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Last $41.56 USD
Change Today -0.06 / -0.14%
Volume 996.3K
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

williams partners lp (WPZ) Snapshot

Open
$41.16
Previous Close
$41.62
Day High
$41.72
Day Low
$40.91
52 Week High
11/21/14 - $62.92
52 Week Low
08/24/15 - $35.26
Market Cap
25.0B
Average Volume 10 Days
2.2M
EPS TTM
$0.86
Shares Outstanding
586.7M
EX-Date
08/4/15
P/E TM
48.5x
Dividend
$3.40
Dividend Yield
7.53%
Current Stock Chart for WILLIAMS PARTNERS LP (WPZ)

williams partners lp (WPZ) Related Businessweek News

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williams partners lp (WPZ) Details

Williams Partners L.P., an energy infrastructure company, focuses on connecting North America’s hydrocarbon resource plays to growing markets for natural gas and natural gas liquids (NGL). It operates in Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services segments. The Northeast G&P segment includes midstream gathering and processing businesses in the Marcellus and Utica shale regions; and a 51 percent equity investment in Laurel Mountain Midstream, LLC, as well as a 47.5 percent equity investment in Caiman Energy II, LLC. The Atlantic-Gulf segment is engaged in the interstate natural gas pipeline, natural gas gathering and processing, and crude oil production handling and transportation activities in the Gulf Coast region; and equity investment activities. The West segment is involved in gathering, processing, and treating operations in New Mexico, Colorado, and Wyoming, as well as the operation of interstate natural gas pipeline. The NGL & Petchem Services segment operates NGL and natural gas marketing businesses, as well as an NGL fractionator and storage facilities; and invests in pipelines, an olefins production facility, and a refinery grade propylene splitter and pipelines in the Gulf Coast region. Williams Partners GP LLC serves as the general partner of the company. The company was founded in 2005 and is based in Tulsa, Oklahoma. Williams Partners L.P. operates as a subsidiary of Williams Companies, Inc.

Founded in 2005

williams partners lp (WPZ) Top Compensated Officers

Chairman of Williams Partners GP LLC and Chie...
Total Annual Compensation: $961.5K
Chief Financial Officer of Williams Partners ...
Total Annual Compensation: $602.3K
Senior Vice President - Atlantic-Gulf of Will...
Total Annual Compensation: $452.7K
Senior Vice President of Corporate Strategic ...
Total Annual Compensation: $400.0K
Senior Vice President of Northeast Gathering ...
Total Annual Compensation: $366.3K
Compensation as of Fiscal Year 2013.

williams partners lp (WPZ) Key Developments

Williams Partners L.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Williams Partners L.P. reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s net income attributable to common units was $83 million compared to $47 million for the same quarter ended June 30, 2014. For the six months, the company’s net loss attributable to common units was $89 million compared to a net income attributable to common units of $205 million for the same period ended June 30, 2014.

Williams Partners L.P. Reaffirms Dividend for the Third Quarter of 2015

Williams Partners L.P. is reaffirming dividend of $0.64 per share in third quarter of 2015 or $2.56 annualized and also dividend of $2.85 in 2016, with 10% to 15% annual dividend growth coming through 2020.

Williams Partners L.P. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Williams Partners L.P. reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported adjusted EBITDA of $1.01 billion, a $291 million, or 41%, increase from second quarter 2014. The increase in adjusted EBITDA for second quarter 2015 is due to increases of $345 million from Access Midstream as a result of the merger, $119 million from the Atlantic-Gulf segment and $16 million from the Northeast G&P segment. Net income was $332 million against $223 million a year ago. Net income attributable to controlling interests was $300 million compared with $221 million in second quarter 2014. The increase in second quarter net income was due to new fee revenues from growth projects, including Gulfstar One and Transco expansion projects, increased insurance recoveries associated with the Geismar incident and increased olefins margins from the Geismar plant’s return to service. These increases were partially offset by increased operating expenses and depreciation, lower NGL margins driven by lower prices and higher interest expense resulting from new debt issuances. Total modified EBITDA was $1,053 million against $596 million a year ago. Total revenues were $1,830 million compared to $1,616 million a year ago. Operating income was $410 million compared to $315 million a year ago. Income before income taxes was $332 million compared to $228 million a year ago. Diluted earnings per common unit were $0.14 compared to $0.13 a year ago. Capital expenditures were $715 million compared to $943 million a year ago. Increases to property, plant, and equipment were $731 million compared to $867 million a year ago. For the year to date, the company reported net income of $389 million, compared with $573 million year-to-date 2014. The year-to-date decrease in net income was driven primarily by the same factors described above, except that year-to-date Geismar insurance recoveries were lower in the current year. Adjusted EBITDA was $1.93 billion compared to $1.485 billion, a $440 million, or 30%, increase from the same period last year. The year-to-date increase in adjusted EBITDA was driven primarily by the same factors that drove the quarterly results for adjusted EBITDA.

 

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