Williams (WMB) Cuts Q2, FY12, FY13 Outlooks, Raises FY14 Guidance; Reaffirms Strong Dividend Growth in 2012-2014
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Price: $75.20 +2.96%
Financial Fact:
Total operating income (loss): 345M
Today's EPS Names:
SVBT, ZEO, OTLK, More
Financial Fact:
Total operating income (loss): 345M
Today's EPS Names:
SVBT, ZEO, OTLK, More
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Williams (NYSE: WMB) continues to expect to pay a full-year 2012 shareholder dividend of $1.20 per share, a 55 percent increase over 2011. As well, the company confirmed it expects the full-year dividend it pays shareholders in each 2013 and 2014 to increase by 20 percent – to $1.44 and $1.75 per share, respectively.
Sees Q2 adjusted earnings per share will be significantly lower than the first-quarter’s results, primarily because of an unexpectedly sharp decline in natural-gas-liquids margins in May and June at Williams Partners L.P. (NYSE: WPZ). Additional factors in the change include higher expenses at Williams Partners because of maintenance accelerated during a third-party fractionator outage; costs associated with recent acquisitions; normal seasonal demand changes and maintenance at Williams Partners’ gas pipeline business; somewhat lower-than-expected volumes because of construction timing; lower Canadian sales volumes as a result of third-party outages and the effect of filling our new Boreal Pipeline, which went into service in late June.
Q2 EPS will be about 21 cents per share, down from 39 cents in the first quarter and 29 cents in the second quarter of last year.
Williams' revised guidance midpoints for full-year 2012 and 2013 are, respectively, $1.15 and $1.38 for adjusted earnings per share and $2.9 billion and $3.3 billion for adjusted segment profit plus DD&A.
Sees Q2 adjusted earnings per share will be significantly lower than the first-quarter’s results, primarily because of an unexpectedly sharp decline in natural-gas-liquids margins in May and June at Williams Partners L.P. (NYSE: WPZ). Additional factors in the change include higher expenses at Williams Partners because of maintenance accelerated during a third-party fractionator outage; costs associated with recent acquisitions; normal seasonal demand changes and maintenance at Williams Partners’ gas pipeline business; somewhat lower-than-expected volumes because of construction timing; lower Canadian sales volumes as a result of third-party outages and the effect of filling our new Boreal Pipeline, which went into service in late June.
Q2 EPS will be about 21 cents per share, down from 39 cents in the first quarter and 29 cents in the second quarter of last year.
Williams' revised guidance midpoints for full-year 2012 and 2013 are, respectively, $1.15 and $1.38 for adjusted earnings per share and $2.9 billion and $3.3 billion for adjusted segment profit plus DD&A.
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