Williams Logs Profit from Continuing Operations
February 19 2020 - 05:20PM
Dow Jones News
By Allison Prang
Williams Cos. reported a profit from continuing operations
compared with a loss from those operations a year ago.
The company's earnings from continuing operations was $138
million, compared with a loss of $572 million a year ago. Its
earnings from continuing operations were 11 cents a share compared
with a loss of 47 cents a share a year ago.
Williams said that higher service revenues, a rise in volumes in
its Northeast G&P segment and its Utica East Ohio Midstream LLC
revenues being consolidated helped fourth-quarter profit.
Adjusted earnings from continuing operations were 24 cents a
share, up from 19 cents a share. According to FactSet, analysts
were expecting 25 cents a share.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
February 19, 2020 17:05 ET (22:05 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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