Williams Stock Price, News & Analysis

Williams (NYSE: WMB) has declared a quarterly dividend of $0.4750 per share, representing an annualized dividend of $1.90. This marks a 6.1% increase from the previous quarter's dividend of $0.4475. The dividend will be payable on Dec. 30, 2024, to shareholders of record as of Dec. 13, 2024. The company has maintained an unbroken record of quarterly dividend payments since 1974, marking 50 years of consistent distributions to shareholders.

Williams (NYSE: WMB) announced that CEO Alan Armstrong and CFO John Porter will attend the 2024 Barclays CEO Energy-Power Conference in New York City. Armstrong is set to present on Wednesday, September 4, at 12:40 p.m. Eastern Time (11:40 a.m. Central Time).

Investors and interested parties can access a live webcast of the presentation along with downloadable slides through the company's investor relations website at https://investor.williams.com. This event provides an opportunity for Williams to engage with investors and share insights about the company's performance and future strategies.

Williams (NYSE: WMB) has successfully priced a public offering of $1.5 billion in Senior Notes, comprising three tranches: $450 million of 4.800% notes due 2029, $300 million of 5.150% notes due 2034, and $750 million of 5.800% notes due 2054. The 2034 notes are an additional issuance, bringing the total outstanding to $1.3 billion. The offering is expected to settle on August 13, 2024.

The company plans to use the net proceeds to repay commercial paper, fund capital expenditures, and for general corporate purposes, including potential repayment of near-term debt maturities. BofA Securities, PNC Capital Markets, RBC Capital Markets, and SMBC Nikko Securities America are acting as joint book-running managers for the offering.

Trace Midstream Partners II, , backed by Quantum Capital Group, has acquired LM Energy Delaware's natural gas gathering and transportation assets in the Northern Delaware Basin. The system, located in Eddy and Lea counties, New Mexico, includes high- and low-pressure gas pipelines with associated infrastructure. Upon completion of ongoing projects, the system will comprise 170 miles of pipeline and 12 compressor stations, with a total design capacity of 650 million cubic feet per day. The acquisition marks Trace's entry into the Northern Delaware Basin, addressing substantial natural gas midstream constraints in the region. The system has over 80,000 dedicated acres and is supported by long-term, fixed-fee contracts from multiple producers.

Williams (NYSE: WMB) reported strong second-quarter results for 2024, with GAAP net income of $401 million ($0.33 per diluted share) and adjusted net income of $521 million ($0.43 per diluted share). The company achieved record Q2 Adjusted EBITDA of $1.667 billion, up 3% from Q2 2023. Cash flow from operations was $1.279 billion, with available funds from operations of $1.250 billion, also up 3% year-over-year.

Williams is on track to achieve the top half of its 2024 financial guidance, driven by strong performance in transmission and storage. The company completed several key projects, including Transco's Regional Energy Access expansion and initiated construction on new projects. Williams expects continued growth, projecting a five-year compound annual growth rate of over 12% on Adjusted EPS from 2020 to 2025.

Helmerich & Payne (NYSE: HP) has announced the appointment of J. Kevin Vann as Chief Financial Officer Designate, effective August 5, 2024. Vann will succeed Mark W. Smith as CFO upon Smith's retirement on August 15, 2024. Vann brings extensive public company financial and accounting experience in the oil and gas industry, having previously served as CFO at WPX Energy from 2014 to 2021. His background in M&A is expected to be valuable as H&P looks to close its planned acquisition of KCA Deutag.

John Lindsay, President and CEO of H&P, expressed confidence that Vann's leadership will maintain and strengthen the company's financial policies, strategy, and performance. H&P, founded in 1920, is committed to delivering industry-leading drilling productivity and reliability, operating with integrity, safety, and innovation.

Williams (NYSE: WMB) has released its 2023 Sustainability Report, highlighting progress in environmental performance and management. Key achievements include:

1. Advancing towards a 30% reduction in intensity-based carbon emissions by 2028 from 2018 levels.

2. Outperforming the 5% methane emissions reduction target.

3. Joining OGMP 2.0 and setting a Scope 1 methane intensity target of 0.0375% for operated assets by 2028.

4. Executing NextGen Gas strategy and supporting two DOE-selected hydrogen hubs.

5. Receiving top sustainability ratings, including inclusion in the DJSI North America and World indices.

The report, prepared using GRI Standards 2021, covers operations from January to December 2023 and received third-party assurance for select data.

Williams (NYSE: WMB) has announced a quarterly cash dividend of $0.4750 per share, or $1.90 annualized, payable on Sept. 30, 2024, to shareholders of record as of Sept. 13, 2024. This represents a 6.1% increase from the previous quarter's dividend of $0.4475 per share. The company has maintained a consistent record of paying quarterly dividends since 1974. Investors should note that a portion of this distribution may be considered a return of capital for tax purposes. Williams provides additional information regarding return of capital distributions on their investor relations website.

Williams (NYSE: WMB) has announced its schedule for releasing second-quarter 2024 financial results. The company plans to disclose its financial performance after market close on Monday, August 5, 2024. Following this, Williams will host an earnings conference call and webcast for analysts and investors on Tuesday, August 6, 2024, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). Interested participants can register for the call using a provided link. A webcast link will be available on Williams' Investor Relations website, with a replay accessible for at least 90 days after the event.