The historical rank and industry rank for Williams Partners LP's Gross Margin % or its related term are showing as below:
FRA:WP8'
s Gross Margin % Range Over the Past 10 Years
Min: 30.29 Med: 44.56 Max: 68.85
Current: 53.22
During the past 12 years, the highestGross Margin % of Williams Partners LP was 68.85%. The lowest was 30.29%. And the median was 44.56%.
FRA:WP8's Gross Margin % is not ranked
in the Oil & Gas industry.
Industry Median: 27.83
vs FRA:WP8: 53.22
Williams Partners LP had a gross margin of 52.75% for the quarter that ended in Sep. 2014 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Williams Partners LP was 10.80% per year.
Williams Partners LP Gross Margin % Historical Data
The historical data trend for Williams Partners LP's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Williams Partners LP's Gross Margin %
For the Oil & Gas Midstream subindustry, Williams Partners LP's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Williams Partners LP's Gross Margin % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Williams Partners LP's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Williams Partners LP's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Williams Partners LP (FRA:WP8) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Williams Partners LP had a gross margin of 52.75% for the quarter that ended in Sep. 2014 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Williams Partners LP Gross Margin % Related Terms
Thank you for viewing the detailed overview of Williams Partners LP's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Williams Partners LP (FRA:WP8) Business Description
Williams Partners LP is a publicly traded Delaware limited partnership formed by The Williams Companies, Inc. (Williams) in 2005. It is an energy infrastructure company. The Company is engaged in natural gas transportation; gathering, treating, and processing; storage; NGL fractionation; olefins production; and oil transportation. The operations of its businesses are located in North America. The Company's operations are divided into four business segments: Northeast G&P — this segment includes its natural gas gathering and processing and NGL fractionation businesses in the Marcellus and Utica shale regions, Atlantic-Gulf — this segment includes its interstate natural gas pipeline, Transco, and significant natural gas gathering and processing and crude oil production handling and transportation in the Gulf Coast region, West — this segment includes its natural gas gathering, processing and treating operations in New Mexico, Colorado, and Wyoming and its interstate natural gas pipeline, Northwest Pipeline, and NGL & Petchem Services — this segment includes its NGL and natural gas marketing business, an NGL fractionator and storage facilities near Conway, Kansas. The Company markets NGL products to a wide range of users in the energy and petrochemical industries. The NGL marketing business transports and markets its equity NGLs from the production at its processing plants, and also markets NGLs on behalf of third-party NGL producers, including some of our fee-based processing customers, and the NGL volumes owned by Discovery. The Company also market olefin products to a wide range of users in the energy and petrochemical industries. Its gathering and processing business competes with other midstream companies, interstate and intrastate pipelines, producers and independent gatherers and processors. The Company's operations are subject to federal environmental laws and regulations as well as the state, local, and tribal laws and regulations adopted by the jurisdictions in which they operate.
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