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February 20, 2013
17:51 EDTWMBWilliams lowers FY13-14 adjusted segment profit/distributable cash flow view
Williams Partners is lowering its 2013-14 guidance for adjusted segment profit and distributable cash flow primarily to reflect sharply lower commodity margin assumptions. Capital expenditures for 2013-14 are increasing, primarily due to increases of approximately $220 million in 2013 and $210 million in 2014 associated with a change in the forecasting presentation for Williams Partners’ Gulfstar FPS and Constitution Pipeline projects. Previous capital expenditure guidance only reflected Williams Partners’ 51-percent interest in Gulfstar and its 51-percent interest in Constitution. While Williams Partners’ interests in each project are unchanged, the new guidance reflects Gulfstar and Constitution on a fully consolidated basis with our partners non-controlling interests reflected separately. The capital increases associated with this presentation change will be fully offset by capital contributions from the partners on each project.
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July 30, 2014
16:47 EDTWMBWilliams sees non-cash gain of $2.5B-$3B related to accounting change
Williams has adjusted its financial guidance to reflect the additional ownership in Access Midstream Partners as well as the related consolidation due to the acquisition effective on July 1 for purposes of financial reporting. Williams expects to complete its preliminary accounting allocation of the purchase price for the additional interests of Access Midstream Partnership during the third quarter of 2014. As a result of the accounting method change from the equity-method to consolidation, in the third quarter Williams expects to recognize a significant non-cash gain, currently estimated to be in the range of $2.5B-$3B, related to the required revaluation of its December 2012 investment in Access Midstream Partners. Additionally, Williams expects to record a substantially higher level of depreciation and amortization expense than currently reflected by Access Midstream Partners associated with Williams’ increased basis in Access Midstream Partners.
16:45 EDTWMBWilliams affirms planned dividend guidance
Williams is affirming previously announced dividend guidance as follows: Increase its Q3 dividend 32% to 56c, or $2.24 on an annualized basis. In addition to the third-quarter dividend increase, Williams also is affirming dividend-growth guidance of approximately 15% annually – from the higher third-quarter 2014 base – through 2017 with planned dividends of approximately $1.96 in 2014, $2.46 in 2015, $2.82 in 2016, and $3.25 in 2017.
16:44 EDTWMBWilliams reports Q2 adjusted EPS 23c, consensus 23c
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15:31 EDTWMBNotable companies reporting after market close
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July 29, 2014
06:01 EDTWMBStocks with implied volatility below IV index mean; FDO WMB
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July 28, 2014
06:17 EDTWMBStocks with implied volatility below IV index mean; INTC WMB
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July 25, 2014
05:59 EDTWMBStocks with implied volatility below IV index mean; INTC WMB
Stocks with implied volatility below IV index mean; Intel (INTC) 17, Williams (WMB) 22 according to iVolatility.

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