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Williams Partners LP (WPZ.N)

WPZ.N on New York Stock Exchange

38.54USD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Williams Partners reports qtrly earnings per share $0.24
Wednesday, 15 Feb 2017 04:15pm EST 

Williams Partners LP : Williams Partners reports 2016 financial results . Williams Partners LP qtrly net income per common unit $0.24 . Williams Partners LP - guidance for 2017 is unchanged. . Q4 earnings per share view $0.31 -- Thomson Reuters I/B/E/S .Williams Partners LP - partnership expects to pay $2.40 per common unit for 2017 and is targeting 5 to 7 percent annual growth over next several years.  Full Article

Williams Partners announces process to explore monetization of Geismar Olefins facility
Tuesday, 6 Sep 2016 08:00am EDT 

Williams Partners Lp : Williams Partners announces process to explore monetization of Geismar Olefins facility . Currently holds an approximate 88.5 percent undivided ownership interest in Geismar Olefins plant . Process may result in a sale or a long-term, fee-for-service tolling agreement .If process results in a sale, Williams Partners would expect to use a portion of proceeds to reduce debt.  Full Article

Williams Partners announces distribution reinvestment plan
Friday, 2 Sep 2016 08:30am EDT 

Williams Partners Lp : Williams Partners announces distribution reinvestment plan . Says plan will commence with quarterly distribution for quarter ending Sept. 30, 2016 . Says Williams Companies Inc intends to participate in plan . Says partnership currently intends to satisfy reinvestments under plan by issuing new common units .Units under plan to be priced at average of high,low trading prices for 5 trading days before distribution date, less discount f 2.5 percent.  Full Article

Williams agrees to purchase 6.975 mln common units from Williams Partners in Private Placement
Friday, 26 Aug 2016 08:30am EDT 

Williams Companies Inc : Williams agrees to purchase 6.975 million common units from Williams Partners in private placement . Total purchase price of approximately $250 million. . Williams Partners to use net proceeds from private placement to repay amounts outstanding under partnership's credit facility . Purchase price of $35.84 per Williams Partners common unit .After purchase, ownership interest in Williams Partners, including general partner interest, will remain at about 60 percent.  Full Article

Chesapeake provides preliminary guidance, agrees to exit Barnett shale
Wednesday, 10 Aug 2016 04:15pm EDT 

Chesapeake Energy Corporation: Chesapeake Energy Corporation agrees to exit Barnett shale, asset to be acquired and operated by first reserve, announces renegotiation of mid-contingent gas gathering agreement and provides preliminary 2017 guidance . Sees 2016 total capital expenditures $1,260 million - $1,760 million . Continent gas gathering agreement and provides preliminary 2017 guidance . Chesapeake agrees to terminate gas gathering and downstream agreements in Barnett . Says to make $400 million payment to Williams Partners . Closes on monetization of gas supply contract . Eliminates future Barnett shale midstream and downstream commitments of approximately $1.9 billion . In addition, company announced it has renegotiated its gas gathering agreement with Williams in its mid-continent operating area in exchange for a payment by company of $66 million . By exiting Barnett, expect to increase operating income for remainder of 2016 through 2019 between $200 and $300 million annually . Separately, accelerated value of gas supply contract by selling rights under long-term gas supply agreement for $146 million in cash proceeds . By exiting Barnett expect to eliminate approximately $1.9 billion of total future midstream and downstream commitments . Chesapeake's mid-continent gas gathering costs are expected to be reduced by 36%, effective July 1, 2016.  Full Article

Moody's downgrades Williams Companies to Ba2
Tuesday, 2 Aug 2016 01:20pm EDT 

Moody's : Moody's - Downgrades Williams Companies To Ba2; Affirms Williams Partners' At Baa3 . Downgrade of Williams Companies driven by expectations for weaker credit metrics at parent co level .WPZ's Baa3 rating affirmation reflects partnership's reduced distribution burden.  Full Article

Williams qtrly adjusted earnings per share $ 0.19
Monday, 1 Aug 2016 04:15pm EDT 

Williams Cos Inc : Williams reports strong second quarter 2016 financial results, provides financial update and announces actions to strengthen credit profile and fund fee-based growth portfolio at Williams partners . Planned asset sale on track to close during second half of 2016 . Williams partners expects to implement distribution reinvestment program (drip) . Expects williams partners to maintain quarterly cash distribution of $0.85 per unit in 3q 2016 or $3.40 annualized through 2017 . Quarterly cash dividend reduced to $0.20 per share in 3q 2016 or $0.80 annualized through 2017 with expected increases resuming in 2018 . In 2018, we expect to have twice as much fully-contracted capacity on transco as we did in 2010 . Q2 earnings per share view $0.22 -- Thomson Reuters I/B/E/S . Co, williams partners to finalize deal on sale of canadian business during q3 of 2016, with combined proceeds in excess of $1 billion . Intends to reinvest approximately $1.7 billion into williams partners through 2017, funded by reduced quarterly cash dividend . Qtrly net loss per share $0.54 . Qtrly adjusted earnings per share $ 0.19 .Williams partners plans to access public equity market via williams partners' atm program or other means.  Full Article

Williams Partners sees 2016 net income $0.9 billion
Monday, 1 Aug 2016 04:15pm EDT 

Williams Partners Lp : Williams partners reports strong second quarter 2016 financial results . Planned asset sale on track to close during second half of 2016 . Says planned asset sale on track to close during second half of 2016 . Says expects to implement distribution reinvestment program . Sees 2016 net income $0.9 billion; sees 2016 adjusted ebitda $4.3 billion . Says expects to maintain quarterly cash distribution of $0.85 per unit or $3.40 annualized through 2017 . Says williams intends to reinvest approximately $1.7 billion into williams partners through 2017 . Williams partners lp qtrly gaap loss per unit $0.49 . Sees 2016 growth capital & investment expenditures $1.9 billion .Sees 2017 growth capital & investment expenditures $3.1 billion.  Full Article

Williams extends deadline for nominating candidates
Friday, 15 Jul 2016 04:24pm EDT 

Williams Cos Inc : Williams extends deadline for nominating candidates to stand for election to board of directors . Board extended to close of business on Aug. 25, deadline for stockholders to nominate candidates to stand for election to company's board .Williams is seeking additional director candidates.  Full Article

Williams Partners L.P announces quarterly cash distribution
Tuesday, 26 Apr 2016 05:00pm EDT 

Williams Partners L.P:Says a regular quarterly cash distribution of $0.85 per unit for its common unitholders.The distribution is consistent with the prior quarter.Payable on May 13, 2016, to common unitholders of record at the close of business on May 6, 2016.  Full Article

BRIEF-No major damage identified at Williams Partners’ facilities after Hurricane Harvey

* No major damage identified at Williams Partners’ facilities following Hurricane Harvey