Williams Companies Earnings Cheat Sheet: Beats Analyst Expectations

S&P 500 (NYSE:SPY) component Williams Companies Inc (NYSE:WMB) swung to a profit in the first quarter, beating Wall Street estimates. Williams Companies, Inc. is engaged in finding, producing, gathering, processing and transporting natural gas (NYSE:UNG).

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Williams Companies Inc Earnings Cheat Sheet for the First Quarter

Results: Swung to a profit of $321 million (54 cents/diluted share) in the quarter. The oil and gas company had a net loss of $193 million or a loss of 33 cents per share in the year earlier quarter.

Actual vs. Wall St. Expectations: WMB beat the mean analyst estimate of 36 cents/share. Estimates ranged from 33 cents per share to 39 cents per share.

Competitors to Watch: Williams Partners L.P. (NYSE:WPZ), EQT Corporation (NYSE:EQT), Marathon Oil Corporation (NYSE:MRO), Cheniere Energy, Inc. (AMEX:LNG), Chevron Corporation (NYSE:CVX), Southwestern Energy Co. (NYSE:SWN), Kinder Morgan Energy Partners LP (NYSE:KMP), Occidental Petroleum Corp. (NYSE:OXY), Southern Union Company (NYSE:SUG), Chesapeake Energy (NYSE:CHK), ConocoPhillips (NYSE:COP), BP plc (NYSE:BP) and Questar Corporation (NYSE:STR)

Stock Performance: Shares of WMB are trading at $31.38 as of May 5, 2011 at 7:04 AM ET, unchanged from the previous closing price of $31.90.

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