Vmbook Online ordering

Williams Partners Lp

Williams Partners L.P. is a master limited partnership (MLP) that is engaged in the exploration, development, gathering, processing, transmission, and storage of natural gas and natural gas liquids (NGLs) in the United States. The company operates through two segments: Gas Transportation & Storage and Gas Processing & Liquids.

The Gas Transportation & Storage segment includes interstate natural gas pipelines and associated facilities that are engaged in the transportation of natural gas to market hubs, industrial, commercial, and residential users. The Gas Processing & Liquids segment includes natural gas gathering and processing facilities, NGL fractionation facilities, and NGL marketing operations.

Williams Partners L.P.'s common units are listed on the New York Stock Exchange under the ticker symbol "WPZ." The partnership is headquartered in Tulsa, Oklahoma.

Williams Partners L.P. is a subsidiary of Williams Companies, Inc. (WMB), which is a publicly-traded energy infrastructure company. As of 2021, Williams Companies, Inc. owns approximately 74% of the outstanding limited partner interests in Williams Partners L.P.

On October 10, 2018, Williams Companies, Inc. announced that it will drop down its remaining ownership interest in Williams Partners L.P. to the publicly traded master limited partnership (MLP) in a transaction that simplifies the Williams corporate structure and enables greater strategic flexibility. On October 31, 2019, the merger of Williams Partners LP into Williams Companies, Inc was completed. Now, Williams Companies, Inc is the sole stockholder of the company and no longer listed in the stock exchange.