Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Williams Companies Inc    WMB

News SummaryMost relevantAll newsSector newsTweets 

Williams Companies, Inc. : Apr 24, 2012 Constitution Pipeline Company Announces Customer Agreements

share with twitter share with LinkedIn share with facebook
share via e-mail
04/24/2012 | 11:37pm CEST

Constitution Pipeline Company, LLC, a joint development between Williams Partners L.P. (NYSE: WPZ) and Cabot Oil & Gas Corporation (NYSE: COG), today announced the execution of precedent agreements for a proposed 121-mile pipeline designed to connect natural gas production in northeastern Pennsylvania with northeastern markets by spring 2015.

Cabot Oil & Gas has committed to transport 500,000 dt/day (dekatherms per day), while Southwestern Energy Services Company, a subsidiary of Southwestern Energy Company (NYSE: SWN) has agreed to transport 150,000 dt/day for a total takeaway capacity of 650,000 dt/day (enough natural gas to serve about 3 million homes).

The new 121-mile Constitution Pipeline is being designed to connect Williams Partners' gathering system in Susquehanna County, Pa., to the Iroquois Gas Transmission and Tennessee Gas Pipeline systems in Schoharie County, NY. Williams Partners will own 75 percent of Constitution Pipeline and, through its affiliates, will provide construction, operation and maintenance services for the new pipeline. Cabot will own the remaining 25 percent.

Williams (NYSE:WMB) owns 69 percent of Williams Partners.

The pipeline will be regulated by the Federal Energy Regulatory Commission (FERC). In anticipation of filing a certificate application with the FERC in early 2013, Constitution Pipeline Company requested that FERC initiate a pre-filing environmental review of the pipeline proposal. The FERC pre-filing process is intended to solicit early input from citizens, governmental entities and other interested parties to identify and address issues with potential facility locations.

Additional information about the Constitution Pipeline can be found at www.constitutionpipeline.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 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 69 percent of Williams Partners, including the general-partner interest. More information is available at www.williamslp.com.

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.

Williams Partners L.P.
Media Contact:
Julie Gentz, 918-573-3053
Investor Contact:
Sharna Reingold, 918-573-2078

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
04/28 WILLIAMS : Market forces driving increased use of natural gas, cleaner energy mi..
04/18 WILLIAMS COMPANIES INC : Entry into a Material Definitive Agreement, Regulation ..
04/18 WILLIAMS : NOVA Chemicals signs agreement to grow its U.S. Gulf Coast presence
04/17 WILLIAMS : Partners Agrees to Sell Its Interests in the Geismar Olefins Facility..
03/30 WILLIAMS : Partners Completes Transactions to Acquire Additional Interests in Tw..
03/29 WILLIAMS : Northwest Pipeline LLC Prices Private Debt Issuance
03/29 WILLIAMS : Northwest Pipeline LLC Initiates Private Debt Issuance
03/27 WILLIAMS : Partners’ Transco Pipeline Seeks FERC Approval for Northeast Su..
03/24 WILLIAMS COMPANIES INC : Change in Directors or Principal Officers, Financial St..
03/21 WILLIAMS : Tulsan Joe Cappy recalls his days as 'The Last American CEO'
More news
Sector news : Oil & Gas Transportation Services - NEC
04/28 NEXT BATTLEGROUND : An aging Great Lakes pipeline stirs new protest
04/25 KINDER MORGAN : Canada files for IPO to raise Trans Mountain funds
04/17 TSX notches biggest gain in six weeks as banks, miners gain
04/12 Pipeline operator NuStar to buy Navigator Energy for $1.48 billion
04/11 Pipeline operator NuStar to buy Navigator Energy for $1.48 billion
More sector news : Oil & Gas Transportation Services - NEC
News from SeekingAlpha
04/26 S&P 500 'Safer' Dividend Dogs Topped By Macy's & Qualcomm Per Analyst Upsides..
04/19 WILLIAMS OR ITS MLP : Which Is A Better Buy?
04/19 Enterprise Products Partners - Distribution Should Grow For Many Years
04/18 Fitch signals credit rating upgrade coming for Williams Partners
04/07 Williams group upgraded to Buy at Citi ahead of Geismar sale
Financials ($)
Sales 2017 8 171 M
EBIT 2017 2 390 M
Net income 2017 897 M
Debt 2017 21 618 M
Yield 2017 4,18%
P/E ratio 2017 27,90
P/E ratio 2018 26,37
EV / Sales 2017 5,76x
EV / Sales 2018 5,78x
Capitalization 25 406 M
More Financials
Duration : Period :
Williams Companies Inc Technical Analysis Chart | WMB | US9694571004 | 4-Traders
Full-screen chart
Technical analysis trends WILLIAMS COMPANIE...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 32,8 $
Spread / Average Target 6,6%
Consensus details
EPS Revisions
More Estimates Revisions
Alan S. Armstrong President, Chief Executive Officer & Director
Kathleen B. Cooper Chairman
Michael G. Dunn Chief Operating Officer & Executive Vice President
Donald R. Chappel Chief Financial Officer & Senior Vice President
Janice D. Stoney Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ENBRIDGE INC-0.93%67 785
More Results