Tulsa-Based Williams Partners More Than Doubles 3q Profits

Summary

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Williams Partners more than doubled its third-quarter net income due to higher equity earnings from two developments and higher storage and fractionation revenues at a third.

The natural gas liquids partnership managed by Tulsa-based Williams Cos. experienced a 110.5-percent increase in net income to $12 million, or 58 cents per limited-partner unit, from $5.7 million in 2005 - the comparisons using restated results following the June acquisition of 25.1 percent interest in Williams Four Corners LLC.

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Tulsa-Based Williams Partners More Than Doubles 3q Profits

That far exceeded the 39-cent analyst estimate, according to Zacks Inv...

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