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Williams Partners Reports 2017 Financial Results

WILLIAMS PARTNERS LP (WPZ)  More Company Research Source: Business Wire
Last williams partners lp earnings: 2/14 04:15 pm Check Earnings Report
PDF TULSA, Okla.--(BUSINESS WIRE)-- Williams Partners L.P. (NYSE: WPZ) today announced its financial results for the three and 12 months ended Dec. 31, 2017. Fourth-Quarter and Full-Year 2017 Highlights 4Q 2017 Net Income (Loss) of ($342) Million - Impacted by $713 million of Non-Cash Charges Related to Tax Cuts and Jobs Act of 2017 Increased 4Q & Full-Year 2017 Adjusted EBITDA to $1.150 Billion and $4.472 Billion Respectively, Despite over $3 Billion in Asset Sales Since September 2016 Cash Distribution Coverage Ratio of 1.22x for 4Q 2017; 1.23x for Full-Year 2017 Placed Transco Expansions New York Bay and Virginia Southside II into Service in 4Q 2017 - Completing Transco's 2017 "Big 5" Expansion Projects Williams Partners Improved Credit Profile, Reducing Net Debt by $2.8 Billion from Jan. 1, 2017 through Dec. 31, 20 [Read more]

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