Last $58.63 USD
Change Today +0.0174 / 0.03%
Volume 598.1K
WMB On Other Exchanges
Symbol
Exchange
New York
As of 11:14 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

williams cos inc (WMB) Snapshot

Open
$58.58
Previous Close
$58.61
Day High
$58.75
Day Low
$58.38
52 Week High
06/16/14 - $59.68
52 Week Low
12/12/13 - $33.98
Market Cap
43.8B
Average Volume 10 Days
5.1M
EPS TTM
$0.78
Shares Outstanding
747.3M
EX-Date
--
P/E TM
74.9x
Dividend
$2.24
Dividend Yield
2.68%
Current Stock Chart for WILLIAMS COS INC (WMB)

williams cos inc (WMB) Related Businessweek News

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williams cos inc (WMB) Details

The Williams Companies, Inc. operates as an energy infrastructure company. The company’s Williams Partners segment owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the offshore Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area. This segment also owns and operates a natural gas pipeline system extending from the San Juan basin in northwestern New Mexico and southwestern Colorado through Colorado, Utah, Wyoming, Idaho, Oregon, and Washington to a point on the Canadian border near Sumas, Washington; gulfstream natural gas pipeline system extending from the Mobile Bay area in Alabama to markets in Florida; and constitution pipeline that connects its gathering system in Susquehanna County, Pennsylvania to the Iroquois Gas Transmission and Tennessee Gas Pipeline systems. In addition, this segment gathers, treats, and processes natural gas; produces, fractionates, stores, markets, and transports natural gas liquids (NGL); and offers deepwater production handling and crude oil transportation services, as well as transports and stores natural gas to local natural gas distribution companies, municipal utilities, direct industrial users, electric power generators, and natural gas marketers and producers. Its Williams NGL & Petchem Services segment extracts, fractionates, treats, stores, and sells propane, propylene, normal butane, isobutane/butylene, and condensate to users in energy and petrochemical industries. The company’s Access Midstream Partners segment offers gathering, treating, and compression services to other producers. As of February 19, 2014, it owned interests in or operates 15,000 miles of interstate gas pipelines; 1,000 miles of NGL transportation pipelines; and approximately 10,000 miles of oil and gas gathering pipelines. The company was founded in 1908 and is headquartered in Tulsa, Oklahoma.

williams cos inc (WMB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $1.0M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $642.7K
Chief Administrative Officer and Senior Vice ...
Total Annual Compensation: $456.0K
Senior Vice President of Gulf & Atlantic Oper...
Total Annual Compensation: $452.7K
Senior Vice President and General Counsel
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

williams cos inc (WMB) Key Developments

Williams Companies, Inc. Reaffirms Dividend Guidance for the Third Quarter of 2014 and Full Year 2014, 2015, 2016 and 2017

Williams Companies, Inc. is affirming previously announced dividend guidance as follows: increase its third-quarter 2014 dividend 32% to $0.56, or $2.24 on an annualized basis. In addition to the third-quarter 2014 dividend increase, the company also is affirming dividend-growth guidance of approximately 15% annually -- from the higher third-quarter 2014 base -- through 2017 with planned dividends of approximately $1.96 in 2014, $2.46 in 2015, $2.82 in 2016, and $3.25 in 2017.

Williams Companies, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditures Guidance for the Year 2014

Williams Companies, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, adjusted income from continuing operations was $158 million or $0.23 per share compared with $129 million or $0.19 per share for second quarter 2013. The increases in adjusted income for the quarter were driven by the growth in Williams Partners fee-based revenues, as well as higher adjusted Geismar results, partially offset by lower NGL margins and higher net interest expense and income tax expense. Net income attributable to Williams was $103 million or $0.15 per share on a diluted basis compared with net income of $142 million or $0.21 per share on a diluted basis for second-quarter 2013. The decline in net income during second-quarter 2014 was driven by lower NGL and olefin margins, as well as $36 million higher net interest expense associated with recent debt issuances, partially offset by increased fee-based revenues and lower income tax expense. For the six months, adjusted income from continuing operations was $348 million or $0.50 per share compared with $281 million or $0.41 per share for the first six months of 2013. The increases in adjusted income for the year-to-date period were driven by similar factors that drove the quarterly comparison. Net income was $243 million or $0.35 per share on a diluted basis compared with net income of $303 million, or $0.44 per share for the same time period in 2013. The decline in net income for the first half of 2014 was primarily due to $95 million of first-quarter 2014 charges related to the proposed Bluegrass Pipeline project, as well as $48 million higher net interest expense. Capital expenditures for the company included in guidance for 2014 through 2016 were increased by approximately $2.55 billion to reflect the consolidation of Access Midstream Partners. Additionally, capital expenditures have been decreased by approximately $565 million to reflect a shift in capital spending to periods beyond 2016 for developing Canadian projects in the Williams NGL & Petchem Services segment.

Williams Companies, Inc. Enters into Amendment No. 1 to the First Amended and Restated Credit Agreement

On June 27, 2014, The Williams Companies, Inc., as borrower, entered into amendment No. 1 to the first amended & restated credit agreement, dated as of July 31, 2013 (the credit agreement), by and among the Company, the lenders named therein and Citibank N.A., as administrative agent. The amendment, among other things, amends certain defined terms and provisions concerning the maintenance of ownership of the general partner of Williams Partners L.P. and the indebtedness of certain subsidiaries of the Company that act as general partner of Williams Partners L.P. and of Access Midstream Partners, L.P. (ACMP). After giving effect to such amendments and provisions, the calculations of debt and EBITDA exclude the debt and EBITDA of any Designated MLP in a manner consistent with the calculations of debt and EBITDA in respect of Williams Partners L.P., and the general partner of ACMP is prohibited from the incurrence of certain indebtedness in contravention of the debt covenant in the credit agreement so long as ACMP is a Designated MLP under the credit agreement. The amendment increases permitted financial covenant thresholds such that after giving effect to the amendment, the credit agreement prohibits the ratio of debt to EBITDA to exceed: 5.50 to 1.00 at the end of any fiscal quarter in which one or more acquisitions for a total aggregate purchase price equal to or greater than $50 million has been executed, and at the end of the two following fiscal quarters; and 4.75 to 1.00 at the end of any other fiscal quarter. The amendment further introduced a new provision that permits any transaction or series of transactions pursuant to which Williams Partners L.P. and ACMP, are merged, consolidated or otherwise combined into one master limited partnership.

 

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