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Williams Partners L.P. (NYSE:WPZ) Reports Q1 Profit Drops, Meets Anticipates – WPZ, LYB, PEIX, WPZ, CHMT

Williams Partners L.P. (NYSE:WPZ) announced on Tuesday that its net income for the Q1 of $321M or $0.50 a unit, in contrast to $408M or $0.85 a unit for the year-before quarter.

The analysts polled by Thomson Reuters anticipated the firm to generate $0.50 a share for the Q1.

The firm declared the drop in net income was mostly because of a sharp decline in NGL margins from near historic highs in Q1 2012 and associated ethane rejection. NGL margins plunged 50 percent from a year before, as continued low ethane prices drove system extensive ethane denial and propane and butane prices remained at depressed levels.

Williams Partners’ fee-based revenue for the Q1 surged 5 percent to $651M from $684M a year before.

Shares of Williams Partners L.P. (NYSE:WPZ) opened at $52.00 with 413.90 million outstanding shares and touch its highest price of $52.35 of the day and then finished at $51.40 by scoring -0.96%, as in the whole session stocks gain volume of 985,566 shares which is higher than its average volume.

As the owner ship concerns stock institutional ownership remained 16.72% while insider ownership included 35.83%. The share capital of WPZ has 413.90 million outstanding shares amid them 151.32 million shares have been floated in market.

For investors focus on the performance of the stocks so the WPZ showed weekly behind performance of -4.46% which was maintained for the month at 0.63%. Correspondingly the positive performance for the quarter was remained 3.94% and if took notice on yearly performance that was -2.71% whereas the year to date performance halted at 9.06%.

As the moving toward the returns measures returns on Investment ratio is significant measure which investor should have in consideration, the WPZ return on investment was recorded as 7.78% as compare to its rivals has LyondellBasell Industries NV (NYSE:LYB)’s ROI 16.62%, Pacific Ethanol Inc (NASDAQ:PEIX)’s ROI -23.74%, Williams Partners L.P. (NYSE:WPZ)’s ROI 7.78%, Chemtura Corp (NYSE:CHMT)’s ROI 5.39%.


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