Williams Partners L.P. Quarterly Earnings Sneak Peek

Williams Partners L.P. (NYSE:WPZ) will unveil its latest earnings on Wednesday, August 3, 2011. Williams Partners L.P. is engaged in the business of gathering, transporting, processing and treating natural gas and fractionating and storing natural gas liquids.

Williams Partners L.P. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 85 cents per share, a rise of 28.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 82 cents. For the year, analysts are projecting profit of $3.43 per share, a rise of 28.9% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported net income of 81 cents per share against a mean estimate of 84 cents. Two quarters ago, it beat expectations by 4 cents with profit of 76 cents.

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

Wall St. Revenue Expectations: On average, analysts predict $1.69 billion in revenue this quarter, a rise of 23.4% from the year ago quarter. Analysts are forecasting total revenue of $6.84 billion for the year, a rise of 19.6% from last year’s revenue of $5.72 billion.

Analyst Ratings: Analysts are bullish on this stock with five analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

Competitors to Watch: Oneok Partners LP (NYSE:OKS), DCP Midstream Partners, LP (NYSE:DPM), Copano Energy, L.L.C. (NASDAQ:CPNO), Crestwood Midstream Partners LP (NYSE:CMLP), Southern Union Company (NYSE:SUG), El Paso Corporation (NYSE:EP), Energy Transfer Partners LP (NYSE:ETP), Enterprise Products Partners L.P. (NYSE:EPD), El Paso Pipeline Partners, L.P. (NYSE:EPB), and Atlas Pipeline Partners, L.P. (NYSE:APL).

Stock Price Performance: During June 1, 2011 to July 28, 2011, the stock price had risen $4.79 (9.4%) from $50.90 to $55.69. The stock price saw one of its best stretches over the last year between June 17, 2011 and July 1, 2011 when shares rose for 11-straight days, rising 9% (+$4.49) over that span. It saw one of its worst periods between August 17, 2010 and August 25, 2010 when shares fell for seven-straight days, falling 3.6% (-$1.48) over that span. Shares are up $10.33 (+22.8%) year to date.

(Source: Xignite Financials)

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

More from The Cheat Sheet