A14NDQ Williams Partners L.P.

Williams Partners Announces Quarterly Cash Distribution

Williams Partners L.P. (NYSE: WPZ) today announced a regular quarterly cash distribution of $0.60 per unit for its common unitholders. The distribution is consistent with the previous quarter.

The board of directors of the partnership's general partner has approved the quarterly cash distribution, which is payable on Feb. 9, 2018, to common unitholders of record at the close of business on Feb. 2, 2018.

About Williams Partners

Williams Partners is an industry-leading, large-cap natural gas infrastructure master limited partnership with a strong growth outlook and major positions in key U.S. supply basins. Williams Partners has operations across the natural gas value chain including gathering, processing and interstate transportation of natural gas and natural gas liquids. Williams Partners owns and operates more than 33,000 miles of pipelines system wide – including the nation’s largest volume and fastest growing pipeline – providing natural gas for clean-power generation, heating and industrial use. Williams Partners’ operations touch approximately 30 percent of U.S. natural gas. Tulsa, Okla.-based Williams (NYSE: WMB), a premier provider of large-scale U.S. natural gas infrastructure, owns approximately 74 percent of Williams Partners.

Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the partnership believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Additional information about issues that could lead to material changes in performance is contained in the partnership’s annual and quarterly reports filed with the Securities and Exchange Commission.

This announcement is intended to be a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b)(4) and (d). All of the partnership’s distributions are attributable to operations effectively connected with a U.S. trade or business and, as a result, distributions to foreign investors are fully subject to federal income tax withholding under U.S. law at the highest applicable effective tax rate. Nominees, and not Williams Partners L.P., are treated as withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

EN
22/01/2018

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Reports on Williams Partners L.P.

Stephen Ellis
  • Stephen Ellis

Morningstar | Williams Reports Decent Quarter; Ups Capital Expenditure...

Williams reported a decent quarter, reflective of its steady progress toward executing on a profitable list of pipeline and gathering and processing investments. We plan to maintain our fair value estimates and narrow moat ratings ahead of the shareholder meeting on Aug. 9 where we expect the merger of Williams and Williams Partners to be approved and close shortly thereafter. Adjusted EBITDA of $1.1 billion was up about 6% from last year's results excluding asset sales already completed, driven...

Stephen Ellis
  • Stephen Ellis

Williams Reports Decent Quarter; Ups Capital Expenditure Guidance Due ...

Williams reported a decent quarter, reflective of its steady progress toward executing on a profitable list of pipeline and gathering and processing investments. We plan to maintain our fair value estimates and narrow moat ratings ahead of the shareholder meeting on Aug. 9 where we expect the merger of Williams and Williams Partners to be approved and close shortly thereafter. Adjusted EBITDA of $1.1 billion was up about 6% from last year's results excluding asset sales already completed, driven...

Stephen Ellis
  • Stephen Ellis

Morningstar | Williams Acquires DJ Basin Assets With Substantial Upsid...

We think Williams' portfolio repositioning is generally intelligent capital allocation, and garnering a foothold in the more attractive DJ Basin is a plus, in our view. Williams has acquired $1.2 billion of DJ Basin assets as part of a joint venture with KKR from TPG, while selling its Four Corners assets (San Juan and other New Mexico assets) for $1.1 billion to Harvest. We plan to maintain our fair value estimates and narrow moat ratings for the Williams entities as the transactions are too sm...

Stephen Ellis
  • Stephen Ellis

Williams Acquires DJ Basin Assets With Substantial Upside; FVE Unchang...

We think Williams' portfolio repositioning is generally intelligent capital allocation, and garnering a foothold in the more attractive DJ Basin is a plus, in our view. Williams has acquired $1.2 billion of DJ Basin assets as part of a joint venture with KKR from TPG, while selling its Four Corners assets (San Juan and other New Mexico assets) for $1.1 billion to Harvest. We plan to maintain our fair value estimates and narrow moat ratings for the Williams entities as the transactions are too sm...

Stephen Ellis
  • Stephen Ellis

Morningstar | FERC Provides Relief for Interstate Natural Gas Pipeline...

The Federal Energy Regulatory Commission, or FERC, has now finalized its March proposal to incorporate the recent tax cuts enacted as well as the disallowance of a recovery of income taxes under a cost-of-service rate methodology for interstate natural gas pipelines. In response to substantial industry objections, FERC has softened the rulemaking effort considerably, in our view, while also providing the industry and investors with substantial clarity around the regulatory path forward, reducing...

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