EXHIBIT 99.1

News Release
Williams (NYSE: WMB)
One Williams Center
Tulsa, OK 74172
800-Williams
www.williams.com
wmb_image1a07.jpg
 
 

DATE: May 2, 2018
MEDIA CONTACT:
INVESTOR CONTACT:
 
 
Keith Isbell
(918) 573-7308
Brett Krieg
(918) 573-4614
 
 

Williams Reports First Quarter 2018 Financial Results

TULSA, Okla. – Williams (NYSE: WMB) today announced its financial results for the three months ended March 31, 2018.
First-Quarter 2018 Highlights
1Q 2018 Net Income of $152 Million
1Q 2018 Adjusted EBITDA of $1.135 Billion
All Three of Williams Partners' Current Business Segments Improved Year-Over-Year Adjusted EBITDA
In 2018, Williams Partners Has Set One- and Three-Day Delivery Records on Transco and Established Three New Volume Records on Susquehanna Supply Hub
Williams Analyst Day Set for May 17

Williams Summary Financial Information

1Q
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.

2018
2017
 
 
 
GAAP Measures
 
 
Cash Flow from Operations

$694


$727

Net income (loss)

$152


$373

Net income (loss) per share

$0.18


$0.45

 
 
 
Non-GAAP Measures (1)
 
 
Adjusted income

$159


$119

Adjusted income per share

$0.19


$0.14

Adjusted EBITDA

$1,135


$1,145

Cash Flow available for Dividends and other uses

$371


$380

Dividend Coverage Ratio
1.32
x
1.53
x
 
 
 
(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.
First-Quarter 2018 Financial Results
Williams reported unaudited first-quarter 2018 net income attributable to Williams of $152 million, a decrease of $221 million from first-quarter 2017. The unfavorable change was driven primarily by the absence of a $269 million gain in first-quarter 2017 associated with a transaction involving certain joint-venture interests in the Permian basin and Marcellus shale. Commodity margins were $59 million lower due primarily to the absence of margins from the Geismar olefins facility, which was sold July 6, 2017. The unfavorable change also reflects the absence of $43 million of gains on early retirement of debt and contract settlements and terminations, and $25 million lower equity earnings due primarily to lower earnings at Discovery Producer Services. Partially offsetting

1

The following information was filed by Williams Companies Inc (WMB) on Wednesday, May 2, 2018 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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