Williams: Bloom Is Off the Rich Gas Rose

摘要

Management of Williams and master limited partnership (MLP) Williams Partners has cut its expectations for revenue from operations serving rich gas production. Meanwhile, it is still waiting for market commitments that would make its proposed Marcellus/Utica-focused Appalachian Connector pipeline project a go. “From where we were in the previous guidance period, we’ve pulled well over $100 million out from those fee-based volumes, so we have dramatically reduced that,” CEO Alan Armstrong said Thursday during an earnings conference call.