Tulsa-Based Williams Pipeline Partners' Profit Slips in 2009

Summary


Williams Pipeline Partners LP said on Thursday its profit slipped 2 percent in 2009 as higher operating expenses and interest charges led to a decline in results at Northwest Pipeline GP. Williams holds a 35-percent equity interest in Northwest Pipeline.

The natural gas transportation company's profit fell to $50.8 million from $51.9 million in 2008. Williams' net income per limited- partner unit was $1.53, compared to a revised result of $1.45 for 2008.

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Extract


Tulsa-Based Williams Pipeline Partners' Profit Slips in 2009

With asset contributions to Williams Partners complete, Williams is ready to pursue projects throughout its busi...

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