Williams Stock Price, News & Analysis

Williams (NYSE: WMB) has announced a public offering of $900 million in 2.600% Senior Notes due 2031, priced at 99.631 percent of par, with settlement expected on March 2, 2021. The funds will be utilized to repay existing $500 million and $371 million Senior Notes maturing in 2021 and for general corporate purposes. The offering is managed by RBC Capital Markets and other major underwriters. Investors are advised to consult the SEC filings for detailed information about the offering and associated risks.

Williams (NYSE: WMB) CFO John Chandler will participate in virtual meetings with investors at the Raymond James & Associates’ 42nd Annual Institutional Investors Conference on March 3, starting at 2:10 p.m. ET. The session includes a fireside chat Q&A. Investors can access the live webcast and replay via this link. Williams is a leading infrastructure provider for natural gas, operating over 30,000 miles of pipelines, including Transco, which handles about 30% of the U.S. natural gas supply, supporting clean energy initiatives.

Williams (NYSE: WMB) reported its unaudited financial results for Q4 and full-year 2020, highlighting a net income of $208 million and an adjusted EPS of $1.10, an 11% increase from 2019. Cash flow from operations totaled $3.496 billion, a decrease from the previous year, while adjusted EBITDA rose to $5.105 billion, up 2%. The company achieved record gathering volumes of 13.2 Bcf/d and a favorable debt-to-adjusted EBITDA ratio of 4.35x. Looking ahead, Williams anticipates 2021 adjusted EBITDA to range from $5.05 billion to $5.35 billion and positive free cash flow.

Williams (NYSE: WMB) will announce its fourth-quarter and full-year 2020 financial results after market close on February 22, 2021. A conference call for analysts and investors is scheduled for February 23, 2021, at 9:30 a.m. ET. Participants can join via phone registration or a webcast on the company’s website. Williams is a leader in natural gas infrastructure, operating over 30,000 miles of pipelines, handling 30% of the U.S. natural gas used for clean-power generation and industrial purposes. The company emphasizes its commitment to supporting the clean energy economy.

Williams (NYSE: WMB) has announced a regular dividend of $0.41 per share, amounting to $1.64 annually. This dividend, representing a 2.5% increase from last year's $0.40, will be payable on March 29, 2021, to stockholders on record by March 12, 2021. The company has maintained quarterly dividend payments since 1974. Notably, a portion of this distribution may be classified as a return of capital.

Williams is a leader in natural gas infrastructure, managing over 30,000 miles of pipelines and handling around 30% of the natural gas used daily in the U.S.

Williams (NYSE: WMB) has appointed Stacey Doré as an independent director on its Board, effective January 6, 2021. With over 23 years of experience in energy and law, Doré is the current CEO of Sharyland Utilities and has held significant roles in other energy companies. Her expertise is expected to enhance the Board’s decision-making, particularly in governance and sustainability. Following her appointment, the Board will consist of 13 members, 12 of whom are independent, reflecting Williams' commitment to strong corporate governance.

Williams (NYSE: WMB) has announced early in-service capacity for key energy infrastructure projects, leading to accelerated cash flow in Q4. Key expansions include the Leidy South pipeline, which added 125 MMcf/d capacity in November, Southeastern Trail, contributing 150 MMcf/d in November, and the Bluestem Pipeline, completed two months early with 120 Mbbls/d capacity. The company's strategic focus on natural gas positions it as a vital player in the transition to clean energy, underscored by stakeholder collaboration throughout project execution.

Williams (NYSE: WMB) received bankruptcy court approval for a global resolution with Chesapeake related to its Chapter 11 restructuring. Chesapeake will pay Williams $112 million for pre-petition and past due midstream expenses. Key aspects of the agreement include Chesapeake's commitment to honor existing gathering agreements and a reduction in gathering fees in exchange for a stake in Chesapeake's South Mansfield assets. This deal is expected to drive additional drilling in the Haynesville region and enhance Williams' cash flow from its unused midstream capacity.