Spectra Energy Corp. SE, through its subsidiaries and equity affiliates, engages in the ownership and operation of a portfolio of complementary natural gas-related energy assets. The company operates in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. The company also has 50% ownership in DCP Midstream, one of the largest natural gas gatherers and processors in the U.S.Currently, Spectra Energy has a Zacks Rank #3 (Hold) but that could change following its first quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below: Earnings: Spectra Energy’s earnings missed the estimates. Earnings per share from continuing operations (excluding special items) came in at 35 cents missed the Zacks Consensus Estimate of 38 cents. Revenue: Revenues of $1,384 million came below the Zacks Consensus Estimate of $1,568 million.Key Stats: Of the business segments, Spectra Energy Partners posted EBITDA of $473 million compared with $464 million in the year-ago period. Distribution reported EBITDA of $170 million, compared with $192 million in first quarter 2015. Western Canada Transmission & Processing reported EBITDA of $123 million, compared with $161 million in the year-ago quarter. EBITDA from Field Services was $10 million compared with loss of $14 million in the first quarter 2015.Check back later for our full write up on this Spectra Energy earnings report later! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPECTRA ENERGY (SE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research