Williams Partners Raises Per-Unit Cash Distribution to 73.25 Cents for Second-Quarter 2011

TULSA, Okla., July 25, 2011 /PRNewswire/ -- Williams Partners L.P. (NYSE: WPZ) announced today that the regular quarterly cash distribution its unitholders receive has been increased to $0.7325 per unit.

The new per-unit amount is a 9-percent increase over the partnership's second-quarter 2010 distribution of $0.6725 per unit.  It is also a 2-percent increase over the partnership's first-quarter 2011 distribution of $0.7175 per unit.

The board of directors of the partnership's general partner has approved the quarterly cash distribution, which is payable on Aug. 12, 2011, to unitholders of record at the close of business on Aug. 5.

Second-Quarter Financial Results

Williams Partners plans to report its second-quarter 2011 financial results after the close of market on Wednesday, Aug. 3. The package to be released at that time will include the second-quarter earnings news release; investor presentation on the quarterly results and outlook, including a recorded commentary from Alan Armstrong, chief executive officer of Williams Partners' general partner; analyst package; and data book.

The partnership then will host its second-quarter 2011 Q&A live webcast on Tuesday, Aug. 9 at 11 a.m. EDT. Participants are encouraged to access the webcast at www.williamslp.com.

A limited number of phone lines also will be available at (888) 378-4361. International callers should dial (719) 325-2249. Replays of the second-quarter webcast in both streaming and downloadable podcast formats will be available for two weeks following the event on the partnership's web site.

Management set the dates for release of Williams Partners' second-quarter earnings package and webcast in coordination with other scheduling commitments. The result is slightly different from the partnership's traditional timeline.

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 14 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 75 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 email list.

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. 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 partnership's annual reports filed with the Securities and Exchange Commission.

SOURCE Williams Partners L.P.

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