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Williams Reports Second-Quarter 2013 Financial Results, Updates Guidance

Stocks in this article: WMB WPZ

Williams (NYSE: WMB):

Quarterly Summary Financial Information   2Q 2013   2Q 2012

Per share amounts are reported on a diluted basis. All amounts are attributable to The Williams Companies, Inc.

millions

 

per share

millions

 

per share

(Unaudited)
 
Income from continuing operations $ 149 $ 0.22 $ 133 $ 0.21
Income (loss) from discontinued operations   (7 )   (0.01 )   (1 )  
Net income $ 142   $ 0.21   $ 132   $ 0.21
                 
Adjusted income from continuing operations* $ 129   $ 0.19   $ 138   $ 0.22
 
Year-to-Date Summary Financial Information YTD 2013 YTD 2012

millions

per share

millions

per share

Income from continuing operations $ 311 $ 0.45 $ 420 $ 0.68
Income (loss) from discontinued operations   (8 )   (0.01 )   135     0.22
Net income $ 303   $ 0.44   $ 555   $ 0.90
                 
Adjusted income from continuing operations* $ 281   $ 0.41   $ 374   $ 0.61
 

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

Williams (NYSE: WMB) announced unaudited second-quarter 2013 net income attributable to Williams of $142 million, or $0.21 per share on a diluted basis, compared with net income of $132 million, or $0.21 per share on a diluted basis for second-quarter 2012.

The increase in second-quarter 2013 net income was primarily due to an increase in fee revenues at Williams Partners that were substantially offset by lower commodity margins. Williams NGL & Petchem Services’ results improved as a result of higher product sales volumes in Canada.

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