Williams Companies, Inc.'s board of directors has approved a regular dividend of $0.3525 on the company's common stock, payable on June 24, 2013, to holders of record at the close of business on June 7, 2013. The second-quarter 2013 dividend is 17.5% higher than the year-ago amount and 4% higher than the most recent quarterly dividend. The company continues to expect to increase the full-year dividend it pays shareholders by 20% in each 2013, 2014 and 2015 -- to per-share amounts of $1.44, $1.75 and $2.11, respectively. Williams' full-year dividend for 2012 was $1.20 per share.

Williams Companies, Inc. reported unaudited consolidated earnings results for the first quarter of fiscal 2013. Income from continuing operations attributable to the company's common stockholders was $162 million or $0.23 per diluted share compared to $287 million or $0.47 per diluted share a year ago. Net income was $161 million or $0.23 per diluted share compared to $423 million or $0.70 per diluted share a year ago. Adjusted income from continuing operations was $152 million or $0.22 per diluted share compared to $236 million or $0.39 per diluted share a year ago. Adjusted segment profit and DD&A was $708 million compared to $766 million a year ago. The decline in first-quarter 2013 net income was primarily due to sharply lower natural gas liquid (NGL) margins and related ethane rejection at Williams Partners, as well as the absence of $207 million of income in first-quarter 2012 associated with the sale of certain of the company's former Venezuela operations, of which $144 million was recorded within discontinued operations. The company is lowering its 2013-14 guidance for earnings and cash flows to reflect expected lower NGL processing margins due to higher natural gas price and lower NGL price assumptions and related lower ethane transportation volumes. Additionally, the lower segment profit guidance in 2014 includes changes in assumed in-service dates for certain projects. Partially offsetting these less favorable assumptions are expectations for continued strong olefins margins. The company expects total capital & investment expenditures of $4,395 million, cash flow from operations of $2,100 million, adjusted segment profit of $1,780 million and adjusted segment profit and DD&A of $1,780 million or $0.73 per diluted share for the year 2013. The company expects reported segment profit to be in the range of $1,666 million to $1,906 million, net interest expense to be in the range of $525 million to $535 million, pre-tax income to be in the range of $997 million to $1,217 million, income from continuing operations to be in the range of $720 million to $855 million, income from continuing operations attributable to the company to be in the range of $455 million to $560 million and diluted EPS to be in the range of $0.66 to $0.81. The company expects adjusted segment profit to be in the range of $1,660 million to $1,900 million, net interest expense to be in the range of $525 million to $535 million, pre-tax income to be in the range of $980 million to $1,200 million, income from continuing operations to be in the range of $705 million to $840 million, income from continuing operations attributable to the company to be in the range of $445 million to $550 million and diluted EPS to be in the range of $0.65 to $0.80. The company expects midpoint guidance for total capital & investment expenditures of $3,220 million, cash flow from operations of $3,050 million, adjusted segment profit of $2,613 million and adjusted segment profit and DD&A of $3,638 million or $1.30 per diluted share for the year 2014. The company expects midpoint guidance for total capital & investment expenditures of $2,575 million, cash flow from operations of $3,300 million, adjusted segment profit of $3,200 million and adjusted segment profit and DD&A of $4,345 million or $1.55 per diluted share for the year 2015.

Williams NGL & Petchem Services reported unaudited earnings results for the first quarter of fiscal 2013. For the quarter, the company's profit was $36 million compared to $40 million a year ago. Adjusted profit was $36 million compared to $40 million a year ago. Segment profit decreased primarily due to increased operating and maintenance costs, including depreciation related to the Boreal pipeline, which was placed into service June 2012. Product margins remained consistent due to offsetting price and volume variances and fee-based revenues were slightly higher. Lower per-unit NGL product margins were offset by higher sales volumes; whereas higher per-unit propylene product margins were offset by lower sales volumes. Adjusted segment profit and DD&A was $43 million compared to $44 million a year ago. The company expects midpoint guidance for reported segment profit of $85 million, adjusted segment profit of $85 million and adjusted segment profit and DD&A of $140 million for the year 2013. The company expects midpoint guidance for reported segment profit of $140 million, adjusted segment profit of $120 million and adjusted segment profit and DD&A of $185 million for the year 2014.