Last $58.39 USD
Change Today -0.185 / -0.32%
Volume 947.0K
WMB On Other Exchanges
Symbol
Exchange
New York
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As of 12:39 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

williams cos inc (WMB) Snapshot

Open
$58.42
Previous Close
$58.57
Day High
$58.61
Day Low
$58.20
52 Week High
06/16/14 - $59.68
52 Week Low
07/25/13 - $33.37
Market Cap
43.6B
Average Volume 10 Days
3.7M
EPS TTM
$0.75
Shares Outstanding
747.0M
EX-Date
--
P/E TM
77.4x
Dividend
$2.24
Dividend Yield
2.69%
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.

4,909 Employees
Last Reported Date: 02/26/14
Founded in 1908

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. 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.

Williams Proposes merger of Williams Partners with Access Midstream

Williams Companies, Inc. (NYSE:WMB) proposes Williams Partners L.P. (NYSE:WPZ) merge in a unit-for-unit exchange at a ratio of 0.85Acccess Midstream Partners, L.P. (NYSE:ACMP) units per Williams Partners unit. The proposed merger terms will be subject to negotiation, review and approval by conflicts committees of each partnership's Board of Directors. The conflicts committees, comprised solely of independent board members, are expected to retain legal and financial advisors. Williams expects the proposed merger to be subject to approval by Williams Partners unitholders.

Access Midstream Partners, L.P., Williams Companies, Inc. - M&A Call

To discuss the agreement to acquire the 50% general partner interest and 55.1 million limited partner units in Access Midstream Partners L.P.; and to discuss a proposal to merge Williams Partners L.P. with and into Access Midstream Partners

 

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Industry Analysis

WMB

Industry Average

Valuation WMB Industry Range
Price/Earnings 96.3x
Price/Sales 5.9x
Price/Book 8.7x
Price/Cash Flow 35.4x
TEV/Sales 3.8x
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