Quarterly Dividends, Renewed Credit Agreements, Public Offerings, Acquisitions and Financial Results - Research Report on Williams, Plains, ONEOK Partners, Magellan, and Atlas Pipeline
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NEW YORK, August 27, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting The Williams Companies, Inc. (NYSE: WMB), Plains All American Pipeline, L.P. (NYSE: PAA), ONEOK Partners, L.P. (NYSE: OKS), Magellan Midstream Partners, L.P. (NYSE: MMP), and Atlas Pipeline Partners, L.P. (NYSE: APL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
The Williams Companies, Inc. Research Report
On August 21, 2013, The Williams Companies, Inc. (Williams) announced that its Board of Directors has approved a regular dividend of $0.37 on the Company's common stock. Williams reported that the dividend is payable on September 30, 2013, to holders of record at the close of business on September 13, 2013. Williams also informed that the Q3 2013 dividend is 17.2% higher than the year-ago amount and 3.9% higher than the most recent quarterly dividend. Further, the Company expects to continue increasing its full-year shareholders' dividend by 20% annually in each year: 2013, 2014 and 2015, to per-share amounts of $1.44, $1.75, and $2.11, respectively. The Full Research Report on The Williams Companies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3c41_WMB]
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Plains All American Pipeline, L.P. Research Report
On August 19, 2013, Plains All American Pipeline, L.P. (Plains) and PAA Natural Gas Storage (PNG) announced that they have closed the renewal and extension of their principal bank credit facilities. Plains renewed two credit facilities - a $1.6 billion, five-year senior unsecured revolving credit facility and a $1.4 billion, three-year senior secured hedged inventory facility; while PNG extended the maturity of its $550 million, five-year senior unsecured credit facility by one year. Plains also announced that it has established an unsecured commercial paper program on a private placement basis. The Full Research Report on Plains All American Pipeline, L.P. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1894_PAA]
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ONEOK Partners, L.P. Research Report
On August 7, 2013, ONEOK Partners, L.P. (ONEOK Partners) announced that it has priced a public offering of 10 million common units at $49.61 per unit. Additionally, the Company announced that it will contribute $10.5 million to maintain its 2% general partner interest. ONEOK Partners granted the underwriters a 30-day option to purchase up to an additional 1.5 million common units to cover any over-allotments and informed that it intends to use the net proceeds from the offering for general partnership purposes and to repay amounts outstanding under its $1.2 billion commercial paper program. The Full Research Report on ONEOK Partners, L.P. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3bbd_OKS]
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Magellan Midstream Partners, L.P. Research Report
On August 15, 2013, Magellan Midstream Partners, L.P. (Magellan) announced that it has acquired a crude oil pipeline in the Houston area. The Company said that the pipeline has been historically known as the West Columbia line from Shell Pipeline Company, L.P. (Shell), which is approximately 15 miles long, originates at Genoa Junction and terminates at Magellan's crude oil and refined products distribution terminal in East Houston, Texas. Magellan expects the West Columbia pipeline to provide an additional route for crude oil to reach the Company's East Houston terminal for storage or subsequent delivery into Shell's reversed Ho-Ho system. The Full Research Report on Magellan Midstream Partners, L.P. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7660_MMP]
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Atlas Pipeline Partners, L.P. Research Report
On August 5, 2013, Atlas Pipeline Partners, L.P. (Atlas) released its Q2 2013 financial results. The Company reported total revenues of $560.9 million, up 73.1% YoY. Net loss attributable to common limited partners and the General Partner came in at $3.8 million, or $0.11 loss per unit, compared with net income of $73.8 million, or $1.30 earnings per unit, in Q2 2012. In Q2 2013, adjusted EBITDA was $86.3 million, up 75.9% YoY, driven by continued increase in volumes across Atlas' gathering and processing systems. Eugene Dubay, CEO of Atlas commented, "We reported solid results for the second quarter and were pleased to have raised our quarterly distribution more than 10% versus this period last year. Contributing to the increase was the much needed increased liquids takeaway capacity at our WestOK and WestTX systems and the start-up of the Driver plant in West Texas." The Full Research Report on Atlas Pipeline Partners, L.P. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/bc4b_APL]
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