Williams Logs Profit from Continuing Operations

Date : 02/19/2020 @ 10:20PM
Source : Dow Jones News
Stock : Williams Companies Inc (WMB)
Quote : 13.65  0.0 (0.00%) @ 1:00AM
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Last Trade
Last $ 13.70 ▲ 0.05 (0.37%)

Williams Logs Profit from Continuing Operations

Williams Companies (NYSE:WMB)
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2 Months : From Feb 2020 to Apr 2020

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   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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