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CORRECT: Williams Swings To 4Q Loss; Williams Partners' Profit Up

("Williams Swings To 4Q Loss; Williams Partners' Profit Up," published at 4:49 p.m. EST, misstated the reason for the loss in the first graf. A corrected version follows:) DOW JONES NEWSWIRES Williams Cos. (WMB) swung to a fourth-quarter loss, mostly on write-downs related to its former exploration and production business, while midstream and interstate gas pipeline asset-holder Williams Partners LP's (WPZ) fourth-quarter earnings improved, mostly due to strong margins on natural-gas liquids. Williams Cos. raised its 2012 and 2013 guidance to reflect an acquisition, among other items. For 2012, Williams raised the top end of its per-share earnings forecast by a nickel and now expects $1.15 to $1.60. The company increased its capital expenditure view to $3.4 billion to $3.8 billion from $2.525 billion to $2.925 billion. For 2013, the company raised its per-share earnings estimate by 10 cents to a range of $1.30 to $1.80. The company also raised its 2013 capital spending estimate to $2.1 billion to $2.7 billion, from $1.975 billion to $2.575 billion. The results come as rising natural-gas production heightens demand for pipelines that can move the fuel to market. Williams and other energy companies have been turning their focus to their core businesses in any effort to drive profits. In Williams's case that involves providing infrastructure to bring natural gas from growing North American energy fields to market. Williams last year opted against an initial public offering of its exploration and production business, instead opting for a spinoff of a public company, named WPX Energy Inc. (WPX), which was completed early this year. WPX plans to report its year-end financial results Thursday. Williams reported a loss of $444 million, or 74 cents a share, from a year earlier profit of $174 million, or 29 cents a share, a year earlier. Excluding write-downs of its former exploration and production business, early debt-retirement expenses and other items, earnings from continuing operations rose to 36 cents from 30 cents. Analysts polled by Thomson Reuters most recently projected earnings of 40 cents. Revenue increased 21% to $2.1 billion. Williams Partners' fourth-quarter profit rose 37%, mostly on strong margins for natural-gas liquids. The company reported earnings of $391 million, or $1.05 a unit, up from $286 million, or 76 cents a unit, a year earlier. Williams shares and Williams Partners common units closed Wednesday at $29.30 and $61.75, respectively. Neither were active in after-hours trading. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Williams Partners (WPZ)
DateTimeHeadline
04/24/201518:00:00Williams Partners’ Geismar Base Plant Consistently Producing E...
04/23/201512:24:00FORTUNE Names Williams “Most Admired” U.S. Energy Company
04/21/201512:16:45Initial Statement of Beneficial Ownership (3)
04/20/201518:14:00Williams Partners Announces Cash Distribution
04/20/201516:05:00Williams, Williams Partners Analyst Day Set for May 13
04/19/201512:13:03Dividend Stocks: Why Williams Partners' $575 Million Deal Should...
04/19/201511:10:032 Things That Could Sink Williams Companies' Share Price
04/19/201510:18:035 Megatrends in Energy
04/15/201515:05:15How to Make a Portfolio of Natural Gas Stocks
04/15/201514:30:02How to Make a Portfolio of Natural Gas Stocks
04/12/201521:03:18My K.I.S.S. Dividend Portfolio: 1st Quarter 2015 Update
04/09/201507:13:33Williams Partners Doubles Down In The Utica
04/08/201517:07:45EV Energy Partners Sells Its Crown Jewels
04/06/201514:47:20Williams Partners Buys More of Utica East
04/06/201514:46:35Williams Partners Buys More of Utica East for $575 Million
04/06/201513:12:45Commodities Today: Big Buybacks, Mergers And SEC Actions Moving...
04/06/201508:25:45Williams Partners to buy another 21% stake in UEO for $575M
04/06/201508:00:00Williams Partners Agrees to Acquire Additional Interest in Utica...
04/06/201508:00:00EV Energy Partners Announces Agreement to Divest Its 21 Percent...
03/31/201509:43:00Williams Seeks FERC Approval for Atlantic Sunrise Pipeline Expansion...

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