Welcome to our dedicated page for The Williams Companies news (Ticker: $WMB), a resource for investors and traders seeking the latest updates and insights on The Williams Companies stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The Williams Companies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Rhea-AI Summary
Williams (WMB) will host a Clean Energy Expo in Washington D.C. to showcase how the natural gas industry is reducing global emissions through cutting-edge technologies. The expo will feature demonstrations from around 20 different companies and panel discussions with top leaders from Williams, Cheniere Energy, Inc., and EQT Corporation. Williams plans to announce its fourth-quarter and full-year 2023 financial results before the market opens on Wednesday, Feb. 14, 2024, ahead of its 2024 Analyst Day event in Washington D.C., which will cover the company's natural gas-focused strategy to meet clean energy demands while delivering shareholder value.
Rhea-AI Impact
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End-of-Day
1.2%
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Rhea-AI Summary
Former Under Secretary for Minority Business Development Donald “Don” R. Cravins, Jr. has been named Head of Government Affairs and Outreach at Williams (NYSE: WMB), while Liz Bowman was named Vice President of Government Affairs. Cravins will be responsible for enhancing Williams’ relationships with key state and federal policymakers and lawmakers, while Bowman leads Williams’ in-house government affairs team and directs the activities of external consultants. Both have a deep understanding of government and experience with advocacy organizations, uniquely positioning them to elevate Williams' voice and impact real change for the company and the industry.
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Rhea-AI Sentiment
End-of-Day
0.24%
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Williams (WMB) completes acquisition of natural gas storage assets for $1.95 billion. The acquisition includes six underground natural gas storage facilities in Louisiana and Mississippi with a total capacity of 115 Bcf, 230 miles of gas transmission pipeline, and 30 pipeline interconnects. The acquisition price represents an approximate 10x estimated 2024 EBITDA multiple. President and CEO Alan Armstrong highlights the strategic value of the acquisition in meeting growing demand driven by LNG exports and power generation.
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Rhea-AI Sentiment
End-of-Day
-1.35%
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Williams (WMB) announces pricing of $1.1 billion 4.900% Senior Notes due 2029 and $1.0 billion 5.150% Senior Notes due 2034. Expected settlement date is January 5, 2024. Net proceeds to be used for general corporate purposes, including debt repayment. Barclays Capital Inc., Citigroup Global Markets Inc., Truist Securities, Inc., and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
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Rhea-AI Sentiment
End-of-Day
2.22%
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Williams (NYSE: WMB) has agreed to acquire a portfolio of natural gas storage assets from Hartree Partners LP for $1.95 billion. The acquisition includes six underground natural gas storage facilities located in Louisiana and Mississippi with a total capacity of 115 Bcf, as well as 230 miles of gas transmission pipeline and 30 pipeline interconnects. The acquisition price represents an approximate 10x estimated 2024 EBITDA multiple. The transaction is expected to close in January 2024.
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Rhea-AI Sentiment
End-of-Day
-0.26%
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Williams (WMB) closed two strategic transactions, acquiring Cureton Front Range LLC and KKR's 50% ownership interest in Rocky Mountain Midstream Holdings LLC, making it the third largest gatherer in the DJ Basin. The acquisitions have a combined value of $1.27 billion, with proceeds from recent sales and legal judgment funding the transactions.
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Rhea-AI Sentiment
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1.33%
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Tailwater Capital and Ares Management have signed definitive agreements to sell Cureton Front Range to Williams Field Services Group, with an expected close in December 2023. Cureton is a premier multi-customer midstream gathering and processing platform in the DJ Basin in Colorado. Cureton's asset base consists of over 260 miles of pipelines, 109 MMcf/d of natural gas processing capacity, and 64,000 horsepower of compression. The sale is expected to position Cureton for continued growth.
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Rhea-AI Sentiment
End-of-Day
1.79%
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Williams (NYSE: WMB) reported solid financial results for Q3 2023, with GAAP net income of $654 million, up 10% YoY, and adjusted net income of $547 million. Adjusted EBITDA was $1.652 billion, a $15 million increase from Q3 2022. Cash flow from operations was $1.234 billion, and available funds from operations were $1.230 billion. The company increased its midpoint for full-year 2023 guidance to $6.7 billion Adjusted EBITDA. Williams also announced the sale of non-core assets, strategic acquisitions in the DJ Basin, and its support for clean hydrogen hubs announced by the U.S. Department of Energy.
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End-of-Day
3.08%
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Williams' board of directors approves a regular dividend of $0.4475 per share, a 5.3% increase from the previous quarter. Dividend payable on Dec. 26, 2023.
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Rhea-AI Sentiment
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-1.09%
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U.S. Department of Energy selects Williams as a participant in two hydrogen hubs for investment and development
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Rhea-AI Sentiment
End-of-Day
-0.7%
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The Williams Companies, Inc.
NYSE:WMB
WMB Rankings
WMB Stock Data
48.91B
1.21B
0.41%
87.86%
1.86%
Pipeline Transportation of Natural Gas
Transportation and Warehousing
United States of America
TULSA
About WMB
williams is one of the largest providers of energy infrastructure in north america. our businesses are interstate natural gas pipelines; midstream gathering and processing; natural gas and natural gas liquids transportation and olefins production. williams is committed to creating a diverse environment and is proud to be an equal opportunity employer. all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity and expression, national origin, genetic information, disability, age, military status, veteran status, genetic information, or any other characteristic protected under applicable law.