Will Williams Companies Inc. Keep Its Growth Streak Alive in the Third Quarter?

Williams Companies (NYSE: WMB) has been on quite a roll. Despite a turbulent oil market, the energy midstream giant, through its majority stake in master limited partnership Williams Partners (NYSE: WPZ), has delivered 15 consecutive quarters of year-over-year growth in adjusted EBITDA. However, the companies faced several headwinds in the third quarter that could halt that streak.

Here's a closer look at what might impact that number, which the company will release on Wednesday after markets close.

In early July, Williams Partners completed the sale of its stake in the Geismar petrochemical plant in Louisiana for $2.1 billion. That transaction did several things for the company, including giving it the cash to pay off an $850 million term loan and prefund future capex as well as secure a long-term, fee-based supply agreement with the new owner. Those positives aside, it lost a meaningful earnings contributor, which will have an impact on third-quarter results. 

Continue reading

Source: Fool.com