Williams Stock Price, News & Analysis

Williams (NYSE: WMB) has announced a regular dividend of $0.425 per share, marking a 3.7% increase from the $0.41 per share in Q4 2021. This dividend, which annualizes to $1.70, will be paid on December 26, 2022, to stockholders on record as of December 9, 2022. Williams has consistently paid dividends every quarter since 1974, showcasing its commitment to returning value to shareholders.

Williams (NYSE: WMB) has signed a memorandum of understanding with Daroga Power to advance its clean hydrogen commercialization strategy. The partnership aims to identify long-term customers for clean hydrogen and establish environmental attribute offtake options in Wyoming, with potential hydrogen deliveries starting in 2025. Williams plans to utilize its extensive pipeline system for hydrogen transport in the Pacific Northwest. This initiative is part of a broader strategy to create a clean energy hub and leverage incentives from the Inflation Reduction Act to meet rising clean energy demand.

Williams (NYSE: WMB) is set to reveal its third-quarter 2022 financial results on October 31, 2022, after market close. The company will host a conference call for analysts and investors on November 1, 2022, at 9:30 a.m. ET. Interested participants can register via the provided link. Williams, headquartered in Tulsa, Oklahoma, operates across the natural gas value chain, handling about 30% of the U.S. natural gas used daily. The firm emphasizes clean energy and holds a significant pipeline network, with over 30,000 miles in operation.

Williams (NYSE: WMB) projects its full-year Adjusted EBITDA to be near the high end of its guidance range, estimated between $6.1 and $6.4 billion. The company attributes this forecast to strong expected performance in the third and fourth quarters, despite market volatility. CEO Alan Armstrong emphasized the resilience of Williams’ strategy in the natural gas sector, stating it remains well-positioned amid economic uncertainties like inflation and potential recession.

Three major energy companies, DT Midstream (NYSE: DTM), Southwestern Energy (NYSE: SWN), and Williams (NYSE: WMB), have joined the Appalachian Energy Future alliance. This collaboration aims to develop a clean-energy ecosystem across Ohio, Pennsylvania, and West Virginia. The initiative focuses on educating regional leaders about the benefits of a tri-state hub, addressing policy and regulatory topics. The alliance seeks to establish a national model for clean energy, promoting industrial development and economic growth in the Appalachian region.

Tailwater Capital has announced the sale of NorTex Midstream to Williams Field Services for $423 million. NorTex, a significant natural gas storage provider in North Texas, played a crucial role during Winter Storm Uri, delivering over 5 Bcf of natural gas, saving customers more than $800 million. Following improvements since its acquisition in February 2021, NorTex has expanded its storage capabilities and enhanced local power grid reliability. The transaction reflects Tailwater's strategy in energy investments and positions NorTex for future growth under Williams.

Williams (NYSE: WMB) has acquired NorTex Midstream for $423 million, closing on August 31, 2022. This acquisition includes 80 miles of natural gas transmission pipelines and 36 Bcf of natural gas storage in the Dallas-Fort Worth market. These assets support approximately 4 GW of power generation, essential for Texas's energy reliability. The acquisition enhances Williams' strategy in the natural gas pipeline sector and positions it to meet increasing Gulf Coast LNG demand.

Williams (NYSE: WMB) has announced that President and CEO Alan Armstrong, along with CFO John Porter, will attend the 2022 Barclays CEO Energy-Power Conference in New York City on September 7. Armstrong's presentation is set for approximately 10:20 a.m. Eastern Time. A live webcast of the presentation will be available on the company's investor website, along with downloadable presentation slides. Williams specializes in natural gas transportation and storage, operating over 30,000 miles of pipelines and handling 30% of the U.S. natural gas supply.