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4-Traders Homepage  >  Equities  >  Nyse  >  Williams Companies    WMB

WILLIAMS COMPANIES (WMB)
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Williams : New York Times spotlights environmental effort funded by Williams

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05/25/2018 | 08:58pm CEST

Recently, the New York Times published an op-ed highlighting an initiative Williams funded in partnership with the U.S. Fish & Wildlife Service to treat endangered bats threatened by a deadly disease known as white-nose syndrome.

The article titled 'Fighting to Save America's Bats ' was penned by author Michael Taylor. He writes:

'Twelve years ago white-nose syndrome was first detected in a bat in a cave in Schoharie County, in upstate New York. Since then the syndrome's cause, the fungal pathogen Pseudogymnoascus destructans, has spread across at least 31 states and five Canadian provinces, striking hibernating bats. More than six million are thought to have died. Some infected colonies have experienced a mortality rate of more than 95 percent.'

Taylor highlights the economic implications of the disease, noting that bats save farmers billions of dollars each year on pest control. As the disease spreads to bats across the country, there is hope. Taylor continues:'At a time when government seems under unrelenting attack, state and federal agencies, private conservation organizations and universities have been working together to stop this killer.'

Although Williams isn't mentioned directly, the federal and state agencies overseeing the project are very aware of the important role we are playing in supporting the ground-breaking research - underwriting the program developed by researchers at Georgia State University(GSU).

This video includes comments from GSU researchers recognizing the important role Williams played in partially funding the program to save bats by delivering mass treatments to caves used by bats as winter roosts. Treatments are administered using a patented device which fills the space with an anti-fungal aerosol designed to prevent the white-nose syndrome from developing.

The effort was part of mitigation designed to offset temporary impacts associated with the construction of our Dalton Expansion project in northwest Georgia in 2017.

Taylor writes that the treatments do appear to be working.

'At the Black Diamond Tunnel, the results of the spraying were encouraging. After an hour, the team slowly paddled back to share its results: 178 bats, up by 26 from the last count.'

While researchers caution against becoming too optimistic, they admit that they are 'ecstatic' with the early results, which is providing a glimmer of hope amid the catastrophe.

Disclaimer

The Williams Companies Inc. published this content on 25 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 May 2018 18:57:03 UTC

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Financials ($)
Sales 2018 8 320 M
EBIT 2018 2 511 M
Net income 2018 671 M
Debt 2018 20 740 M
Yield 2018 5,04%
P/E ratio 2018 32,52
P/E ratio 2019 27,14
EV / Sales 2018 5,18x
EV / Sales 2019 4,80x
Capitalization 22 337 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 33,9 $
Spread / Average Target 26%
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Managers
NameTitle
Alan S. Armstrong President, Chief Executive Officer & Director
Stephen W. Bergstrom Chairman
Michael G. Dunn Chief Operating Officer & Executive Vice President
John D. Chandler Chief Financial Officer & Senior Vice President
Janice D. Stoney Independent Director
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