Williams 1Q20 – Critical NESE Pipe Deadlines Next 30 Days

Williams, the midstream/pipeline giant with major operations and assets in the Marcellus Shale, released its first-quarter update and held a conference call with analysts yesterday. The company wrote down the value of several projects, including the Constitution Pipeline, which led to a paper loss of $518 million in 1Q20. That’s the bad news. The good news is that the Marcellus (which Williams calls its Northeast G&P segment) saw revenues rise 23% in 1Q20.

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