TULSA, Okla., July 26 /PRNewswire-FirstCall/ -- Williams Partners L.P. WPZ announced today that the regular quarterly cash distribution its unitholders receive has been increased to 52.5 cents per unit. This is the partnership's sixth consecutive distribution increase since its initial distribution in November 2005.
The new per-unit amount is 5 percent higher than the 50-cent distribution paid for the first quarter of 2007. It is also 24 percent higher than the partnership's second-quarter 2006 distribution level of 42.5 cents per unit.
The board of directors of the partnership's general partner has approved the increase in the quarterly cash distribution. The second-quarter distribution is payable on Aug. 14, 2007, to unitholders of record at the close of business on Aug. 7, 2007.
Williams Partners plans to report its second-quarter 2007 financial results before the market opens on Thursday, Aug. 2. Management will discuss the partnership's results during a live webcast beginning at noon Eastern the same day. Participants are encouraged to access Williams Partners' webcast at www.williamslp.com.
A limited number of phone lines also will be available at (800) 263-8506. International callers should dial (719) 457-2681. Callers should dial in at least 10 minutes prior to the start of the discussion. Replay of the second- quarter webcast will be available for two weeks at www.williamslp.com.
About Williams Partners L.P. WPZ
Williams Partners L.P. primarily gathers, transports and processes natural gas and fractionates and stores natural gas liquids. The general partner is Williams Partners GP LLC. More information is at www.williamslp.com.
This press release may include "forward-looking statements" as defined by federal law. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Partnership based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership, which may cause our actual results to differ materially from those implied or expressed by the forward-looking statements. Additional information about issues that could lead to material changes in performance is contained in the Partnership's annual and quarterly reports filed with the Securities and Exchange Commission.
Source: Williams Partners L.P.
