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Williams Companies Inc. - WMB STOCK NEWS

Welcome to our dedicated page for Williams Companies news (Ticker: WMB), a resource for investors and traders seeking the latest updates and insights on Williams Companies stock.

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.

News

Williams to Report Fourth-Quarter and Full-Year 2023 Financial Results Feb. 14; will host Clean Energy Expo Feb. 13 and Analyst Day event Feb. 14 in Washington D.C.

Rhea-AI Summary
Williams (WMB) will host a Clean Energy Expo in Washington D.C. to showcase how the natural gas industry is reducing global emissions through cutting-edge technologies. The expo will feature demonstrations from around 20 different companies and panel discussions with top leaders from Williams, Cheniere Energy, Inc., and EQT Corporation. Williams plans to announce its fourth-quarter and full-year 2023 financial results before the market opens on Wednesday, Feb. 14, 2024, ahead of its 2024 Analyst Day event in Washington D.C., which will cover the company's natural gas-focused strategy to meet clean energy demands while delivering shareholder value.
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Williams Names New D.C. Leadership Team

Rhea-AI Summary
Former Under Secretary for Minority Business Development Donald “Don” R. Cravins, Jr. has been named Head of Government Affairs and Outreach at Williams (NYSE: WMB), while Liz Bowman was named Vice President of Government Affairs. Cravins will be responsible for enhancing Williams’ relationships with key state and federal policymakers and lawmakers, while Bowman leads Williams’ in-house government affairs team and directs the activities of external consultants. Both have a deep understanding of government and experience with advocacy organizations, uniquely positioning them to elevate Williams' voice and impact real change for the company and the industry.
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Williams Closes Acquisition of Major Natural Gas Storage Portfolio

Rhea-AI Summary
Williams (WMB) completes acquisition of natural gas storage assets for $1.95 billion. The acquisition includes six underground natural gas storage facilities in Louisiana and Mississippi with a total capacity of 115 Bcf, 230 miles of gas transmission pipeline, and 30 pipeline interconnects. The acquisition price represents an approximate 10x estimated 2024 EBITDA multiple. President and CEO Alan Armstrong highlights the strategic value of the acquisition in meeting growing demand driven by LNG exports and power generation.
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Williams Prices $2.1 Billion of Senior Notes

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Williams (WMB) announces pricing of $1.1 billion 4.900% Senior Notes due 2029 and $1.0 billion 5.150% Senior Notes due 2034. Expected settlement date is January 5, 2024. Net proceeds to be used for general corporate purposes, including debt repayment. Barclays Capital Inc., Citigroup Global Markets Inc., Truist Securities, Inc., and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
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Williams Announces Acquisition of Strategic Gulf Coast Natural Gas Storage Portfolio with Direct Access to LNG Export Facilities and Interstate Pipelines

Rhea-AI Summary
Williams (NYSE: WMB) has agreed to acquire a portfolio of natural gas storage assets from Hartree Partners LP for $1.95 billion. The acquisition includes six underground natural gas storage facilities located in Louisiana and Mississippi with a total capacity of 115 Bcf, as well as 230 miles of gas transmission pipeline and 30 pipeline interconnects. The acquisition price represents an approximate 10x estimated 2024 EBITDA multiple. The transaction is expected to close in January 2024.
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Williams Completes Strategic Transactions in D.J. Basin

Rhea-AI Summary
Williams (WMB) closed two strategic transactions, acquiring Cureton Front Range LLC and KKR's 50% ownership interest in Rocky Mountain Midstream Holdings LLC, making it the third largest gatherer in the DJ Basin. The acquisitions have a combined value of $1.27 billion, with proceeds from recent sales and legal judgment funding the transactions.
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Cureton Midstream Announces Sale to Williams

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Tailwater Capital and Ares Management have signed definitive agreements to sell Cureton Front Range to Williams Field Services Group, with an expected close in December 2023. Cureton is a premier multi-customer midstream gathering and processing platform in the DJ Basin in Colorado. Cureton's asset base consists of over 260 miles of pipelines, 109 MMcf/d of natural gas processing capacity, and 64,000 horsepower of compression. The sale is expected to position Cureton for continued growth.
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Williams Reports Strong Third-Quarter Results

Rhea-AI Summary
Williams (NYSE: WMB) reported solid financial results for Q3 2023, with GAAP net income of $654 million, up 10% YoY, and adjusted net income of $547 million. Adjusted EBITDA was $1.652 billion, a $15 million increase from Q3 2022. Cash flow from operations was $1.234 billion, and available funds from operations were $1.230 billion. The company increased its midpoint for full-year 2023 guidance to $6.7 billion Adjusted EBITDA. Williams also announced the sale of non-core assets, strategic acquisitions in the DJ Basin, and its support for clean hydrogen hubs announced by the U.S. Department of Energy.
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Williams Announces Quarterly Cash Dividend

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Williams' board of directors approves a regular dividend of $0.4475 per share, a 5.3% increase from the previous quarter. Dividend payable on Dec. 26, 2023.
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Williams Selected to Participate in Two Clean Hydrogen Hubs

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U.S. Department of Energy selects Williams as a participant in two hydrogen hubs for investment and development
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FAQ

What is the current stock price of Williams Companies (WMB)?

The current stock price of Williams Companies (WMB) is $58.7 as of November 20, 2024.

What is the market cap of Williams Companies (WMB)?

The market cap of Williams Companies (WMB) is approximately 71.3B.

What does Williams Companies Inc. do?

Williams Companies Inc. operates in the midstream sector, providing energy infrastructure services such as natural gas transportation, processing, and storage.

What are the main assets of Williams Companies?

The company owns and operates major pipeline systems like Transco and Northwest, along with associated natural gas gathering, processing, and storage assets.

How does Williams Companies promote diversity?

Williams Companies is committed to creating a diverse work environment and is proud to be an equal opportunity employer, ensuring fair consideration for all qualified applicants.

What recent acquisitions has Williams Companies made?

In December 2023, Williams is expected to finalize the acquisition of Cureton Front Range LLC, strengthening their presence in the DJ Basin with extensive pipeline and processing assets.

How can I learn more about Williams Companies' financial performance?

You can visit the company's official website or consult their latest financial reports and press releases for detailed information.

What is Williams Companies' stock symbol?

Williams Companies Inc. is listed on the New York Stock Exchange under the ticker symbol 'WMB'.

What strategic partnerships does Williams Companies have?

Williams has formed strategic partnerships and acquisitions, such as the recent purchase of Cureton, to enhance its midstream service capabilities.

How does Williams Companies impact the energy sector?

Williams plays a key role in the North American energy infrastructure, ensuring efficient transportation, processing, and storage of natural gas and liquid hydrocarbons.

Where can I find the latest news about Williams Companies?

For the latest updates and news, visit the company's official website or follow their press releases and news sections on financial websites.

Who are the key customers of Williams Companies?

Williams Companies serves a range of customers including natural gas producers, utilities, and other energy companies, underpinned by long-term contracts with blue-chip operators.

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Williams Companies Inc.

NYSE:WMB

WMB Rankings

#191 Ranked by Market Cap
#965 Ranked by Dividends

WMB Stock Data

71.25B
1.21B
0.41%
88.49%
1.45%
Oil & Gas Midstream
Natural Gas Transmission
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United States of America
TULSA