Time New York: Tue 19 Mar 22:48 pm  |  Save 15% on H&R Block Online


Williams Partners Files for Southeastern Trail Federal Permit


Williams Partners L.P. WPZ announced that it is seeking the Federal Energy Regulatory Commission’s sanction for the Southeastern Trail expansion development.

The project entails the expansion of the daily transportation capacity of the Transco pipeline system by 296,375 dekatherms of natural gas. With this, the partnership will be able to help the Mid-Atlantic and Southeastern states provide customers with more natural gas for room heating purposes starting the winter of 2020.

Last summer, Williams Partners organized an open season for the expansion development that is expected to comprise pipelines spreading across roughly 7.7 miles. Following this, the midstream energy player signed long-term binding contracts with five leading shippers willing to transport natural gas utilizing the expanded capacity.

Investors should know that the Transco pipeline system carries the largest volumes of natural gas in the United States. The interstate pipeline is also growing at the fastest speed in the nation.

Based in Tulsa, OK, Williams Partners is a master limited partnership with extensive midstream assets. We appreciate the partnership’s intention of allocating capital budget toward the expansion of the Transco pipeline system that will provide stable fee-based revenues.

However, the stock fell 14.6% over the past year, following the industry’s 18.3% decline.

Williams Partners carries a Zacks Rank #3 (Hold). A few better-ranked players in the energy space include Antero Resources Corporation AR, Continental Resources, Inc. CLR and Mammoth Energy Services, Inc. TUSK. All the stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Antero Resources is expected to witness year-over-year earnings growth of 303% in 2018.

Continental Resources has an average positive earnings surprise of 64.9% for the last three quarters.

Mammoth Energy will likely see a year-over-year rise of 246.5% in 2018 earnings.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.