Williams Companies Inc. - WMB STOCK NEWS

Williams (NYSE: WMB) has announced a groundbreaking natural gas certification process in partnership with Coterra Energy and Dominion Energy Virginia. This program aims to provide verified, low-carbon natural gas with a focus on reducing methane emissions. Utilizing Context Labs’ Decarbonization-as-a-Service™ (DaaS™) platform, the certification tracks emissions across the entire value chain. The project is expected to prevent 120,000 metric tons of CO2e emissions over one year, aligning with sustainability goals.

Williams (NYSE: WMB) has announced a non-binding heads of agreement with Sempra Infrastructure (NYSE: SRE) aimed at enhancing access to low-carbon natural gas from the Haynesville basin. The agreement includes gas sales of approximately 0.5 Bcf/d and LNG offtake agreements totaling about 3 million tons per annum. Additionally, a joint venture for pipeline operations is proposed, focusing on Sempra's Gulf Coast LNG export facilities. This strategic effort supports the growing demand for cleaner energy, aligning with Williams’ focus on sustainability and innovation.

Sempra Infrastructure has signed a heads of agreement (HOA) with Williams for LNG offtake and development of gas pipelines to enhance U.S. natural gas market connectivity. The agreement includes negotiating long-term contracts for roughly 3 million tonnes per annum (Mtpa) of LNG from Port Arthur and Cameron LNG Phase 2 projects. Additionally, a partnership to manage the 2.35 Bcfd Cameron Interstate Pipeline is anticipated. This allows Sempra to advance its LNG initiatives amid growing global energy demands. However, the HOA remains non-binding and subject to various risks.

Williams (NYSE: WMB) reported third-quarter 2022 financial results, demonstrating robust growth with GAAP net income of $599 million ($0.49 per diluted share) and adjusted net income of $592 million ($0.48 per diluted share), up significantly from 2021. Adjusted EBITDA rose 15% to $1.637 billion. Cash flow from operations surged 79% to $1.490 billion. The company expects 2022 Adjusted EBITDA towards the high end of $6.1 billion to $6.4 billion. Operational performance improved with gathering volumes at 17 Bcf/d and transmission capacity at 24.4 Bcf/d.

Williams (NYSE: WMB) has announced a regular dividend of $0.425 per share, marking a 3.7% increase from the $0.41 per share in Q4 2021. This dividend, which annualizes to $1.70, will be paid on December 26, 2022, to stockholders on record as of December 9, 2022. Williams has consistently paid dividends every quarter since 1974, showcasing its commitment to returning value to shareholders.

Williams (NYSE: WMB) has signed a memorandum of understanding with Daroga Power to advance its clean hydrogen commercialization strategy. The partnership aims to identify long-term customers for clean hydrogen and establish environmental attribute offtake options in Wyoming, with potential hydrogen deliveries starting in 2025. Williams plans to utilize its extensive pipeline system for hydrogen transport in the Pacific Northwest. This initiative is part of a broader strategy to create a clean energy hub and leverage incentives from the Inflation Reduction Act to meet rising clean energy demand.

Williams (NYSE: WMB) is set to reveal its third-quarter 2022 financial results on October 31, 2022, after market close. The company will host a conference call for analysts and investors on November 1, 2022, at 9:30 a.m. ET. Interested participants can register via the provided link. Williams, headquartered in Tulsa, Oklahoma, operates across the natural gas value chain, handling about 30% of the U.S. natural gas used daily. The firm emphasizes clean energy and holds a significant pipeline network, with over 30,000 miles in operation.

Williams (NYSE: WMB) projects its full-year Adjusted EBITDA to be near the high end of its guidance range, estimated between $6.1 and $6.4 billion. The company attributes this forecast to strong expected performance in the third and fourth quarters, despite market volatility. CEO Alan Armstrong emphasized the resilience of Williams’ strategy in the natural gas sector, stating it remains well-positioned amid economic uncertainties like inflation and potential recession.

Three major energy companies, DT Midstream (NYSE: DTM), Southwestern Energy (NYSE: SWN), and Williams (NYSE: WMB), have joined the Appalachian Energy Future alliance. This collaboration aims to develop a clean-energy ecosystem across Ohio, Pennsylvania, and West Virginia. The initiative focuses on educating regional leaders about the benefits of a tri-state hub, addressing policy and regulatory topics. The alliance seeks to establish a national model for clean energy, promoting industrial development and economic growth in the Appalachian region.