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Williams Partners' Transco Pipeline Sets Gas Delivery Record
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Williams Partners L.P. set a new record of delivering the highest amount of natural gas on Transco interstate gas pipeline. On Jan 5, 2018, Transco — extending from South Texas to New York City — transported a record-breaking 15.58 million dekatherms (MMdt).
The latest volume beat the prior record that was established on Jan 1, 2018. The Transco pipeline carried an average of 14.90 MMdt natural gas to the market region from Jan 4 to Jan 6, 2018 — highest average gas transported over three days.
The natural gas delivery records were achieved due to the completion of five fully-contracted Transco expansions including the Gulf Trace, Hillabee Phase 1, Dalton, New York Bay and Virginia Southside II, in 2017. The expansions added over 2.8 MMdt of firm transportation capacity to the existing pipeline system, accounting formore than 25% in Transco’s design.
Transco, the nation’s largest-volume natural gas transmission system, helped in providing essential services in this freezing weather conditions in the United States to gas distribution companies, power generators and other customers located along the Eastern Seaboard and Gulf Coast.
In view of the increasing natural gas demand, expansions on the Transco project are still underway. Currently, two additional Transco projects — Atlantic Sunrise and Garden State Phase II — are in progress and is intended to create about 1.9 MMdt of additional pipeline capacity in 2018.
Transco, a wholly owned subsidiary of Williams Partners, supplies natural gas to customers through its 10,200-mile pipeline network whose mainline stretches about 1,800 miles between South Texas and New York City. The system is a key provider of cost-effective natural gas services in 12 Southeast and Atlantic Seaboard states as well as international markets.
Price Performance
Williams Partners’ shares have gained 4.7% compared with the industry’s rally of 3.2% in the last three months.
Zacks Rank & Key Picks
Williams Partners carries a Zacks Rank #3 (Hold). A few better-ranked players in the energy sector include Statoil ASA , Pioneer Natural Resources Company (PXD - Free Report) , and Northern Oil and Gas Inc (NOG - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Statoil, based in Norway, is a major international integrated oil and gas company. It saw an average negative earnings surprise of 8.44% in the last four quarters.
Headquartered in Irving, TX, Pioneer Natural Resources Company is an independent oil and gas exploration and production company. The company delivered an average positive earnings surprise of 67.62% in the last four quarters.
Northern Oil and Gas, based in Minnetonka, MN, is an independent energy company. The company delivered an average positive earnings surprise of 175.00% during the same time frame.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Williams Partners' Transco Pipeline Sets Gas Delivery Record
Williams Partners L.P. set a new record of delivering the highest amount of natural gas on Transco interstate gas pipeline. On Jan 5, 2018, Transco — extending from South Texas to New York City — transported a record-breaking 15.58 million dekatherms (MMdt).
The latest volume beat the prior record that was established on Jan 1, 2018. The Transco pipeline carried an average of 14.90 MMdt natural gas to the market region from Jan 4 to Jan 6, 2018 — highest average gas transported over three days.
The natural gas delivery records were achieved due to the completion of five fully-contracted Transco expansions including the Gulf Trace, Hillabee Phase 1, Dalton, New York Bay and Virginia Southside II, in 2017. The expansions added over 2.8 MMdt of firm transportation capacity to the existing pipeline system, accounting formore than 25% in Transco’s design.
Transco, the nation’s largest-volume natural gas transmission system, helped in providing essential services in this freezing weather conditions in the United States to gas distribution companies, power generators and other customers located along the Eastern Seaboard and Gulf Coast.
In view of the increasing natural gas demand, expansions on the Transco project are still underway. Currently, two additional Transco projects — Atlantic Sunrise and Garden State Phase II — are in progress and is intended to create about 1.9 MMdt of additional pipeline capacity in 2018.
Transco, a wholly owned subsidiary of Williams Partners, supplies natural gas to customers through its 10,200-mile pipeline network whose mainline stretches about 1,800 miles between South Texas and New York City. The system is a key provider of cost-effective natural gas services in 12 Southeast and Atlantic Seaboard states as well as international markets.
Price Performance
Williams Partners’ shares have gained 4.7% compared with the industry’s rally of 3.2% in the last three months.
Zacks Rank & Key Picks
Williams Partners carries a Zacks Rank #3 (Hold). A few better-ranked players in the energy sector include Statoil ASA , Pioneer Natural Resources Company (PXD - Free Report) , and Northern Oil and Gas Inc (NOG - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Statoil, based in Norway, is a major international integrated oil and gas company. It saw an average negative earnings surprise of 8.44% in the last four quarters.
Headquartered in Irving, TX, Pioneer Natural Resources Company is an independent oil and gas exploration and production company. The company delivered an average positive earnings surprise of 67.62% in the last four quarters.
Northern Oil and Gas, based in Minnetonka, MN, is an independent energy company. The company delivered an average positive earnings surprise of 175.00% during the same time frame.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>