Wunderlich Securities Adjusts SEP Estimates

Spectra Energy Partners SEP reported solid results for 1Q11, Wunderlich Securities reports. “We are maintaining our 2011 EBITDA estimate at $112 million and reducing our 2012 EBITDA estimate to $117 million from $120 million,” Wunderlich Securities writes. “We are lowering our 2011 DCF estimate to $208 million from $209 million and our 2012 DCF estimate to $215 million from $219 million.” Spectra Energy Partners closed Wednesday at $33.12.