Williams Cos. (WMB) Reports Q2 EPS of 19c, Lowers Dividend

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Go back to Williams Cos. (WMB) Reports Q2 EPS of 19c, Lowers Dividend

Williams Reports Strong Second Quarter 2016 Financial Results, Provides Financial Update and Announces Actions to Strengthen Credit Profile and Fund Fee-based Growth Portfolio at Williams Partners

August 1, 2016 4:15 PM EDT

Cash Flow from Operations is $685 Million for 2Q 2016; $1.464 Billion for Year-to-Date Continued Strong Financial Performance; Significant Cost Reductions Achieved in 2Q Expects Williams Partners to Maintain Quarterly Cash Distribution of $0.85 per Unit in 3Q 2016 or $3.40 Annualized through 2017 Williams Partners Expects to Implement Distribution Reinvestment Program (DRIP) Williams Intends to Reinvest Approximately $1.7 Billion into Williams Partners through 2017, Funded by Reduced Quarterly Cash Dividend Quarterly Cash Dividend at Williams Reduced to $0.20 per Share in 3Q 2016 or $0.80 Annualized through 2017... More