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Williams Buys Energy Trader Sequent for $50M; M-U Volume/Profits Up

Williams Buys Energy Trader Sequent for $50M; M-U Volume/Profits Up
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Williams Companies Inc (WMB) Q1 2021 Earnings Call Transcript

Williams Companies Inc (WMB) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Williams Companies Inc (NYSE: WMB) Popular Searches Operator Good day, everyone, and welcome to Williams First Quarter 2021 Earnings Conference Call. [Operator Instructions] At this time for opening remarks, and introductions, I would like to turn the call over to Mr. Danilo Juvane, Vice President of Investor Relations. Please go ahead.SPONSORED: 10 stocks we like better than Williams Companies When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade,

Oil, Gas, And Fracking News Read 02May 2021

The natural gas storage report from the EIA for the week ending April 23rd indicated that the amount of natural gas held in underground storage in the US rose by 15 billion cubic feet to 1,898 billion cubic feet by the end of the week, which left our gas supplies 302 billion cubic feet, or 13.7% below the 2,200 billion cubic feet that were in storage on April 23rd of last year, and 40 billion cubic feet, or 2.1% below the five-year average of 1,938 billion cubic feet of natural gas that have been in storage as of the 23rd of April in recent years..the 15 billion cubic feet that were added to US natural gas storage this week was more than the average forecast of a 9 billion cubic foot addition from an S&P Global Platts survey of analysts, but measured well below the average addition of 67 billion cubic feet of natural gas that have typically been injected into natural gas storage during the same week over the past 5 years, as well as well below the 66 billion cubic feet added to natur

Southern to sell Sequent natgas trading unit after Texas freeze profit

2 minute read U.S. energy company Southern Co (SO.N) said this week it agreed to sell its Sequent Energy Management wholesale gas trading business, which made about $200 million selling natural gas during the Texas freeze in February. Sequent was able to step into the breach and sell a lot of gas in storage, Southern Chief Executive Tom Fanning told analysts on an earnings call on Thursday. Fanning said the company took $75 million or so of that $200 million and put it into our foundation . to get reploughed back into communities. Fanning said you ll see net income for Sequent in the first quarter of around $133 million.

Southern to Shed Sequent Wholesale Natural Gas Trading Arm to Reduce Risk

Southern to Shed Sequent Wholesale Natural Gas Trading Arm to Reduce Risk Southern Company, among the largest U.S. electric and natural gas distribution companies, said Thursday it had signed a deal to sell Sequent Energy Management, its wholesale gas trading and services business, in a move to reduce risk. The Atlanta-based firm disclosed the planned sale, expected to close in the third quarter, along with its first quarter earnings results. During a call with analysts and investors, executives said the sale was signed at book value so Southern would not see material gains or losses. However, executives said, it will enable the company to shed a volatile piece of its earnings per share (EPS) and free up capital.  

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