Williams Companies Inc. (WMB) reported first-quarter net income of $161 million, or $0.23 per share, compared to $423 million, or $0.70 per share in the prior year quarter.
Adjusted income from continuing operations for the quarter was $152 million or $0.22 per share, compared to $236 million or $0.39 per share in the comparable quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.24 per share for the quarter. Analysts' estimates typically exclude special items.
The company has lowered its 2013-14 earnings guidance primarily on prices, higher natural gas, lower NGLs.
The company now expects adjusted earnings per share of $0.73 for fiscal 2013. Earlier, the company expected adjusted earnings per share to be in the range of $0.75 - $1.15 for fiscal 2013. Analysts expect the company to report earnings of $0.98 per share for fiscal 2013.
For fiscal 2014, the company now expects adjusted earnings per share of $1.30, compared to prior outlook of $1.20 - $1.70 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.