Williams Q2 Income From Cont. Ops. Rises - Quick Facts

(RTTNews) - Williams Companies, Inc. (WMB) reported second-quarter 2015 income from continuing operations to shareholders of $114 million compared to $99 million, a year ago. Income per share from continuing operations was $0.15, compared to $0.14. Adjusted income per share from continuing operations was $0.15, for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.24 for the quarter. Analysts' estimates typically exclude special items.

Adjusted EBITDA was $1.02 billion, compared to $770 million in second quarter 2014, an increase of 32 percent.

Total revenues were $1.83 billion compared to $1.62 billion, a year ago. Analysts expected revenue of $2.07 billion for the quarter.

Williams reaffirmed its previously announced plans to increase its third-quarter 2015 dividend to $0.64, or $2.56 on an annualized basis and $2.85 in 2016, with annual dividend growth thereafter of approximately 10 percent to 15 percent through 2020.

Williams lowered full-year 2015 adjusted EBITDA guidance by approximately 6 percent to a midpoint of $4.23 billion, due primarily to the effects of lower commodity prices and an extended Geismar ramp-up to near-full production in the second quarter. Williams reaffirmed adjusted EBITDA guidance for 2016-2018.