Welcome to our dedicated page for Williams news (Ticker: WMB), a resource for investors and traders seeking the latest updates and insights on Williams stock.
Williams Companies Inc. (NYSE: WMB) generates a steady flow of news driven by its role in U.S. natural gas infrastructure, capital markets activity and strategic projects. As an operator of major pipelines and gathering systems, including the Transco pipeline and other transmission lines, Williams regularly reports on expansions, regulatory milestones and project developments that affect natural gas flows across key regions.
Investors following WMB news will see announcements on senior notes offerings and other financing transactions, as reflected in recent press releases and Form 8-K filings detailing public and private debt issuances. These updates explain the terms of new notes, intended uses of proceeds such as refinancing near-term maturities, and the related indenture covenants. Such information helps market participants understand Williams’ capital structure and funding of long-lived infrastructure.
Williams’ news flow also covers operational and strategic milestones. Examples include progress on the Northeast Supply Enhancement (NESE) project, which is designed to improve energy affordability and reliability in New York City by expanding natural gas infrastructure, and updates on the Constitution Pipeline project serving markets across the Northeast. The company highlights how these projects aim to displace higher-emitting fuels, support economic development and enhance energy security.
Another key news theme is Williams’ wellhead to water and LNG strategy. Releases describe the strategic partnership with Woodside Energy on the Louisiana LNG project, Williams’ equity interest and LNG offtake obligations, and its role in constructing and operating Line 200 to connect the LNG facility to multiple pipelines. News also covers transactions such as the sale of upstream interests to JERA while retaining gathering and delivery roles through systems like Louisiana Energy Gateway.
Quarterly earnings releases and related 8-K filings provide updates on segment performance, non-GAAP measures such as Adjusted EBITDA, and commentary on drivers like higher service revenues, gathering volumes and contributions from acquisitions. Dividend announcements, including changes to the annualized dividend rate, are another recurring news item for WMB.
This news page aggregates these developments so readers can track Williams’ financing decisions, project progress, regulatory milestones, earnings trends and dividend actions in one place.
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.
Williams announced strong first-quarter results with solid execution on accretive acquisitions and organic growth driving immediate returns. GAAP net income of $631 million, adjusted net income of $719 million, adjusted EBITDA of $1.934 billion, cash flow from operations of $1.234 billion, and available funds from operations of $1.507 billion. Recent acquisitions and projects positioning the company to hit the top half of its 2024 financial guidance range.
Williams (NYSE: WMB) announces a quarterly cash dividend of $0.4750 per share, a 6.1% increase from the previous quarter, payable on June 24, 2024. This marks the company's continuous dividend payments since 1974.
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