Breaking News
Get 45% Off 0
🚨 Don’t miss your updated list of AI-picked stocks for this month
Pick Stocks with AI

Williams Partners Starts Operations At Virginia Southside II

By Zacks Investment ResearchStock MarketsDec 05, 2017 08:25PM ET
www.investing.com/analysis/williams-partners-starts-operations-at-virginia-southside-ii-200271014
Williams Partners Starts Operations At Virginia Southside II
By Zacks Investment Research   |  Dec 05, 2017 08:25PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
AMZN
+1.70%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
XOM
+1.07%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NG
-2.54%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NOG
-1.28%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SNPTY
+0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
WPZ
0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Williams Partners L.P. (NYSE:WPZ) recently announced that the Virginia Southside II expansion project has initiated operations.

Virginia Southside II is the fifth of the five major expansion projects of the Transco pipeline system in 2017. With the announcement, all the expansion projects, including Gulf Trace, Hillabee Phase 1, Dalton, New York Bay and Virginia Southside II have been placed into service.

Following the commencement of operation by the projects, in 2017, the firm transportation capacity of Transco will likely get increased by more than 2.8 million dekatherms per day (Dth/d). Notably, after Virginia Southside II started operations on Dec 5, the design capacity of the Transco system jumped almost 25%.

The announcement reflects the energy infrastructure provider’s strong focus on Transco pipeline expansion that will likely provide sustainable and steady fee-based revenues over a length of time. Investors should know that the Transco pipeline is the largest interstate natural gas pipeline network in the nation.

Along with the announcement, Williams Partners said that the Federal Energy Regulatory Commission (FERC) has authorized the Gulf Connector Expansion project on Nov 21. The Gulf Connector will likely expand the capacity of Transco in Texas and Louisiana by 475,000 Dth/d.

Tulsa, OK-based Williams Partners is a publicly traded master limited partnership with midstream infrastructure assets that are involved in transporting, gathering and processing natural gas and natural gas liquids.

The pricing chart of the partnership is impressive. Year to date, the stock has lost 4.4%, underperforming the industry’s 1.7% decline.



Williams Partners carries a Zacks Rank #3 (Hold). A few better-ranked players in the energy space are China Petroleum & Chemical Corporation (NYSE:SNP) , Northern Oil and Gas, Inc. (NYSE:NOG) and ExxonMobil Corporation (NYSE:XOM) . All the stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Headquartered in Beijing, China Petroleum is a leading integrated energy player. The company will likely witness year-over-year earnings growth of 59.1% in 2017.

Based in Minnetonka, MN, Northern Oil is an upstream energy player. The company’s 2017 revenues are estimated to grow almost 44%.

Headquartered in Irving, TX, ExxonMobil is the largest publicly traded energy firm. The company managed to beat the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 8.81%.

Wall Street’s Next Amazon (NASDAQ:AMZN)

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>



Williams Partners LP (WPZ): Free Stock Analysis Report

China Petroleum & Chemical Corporation (SNP): Free Stock Analysis Report

Exxon Mobil Corporation (XOM): Free Stock Analysis Report

Northern Oil and Gas, Inc. (NOG): Free Stock Analysis Report

Original post

Zacks Investment Research

Williams Partners Starts Operations At Virginia Southside II
 

Related Articles

Williams Partners Starts Operations At Virginia Southside II

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Apple
Continue with Google
or
Sign up with Email