Williams Partners L.P. Reports Fourth-Quarter and Year-End 2010 Financial Results - Net Income for 2010 is $1.1 Billion, $2.66 per Unit - 2010 Distributable Cash Flow attributable to partnership operations Up 509% for Year - Cash Distribution Coverage Ratio Strong at 1.25x for 4Q and 1.30x for full year 2010 - Higher NGL Profits Drive 21% increase in Adjusted Segment Profit for Year, 10% for 4Q - 2011-12 Guidance Increased to Reflect Expected Higher Per-unit NGL Margins and Benefits of Growth Capital - Quarterly Limited Partner Cash Distribution Expected to Increase 6-10% Annually Through 2012
I had sold out of my WPZ position back in mid 2010. But, I used that dip in mid-December to buy some 50 strike June options for $1. They are now trading at $2.20. I sold those today more than doubling my money on WPZ in two months. There is more than one way to skin a cat...LOL.