Home / Knowledge / News / Textiles / Williams Partners Q1 net income slips to $140mn
Williams Partners Q1 net income slips to $140mn
May '14
Williams has announced unaudited first-quarter 2014 net income attributable to Williams of $140 million, or $0.20 per share on a diluted basis, compared with net income of $161 million, or $0.23 per share on a diluted basis for first-quarter 2013.
-First-Quarter 2014 Net Income is $140 Million, $0.20 per Share; Results Impacted by Bluegrass Project Write-off and Related Costs, Lower NGL Margins vs. Year-Ago Period
-Adjusted Net Income $190 Million or $0.28 per Share
-Williams Partners' Fee-based Revenue Up $63 Million or 9% vs. 2013
-Continue to Expect More Than 50% Growth in Adjusted Segment Profit + DD&A for 2015 vs. 2013
-Reaffirming Cash-Dividend Growth of 20% in each of 2014 and 2015
-Williams, Williams Partners Analyst Day Set for May 14; Management to Present on Businesses and Provide 2016 Guidance.
The decline in net income during first-quarter 2014 was primarily due to $86 million of charges related to the proposed Bluegrass Pipeline project primarily reflecting the write-off of development costs that were previously capitalized and other costs that were incurred or accrued during the first quarter. At Williams Partners, increases in fee-based revenues more than offset lower natural gas liquids (NGL) margins.
Adjusted Income from Continuing Operations
Adjusted income from continuing operations was $190 million, or $0.28 per share, for first-quarter 2014, compared with $152 million or $0.22 per share for first-quarter 2013.
The $38 million increase in after-tax results attributable to Williams for the quarter was driven by $63 million growth in Williams Partners' fee-based revenues, as well as $63 million in higher Geismar results (including the benefit of expected business interruption insurance recoveries and planned plant expansion), partially offset by $38 million lower NGL margins and other changes.
Click here to view full results.

Williams Partners

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search