Williams Partners is connecting North America’s abundant natural gas supply to the best markets. It’s a strategy that continues to deliver financial results. And it’s gaining momentum as we capture increasing opportunities on the demand side.
“Our focus on fee-based revenues has allowed us to produce strong cash flow growth despite a 16-year low in NGL prices,” said Alan Armstrong, CEO of Williams Partners’ general partner.
Armstrong made the statements this week as part of Williams Partners first quarter financial results. He also highlighted other accomplishments so far in 2016:
“Importantly this year, we won new business in the Gulf of Mexico, placed into service Williams’ new offgas plant in Canada and achieved significant milestones on a number of demand-driven natural gas projects.
“For the balance of 2016, we expect additional cash flow from recently completed expansions and new projects coming into service in the second and third quarters. Our fully contracted natural gas transmission business coming on in 2017 and 2018 will drive growth in the supply basins we serve.”
Read more in today’s news release.