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Williams Partners beats 1Q profit forecasts

TULSA, Okla. (AP) _ Williams Partners L.P. (WPZ) on Wednesday reported first-quarter net income of $634 million, after reporting a loss in the same period a year earlier.

The Tulsa, Oklahoma-based company said it had profit of 68 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The energy infrastructure company posted revenue of $1.98 billion in the period.

Williams Partners shares have climbed 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $40.30, a rise of 41 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WPZ at https://www.zacks.com/ap/WPZ


Keywords: Williams Partners, Earnings Report