Williams - WMB STOCK NEWS

Williams (NYSE: WMB) reported strong financial results for 2024, achieving record Adjusted EBITDA of $7.08 billion, up 4.4% from 2023. The company posted GAAP net income of $2.222 billion ($1.82 per diluted share) and Adjusted net income of $2.347 billion ($1.92 per diluted share).

Key achievements include record contracted transmission capacity of 33.4 Bcf/d (up 3.4% from 2023), successful completion of multiple Transco expansions, and strategic acquisitions including Rimrock's DJ gathering system. The company raised its 2025 Adjusted EBITDA guidance midpoint by 3% to between $7.45-$7.85 billion, projecting a 5-year CAGR of 8% through 2025.

Williams increased its dividend by 5.3% to $2.00 annualized, maintaining its quarterly dividend streak since 1974. The company achieved a leverage ratio of 3.79x in 2024 and demonstrated strong dividend coverage at 2.32x (AFFO basis).

Williams (NYSE: WMB) has achieved significant recognition for its sustainability leadership across multiple prestigious indices. The company has been included in the Dow Jones Sustainability Index (DJSI) North America for the fifth consecutive year and the DJSI World index for the fourth consecutive year. Williams secured the top score in the 2024 Corporate Sustainability Assessment for North American Oil & Gas Storage & Transportation industry.

Notable achievements include receiving an 'A-' score on the 2024 CDP Climate Change Questionnaire and an upgrade to 'AA' from 'A' by MSCI. The company also maintained a GRESB Public Disclosure Level A score for 2024, ranking first within U.S. Energy and Water Resources Comparison Group.

CEO Alan Armstrong emphasized that natural gas plays a important role in transitioning to a low-carbon future, highlighting Williams' commitment to sustainable operations, emissions transparency, reduction, and continuous improvement as one of the nation's largest natural gas infrastructure companies.

Williams (NYSE: WMB) has announced a 5.3% increase in its quarterly dividend to $0.50 per share ($2.00 annualized), up from the previous quarter's $0.4750 per share. The dividend will be payable on March 31, 2025, to shareholders of record as of March 14, 2025. A portion of this distribution may be classified as a return of capital for tax purposes. The company has maintained its track record of paying quarterly dividends consistently since 1974, demonstrating a long-standing commitment to shareholder returns.

Williams (NYSE: WMB) announced that the Federal Energy Regulatory Commission (FERC) has reinstated the certificate for Transco's Regional Energy Access Expansion (REA) project. The reinstatement takes effect immediately upon the D.C. Circuit Court of Appeals' mandate issuance.

The REA project will provide important gas supplies to New Jersey, New York, Pennsylvania, and Maryland, with capacity to serve approximately 4.4 million homes annually. The announcement comes as Transco achieved a new all-time peak day on Jan. 23, 2025, with a total volume of 19.17 Bcf/d, driven by frigid temperatures and normal power and industrial sector demand.

Williams (NYSE: WMB) has announced it will release its fourth-quarter and full-year 2024 financial results after market close on February 12, 2025. The company will host a conference call and webcast with analysts and investors on February 13, 2025, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).

Participants wanting to join the call by phone must register through a provided link. A webcast link will be available on Williams' Investor Relations website, with a replay accessible for at least 90 days following the event.

Williams (NYSE: WMB) has announced the pricing of a $1.5 billion senior notes offering, consisting of two tranches: $1.0 billion of 5.600% Senior Notes due 2035 at 99.843% of par and $500 million of 6.000% Senior Notes due 2055 at 99.330% of par.

The offering's settlement is expected on January 9, 2025, subject to customary closing conditions. The company plans to use the net proceeds to repay commercial paper, near-term debt maturities, and other general corporate purposes. Deutsche Bank Securities, J.P. Morgan Securities, Mizuho Securities USA, and Morgan Stanley & Co. are serving as joint book-running managers for the offering.

Williams (NYSE: WMB) has fully activated the Southside Reliability Enhancement project, expanding Transco's pipeline capacity in North Carolina and Virginia. The expansion adds 423,400 dekatherms per day of contracted capacity, serving over 2 million homes. The project comes online during peak demand, with Transco achieving an all-time peak of 17.77 million dekatherms on December 22.

The enhancement includes a new electric compressor station in Mecklenburg County, VA, additional compression at Station 166 in Pittsylvania County, VA, and upgrades to meter stations in North Carolina. The expansion increases Transco's system-design capacity to 19.9 million dekatherms per day. The project maximized existing infrastructure to minimize environmental impact while meeting growing demand for natural gas in the Carolinas.

Williams (NYSE: WMB) reported strong third-quarter 2024 financial results with record Adjusted EBITDA of $1.703 billion, up 3% from Q3 2023. GAAP net income reached $705 million ($0.58 per share), an 8% increase year-over-year. The company raised its full-year 2024 Adjusted EBITDA guidance midpoint by $125 million to $7.075 billion.

Key operational achievements include placing Transco's Regional Energy Access into service ahead of schedule, completing MountainWest's Uinta Basin expansion, and commissioning facilities for Chevron's Anchor and Shell's Whale fields in the Deepwater Gulf of Mexico. The company also began construction on several projects and received regulatory approvals for new expansions.

Williams (NYSE: WMB) has declared a quarterly dividend of $0.4750 per share, representing an annualized dividend of $1.90. This marks a 6.1% increase from the previous quarter's dividend of $0.4475. The dividend will be payable on Dec. 30, 2024, to shareholders of record as of Dec. 13, 2024. The company has maintained an unbroken record of quarterly dividend payments since 1974, marking 50 years of consistent distributions to shareholders.