Williams Partners L.P. Raises Per-Unit Cash Distribution to 65.75 Cents for First-Quarter 2010

TULSA, Okla., April 22 /PRNewswire-FirstCall/ -- Williams Partners L.P. (NYSE: WPZ) announced today that the regular quarterly cash distribution its unitholders receive has been increased to $0.6575 per unit.

The new per-unit amount is a 3.5-percent increase over the partnership's fourth-quarter 2009 distribution of $0.635 per unit.  This marks the initial distribution increase as a result of the asset contribution transactions with Williams (NYSE: WMB) that were completed earlier this year.  Please see the partnership's Jan. 19 and Feb. 17 news releases for details.

The board of directors of the partnership's general partner has approved the quarterly cash distribution, which is payable on May 14, 2010, to unitholders of record at the close of business on May 7.

First-Quarter Financial Results

Williams Partners plans to report its first-quarter 2010 financial results before the market opens on Wednesday, May 5.

Management will discuss the results during a live webcast beginning at 11 a.m. EDT the same day. Participants are encouraged to access the webcast at www.williamslp.com. Slides will be available for viewing, downloading and printing on the morning of May 5.

A limited number of phone lines also will be available at (888) 417-8531. International callers should dial (719) 325-2101. Replays of the first-quarter webcast, in both streaming and downloadable podcast formats, will be available for two weeks at www.williamslp.com following the event.

About Williams Partners L.P. (NYSE: WPZ)

Williams Partners L.P. is a leading diversified master limited partnership focused on natural gas transportation; gathering, treating, and processing; storage; natural gas liquid (NGL) fractionation; and oil transportation.  The partnership owns interests in three major interstate natural gas pipelines that, combined, deliver 12 percent of the natural gas consumed in the United States. The partnership's gathering and processing assets include large-scale operations in the U.S. Rocky Mountains and both onshore and offshore along the Gulf of Mexico.   Williams (NYSE: WMB) owns approximately 84 percent of Williams Partners, including the general-partner interest.  More information is available at www.williamslp.com. Go to http://www.b2i.us/irpass.asp?BzID=1296&to=ea&s=0 or http://www.b2i.us/irpass.asp?BzID=630&to=ea&s=0 to join our e-mail list.

This press release may include "forward-looking statements" as defined by federal law.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Partnership based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership, which may cause our actual results to differ materially from those implied or expressed by the forward-looking statements.  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.

SOURCE Williams Partners L.P.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED