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