Williams Expects 1Q Results From 65 to 75 Cents Per Share; Raises 2001 Estimates

Apr 03, 2001, 01:00 ET from Williams

    TULSA, Okla., April 3 /PRNewswire/ -- Williams (NYSE:   WMB) said today that
 it expects to report first quarter results from continuing operations in a
 range of 65 to 75 cents per share, and is estimating recurring 2001
 performance from $1.75 to $1.95 per share.
     The 15-cent increase from previous 2001 earnings guidance is primarily due
 to the expected first-quarter improved performance in Williams' energy trading
 activities and its natural gas exploration and production unit.
     With the spinoff of Williams Communications announced on March 30, that
 segment's first-quarter financial results will be reported as discontinued
 operations.  Williams currently plans to report first quarter earnings on
 April 26.
 
     About Williams
     Williams, through its subsidiaries, connects businesses to energy and
 communications.  The company delivers innovative, reliable products and
 services through its extensive networks of energy-distributing pipelines and
 high-speed fiber-optic cables.  Williams information is available at
 www.williams.com.
     Portions of this document may constitute "forward-looking statements" as
 defined by federal law.  Although the company believes any such statements are
 based on reasonable assumptions, there is no assurance that actual outcomes
 will not be materially different.  Any such statements are made in reliance on
 the "safe harbor" protections provided under the Private Securities Reform Act
 of 1995.  Additional information about issues that could lead to material
 changes in performance is contained in the company's annual reports filed with
 the Securities and Exchange Commission.
 
 

SOURCE Williams
    TULSA, Okla., April 3 /PRNewswire/ -- Williams (NYSE:   WMB) said today that
 it expects to report first quarter results from continuing operations in a
 range of 65 to 75 cents per share, and is estimating recurring 2001
 performance from $1.75 to $1.95 per share.
     The 15-cent increase from previous 2001 earnings guidance is primarily due
 to the expected first-quarter improved performance in Williams' energy trading
 activities and its natural gas exploration and production unit.
     With the spinoff of Williams Communications announced on March 30, that
 segment's first-quarter financial results will be reported as discontinued
 operations.  Williams currently plans to report first quarter earnings on
 April 26.
 
     About Williams
     Williams, through its subsidiaries, connects businesses to energy and
 communications.  The company delivers innovative, reliable products and
 services through its extensive networks of energy-distributing pipelines and
 high-speed fiber-optic cables.  Williams information is available at
 www.williams.com.
     Portions of this document may constitute "forward-looking statements" as
 defined by federal law.  Although the company believes any such statements are
 based on reasonable assumptions, there is no assurance that actual outcomes
 will not be materially different.  Any such statements are made in reliance on
 the "safe harbor" protections provided under the Private Securities Reform Act
 of 1995.  Additional information about issues that could lead to material
 changes in performance is contained in the company's annual reports filed with
 the Securities and Exchange Commission.
 
 SOURCE  Williams