Last $53.01 USD
Change Today +0.44 / 0.84%
Volume 791.1K
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

williams partners lp (WPZ) Snapshot

Open
$52.48
Previous Close
$52.57
Day High
$53.22
Day Low
$52.48
52 Week High
06/16/14 - $57.29
52 Week Low
02/24/14 - $47.59
Market Cap
23.3B
Average Volume 10 Days
698.2K
EPS TTM
$1.69
Shares Outstanding
438.6M
EX-Date
07/30/14
P/E TM
31.3x
Dividend
$3.67
Dividend Yield
6.78%
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. is 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. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014

Williams Partners L.P. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States.

Williams Partners Mulls Acquisitions

Williams Partners L.P. (NYSE:WPZ) is considering acquisitions. Alan Armstrong, Chief Executive Officer of Williams Partners, said, "Consistent with our strategy, we’ve contracted and added to guidance two additional Transco expansions to our roster of projects under construction or in regulatory review while we continue to evaluate a robust level of both new business and acquisition activity."

Williams Partners L.P. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014, 2015 and 2016

Williams Partners L.P. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income attributable to controlling interests of $232 million or $0.11 per common limited-partner unit compared with net income of $271 million, or $0.31 per common limited-partner unit for second-quarter 2013. The decrease in second-quarter net income was primarily due to the ongoing effects of the June 13, 2013 Geismar incident, which resulted in $90 million lower olefin margins partially offset by the receipt of $50 million of related insurance recoveries. For the six months, the company reported net income attributable to controlling interests of $232 million, or $0.11 per common limited-partner unit compared with net income of $271 million or $0.31 per common limited-partner unit for second-quarter 2013. Prior-period results throughout this release have been recast to include the results of the Canadian asset dropdown in February 2014. For the year 2014, the company is lowering its earnings and cash flow guidance and revising its capital spending guidance for 2014 as a result of delays in Geismar's expected in-service date. Consolidated earnings, cash flow and capital expenditures guidance for 2015 and 2016 are unchanged.

 

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Industry Analysis

WPZ

Industry Average

Valuation WPZ Industry Range
Price/Earnings 24.6x
Price/Sales 3.6x
Price/Book 2.2x
Price/Cash Flow 12.8x
TEV/Sales 1.6x
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