Williams Stock Price, News & Analysis

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.

Transcontinental Gas Pipe Line Company, a subsidiary of Williams (NYSE: WMB), has extended its exchange offer for $700 million in 3.250% Senior Notes due 2030 and $500 million in 3.950% Senior Notes due 2050 until December 16, 2020. As of December 11, 2020, approximately 99.8% of the 3.250% notes and 100% of the 3.950% notes had been tendered. The terms remain unchanged, and the offer is made under a prospectus filed with the SEC. Williams operates over 30,000 miles of pipelines, handling 30% of the U.S. natural gas supply for clean energy needs.

Williams (NYSE: WMB) has appointed Rose Robeson as an independent director on its Board, effective December 10, 2020. With over 32 years in the energy sector, Robeson served as CFO of DCP Midstream and holds extensive experience in financial governance. Her appointment aims to enhance the board's diversity and strengthen corporate governance practices. Currently, Williams' Board consists of 12 members, 11 being independent, reflecting a commitment to delivering long-term value and sustainable growth for shareholders.

Williams (NYSE: WMB) announced that CFO John Chandler will participate in the 2020 Wells Fargo Virtual Midstream Utility Symposium on December 9, 2020. The event features a fireside chat Q&A session beginning at 3:20 p.m. ET. Investors can access a live webcast and replay at https://investor.williams.com. Williams, headquartered in Tulsa, Oklahoma, operates over 30,000 miles of pipelines, handling 30% of the U.S. natural gas supply for clean energy.