We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Williams (WMB) Executes Contracts for Low-Emission Next-Gen Gas
Read MoreHide Full Article
The Williams Companies (WMB - Free Report) recently announced that it is executing agreements with Coterra Energy and Dominion Energy to set up the industry's first next-generation natural gas certification process across all the segments of the value chain. The process will start with production through gathering and transmission, with deliveries through 2023.
The Tulsa, OK-based pipeline operator stated that it is leveraging block-chain secured technology to track and measure end-to-end emissions through the aggregation and reconciliation of multiple sources of data to provide a path-specific methane intensity certification that meets or exceeds the measurement protocols.
Chad Zamarin, the senior vice president of Corporate Strategic Development for Williams, mentioned that the company is proud to launch the industry’s first comprehensive next-gen natural gas platform. “As we look to a low-carbon energy future, Williams is committed to leading our industry with credible solutions to benefit our customers and their sustainability goals,” he ended.
WMB said that the project signifies the first full value chain methane emission certification program that will meet or exceed the quantification, measurement, reporting and verification measurement standards. These have been prescribed by the Oil & Gas Methane Partnership, a collaboration developed by the United Nations, the Environmental Defense Fund, and the Climate and Clean Air Coalition.
Founded in 1908, The Williams Companies, Inc. is a premier energy infrastructure provider in North America. WMB’s core operations include finding, producing, gathering, processing and transporting natural gas and natural gas liquids. Boasting a widespread pipeline system of more than 33,000 miles of pipelines, Williams is one of the largest domestic transporters of natural gas by volume.
Williams currently has a Zacks Rank #3 (Hold). Investors interested in the energy space might look at some better-ranked stocks — Helmerich & Payne (HP - Free Report) , DCP Midstream Partners and Patterson-UTI (PTEN - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Helmerich’s 2022 earnings stands at $4.46 per share, which indicates an increase of about 4,360% from the year-ago profit of 10 cents.
HP beat estimates for earnings in three of the trailing four quarters, the average being around 124.2%.
The consensus mark for DCP’s 2022 earnings stands at $4.47 per share, which indicates an increase of about 181.1% from the year-ago loss of $1.59.
DCP beat estimates for earnings in three of the trailing four quarters, the average being around 25.5%.
The consensus estimate for Patterson’s 2022 earnings is pegged at 55 cents per share, suggesting an increase of about 128.5% from the year-ago loss of $1.93.
PTEN beat the consensus mark for earnings in three of the trailing four quarters, the average being around 169.2%.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Williams (WMB) Executes Contracts for Low-Emission Next-Gen Gas
The Williams Companies (WMB - Free Report) recently announced that it is executing agreements with Coterra Energy and Dominion Energy to set up the industry's first next-generation natural gas certification process across all the segments of the value chain. The process will start with production through gathering and transmission, with deliveries through 2023.
The Tulsa, OK-based pipeline operator stated that it is leveraging block-chain secured technology to track and measure end-to-end emissions through the aggregation and reconciliation of multiple sources of data to provide a path-specific methane intensity certification that meets or exceeds the measurement protocols.
Chad Zamarin, the senior vice president of Corporate Strategic Development for Williams, mentioned that the company is proud to launch the industry’s first comprehensive next-gen natural gas platform. “As we look to a low-carbon energy future, Williams is committed to leading our industry with credible solutions to benefit our customers and their sustainability goals,” he ended.
WMB said that the project signifies the first full value chain methane emission certification program that will meet or exceed the quantification, measurement, reporting and verification measurement standards. These have been prescribed by the Oil & Gas Methane Partnership, a collaboration developed by the United Nations, the Environmental Defense Fund, and the Climate and Clean Air Coalition.
Founded in 1908, The Williams Companies, Inc. is a premier energy infrastructure provider in North America. WMB’s core operations include finding, producing, gathering, processing and transporting natural gas and natural gas liquids. Boasting a widespread pipeline system of more than 33,000 miles of pipelines, Williams is one of the largest domestic transporters of natural gas by volume.
Williams currently has a Zacks Rank #3 (Hold). Investors interested in the energy space might look at some better-ranked stocks — Helmerich & Payne (HP - Free Report) , DCP Midstream Partners and Patterson-UTI (PTEN - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Helmerich’s 2022 earnings stands at $4.46 per share, which indicates an increase of about 4,360% from the year-ago profit of 10 cents.
HP beat estimates for earnings in three of the trailing four quarters, the average being around 124.2%.
The consensus mark for DCP’s 2022 earnings stands at $4.47 per share, which indicates an increase of about 181.1% from the year-ago loss of $1.59.
DCP beat estimates for earnings in three of the trailing four quarters, the average being around 25.5%.
The consensus estimate for Patterson’s 2022 earnings is pegged at 55 cents per share, suggesting an increase of about 128.5% from the year-ago loss of $1.93.
PTEN beat the consensus mark for earnings in three of the trailing four quarters, the average being around 169.2%.