Williams Partners LP (WPZ) PT Raised to $39 at UBS

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Williams Partners Reports Strong Second Quarter 2016 Financial Results

August 1, 2016 4:15 PM EDT

Expects to Maintain Current Cash Distribution Level Through 2017

Provides Financial Update and Announces Actions to Strengthen Credit Profile and Fund Fee-based Growth Portfolio

Cash Flow from Operations is $741 Million for 2Q 2016; $1.665 Billion Year-to-Date, Up Approximately 12% over First Half 2015 Continued Strong Financial Performance; Significant Cost Reductions Achieved in 2Q Expects to Maintain Quarterly Cash Distribution of $0.85 per Unit or $3.40 Annualized through 2017 Expects to Implement Distribution Reinvestment Program (DRIP) Williams Intends to Reinvest Approximately $1.7 Billion into Williams... More

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

August 1, 2016 4:15 PM EDT

Cash Flow from Operations is $685 Million for 2Q 2016; $1.464 Billion for Year-to-Date Continued Strong Financial Performance; Significant Cost Reductions Achieved in 2Q Expects Williams Partners to Maintain Quarterly Cash Distribution of $0.85 per Unit in 3Q 2016 or $3.40 Annualized through 2017 Williams Partners Expects to Implement Distribution Reinvestment Program (DRIP) Williams Intends to Reinvest Approximately $1.7 Billion into Williams Partners through 2017, Funded by Reduced Quarterly Cash Dividend Quarterly Cash Dividend at Williams Reduced to $0.20 per Share in 3Q 2016 or $0.80 Annualized through 2017... More