We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Williams Partners, L.P. Common Units Representing Limited Partner Interests (delisted) | NYSE:WPZ | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 47.37 | 0 | 01:00:00 |
By Tess Stynes
Williams Cos.' (WMB) third-quarter earnings fell 7.1% and affiliate Williams Partners LP's (WPZ) third-quarter earnings dropped 3.8% on lower olefin margins that resulted from lost production at Williams Partners' Geismar olefins plant.
Williams gathers and transports natural gas, and owns most of its namesake master limited partnership, Williams Partners.
The company has been investing to take advantage of production opportunities in the Marcellus and Utica shale plays, including a project unveiled in March to develop a pipeline in the region with Boardwalk Pipeline Partners L.P. (BWP). More recently Williams and Boardwalk Pipeline reached a joint venture agreement to develop a liquefied petroleum gas export facility in the Lake Charles, La. area. If completed the terminal would support the export of propane and butane, which are among the component products of natural-gas liquids.
Williams reported a profit of $141 million, or 20 cents a share, down from $155 million, or 25 cents a share, a year earlier. Adjusted earnings from continuing operations were 19 cents.
Analysts polled by Thomson Reuters recently expected per-share profit of 16 cents.
Williams Partners reported a profit of $279 million, or 52 cents a unit, down from $290 million, or 38 cents a unit, a year earlier. Analysts polled by Thomson Reuters recently expected per-unit profit of 28 cents.
Fee based revenue increased 9.3% to $720 million. The company estimated that downtime at the olefins plans lowered results by roughly $79 million.
Williams shares were up 25 cents at $37.20 in recent after-hours trading. Williams Partners' units were up 18 cents at $52.99 after hours.
Write to Tess Stynes at tess.stynes@wsj.com
Order free Annual Report for The Williams Cos., Inc.
Visit http://djnweurope.ar.wilink.com/?ticker=US9694571004 or call +44 (0)208 391 6028
Order free Annual Report for Williams Partners LP
Visit http://djnweurope.ar.wilink.com/?ticker=US96950F1049 or call +44 (0)208 391 6028
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Williams Partners Chart |
1 Month Williams Partners Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions