Williams Q2 Profit Rises - Quick Facts

(RTTNews) - Williams (WMB) reported that its second-quarter net income to company increased to $142 million or $0.21 per share, from $132 million or $0.21 per share, last year. The company said the increase in second-quarter 2013 net income was primarily due to an increase in fee revenues at Williams Partners that were substantially offset by lower commodity margins.

Adjusted income from continuing operations was $129 million or $0.19 per share for the quarter. On average, 16 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.

The company expects adjusted earnings per share in the range of $0.70 to $0.80, for fiscal 2013. Analysts expect the company to report fiscal 2013 profit per share of $0.74.

The company expects adjusted earnings per share in the range of $1.00 to $1.30, for fiscal 2014. Analysts expect the company to report fiscal 2014 profit per share of $1.23.

The company continues to expect to increase the full-year dividend it pays shareholders by 20 percent in each 2013, 2014 and 2015 - to per-share amounts of $1.44, $1.75 and $2.11, respectively.