SOURCE: Industrial Info Resources

Industrial Info Resources

February 19, 2010 05:10 ET

Low Natural Gas Prices in 2009 Dampen Williams Companies' Annual Financial Results, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 19, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Natural gas production, processing and transmission company Williams Companies Incorporated (NYSE:WMB) (Tulsa, Oklahoma) recently reported fourth-quarter and full-year results for the company's 2009 fiscal year. Net income for the year was $285 million, down 80% from net income of $1.42 billion in 2008. The sharp decline in annual income was primarily caused by lower natural gas prices in 2009, compared with extremely high prices in 2008. Industrial Info is currently tracking $2.3 billion of Williams Companies projects in the U.S. and Canada.

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