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Source: Tulsa World, Okla.存倉Oct. 31--Both Williams Cos. Inc. and Williams Partners LP turned third-quarter profits, though the companies showed declines compared to last year.Tulsa-based Williams Cos. reported Wednesday adjusted earnings of $141 million, or 20 cents per share, compared to net income of $155 million, or 25 cents per share, during the third quarter of 2012.Subsidiary Williams Partners, the owner and operator of natural gas and natural gas liquid pipelines and processing facilities, posted a profit of $279 million, or 52 cents per share, compared to last year's results of $290 million in net income, or 38 cents per share.Alan Armstrong, president and CEO of the companies, said in a press release that both entities performed solidly in the third quarter. Williams also has a large stake in Access Midstream Partners LP, an Oklahoma City-based pipeline partnership."Given our diverse foothold in the energy infrastructure space, our large-scale fee-based assets and the tremendous development opportunities we're pursuing, we expect strong cash flow growth from Williams Partners and Access Midstream Partners to drive 20 percent annual cash dividend growth for the company through 2015," Armstrong said.Williams Cos. and Williams Partners noted in their press releases that their profits fell due to lost production after a June explosion at Williams Partners' fractionation plant in Geismar, La., though an increase in fee-based revenue at Williams Partners and lower costs and initial insurance recoveries partially offset the negative impact.For the first nine months of 2013, Williams Cos. reported net income of $444 million, or 65 cents per share, compared with net income of $710 million, or $1.15 per share, for the same time period in 2012.The company pinned the year-to-date decline on lower NGL margins at Williams Partners, as well as the loss of $207 million in income associated with the sale of the company's Venezuela ope儲存ations.Williams Partners experienced a less drastic year-to-date drop, with a three-quarter earnings total of $856 million, or $1.34 per share, compared to $941 million, or $1.47 per share, in the first nine months of 2012.The company said the loss was largely due to $254 million in lower natural gas liquid margins, though they were partially offset by a $151 million increase in transportation and gathering and processing fee revenue."We remain keenly focused on executing a multibillion-dollar growth program over the next several years to further expand our capabilities and connections from supply areas in the Gulf of Mexico, the Mid-Continent, Canada and Northeast U.S. to growing demand centers throughout the Eastern Seaboard and Southeast to the Gulf Coast petrochemical complex, as well as overseas to growing LPG markets," Armstrong said.Armstrong detailed plans for Williams Partners to acquire Williams' Canadian operations, which is expected to contribute $200 million to the partnership over the next two years."We remain committed to safe operations as we continue our steadfast execution on a portfolio of primarily fee-based projects, including further expansions of our well-positioned Transco natural gas pipeline to serve the growing markets for low-cost natural gas all along the Eastern Seaboard and the Southeast," he said.Williams Cos. Inc. earnings2013 2012 2013 20123Q 3Q Year-to-date Year-to-dateRevenue $1.62B $1.75B $5.2B $5.6BNet income $141M $155M $444M $710MNet per share $0.20 $0.25 $0.65 $1.15M=million; B=billionWilliams Partners LP earnings2013 2012 2013 20123Q 3Q Year-to-date Year-to-dateRevenue $1.59B $1.72B $5.07B $5.5BNet income $279M $290M $856M $941MNet per unit $0.52 $0.38 $1.34 $1.47M=million; B=billionRobert Evatt 918-581-8447robert.evatt@tulsaworld.comCopyright: ___ (c)2013 Tulsa World (Tulsa, Okla.) Visit Tulsa World (Tulsa, Okla.) at .tulsaworld.com Distributed by MCT Information Services迷你倉