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Williams Partners' Garden State Expansion Project Goes Live
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Williams Partners L.P. has brought online the facilities constructed as part of Phase 2 of the Garden State Expansion Project.
The project is an expansion of the Transco pipeline system intended to transport additional natural gas capacity of 180,000 dekatherms per day to New Jersey Natural Gas. Phase 1 of the project was commissioned in September 2017.
Beginning from Transco’s Zone 6 Station 210 Pooling Point in Mercer County, NJ, the project offers firm transportation to a new interconnection on its Trenton Woodbury Lateral in Burlington County, NJ. The scope of the project included the installation of a new compressor station, meter and regulating station in Burlington County. It included alterations and the addition of compression at an existing Transco compressor station in the state.
New Jersey Natural Gas offers service to over half a million customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties.
Transco, a wholly-owned subsidiary of Williams Partners, is the nation’s largest-volume and fastest-growing interstate natural gas pipeline system. With a pipeline network of 10,200 mile, it delivers natural gas to customers whose mainline extends about 1,800 miles between South Texas and New York City. The network provides natural gas services in a cost-effective manner to 12 Southeast and Atlantic Seaboard states in the United States.
For 2018, the partnership expects growth capital spending at $2.7 billion. Of this total, Williams Partners estimates capital expenditure for the Transco growth project at $1.7 billion. The company’s capital budget is focused primarily on the expansion of Transco pipeline system — the largest interstate natural gas pipeline network in the nation — and other projects that are likely to provide sustainable and steady fee-based revenues over a length of time. It is to be noted that all the expansion projects, including Gulf Trace, Hillabee Phase 1, Dalton, New York Bay and Virginia Southside II have commenced service.
Price Performance
Williams Partners’ shares have lost 8.4% in the last three months, compared with the industry’s 10.8% decline.
Zacks Rank & Key Picks
Williams Partners carries a Zacks Rank #3 (Hold).
A few better-ranked players in the same sector are Continental Resources, Inc , Pioneer Natural Resources Company (PXD - Free Report) and Concho Resources Inc . All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Continental Resources is an independent oil and natural gas exploration and production company. It delivered an average positive earnings surprise of 64.9% over the last four quarters.
Headquartered at Irving, TX, Pioneer Natural Resources Company is an independent oil and gas exploration and production entity. It pulled off an average beat of 66.92% in the trailing four quarters.
Concho Resources is an independent oil and natural gas company. It delivered a positive surprise of 48.9% during the same time frame.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Williams Partners' Garden State Expansion Project Goes Live
Williams Partners L.P. has brought online the facilities constructed as part of Phase 2 of the Garden State Expansion Project.
The project is an expansion of the Transco pipeline system intended to transport additional natural gas capacity of 180,000 dekatherms per day to New Jersey Natural Gas. Phase 1 of the project was commissioned in September 2017.
Beginning from Transco’s Zone 6 Station 210 Pooling Point in Mercer County, NJ, the project offers firm transportation to a new interconnection on its Trenton Woodbury Lateral in Burlington County, NJ. The scope of the project included the installation of a new compressor station, meter and regulating station in Burlington County. It included alterations and the addition of compression at an existing Transco compressor station in the state.
New Jersey Natural Gas offers service to over half a million customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties.
Transco, a wholly-owned subsidiary of Williams Partners, is the nation’s largest-volume and fastest-growing interstate natural gas pipeline system. With a pipeline network of 10,200 mile, it delivers natural gas to customers whose mainline extends about 1,800 miles between South Texas and New York City. The network provides natural gas services in a cost-effective manner to 12 Southeast and Atlantic Seaboard states in the United States.
For 2018, the partnership expects growth capital spending at $2.7 billion. Of this total, Williams Partners estimates capital expenditure for the Transco growth project at $1.7 billion. The company’s capital budget is focused primarily on the expansion of Transco pipeline system — the largest interstate natural gas pipeline network in the nation — and other projects that are likely to provide sustainable and steady fee-based revenues over a length of time. It is to be noted that all the expansion projects, including Gulf Trace, Hillabee Phase 1, Dalton, New York Bay and Virginia Southside II have commenced service.
Price Performance
Williams Partners’ shares have lost 8.4% in the last three months, compared with the industry’s 10.8% decline.
Zacks Rank & Key Picks
Williams Partners carries a Zacks Rank #3 (Hold).
A few better-ranked players in the same sector are Continental Resources, Inc , Pioneer Natural Resources Company (PXD - Free Report) and Concho Resources Inc . All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Continental Resources is an independent oil and natural gas exploration and production company. It delivered an average positive earnings surprise of 64.9% over the last four quarters.
Headquartered at Irving, TX, Pioneer Natural Resources Company is an independent oil and gas exploration and production entity. It pulled off an average beat of 66.92% in the trailing four quarters.
Concho Resources is an independent oil and natural gas company. It delivered a positive surprise of 48.9% during the same time frame.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>