Williams 2Q13: Marcellus Profit $12M, Gathered Volumes Up 76%
Williams Partners, a subsidiary of midstream behemoth Williams company, reported their second quarter financials and operational update yesterday. They report revenue for 2Q13 was up 5.3% from last year this time. The northeast (Marcellus) portion of Williams’ operations reports a profit of $12 million for 2Q13. In 2Q12 they had a $20 million loss–so this year shows a dramatic $32 million turnaround–no doubt due to the fact that Williams’ gathered volumes in the Marcellus shot up 76% from last year this time.
Select portions of yesterday’s update dealing with the Marcellus: