Williams Stock Price, News & Analysis

Williams (NYSE: WMB) has acquired NorTex Midstream for $423 million, closing on August 31, 2022. This acquisition includes 80 miles of natural gas transmission pipelines and 36 Bcf of natural gas storage in the Dallas-Fort Worth market. These assets support approximately 4 GW of power generation, essential for Texas's energy reliability. The acquisition enhances Williams' strategy in the natural gas pipeline sector and positions it to meet increasing Gulf Coast LNG demand.

Williams (NYSE: WMB) has announced that President and CEO Alan Armstrong, along with CFO John Porter, will attend the 2022 Barclays CEO Energy-Power Conference in New York City on September 7. Armstrong's presentation is set for approximately 10:20 a.m. Eastern Time. A live webcast of the presentation will be available on the company's investor website, along with downloadable presentation slides. Williams specializes in natural gas transportation and storage, operating over 30,000 miles of pipelines and handling 30% of the U.S. natural gas supply.

Williams (NYSE: WMB) has announced a new agreement with PennEnergy Resources to market low-emission natural gas from the Appalachian Basin. This collaboration includes third-party certification to ensure environmentally responsible production practices. Williams aims to expand its portfolio in delivering next-gen natural gas to both domestic and international markets. Excitingly, the Appalachian-sourced gas has achieved Project Canary’s TrustWell™ certification, with PennEnergy’s 378 wells receiving the highest Platinum status. This move enhances Williams' strategy to transport clean energy effectively.

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.