ADVFN - Advanced Financial Network.
HOME» NYSE » W » WPZ Stock Price » WPZ Stock News

Williams Partners Share News

 Williams Partners L.p. Stock Price
WPZ Stock Price
 Williams Partners L.p. Stock Chart
WPZ Stock Chart
 Williams Partners L.p. Stock News
WPZ Stock News
 Williams Partners L.p. Company Information
WPZ Company Information
 Williams Partners L.p. Stock Trades
WPZ Stock Trades

Williams Partners To Acquire Marcellus Assets In $750 Million Deal

DOW JONES NEWSWIRES Williams Partners LP (WPZ) agreed to acquire a gathering system and other assets in the Marcellus shale from Delphi Midstream Partners LLC in a deal valued at roughly $750 million based on Wednesday's close. The deal, expected to close in the first quarter of 2012, consists of a combination of $300 million cash and approximately 7.5 million of Williams Partners common units. Delphi Midstream is owned by private-equity firm American Securities LLC and management. The gathering system includes natural-gas pipelines in Pennsylvania and southern New York, as well as associated gathering facilities. Williams Partners said the deal continues its strategy in the alternative Marcellus shale basin and other energy-producing areas. The company said the transaction wasn't included in its guidance and capital spending plans in November, but that it plans to give an update when it reports fourth-quarter financial results in February. Williams Partners, the midstream asset-holder of Williams Cos. (WMB), in November reported that its third-quarter profit rose 27% amid wider margins from its natural-gas liquids business and higher pipeline fees. Williams Partners' common units closed Wednesday at $59.58 and were inactive premarket. The stock is up 28% this year. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Williams Partners (WPZ)
DateTimeHeadline
02/18/201518:24:04Williams Cos Swings to Profit on Strength of Pipeline Business

Williams Partners and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad