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WILLIAMS COMPANIES

(WMB)
  Report
Real-time Estimate Cboe BZX  -  03:40 2022-10-04 pm EDT
30.62 USD   +4.04%
09/29Williams Cos. Reaffirms 2022 Adjusted EBITDA Outlook
MT
09/29Williams Reaffirms Earnings Guidance
BU
09/29The Williams Companies, Inc. Reaffirms Earnings Guidance for the Year 2022
CI
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Williams Announces Deepwater Agreement At Salamanca

05/04/2022 | 04:15pm EDT

Williams announced that it has secured another tieback to Discovery's Keathley Canyon Connector (KCC) pipeline, providing deepwater natural gas infrastructure services to operator LLOG Exploration Offshore, L.L.C., for its new Salamanca development in the Keathley Canyon area of the Gulf of Mexico. The Salamanca platform will handle production from the Leon and Castile fields and will be located 200 miles off the coast of Louisiana. Initial production is expected in the second quarter of 2025.

Salamanca will be the third deepwater production tieback to the KCC pipeline, which went into service in 2015 as a primary natural gas corridor through the Central Gulf of Mexico, and fifth overall tieback to the Discovery system over the past two years. The 30-mile tieback to KCC is expected to be constructed, owned, and operated by LLOG, an investment vehicle managed by ArcLight Capital Partners, LLC, and other co-owners. KCC is part of the Williams-operated Discovery system, which is jointly owned by Williams (60%) and DCP Midstream, LP (40%).

KCC transports rich natural gas offshore to onshore gas processing at Discovery's plant in Larose, Louisiana, and natural gas liquids fractionation at Discovery's Paradis facility in Louisiana. Williams' assets in the Gulf of Mexico offer producers the full value chain of capabilities – including gathering, transmission, processing, and fractionation. Williams owns and operates 3,500 miles of natural gas and oil gathering and transmission pipeline, along with 1.8 billion cubic feet per day of cryogenic processing capacity and 60,000 barrels per day of fractionation capacity that span the Gulf of Mexico.

The company has ownership in two floating production platforms, multiple fixed leg utility platforms and numerous other related facilities. The Salamanca development marks the seventh tieback to Williams' deep water offshore assets over the past two years.


© S&P Capital IQ 2022
All news about WILLIAMS COMPANIES
09/29Williams Cos. Reaffirms 2022 Adjusted EBITDA Outlook
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Analyst Recommendations on WILLIAMS COMPANIES
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Financials (USD)
Sales 2022 10 926 M - -
Net income 2022 1 857 M - -
Net Debt 2022 22 953 M - -
P/E ratio 2022 19,4x
Yield 2022 5,80%
Capitalization 35 861 M 35 861 M -
EV / Sales 2022 5,38x
EV / Sales 2023 5,08x
Nbr of Employees 4 783
Free-Float 96,9%
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 29,43 $
Average target price 37,85 $
Spread / Average Target 28,6%
EPS Revisions
Managers and Directors
Alan S. Armstrong Vice President-Retail Energy Services
John D. Porter Chief Financial Officer & Senior Vice President
Stephen W. Bergstrom Chairman
Michael G. Dunn Chief Operating Officer & Executive Vice President
Robyn L. Ewing Chief Administrative Officer & Senior VP
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