Exhibit 99.1

 

News Release     

Williams (NYSE: WMB)        

One Williams Center        

Tulsa, OK 74172        

800-Williams        

www.williams.com        

   LOGO

 

LOGO

DATE: Aug. 2, 2017

 

MEDIA CONTACT:    INVESTOR CONTACT:   
Keith Isbell    Brett Krieg   
(918) 573-7308    (918) 573-4614   

Williams Reports Second-Quarter 2017 Financial Results

 

   

2Q 2017 Net Income of $81 Million

 

   

2Q 2017 Adjusted EBITDA of $1.113 Billion, Up $48 Million

 

   

Williams Partners Has Placed 3 Transco Expansions (Dalton Expansion, Hillabee Phase 1 and Gulf Trace) Into Service So Far in 2017

 

   

On July 6, 2017, Williams Partners Completed Sale of Its Interests in Geismar Plant for $2.1 Billion in Cash; Entered into Long-Term Supply and Transportation Agreements with Plant Buyer

 

   

Geismar Sale Proceeds Used by Williams Partners to Pay Off $850 Million Term Loan and Prefund a Portion of Growth Capex

TULSA, Okla. – Williams (NYSE: WMB) today announced its financial results for the three and six months ended June 30, 2017.

 

Williams Summary Financial Information    2Q      YTD  
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.
   2017      2016      2017      2016  

GAAP Measures

           

Cash Flow from Operations

   $ 662      $ 686      $ 1,268      $ 1,469  

Net income (loss)

   $ 81      ($ 405    $ 454      ($ 470

Net income (loss) per share

   $ 0.10      ($ 0.54    $ 0.55      ($ 0.63

Non-GAAP Measures (1)

           

Adjusted income from continuing operations

   $ 108      $ 146      $ 227      $ 172  

Adjusted income from continuing operations per share

   $ 0.13      $ 0.19      $ 0.27      $ 0.23  

Adjusted EBITDA

   $ 1,113      $ 1,065      $ 2,258      $ 2,121  

Cash Flow available for Dividends and other uses

   $ 360      $ 433      $ 740      $ 862  

Dividend Coverage Ratio

     1.45x        0.90x        1.49x        0.90x  

 

(1) Schedules reconciling adjusted income from continuing operations, adjusted EBITDA, 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.

Second-Quarter 2017 Financial Results

Williams reported unaudited second-quarter 2017 net income attributable to Williams of $81 million, an improvement of


The following information was filed by Williams Companies Inc (WMB) on Wednesday, August 2, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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