Williams Companies Reports Profit Drop, Missing Estimates (WMB)


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Energy infrastructure play Williams Companies, Inc. ( WMB ) posted a decline in profits, missing analysts expectations Thursday.

The Tulsa, OK based company reported third quarter profit of $237 million, or 38 cents a share, falling 30% from last years profit of $342 million, or 91 cents a share. On average, analysts expected a much-higher 55 cents a share.

The decline in earnings is a result of a decrease in natural gas liquid ( NGL ), which lowered NGL prices from last year. Higher expenses in 2012 were also a main factor in the company's profit decline.

Williams Companies shares were mostly flat during premarket trading Thursday.

Williams Companies, Inc.( WMB ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com

This article appears in: Investing Stocks
Referenced Stocks: NGL , WMB

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