Williams Q3 Profit Declines - Quick Facts

(RTTNews) - Williams (WMB) reported that its third-quarter net income attributable to the company was $279 million or $0.52 per share, compared to $290 million or $0.38 per share, last year.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.15 for the quarter. Analysts' estimates typically exclude special items.

Williams Partners is raising its 2013 guidance for adjusted earnings and distributable cash flow primarily to reflect an expectation of improved NGL margins, lower costs and lower interest expense. The partnership is raising its 2014 and 2015 guidance for adjusted earnings and distributable cash flow primarily to reflect a planned January 2014 drop-down to Williams Partners of Williams' currently in-service Canadian assets, offset by lower volume growth rate projections at Ohio Valley Midstream.

Williams Partners recently announced that it increased its quarterly cash distribution to unitholders to $0.8775 per unit, an 8.7-percent increase over the prior year amount. It is also a 1.7-percent increase over the partnership's second-quarter 2013 distribution of $0.8625 per unit.