This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Williams Reports Third-Quarter 2012 Financial Results

Stocks in this article: WMB

Williams (NYSE: WMB):

Quarterly Summary Financial Information 3Q 2012 3Q 2011
Per share amounts are reported on a diluted basis. All amounts are attributable to The Williams Companies, Inc. millions per share millions per share
Income from continuing operations $ 152 $ 0.25 $ 253 $ 0.43
Income from discontinued operations   3     19   0.03
Net income $ 155 $ 0.25 $ 272 $ 0.46
Adjusted income from continuing operations* $ 161 $ 0.25 $ 179 $ 0.30
Year-to-Date Summary Financial Information YTD 2012 YTD 2011
Per share amounts are reported on a diluted basis. All amounts are attributable to The Williams Companies, Inc. millions per share   millions per share
Income from continuing operations $ 572 $ 0.93 $ 724 $ 1.21
Income from discontinued operations   138   0.22   96   0.16
Net income $ 710 $ 1.15 $ 820 $ 1.37
Adjusted income from continuing operations* $ 535 $ 0.86 $ 520 $ 0.87

* A schedule reconciling income from continuing operations to adjusted income from continuing operations (non-GAAP measures) is available at and as an attachment to this press release.


Williams (NYSE: WMB) announced third-quarter 2012 unaudited net income attributable to Williams of $155 million, or $0.25 per share on a diluted basis, compared with net income of $272 million, or $0.46 per share on a diluted basis for third-quarter 2011.

Lower natural gas liquid (NGL) margins at Williams Partners drove the decline in net income during third-quarter 2012. Increased costs associated with developing businesses Williams Partners acquired earlier in the year and the absence of a $66 million income tax benefit in third-quarter 2011 related to undistributed earnings of certain foreign operations also contributed to the decline. These declines were partially offset by higher fee-based revenues at Williams Partners.

1 of 9

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs