Williams Cos.Profit Doubles - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Williams Cos.Profit Doubles

TULSA, Okla. (AP) -- Tulsa-based Williams Companies is reporting its fourth-quarter 2006 profits more than doubled from the year before.

Williams says it had net income of nearly $146.5 million in the final three months of last year compared to just under $67 million in the fourth quarter of 2005.

Company officials say the improvement is due in part to a $40 million gain related to resolving a tax dispute and the fact some costly lawsuits have ended.

Williams also says it recorded higher profits in its natural gas and liquids processing and pipeline businesses.
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