Williams Partners L.P. Raises Per-Unit Cash Distribution to 67.25 Cents for Second-Quarter 2010
TULSA, Okla., July 27 /PRNewswire-FirstCall/ -- Williams Partners L.P. (NYSE: WPZ) announced today that the regular quarterly cash distribution its unitholders receive has been increased to $0.6725 per unit.
The new per-unit amount is a 2-percent increase over the partnership's first-quarter 2010 distribution of $0.6575 per unit and a 6-percent increase over the partnership's second-quarter 2009 distribution of $0.635 per unit.
The board of directors of the partnership's general partner has approved the quarterly cash distribution, which is payable on Aug. 13, 2010, to unitholders of record at the close of business on Aug. 6.
Second-Quarter Financial Results
Williams Partners plans to report its second-quarter 2010 financial results before the market opens on Thursday, July 29.
Management will discuss the second-quarter results and outlook during a live webcast beginning at 11 a.m. EDT the same day. Slides will be available for viewing, downloading and printing at www.williamslp.com on the morning of July 29.
A limited number of phone lines also will be available at (888) 634-7543. International callers should dial (719) 325-2269. Replays of the second-quarter webcast in both streaming and downloadable podcast formats will be available for two weeks following the event at www.williamslp.com.
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=1296&to=ea&s=0 to join our email list.
Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company's annual reports filed with the Securities and Exchange Commission.
MEDIA CONTACT: Jeff Pounds |
INVESTOR CONTACT: Sharna Reingold |
|
SOURCE Williams Partners L.P.
Share this article