Williams, Williams Partners report 2016 financial results

Staff Reports

Williams and Williams Partners recently announced fourth-quarter and full-year 2016 financial results.

Among the highlights:

  • For fourth-quarter 2016, Williams and Williams Partners both reported increases in Cash Flow from Operations vs. fourth-quarter 2015
  • For full-year 2016, Williams reported an 8% increase in Adjusted EBITDA over full-year 2015.
  • For full-year 2016, Williams Partners reported an 8.3% increase in Adjusted EBITDA over full-year 2015.
  • Williams Partners increased Fee-Based Revenues and Lowered Expenses for Full-Year 2016 as additional assets were placed into service.

Alan Armstrong, Williams’ president and chief executive officer, made the following comment:

“We realized strong cash flows from operations in 2016. The fact that Williams delivered 8 percent year-over-year growth in Adjusted EBITDA demonstrates the strength of our proven natural gas-focused strategy. Our well-positioned natural gas infrastructure assets enabled us to once again organically grow fee-based revenues while our disciplined approach drove lower expenses even as we brought new assets online.”

Our complete financial results are available via the Investors link on our website at www.williams.com.