By Allison Prang
Williams Cos. reported a profit from continuing operations compared with a loss from those operations a year ago.
The company's earnings from continuing operations was $138 million, compared with a loss of $572 million a year ago. Its earnings from continuing operations were 11 cents a share compared with a loss of 47 cents a share a year ago.
Williams said that higher service revenues, a rise in volumes in its Northeast G&P segment and its Utica East Ohio Midstream LLC revenues being consolidated helped fourth-quarter profit.
Adjusted earnings from continuing operations were 24 cents a share, up from 19 cents a share. According to FactSet, analysts were expecting 25 cents a share.
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