Last $43.85 USD
Change Today -0.15 / -0.34%
Volume 2.5M
WPZ On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

williams partners lp (WPZ) Snapshot

Open
$44.00
Previous Close
$44.00
Day High
$44.49
Day Low
$43.26
52 Week High
06/16/14 - $57.29
52 Week Low
12/16/14 - $40.48
Market Cap
19.3B
Average Volume 10 Days
1.9M
EPS TTM
$1.30
Shares Outstanding
439.7M
EX-Date
10/29/14
P/E TM
33.7x
Dividend
$3.71
Dividend Yield
8.27%
Current Stock Chart for WILLIAMS PARTNERS LP (WPZ)

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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., Northwest Pipeline LLC and Transcontinental Gas Pipe Line Company, LLC Enter into Amendment No.1 and Consent to the First Amended & Restated Credit Agreement

On December 1, 2014, Williams Partners L.P., Northwest Pipeline LLC and Transcontinental Gas Pipe Line Company, LLC (together the Borrowers) entered into Amendment No.1 and Consent to the First Amended & Restated Credit Agreement, dated as of July 31, 2013, by and among the Borrowers, the lenders named therein and Citibank N.A., as administrative agent. Each of the Borrowers and Access Midstream Partners, L.P. (ACMP) is indirect subsidiary of The Williams Companies Inc. The Amendment, among other things, provides the consent of the lenders holding a majority of lending commitments (the "Required Lenders") under the Credit Agreement to the continuation of the Credit Agreement as the credit facility for ACMP upon consummation of the merger of the Partnership with and into ACMP (the "Merger") and the termination of ACMPs existing credit agreement. The Amendment further provides the consent of the required Lenders that certain existing liens and guarantees of indebtedness of ACMP that are terminated in connection with the Merger shall not constitute liens and guarantees of indebtedness under the Credit Agreement. The Amendment further provides the consent of the Required Lenders that the Merger shall constitute a "Specified Acquisition" under the Credit Agreement, meaning that the Credit Agreement will prohibit the ratio of debt to EBITDA of ACMP at end of the fiscal quarter following the Merger, and at the end of the two fiscal quarters immediately thereafter, to exceed 5.50 to 1.00. In addition, the Amendment amends, upon consummation of the Merger and delivery by ACMP of an acknowledgment of its obligations under the Credit Agreement, the definition of "Partnership Agreement" to mean the limited partnership agreement of ACMP, and the definition of "Senior Notes" to mean all material indebtedness with an aggregate principal amount in excess of $100,000,000 issued by ACMP (including all such indebtedness issued by the Partnership prior to the Merger).

Williams Partners L.P to Commence Expanded Geismar Plant

Williams Partners L.P expanded Geismar plant is finally in the last stages of commissioning. It expects sales of ethylene produced at the plant to begin in December. The Geismar plant's capacity is now 1.95 billion pounds of ethylene per year.

Williams Partners' Geismar Plant in Final Stages of Commissioning

Williams Partners L.P. announced its expanded Geismar plant is in the final stages of commissioning and now expects ethylene production for sale to begin in December. Capacity at the Geismar plant is now 1.95 billion pounds of ethylene per year. Williams Partners' share of the total capacity of the expanded plant is approximately 1.7 billion pounds per year. Williams owns controlling interest and is the general partner of Williams Partners.

 

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WPZ

Industry Average

Valuation WPZ Industry Range
Price/Earnings 25.8x
Price/Sales 3.0x
Price/Book 1.9x
Price/Cash Flow 10.9x
TEV/Sales 1.0x
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