Williams Stock Price, News & Analysis

Williams (NYSE: WMB) has announced a public offering of $1.00 billion in 4.650% Senior Notes due 2032 and $750 million in 5.300% Senior Notes due 2052. The notes are priced at 99.635% and 99.954% of par, respectively, with an expected settlement on August 8, 2022. Proceeds will be used for general corporate purposes, including repaying commercial paper and debt maturities. BofA Securities, Citigroup, PNC Capital Markets, and Scotia Capital are the joint book-running managers for this offering.

Williams (NYSE: WMB) announced a direct investment in Aurora Hydrogen, aimed at developing technology to convert natural gas to hydrogen with zero CO₂ emissions. The investment will support the production of 200 kg of hydrogen daily and the establishment of a demonstration plant by 2023. This ties into Williams' strategy to leverage natural gas in decarbonizing energy. Through its Corporate Venture Capital program, Williams has committed approximately $40 million towards clean energy technologies.

Williams (NYSE: WMB) reported its 2Q 2022 financial results, showing a GAAP net income of $400 million ($0.33/share), up 32% year-over-year. Adjusted net income rose 48% to $484 million ($0.40/share), with Adjusted EBITDA increasing 14% to $1.496 billion. The company experienced 4% growth in cash flow from operations, totaling $1.098 billion. Williams upgraded its 2022 Adjusted EBITDA guidance to a midpoint of $6.25 billion, reflecting strong fundamentals in natural gas markets and ongoing projects including the Louisiana Energy Gateway pipeline.

Williams (NYSE: WMB) has declared a quarterly dividend of $0.425 per share, a 3.7% increase from the $0.41 dividend in Q3 2021. The annualized dividend stands at $1.70, payable on September 26, 2022, to shareholders on record by September 9, 2022. This marks the company's commitment to returning capital to shareholders, having maintained quarterly dividends since 1974.

Williams (NYSE: WMB) will announce its second-quarter 2022 financial results on August 1, 2022, after market close. A conference call with analysts is set for August 2, 2022, at 9:30 a.m. ET. The call will be available via phone or webcast, with a replay accessible for at least 90 days on the company's Investor Relations website. Williams specializes in natural gas services, operating over 30,000 miles of pipelines and managing 30% of the U.S. natural gas supply. The company focuses on supporting the clean energy economy through innovation and expanding its offerings.

Williams (NYSE: WMB) has announced a final investment decision on the Louisiana Energy Gateway (LEG), set to gather 1.8 Bcf/d of natural gas from the Haynesville basin for premium markets, including LNG export demand along the Gulf Coast. The project aims to enhance low carbon infrastructure, expand market access, and support carbon capture initiatives. Expected to be operational by late 2024, LEG represents a strategic effort to leverage technology for emissions monitoring while facilitating significant natural gas production growth.

Williams (NYSE: WMB) executives, COO Micheal Dunn and CFO John Porter, will participate in investor meetings at the 2022 J.P. Morgan Energy, Power & Renewables Conference in New York City on June 22. A fireside chat with Dunn is set for 8:20 a.m. ET. Investors can access a live audio link and presentation materials at investor.williams.com. Williams, based in Tulsa, Oklahoma, specializes in natural gas infrastructure and operates over 30,000 miles of pipelines, handling roughly 30% of U.S. natural gas.

Williams (NYSE: WMB) executives, President and CEO Alan Armstrong and CFO John Porter, will attend the 2022 Energy Infrastructure Council Investor Conference in West Palm Beach, Florida on May 16. Armstrong will participate in a fireside chat Q&A session at 9 a.m. Eastern Time. A live webcast and replay will be accessible through Williams' investor website. The company, headquartered in Tulsa, Oklahoma, leads in natural gas infrastructure and operates over 30,000 miles of pipelines, handling 30% of the U.S. natural gas supply for clean energy generation.