Williams Partners Posts First Quarter 2015 Financial Results
In a release on
The increase in adjusted EBITDA for first quarter 2015 is due primarily to the contribution of approximately
The increase in adjusted EBITDA in first quarter 2015 was also driven by
Partially offsetting the increases described above, were lower results from
Distributable Cash Flow & Distributions
For first quarter 2015,
The
CEO Perspective
"First quarter 2015 results showed strong fee-based revenue growth from the Atlantic-Gulf and Northeast G&P operating areas as well as from the merger with Access. We expect the second quarter to be even higher with Gulfstar One and Keathley Canyon Connector nearing full production and additional projects being placed in service such as the Rockaway Lateral and the mainline portion of Leidy Southeast.
"We've reaffirmed 2015-2017 guidance for
"Our strategy remains sound and our backlog of projects to serve the demand side of the growing natural gas market continues to build."
Access Midstream provides gathering, treating, and compression services to producers under long term, fee-based contracts in
Access Midstream reported adjusted EBITDA of
Atlantic-Gulf
Atlantic-Gulf includes the
Atlantic-Gulf reported adjusted EBITDA of
Adjusted EBITDA for the quarter increased primarily due to
NGL & Petchem Services
NGL & Petchem Services includes an 88.5 percent interest in an olefins production facility in
NGL & Petchem Services reported adjusted EBITDA of
The decrease in first-quarter 2015 adjusted EBITDA was primarily due to lower
Northeast G&P
Northeast G&P includes the partnership's midstream gathering and processing business in the Marcellus and
Northeast G&P reported adjusted EBITDA of
The improved results are primarily due to a
West
West includes the partnership's Northwest Pipeline interstate gas pipeline system, as well as gathering, processing and treating operations in
West reported adjusted EBITDA of
Lower adjusted EBITDA for the quarter was due primarily to
Guidance
Williams,
Williams and
On the day of the event, www.williams.com will feature presentation files for download along with a link to a live webcast. A replay of the Analyst Day webcast will be available for two weeks following the event.
More information:
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