Exhibit 99.1


News Release     

Williams (NYSE: WMB)        

One Williams Center        

Tulsa, OK 74172        

800-Williams         www.williams.com        




DATE: February 17, 2016



Tom Droege

(918) 573-4034


John Porter

(918) 573-0797


Brett Krieg

(918) 573-4614

Williams Reports 2015 Financial Results


    4Q Adjusted EBITDA of $1.07 Billion, Up 25% vs. 4Q 2014


    Full-Year 2015 Adjusted EBITDA of $4.1 Billion, Up 22% vs. 2014


    WPZ Fee-Based Revenues Up $1.38 Billion or 36% on Contributions from Major New Projects


    2015 GAAP Results Include $2.6 Billion of Non-cash Impairment Charges


    Williams’ Board Unanimously Committed to Expeditious Completion of ETE Transaction per September 28, 2015 Merger Agreement

TULSA, Okla. – Williams (NYSE: WMB) today announced fourth quarter 2015 adjusted EBITDA of $1.07 billion, a $212 million, or 25 percent increase from fourth quarter 2014. For the year, the company reported adjusted EBITDA of $4.1 billion, an increase of $751 million, or 22 percent, from full-year 2014. The increases in both periods were driven primarily by Williams Partners’ adjusted EBITDA, which increased $215 million in the quarter and $848 million in the year.


Williams Summary Financial Information    4Q      Full Year  
Amounts in millions, except per-share amounts. Per share amounts are reported on a diluted basis.
All amounts are attributable to The Williams Companies, Inc.
   2015      2014      2015      2014  

Adjusted EBITDA (1)

   $ 1,066       $ 854       $ 4,104       $ 3,353   

Adjusted income from continuing operations (1)

   $ 6       $ 10       $ 405       $ 515   

Adjusted income from continuing operations per share (1)

   $ 0.01       $ 0.01       $ 0.54       $ 0.71   

Cash Available for Dividends (1)

   $ 436       $ 442       $ 1,811       $ 1,689   

Dividend Coverage Ratio (1)

     .91x         1.04x         .99x         1.20x   

Net income (loss) (2)

   ($ 701    $ 193       ($ 557    $ 2,114   

Net income (loss) per share (2)

   ($ 0.94    $ 0.26       ($ 0.74    $ 2.92   


(1) Schedules reconciling adjusted EBITDA, adjusted income from continuing operations, cash available for dividends and dividend coverage ratio (non-GAAP measures) are available at www.williams.com and as an attachment to this news release.
(2) Amounts reported for the fourth-quarter and year-to-date 2015 periods reflect pre-tax impairment charges totaling $2.1 billion and $2.6 billion, respectively, associated with certain equity-method investments, goodwill and certain other assets. Amounts for the year-to-date 2014 period reflect a pre-tax remeasurement gain of $2.5 billion related to the acquisition of Access Midstream Partners on July 1, 2014.



The following information was filed by Williams Companies Inc (WMB) on Wednesday, February 17, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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