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Williams Swings To 4Q Loss; Williams Partners' Profit Up

DOW JONES NEWSWIRES Williams Cos. (WMB) swung to a fourth-quarter loss on acquisition-related charges, while midstream asset-holder Williams Partners LP's (WPZ) fourth-quarter earnings improved, mostly owing to strong margins on natural-gas liquids. Williams Cos. raised its 2012 and 2013 guidance to reflect an acquisition, among other items. For 2012, Williams raised the top end of its per-share earnings forecast by a nickel and now expects $1.15 to $1.60. The company increased its capital expenditure view to $3.4 billion to $3.8 billion from $2.525 billion to $2.925 billion. For 2013, the company raised its per-share earnings estimate by 10 cents to a range of $1.30 to $1.80. The company also raised its 2013 capital spending estimate to $2.1 billion to $2.7 billion, from $1.975 billion to $2.575 billion. The results come as rising natural-gas production heightens demand for pipelines that can move the fuel to market. Williams and other energy companies have been turning their focus to their core businesses in any effort to drive profits. In Williams's case that involves providing infrastructure to bring natural gas from growing North American energy fields to market. Williams last year opted against an initial public offering of its exploration and production business, instead opting for a spinoff of a public company, named WPX Energy Inc. (WPX), which was completed early this year. WPX plans to report its year-end financial results Thursday. Williams reported a loss of $444 million, or 74 cents a share, from a year earlier profit of $174 million, or 29 cents a share, a year earlier. Excluding write-downs of its former exploration and production business, early debt-retirement expenses and other items, earnings from continuing operations rose to 36 cents from 30 cents. Analysts polled by Thomson Reuters most recently projected earnings of 40 cents. The company doesn't provide revenue figures in its press release detailing quarterly results. Williams Partners' fourth-quarter profit rose 37%, mostly on strong margins for natural-gas liquids. The company reported earnings of $391 million, or $1.05 a unit, up from $286 million, or 76 cents a unit, a year earlier. Williams shares and Williams Partners common units closed Wednesday at $29.30 and $61.75, respectively. Neither were active in after-hours trading. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; [email protected]

Stock News for Williams (WMB)
DateTimeHeadline
02/22/201710:45:00Williams Partners Announces Filing of Its Annual Report on Form...
02/22/201710:45:00Williams Announces Filing of Its Annual Report on Form 10-K
02/22/201709:15:38Annual Report (10-k)
02/21/201708:50:00Williams Announces Quarterly Cash Dividend
02/15/201718:01:00Willams Narrows Loss, Williams Partners Swings to Profit
02/15/201716:45:19Current Report Filing (8-k)
02/15/201716:15:00Williams Partners Reports 2016 Financial Results
02/15/201716:15:00Williams Reports 2016 Financial Results
02/15/201710:48:48Statement of Changes in Beneficial Ownership (4)
02/14/201715:52:48Current Report Filing (8-k)
02/14/201712:13:12Amended Statement of Ownership (sc 13g/a)
02/14/201707:45:00Williams Appoints Micheal Dunn as Chief Operating Officer
02/10/201713:51:14Amended Statement of Ownership (sc 13g/a)
02/10/201711:18:22Current Report Filing (8-k)
02/10/201708:17:35Statement of Ownership (sc 13g)
02/09/201716:30:00Williams Partners Agrees to Acquire Additional Interests in Two...
02/06/201710:58:00Broker's strategy a toxic mix including LINN Energy - claim alleges
02/03/201717:10:00Williams Partners Receives FERC Certificate Authorizing Atlantic...
02/03/201716:32:42Current Report Filing (8-k)
02/01/201716:15:00Williams Partners Expands Pipeline Capacity to Deliver Natural...

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