SUGAR LAND, TX — (Marketwired) — 11/10/14 — Researched by Industrial Info Resources (Sugar Land, Texas) — Williams Partners (NYSE:WPZ) (Tulsa, Oklahoma) reported lower results for third-quarter 2014 during an earnings conference call on October 30. The company reported net income of $217 million, compared with $284 million in the same period last year. Williams said it had expected the lower earnings, which it attributed to the ongoing shutdown at its plants in Geismar, Louisiana, and a heavy capital investment period. Williams plans to offset missed operational opportunities with an approximately $1 billion boost to annual cash flows. Industrial Info is tracking 90 active Williams-related projects with a combined investment value of $7.12 billion.
Within this article: Details of the upcoming restart of the expanded Geismar, Louisiana olefins facility by Williams Partners (NYSE:WPZ).
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