Williams Energy Partners to Release Earnings July 29

TULSA, Okla. — Williams Energy Partners L.P. (NYSE:WEG) plans to announce its financial results for second-quarter 2002 before the market opens on Monday, July 29. Partnership management will discuss earnings at 2 p.m. Eastern the same day during a conference call with investors.

To participate in the conference call, dial (800) 289-0468 and provide code 553688. International callers should dial (913) 981-5517 and provide the same code. A webcast will also be available at www.williams.com/investors/weg/calendar.jsp.

Audio replays of the conference call will be available from 6 p.m. Eastern on July 29 through midnight on August 5. To access the replay, dial (888) 203-1112. International callers should dial (719) 457-0820. The access replay code is 553688.

About Williams Energy Partners L.P.

Williams Energy Partners L.P. was formed to own, operate and acquire a diversified portfolio of energy assets. The partnership is engaged principally in the transportation, storage and distribution of refined petroleum products and ammonia. The general partner of WEG is a unit of Williams (NYSE:WMB), which specializes in a broad array of energy-related services, including energy marketing and risk management and natural gas pipeline transportation.


Portions of this document may constitute "forward-looking statements" as defined by federal law. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Examples of such uncertainties and risk factors include, but are not limited to, changes in the price for crude oil, changes in demand for refined petroleum products, adverse developments affecting our ammonia pipeline customers, changes in federal government policies affecting farm subsidies, changes to cost estimates relating to specific acquisitions, changes in economic and industry conditions and changes in regulatory requirements (including changes in environmental requirements). These and other factors are set forth in the Partnership's Form 10-K for the year 2001 filed with the Securities and Exchange Commission.  


Contact Information:

Kelly Swan Williams Media Relations (918) 573-6932

Paula Farrell Williams Investor Relations (918) 573-9233


Contact Information:

Paula Farrell Investor Relations 918-574-7650 paula.farrell@magellanlp.com