Edition:
United States

Williams Companies Inc (WMB)

WMB on New York Consolidated

30.63USD
28 Apr 2017
Change (% chg)

$-0.12 (-0.39%)
Prev Close
$30.75
Open
$30.84
Day's High
$30.84
Day's Low
$30.44
Volume
5,962,496
Avg. Vol
8,704,608
52-wk High
$32.69
52-wk Low
$18.35

Latest Key Developments (Source: Significant Developments)

Williams Partners agrees to sell its interests in the Geismar Olefins Facility to Nova Chemicals
Monday, 17 Apr 2017 07:52am EDT 

April 17 (Reuters) - Williams Partners Lp :Williams partners agrees to sell its interests in the Geismar Olefins Facility to Nova Chemicals for $2.1 billion; announces long-term feedstock supply and transportation agreements with Nova Chemicals.Says proceeds to be used to pay down debt and pre-fund capital investments.Plans to use cash proceeds from Williams Olefins transaction to pay off its $850 million term loan.Expects for federal tax purposes, any taxable gain generated from transaction will be sheltered by net operating loss carry-forwards.Says Morgan Stanley & Co acted as lead financial adviser to Williams Partners on transaction.Units to enter long-term supply, transportation agreements with Nova Chemicals to provide feedstock to Geismar Olefins plant.  Full Article

Northwest Pipeline LLC prices private debt issuance
Wednesday, 29 Mar 2017 05:00pm EDT 

Northwest Pipeline LLC : Northwest Pipeline LLC - $250 million in aggregate principal amount of senior notes due 2027, scheduled to be delivered on April 3, 2017 . Northwest Pipeline LLC prices private debt issuance . Northwest Pipeline LLC- senior notes were priced with a 4.000 percent coupon and at an offering price of 99.641 percent of par .Northwest Pipeline LLC- Northwest intends to use net proceeds from offering to repay $185 million of 5.95% senior notes due 2017 upon maturity on April 15, 2017.  Full Article

Williams Companies says board of directors approves regular dividend of $0.30 per share
Tuesday, 21 Feb 2017 08:50am EST 

Williams Companies Inc : Williams Companies Inc says board of directors has approved a regular dividend of $0.30 per share .Williams companies inc - new amount is a 50 percent increase from williams' previous quarterly dividend of $0.20 per share.  Full Article

Williams Partners announces redemption of 6.125 pct senior notes due 2022
Wednesday, 25 Jan 2017 08:00am EST 

Williams Partners LP : Williams Partners announces redemption of 6.125% senior notes due 2022 .Williams Partners LP - Issuers will redeem all of outstanding notes for cash on Feb. 23, 2017.  Full Article

Williams prices public offering of common stock
Monday, 9 Jan 2017 11:15pm EST 

Williams Companies Inc : Williams prices public offering of common stock .Priced a public offering of 65 million shares of Williams common stock at $29.00 per share.  Full Article

Williams Companies says has commenced underwritten public offering of 65 mln shares of williams common stock
Monday, 9 Jan 2017 04:45pm EST 

Williams Companies Inc : Williams announces proposed offering of common stock . Williams Companies Inc says has commenced an underwritten public offering of 65 million shares of Williams common stock .Williams Companies Inc - intends to use net proceeds of offering to purchase newly issued common units in co's subsidiary, Williams Partners L.P.  Full Article

Williams and Williams Partners announce financial repositioning
Monday, 9 Jan 2017 04:03pm EST 

Williams Partners Lp - : Williams and Williams Partners announce financial repositioning for long-term, sustainable growth . Williams and Williams Partners to reset payouts . Williams Partners' quarterly distribution for quarter ending March 31, 2017 expected to be reduced to $0.60 per unit . Says to permanently waive incentive distribution rights . Williams' quarterly dividend to be paid in March 2017 expected to be increased to $0.30 per share . Expects to purchase additional newly issued units of Williams Partners in a private placement . Williams expects to fund unit purchase with equity . Expects to discontinue participation in Williams Partners' drip program, upon successful completion of deals, asset monetizations . Expects to purchase newly issued common units of Williams Partners at a price of $36.08586 per unit . Dividend coverage ratio at Williams will be approximately 1.3x in 2017, with continued coverage in excess of 1.1x thereafter . Williams has identified other select assets that do not support company's clear strategy .For Williams Partners, sees FY 2017 net income $1.7 billion.  Full Article

Williams Companies Qtrly earnings per share $0.08
Monday, 31 Oct 2016 06:45am EDT 

Williams Companies Inc : Williams Companies Inc says provides revised 2017 capital expenditures guidance related primarily to atlantic sunrise project timing . Qtrly adjusted earnings per share $0.20 . Williams Companies Inc says total 2017 growth capital and investment expenditures are expected to be between $2.1 billion and $2.8 billion . Qtrly earnings per share $0.08 . Q3 earnings per share view $0.19 -- Thomson Reuters I/B/E/S .Williams reports strong third-quarter 2016 financial results.  Full Article

Williams details next step in board refreshment plan
Monday, 26 Sep 2016 08:00am EDT 

Williams Companies Inc : Peter Ragauss, former CFO of Baker Hughes and current board director at Apache Corp, appointed to Williams Board . Board also today announced that it has reconstituted its nominating and governance committee . Williams details next step in board refreshment plan . Board goal to appoint two new independent directors by 2016 annual meeting . Board announced three Williams directors who served prior to 2016 will not stand for re-election at 2016 annual meeting .Stephen Chazen, former CEO and current board director of Occidental Petroleum appointed to Williams Board.  Full Article

Williams Partners announces process to explore monetization of Geismar Olefins facility
Tuesday, 6 Sep 2016 08:00am EDT 

Williams Partners Lp : Williams Partners announces process to explore monetization of Geismar Olefins facility . Currently holds an approximate 88.5 percent undivided ownership interest in Geismar Olefins plant . Process may result in a sale or a long-term, fee-for-service tolling agreement .If process results in a sale, Williams Partners would expect to use a portion of proceeds to reduce debt.  Full Article

More From Around the Web

BRIEF-Williams Companies says CEO Alan Armstrong's 2016 total compensation was $10.2 million

* CEO Alan Armstrong's 2016 total compensation was $10.2 million versus $7 million in 2015 - SEC filing Source text: (http://bit.ly/2nSnisy) Further company coverage: