Williams Partners Reports Third-Quarter 2012 Financial Results

Williams Partners L.P. (NYSE: WPZ):
Summary Financial Information     3Q       YTD
Amounts in millions, except per-unit amounts. 2012     2011 2012     2011
(Unaudited)
 
Net income $ 237 $ 342 $ 778 $ 987
Net income per common L.P. unit $ 0.38 $ 0.91 $ 1.47 $ 2.63
                           
 
Distributable cash flow (DCF) (1) $ 316 $ 368 $ 1,084 $ 1,206
Cash distribution coverage ratio (1) 0.80x 1.25x 0.96x 1.41x
 

(1) Distributable Cash Flow and Cash Distribution Coverage Ratio are non-GAAP measures. Reconciliations to the most relevant measures included in GAAP are attached to this news release.
 

Williams Partners L.P. (NYSE: WPZ) today announced unaudited third-quarter 2012 net income of $237 million, or $0.38 per common limited-partner unit, compared with third-quarter 2011 net income of $342 million, or $0.91 per common limited-partner unit.

Year-to-date through Sept. 30, Williams Partners reported net income of $778 million, or $1.47 per common limited-partner unit, compared with $987 million, or $2.63 per common limited-partner unit, for the first nine months of 2011.

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