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TULSA, Okla. - Williams (NYSE: WMB), a leading energy company with a market capitalization of $68.17 billion, announced today that its Executive Vice President and Chief Operating Officer, Micheal Dunn, is set to retire on May 2, 2025. Dunn has been credited with transforming the company into a unified and operationally disciplined entity, with a strong emphasis on safety and operational excellence.
Alan Armstrong, President and CEO of Williams, lauded Dunn’s transformative leadership and his role in driving the company’s safety culture and operational success. Under Dunn’s guidance, Williams has completed significant infrastructure projects, such as Atlantic Sunrise and Regional Energy Access, and has expanded its presence along Transco, Northwest Pipeline, and in the Deepwater Gulf. These accomplishments are in line with the company’s strategy to focus on natural gas and to enhance its competitive edge. The strategy has yielded impressive results, with InvestingPro data showing a robust 57.17% return over the past year and consistent dividend payments for 52 consecutive years.
Dunn, who began his career with Williams in 1988, expressed gratitude for his time with the company and confidence in the team’s ability to continue delivering for customers and shareholders. He has held various leadership roles within the energy industry, including President of Questar Pipeline and Executive Vice President of Questar Corporation, before rejoining Williams in 2017.
The search for Dunn’s successor is currently in progress, with Dunn playing an active role in the selection process.
Williams operates a 33,000-mile pipeline network and plays a significant role in the distribution of natural gas in the United States. The company has a longstanding commitment to energy reliability and environmental responsibility, positioning itself at the forefront of the transition to a clean energy future.
This announcement is based on a press release statement from Williams.
In other recent news, Williams Companies has announced the issuance of $1.5 billion in senior notes, a strategic move to manage its capital structure. The offering includes $1.0 billion in 5.600% Senior Notes due 2035 and $500 million in 6.000% Senior Notes due 2055. This follows the company’s fourth-quarter results for 2024, which met analyst expectations and included increased EBITDA guidance for 2025. Stifel analysts have raised their price target for Williams Companies to $62, maintaining a Buy rating, reflecting confidence in the company’s growth prospects. Similarly, Mizuho Securities increased its price target to $63, citing potential partnerships with hyperscalers in the AI sector. Raymond James also reaffirmed an Outperform rating, noting a $1.6 billion investment in natural gas and power infrastructure. This investment is highlighted by the Socrates Power Solution Facilities project in Ohio, aimed at generating 400 MW of electricity. These developments underscore Williams Companies’ strategic positioning and potential for growth in various sectors, including AI and data centers.
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