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Williams Companies Inc. (NYSE: WMB) is one of the largest energy infrastructure providers in North America. The company primarily operates in the midstream sector, focusing on interstate natural gas pipelines, midstream gathering and processing, natural gas and natural gas liquids transportation, and olefins production. Williams Companies owns and operates significant assets, including the Transco and Northwest pipeline systems, which are vital for natural gas transportation and storage.
Founded with a commitment to diversity, Williams Companies takes pride in being an equal opportunity employer. The company's dedication to inclusive employment practices ensures that all qualified applicants receive fair consideration irrespective of race, color, religion, gender, sexual orientation, gender identity and expression, national origin, genetic information, disability, age, military status, veteran status, or any other characteristic protected by applicable law.
In a strategic move in August 2018, Williams acquired the remaining 26% stake in its limited partner, Williams Partners, consolidating its ownership and streamlining operations. This acquisition has positioned the company to better manage its assets and leverage synergies to enhance operational efficiency.
Williams Companies continues to expand its footprint through strategic acquisitions and partnerships. A recent example is the acquisition of Cureton Front Range LLC by Williams Field Services Group, LLC, a subsidiary of Williams Companies. The acquisition, expected to close in December 2023, illustrates Williams' commitment to scaling its operations and enhancing its service portfolio. Cureton's assets include over 260 miles of pipelines, significant natural gas processing capacities, and long-term contracts with leading operators. This move is poised to strengthen Williams' capabilities in the midstream sector, particularly in the DJ Basin.
Williams Companies' robust infrastructure and strategic investments underscore its pivotal role in the North American energy landscape. The company continuously adapts to market dynamics, ensuring sustainability and growth. Financially, Williams Companies demonstrates strong performance metrics, supported by strategic acquisitions and efficient asset management.
For more information about Williams Companies Inc., please visit their official website or consult the latest financial reports and press releases.
Williams (NYSE: WMB) reports unaudited financial results for Q3 2021, highlighting a net income of $164 million or $0.13 per diluted share, with Adjusted EPS of $0.34, up 26% from the previous year. Adjusted EBITDA reached $1.42 billion, up 12% YoY. The company achieved record quarterly gathering volumes of 14 Bcf/d and increased its full-year Adjusted EBITDA guidance to $5.525 billion, an 8% rise over 2020. It also announced a capital allocation strategy including a $1.5 billion stock buyback program, demonstrating strong financial health and sustainable growth in the natural gas sector.
Williams (NYSE: WMB) has announced a regular dividend of $0.41 per share, totaling $1.64 annually. This dividend is payable on December 27, 2021, to stockholders on record by December 10, 2021. The new dividend reflects a 2.5% increase from the previous $0.40 per share paid in December 2020.
Williams has consistently paid dividends quarterly since 1974, highlighting its commitment to returning value to shareholders while maintaining operations across the natural gas supply chain.
Williams (NYSE: WMB) is set to announce its third-quarter 2021 financial results after market close on November 1, 2021. The earnings conference call will occur on November 2, 2021, at 9:30 a.m. Eastern Time. Interested participants can join via phone by registering through the provided link. A webcast of the conference call will be available on the company's website, with replay access for at least 90 days.
Williams is a leader in natural gas infrastructure, operating over 30,000 miles of pipelines and handling around 30% of the U.S. natural gas supply.
Williams (NYSE: WMB) has announced the pricing of a public offering of $600 million in 2.600% Senior Notes due 2031 and $650 million in 3.500% Senior Notes due 2051. The new notes will trade interchangeably with previous issuances. The settlement date is expected on October 8, 2021. Proceeds will be used for general corporate purposes, including repaying $1.25 billion of 3.60% Senior Notes due 2022. Barclays Capital, SMBC Nikko, Truist Securities, and Wells Fargo are joint book-running managers for the offering.
Williams (NYSE: WMB) has announced a new Share Repurchase Program, authorizing up to $1.5 billion for the buyback of its common stock. This initiative is effective immediately and aligns with the company's strategy to maximize shareholder value.
President and CEO Alan Armstrong expressed confidence in the company’s robust balance sheet and excess free cash flow, indicating that the buyback will be opportunistically executed based on market conditions. The company aims to repurchase shares while maintaining its current credit ratings.
Williams (NYSE: WMB) will participate in the 2021 Barclays CEO-Energy Power Conference on September 8. President and CEO Alan Armstrong will present at 8:35 a.m. Eastern Time, followed by a Q&A session. A live webcast and presentation slides will be accessible on the company's investor relations website. Williams is a leader in natural gas infrastructure, operating over 30,000 miles of pipelines, including Transco, the largest and fastest-growing pipeline in the nation. The company connects supply with clean energy demand across the U.S.
Williams (NYSE: WMB) announced that John Chandler, CFO, will retire on March 31, 2022. Chandler joined Williams in 2017, leading financial operations and achieving notable improvements in the company's balance sheet and credit rating metrics. His departure marks the end of a significant tenure, during which he contributed to the company's growth and value for shareholders. Chandler expressed gratitude for his role in advancing Williams' strategic vision and will assist in finding a successor. Williams remains committed to providing infrastructure for the clean energy economy and operates over 30,000 miles of pipelines.
Williams (NYSE: WMB) has secured a pivotal agreement with Shell Offshore Inc. and Chevron U.S.A. Inc. for offshore natural gas gathering, crude oil transportation, and onshore natural gas processing services for the Whale development, situated about 10 miles from the Perdido facility. The project includes a 25-mile gas lateral pipeline and a 125-mile oil pipeline, with the first production expected in 2024. Williams aims to enhance its Gulf of Mexico infrastructure, expanding its operational footprint significantly as it connects vital deepwater resources.
Williams reported strong financial results for Q2 2021, with net income of $304 million ($0.25 per share) and adjusted EPS of $0.27, up 8% year-over-year. Cash flow from operations decreased to $1.1 billion, while available funds from operations increased to $919 million. Adjusted EBITDA rose to $1.317 billion, a 6% increase. The company achieved record gas gathering volumes of 13.79 Bcf/d and improved its dividend coverage ratio to 1.85x. Key strategic transactions were executed, including joint ventures and acquisitions aimed at optimizing assets and growth.
Williams (NYSE: WMB) has announced a quarterly dividend of $0.41 per share, totaling $1.64 annually, payable on September 27, 2021, to stockholders of record by September 10, 2021. This dividend reflects a 2.5% increase from the $0.40 per share dividend paid in September 2020, continuing Williams' streak of dividend payments every quarter since 1974. A portion of this distribution may qualify as a return of capital for tax purposes.
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