SOURCE: Industrial Info Resources

Industrial Info Resources

November 10, 2014 06:15 ET

Geismar Ethylene Outage Costs Williams Partners $200 Million in Third-Quarter 2014, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Nov 10, 2014) - 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 olefins 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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