President-Finance	5400 WESTHEIMER COURT, HOUSTON TX 77056
John K Whelen	director	425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Vernon D Yu	director, officer: Chief Development Officer	425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Allen C Capps	officer: Controller	5400 WESTHEIMER COURT, HOUSTON TX 77056-5310
Gregory L Ebel	director, officer: President & CEO
Fred J Fowler	director	C/O DCP MIDSTREAM, 370 17TH STREET, SUITE 2500, DENVER CO 80202
Julie Dill	director	1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207
Dorothy M Ables	director	5400 WESTHEIMER COURT, HOUSTON TX 77056
Reginald D Hedgebeth	officer: General Counsel	9950 MAYLAND DRIVE, RICHMOND VA 23233
Steven D Arnold	director	5400 WESTHEIMER COURT, HOUSTON TX 77056

Spectra Energy Partners LP (Spectra Energy Partners LP) Headlines

From GuruFocus

Buy Value, Not Momentum

By Roger Conrad Roger Conrad • 02-21-2012

Spectra Energy Partners, LP Acknowledges Enbridge Inc. Offer and Establishes a Conflicts Committee

By PRNewswire PRNewswire • 05-18-2018

Spectra Energy Partners to be Removed from the Alerian Index Series

By PRNewswire PRNewswire • 12-13-2018

Spectra Energy Partners LP Reports Operating Results (10-Q)

By gurufocus 10qk • 11-08-2010

Spectra Energy Partners Does Not Expect a Material Financial Impact as a Result of FERC Revised Policy Statements

By PRNewswire PRNewswire • 03-16-2018

Sabal Trail Transmission, LLC Announces Pricing of $1.5 Billion Debt Offering

By PRNewswire PRNewswire • 04-30-2018

Insider Invests in Spectra Energy Partners

By Jennifer Chiou Jennifer Chiou • 11-08-2016

Spectra Energy Partners, LP Unitholder Consent Solicitation Period to Expire on December 12, 2018

By PRNewswire PRNewswire • 12-07-2018