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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash-to-Debt 0.02
WPZ's Cash-to-Debt is ranked higher than
54% of the 93 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.04 vs. WPZ: 0.02 )
Ranked among companies with meaningful Cash-to-Debt only.
WPZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0  Med: 0.01 Max: No Debt
Current: 0.02
0
No Debt
Equity-to-Asset 0.47
WPZ's Equity-to-Asset is ranked higher than
64% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.42 vs. WPZ: 0.47 )
Ranked among companies with meaningful Equity-to-Asset only.
WPZ' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.42  Med: 0.53 Max: 0.97
Current: 0.47
0.42
0.97
Debt-to-Equity 0.79
WPZ's Debt-to-Equity is ranked higher than
61% of the 90 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.95 vs. WPZ: 0.79 )
Ranked among companies with meaningful Debt-to-Equity only.
WPZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01  Med: 0.73 Max: 1.04
Current: 0.79
0.01
1.04
Debt-to-EBITDA 5.13
WPZ's Debt-to-EBITDA is ranked lower than
56% of the 98 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.43 vs. WPZ: 5.13 )
Ranked among companies with meaningful Debt-to-EBITDA only.
WPZ' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.35  Med: 3.88 Max: 17.02
Current: 5.13
0.35
17.02
Interest Coverage 2.35
WPZ's Interest Coverage is ranked lower than
93% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.51 vs. WPZ: 2.35 )
Ranked among companies with meaningful Interest Coverage only.
WPZ' s Interest Coverage Range Over the Past 10 Years
Min: 1.9  Med: 3.21 Max: 182.2
Current: 2.35
1.9
182.2
Piotroski F-Score: 4
Altman Z-Score: 1.49
Beneish M-Score: -2.52
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating Margin % 23.38
WPZ's Operating Margin % is ranked lower than
64% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 21.95 vs. WPZ: 23.38 )
Ranked among companies with meaningful Operating Margin % only.
WPZ' s Operating Margin % Range Over the Past 10 Years
Min: 17.98  Med: 27.06 Max: 44.71
Current: 23.38
17.98
44.71
Net Margin % 8.40
WPZ's Net Margin % is ranked higher than
75% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 10.85 vs. WPZ: 8.40 )
Ranked among companies with meaningful Net Margin % only.
WPZ' s Net Margin % Range Over the Past 10 Years
Min: -19.77  Med: 22.68 Max: 49.67
Current: 8.4
-19.77
49.67
ROE % 3.10
WPZ's ROE % is ranked lower than
73% of the 104 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.53 vs. WPZ: 3.10 )
Ranked among companies with meaningful ROE % only.
WPZ' s ROE % Range Over the Past 10 Years
Min: -8.53  Med: 4.66 Max: 15.7
Current: 3.1
-8.53
15.7
ROA % 1.50
WPZ's ROA % is ranked higher than
65% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.17 vs. WPZ: 1.50 )
Ranked among companies with meaningful ROA % only.
WPZ' s ROA % Range Over the Past 10 Years
Min: -2.98  Med: 3.82 Max: 30.83
Current: 1.5
-2.98
30.83
ROC (Joel Greenblatt) % 5.79
WPZ's ROC (Joel Greenblatt) % is ranked lower than
64% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.50 vs. WPZ: 5.79 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
WPZ' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.95  Med: 6.67 Max: 30.96
Current: 5.79
-1.95
30.96
3-Year Revenue Growth Rate -25.50
WPZ's 3-Year Revenue Growth Rate is ranked lower than
87% of the 98 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -1.40 vs. WPZ: -25.50 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
WPZ' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: -19.65 Max: 84.7
Current: -25.5
0
84.7
3-Year EBITDA Growth Rate -23.80
WPZ's 3-Year EBITDA Growth Rate is ranked lower than
90% of the 89 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.00 vs. WPZ: -23.80 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
WPZ' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -16 Max: 52.2
Current: -23.8
0
52.2
3-Year EPS without NRI Growth Rate -3.10
WPZ's 3-Year EPS without NRI Growth Rate is ranked lower than
61% of the 80 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.30 vs. WPZ: -3.10 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
WPZ' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 33.8
Current: -3.1
0
33.8
GuruFocus has detected 8 Warning Signs with Williams Partners LP WPZ.
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» WPZ's 30-Y Financials

Financials (Next Earnings Date: 2019-05-03 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income
» WPZ's Warning Signs

Warning Signs

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» Details

Guru Trades

WPZ Guru Trades in

Q1 2018

WPZ Guru Trades in Q1 2018

Jim Simons 703,275 sh (+570.21%)
John Hussman 866 sh (unchged)
First Eagle Investment Sold Out
David Tepper 2,723,404 sh (-26.71%)
T Boone Pickens 263,746 sh (-15.33%)
» More
Q2 2018

WPZ Guru Trades in Q2 2018

John Hussman 866 sh (unchged)
David Tepper 2,119,775 sh (-22.16%)
T Boone Pickens 214,517 sh (-18.67%)
Jim Simons 48,934 sh (-93.04%)
» More
Q3 2018

WPZ Guru Trades in Q3 2018

John Hussman Sold Out
T Boone Pickens Sold Out
Jim Simons Sold Out
David Tepper Sold Out
» More
» Details

Insider Trades

Financial Reports

Latest Guru Trades with WPZ

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream    NAICS: 486210    SIC: 1389
Compare:NYSE:KMI, TSX:TRP, NYSE:MPLX, NYSE:OKE, NYSE:ETP, NYSE:WMB, TSX:ENB, MIC:TRNFP, NYSE:PAA, NYSE:SEP, NYSE:ETE, NYSE:PAGP, TSX:PPL, AMEX:CQP, NYSE:MMP, AMEX:LNG, NYSE:EPD, NYSE:ANDX, NYSE:TRGP, NYSE:ENBL » details
Traded in other countries:C2S1.Germany,
Headquarter Location:USA
Williams Partners LP is an energy infrastructure company that owns the Transco and Northwest natural gas pipelines. The firm owns and operates midstream gathering and processing assets, and interstate natural gas pipelines. It also produces olefins.

Williams Partners is a large pipeline company that owns and operates the large Transco and Northwest pipeline systems and associated natural gas gathering and processing and storage assets. It also owns a 60% stake in Discovery, which owns offshore natural gas assets in the Gulf of Mexico. Williams Companies, a publicly traded C-Corporation, owns a 74% interest in Williams Partners. The partnership owns the underlying assets while the corporation holds the stake in the limited partnership.

Top Ranked Articles about Williams Partners LP

Recent Analysis Shows Williams Partners, GameStop, Opko Health, Athersys, CSX, and Kratos Defense & Security Solutions Market Influences — Renewed Outlook, Key Drivers of Growth
August 14, 2018
Read more...

Ratios

vs
industry		 vs
history
PE Ratio 65.79
WPZ's PE Ratio is ranked lower than
82% of the 94 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9999.00 vs. WPZ: 65.79 )
Ranked among companies with meaningful PE Ratio only.
WPZ' s PE Ratio Range Over the Past 10 Years
Min: 16.09  Med: 35.08 Max: 266.23
Current: 65.79
16.09
266.23
Forward PE Ratio 29.07
WPZ's Forward PE Ratio is ranked lower than
63% of the 70 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 18.12 vs. WPZ: 29.07 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 65.79
WPZ's PE Ratio without NRI is ranked lower than
81% of the 91 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 19.54 vs. WPZ: 65.79 )
Ranked among companies with meaningful PE Ratio without NRI only.
WPZ' s PE Ratio without NRI Range Over the Past 10 Years
Min: 16.09  Med: 35.08 Max: 266.23
Current: 65.79
16.09
266.23
PB Ratio 2.15
WPZ's PB Ratio is ranked higher than
52% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.74 vs. WPZ: 2.15 )
Ranked among companies with meaningful PB Ratio only.
WPZ' s PB Ratio Range Over the Past 10 Years
Min: 0.37  Med: 1.68 Max: 3.39
Current: 2.15
0.37
3.39
PS Ratio 5.48
WPZ's PS Ratio is ranked lower than
73% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.30 vs. WPZ: 5.48 )
Ranked among companies with meaningful PS Ratio only.
WPZ' s PS Ratio Range Over the Past 10 Years
Min: 1.09  Med: 4.05 Max: 13.17
Current: 5.48
1.09
13.17
Price-to-Operating-Cash-Flow 16.28
WPZ's Price-to-Operating-Cash-Flow is ranked lower than
84% of the 94 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.92 vs. WPZ: 16.28 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
WPZ' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.97  Med: 8.86 Max: 23.07
Current: 16.28
2.97
23.07
EV-to-EBIT 39.62
WPZ's EV-to-EBIT is ranked lower than
80% of the 96 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 18.53 vs. WPZ: 39.62 )
Ranked among companies with meaningful EV-to-EBIT only.
WPZ' s EV-to-EBIT Range Over the Past 10 Years
Min: -93.9  Med: 22.7 Max: 39.62
Current: 39.62
-93.9
39.62
EV-to-EBITDA 19.41
WPZ's EV-to-EBITDA is ranked lower than
69% of the 103 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 12.84 vs. WPZ: 19.41 )
Ranked among companies with meaningful EV-to-EBITDA only.
WPZ' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.9  Med: 14.3 Max: 60.2
Current: 19.41
5.9
60.2
EV-to-Revenue 7.78
WPZ's EV-to-Revenue is ranked lower than
67% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.87 vs. WPZ: 7.78 )
Ranked among companies with meaningful EV-to-Revenue only.
WPZ' s EV-to-Revenue Range Over the Past 10 Years
Min: 2  Med: 6.9 Max: 15.7
Current: 7.78
2
15.7
Current Ratio 0.83
WPZ's Current Ratio is ranked lower than
66% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.00 vs. WPZ: 0.83 )
Ranked among companies with meaningful Current Ratio only.
WPZ' s Current Ratio Range Over the Past 10 Years
Min: 0.32  Med: 0.73 Max: 4.33
Current: 0.83
0.32
4.33
Quick Ratio 0.74
WPZ's Quick Ratio is ranked lower than
59% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.93 vs. WPZ: 0.74 )
Ranked among companies with meaningful Quick Ratio only.
WPZ' s Quick Ratio Range Over the Past 10 Years
Min: 0.27  Med: 0.73 Max: 4.33
Current: 0.74
0.27
4.33
Days Inventory 12.99
WPZ's Days Inventory is ranked higher than
54% of the 80 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 13.28 vs. WPZ: 12.99 )
Ranked among companies with meaningful Days Inventory only.
WPZ' s Days Inventory Range Over the Past 10 Years
Min: 9.82  Med: 13.31 Max: 19.19
Current: 12.99
9.82
19.19
Days Sales Outstanding 32.72
WPZ's Days Sales Outstanding is ranked lower than
75% of the 96 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 34.27 vs. WPZ: 32.72 )
Ranked among companies with meaningful Days Sales Outstanding only.
WPZ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 11.88  Med: 51.83 Max: 166.62
Current: 32.72
11.88
166.62
Days Payable 75.89
WPZ's Days Payable is ranked higher than
72% of the 76 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 48.11 vs. WPZ: 75.89 )
Ranked among companies with meaningful Days Payable only.
WPZ' s Days Payable Range Over the Past 10 Years
Min: 3.33  Med: 79.05 Max: 737.19
Current: 75.89
3.33
737.19

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield % 5.16
WPZ's Dividend Yield % is ranked lower than
95% of the 116 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.48 vs. WPZ: 5.16 )
Ranked among companies with meaningful Dividend Yield % only.
WPZ' s Dividend Yield % Range Over the Past 10 Years
Min: 0.75  Med: 5.08 Max: 24.2
Current: 5.16
0.75
24.2
Dividend Payout Ratio 3.40
WPZ's Dividend Payout Ratio is ranked lower than
86% of the 120 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.00 vs. WPZ: 3.40 )
Ranked among companies with meaningful Dividend Payout Ratio only.
WPZ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.28  Med: 1.3 Max: 3.4
Current: 3.4
0.28
3.4
3-Year Dividend Growth Rate 6.30
WPZ's 3-Year Dividend Growth Rate is ranked lower than
58% of the 67 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.80 vs. WPZ: 6.30 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
WPZ' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 12.15 Max: 107.6
Current: 6.3
0
107.6
Forward Dividend Yield % 5.31
WPZ's Forward Dividend Yield % is ranked lower than
99.99% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.78 vs. WPZ: 5.31 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 10.51
WPZ's 5-Year Yield-on-Cost % is ranked higher than
63% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 13.08 vs. WPZ: 10.51 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
WPZ' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.53  Med: 10.35 Max: 49.31
Current: 10.51
1.53
49.31
3-Year Average Share Buyback Ratio -61.90
WPZ's 3-Year Average Share Buyback Ratio is ranked lower than
95% of the 81 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -8.90 vs. WPZ: -61.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
WPZ' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -61.9  Med: -13.45 Max: 0
Current: -61.9
-61.9
0

Valuation & Return

vs
industry		 vs
history
Price-to-Tangible-Book 3.52
WPZ's Price-to-Tangible-Book is ranked lower than
56% of the 94 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.29 vs. WPZ: 3.52 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
WPZ' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.82  Med: 1.98 Max: 3.61
Current: 3.52
0.82
3.61
Price-to-Intrinsic-Value-Projected-FCF 3.44
WPZ's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
71% of the 49 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.84 vs. WPZ: 3.44 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
WPZ' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 1.59  Med: 2.58 Max: 3.59
Current: 3.44
1.59
3.59
Price-to-Median-PS-Value 1.35
WPZ's Price-to-Median-PS-Value is ranked lower than
71% of the 94 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.94 vs. WPZ: 1.35 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
WPZ' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.34  Med: 0.99 Max: 2.85
Current: 1.35
0.34
2.85
Price-to-Graham-Number 3.21
WPZ's Price-to-Graham-Number is ranked lower than
71% of the 69 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.72 vs. WPZ: 3.21 )
Ranked among companies with meaningful Price-to-Graham-Number only.
WPZ' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.2  Med: 2.04 Max: 4.42
Current: 3.21
1.2
4.42
Earnings Yield (Greenblatt) % 2.52
WPZ's Earnings Yield (Greenblatt) % is ranked lower than
69% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.95 vs. WPZ: 2.52 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
WPZ' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -2.5  Med: 4.1 Max: 11.2
Current: 2.52
-2.5
11.2
Forward Rate of Return (Yacktman) % -18.19
WPZ's Forward Rate of Return (Yacktman) % is ranked lower than
72% of the 57 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.64 vs. WPZ: -18.19 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
WPZ' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -18.6  Med: -1.9 Max: 13.5
Current: -18.19
-18.6
13.5

More Statistics

Revenue (TTM) (Mil) $8,277.00
EPS (TTM) $ 0.72
Volatility24.65%
52-Week Range $32.74 - 48.11
Shares Outstanding (Mil)976.67

Analyst Estimate

Dec18 Dec19 Dec20
Revenue (Mil $) 8,505 8,794 8,435
EBIT (Mil $) 2,768 3,229 3,548
EBITDA (Mil $) 4,518 4,842 5,311
EPS ($) 1.77 2.14 2.17
EPS without NRI ($) 1.77 2.14 2.17
EPS Growth Rate
(Future 3Y To 5Y Estimate)		 8.06%
Dividends per Share ($) 2.56 2.75 2.82

Piotroski F-Score Details

Piotroski F-Score: 44
Positive ROAY
Positive CFROAY
Higher ROA yoyN
CFROA > ROAY
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyY

» More Articles for WPZ

Headlines

Articles On GuruFocus.com
5 Companies Hit 52-Week Highs Oct 16 2018 
Recent Analysis Shows Williams Partners, GameStop, Opko Health, Athersys, CSX, and Kratos Defense & Aug 14 2018 
Williams Partners Expected to Be Removed from the Alerian Index Series Aug 08 2018 
5 Companies Hit 52-Week Highs Jul 31 2018 
Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® Utility May 18 2018 
Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® Energy I May 18 2018 
Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® Transpor May 18 2018 
Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® Energy S May 18 2018 
Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® 30 MLP I May 18 2018 
WeissLaw LLP Investigates Williams Partners L.P. Acquisition May 17 2018 

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