Williams reports that earnings quadrupled in fourth quarter

Monday, February 5th 2001, 12:00 am
By: News On 6

(Tulsa-AP) -- The volatile natural gas and electric power markets helped the Tulsa-based energy and communications company Williams more than double its net income last year.

The company announced today that in the fourth-quarter alone the company's energy services sector more than quadrupled its profits from 1999.

Company officials say the increase is primarily due to higher profits from energy marketing and trading.

Williams reports a net income in 2000 of more than 524 (m) million dollars, or one-dollar, 17 cents per share. That's up from 1999's net income of 221-point-four (m) million dollars, or 50 cents per share.