The Company has entered into an agreement to buy Williams Companies Inc.’s and Williams Partners L.P.’s Canadian NGL midstream businesses for $1.35 bn. IPL expects the transaction to close in 3Q16. Inter Pipeline’s second quarter results were above expectations as IPL improved FFO contributions from all four business segments y/y. IPL reported an adjusted EBITDA of $252 mm (FCCe: $250 mm; consensus: $243 mm) and EPS of $0.34 (FCCe: $0.39; consensus: $0.33). We have increased
18 Aug 2016
Agrees to Acquire Williams Canada NGL Midstream Business; 2Q16 FFO $197 mm (FCCe: $194 mm; consensus $185 mm)
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Agrees to Acquire Williams Canada NGL Midstream Business; 2Q16 FFO $197 mm (FCCe: $194 mm; consensus $185 mm)
- Published:
18 Aug 2016 -
Author:
Steven I. Paget -
Pages:
7
The Company has entered into an agreement to buy Williams Companies Inc.’s and Williams Partners L.P.’s Canadian NGL midstream businesses for $1.35 bn. IPL expects the transaction to close in 3Q16. Inter Pipeline’s second quarter results were above expectations as IPL improved FFO contributions from all four business segments y/y. IPL reported an adjusted EBITDA of $252 mm (FCCe: $250 mm; consensus: $243 mm) and EPS of $0.34 (FCCe: $0.39; consensus: $0.33). We have increased