New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 1, 2014
13:14 EDTACMP, WMB, WPZWilliams completes acquisition of interest in Access Midstream
Williams (WMB) said it completed the previously announced acquisition of the 50% general partner interest and 55.1M limited partner units in Access Midstream Partners (ACMP). Williams now owns 100% of the general partner and approximately 50% of the limited partner units in Access Midstream Partners. As previously announced, Williams is proposing the merger of Williams Partners L.P. (WPZ) with and into Access Midstream Partners. Assuming the merger is completed in 2014, the merged MLP is expected to have a 2015 distribution increase of at least 25% above Access Midstream Partners’ current guidance of $2.79 per unit, which represents an increase of more than 40% above current 2014 distribution guidance. The merged partnership is expected to have a growth rate of 10%-12% annually through 2017. Distribution coverage is estimated to be approximately 1.2x in 2015 and at or above 1.1x through 2017. Williams previously announced plans to increase its Q3 dividend 32% to 56c, or $2.24 on an annualized basis.
News For WMB;ACMP;WPZ From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 19, 2015
16:15 EDTWMB, WPZWilliams announces FERC approval of Maryland natural gas pipeline
Williams announced that the Federal Energy Regulatory Commission has approved Transco’s application to expand its mainline pipeline system and construct an 11-mile pipeline lateral connecting Transco to an electric power generating facility in Cecil County, Md. The Rock Springs expansion project is designed to transport 192,000 dekatherms of natural gas per day to Old Dominion Electric Cooperative’s planned Wildcat Point Generation Facility. Transco’s Rock Springs expansion is among $4.8B in transmission projects Williams expects to place into service through 2017, the company noted.
March 16, 2015
08:03 EDTWMBWilliams' Atlantic Sunrise pipeline to generate $1.6B economic impact
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use