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WILLIAMS COMPANIES (WMB)
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Williams : rsquo; NY pipeline project receives prestigious engineering award

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12/15/2017 | 05:37pm CET

The award recognizes the engineering work associated with the Rockaway project, which was successfully placed into service in 2015. The 3-mile, 26-inch offshore pipeline provides natural gas from the existing Transco pipeline in New York Bay to the Rockaways. The project marked the first new delivery point for interstate natural gas infrastructure into New York City in more than 40 years.

'This Rockaway Delivery Lateral Project is a great example of how prudent engineering design combined with an innovative approach to environmental mitigation can ultimately deliver exceptional results,' said Evan Kirchen, Williams vice president of Project Execution.

As part of the environmental mitigation associated with the project, Williams' engineering contractor, E&E Engineering, created a successful mitigation plan to enhance the 413-acre Rockaway Reef, a designated artificial reef area in the Atlantic Ocean seaward of the Rockaway Peninsula. The plan included the deployment of 450 sections of concrete-coated pipe to increase the connectivity and habitat value.
In addition, the project earned high marks for the rehabilitation of the historic Floyd Bennett Field abandoned airplane hangars, which were reused to house Transco's meter and regulating facility. The adaptive reuse of the hangers preserved their historical character, while the lease fees to the National Park Service for the use of the hangars supports park maintenance and future park improvements.

The project was unique in its permitting complexity, requiring Congressional approval to grant the National Park Service authority for the adaptive reuse of the hangers.

The Williams Companies Inc. published this content on 15 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 December 2017 16:36:01 UTC.

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Financials ($)
Sales 2017 7 876 M
EBIT 2017 2 242 M
Net income 2017 688 M
Debt 2017 20 353 M
Yield 2017 4,04%
P/E ratio 2017 34,74
P/E ratio 2018 28,59
EV / Sales 2017 5,70x
EV / Sales 2018 5,82x
Capitalization 24 579 M
Chart WILLIAMS COMPANIES
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Williams Companies Technical Analysis Chart | WMB | US9694571004 | 4-Traders
Technical analysis trends WILLIAMS COMPANIES
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 34,4 $
Spread / Average Target 16%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
WILLIAMS COMPANIES-6.68%24 579
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TRANSCANADA CORPORATION1.25%42 023
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ENERGY TRANSFER PARTNERS LP-27.14%20 221