During Monday’s Morning trade, Shares of Williams Companies Inc (NYSE:WMB), lost -0.66% to $37.73.
Williams and Williams Partners, declared that the Federal Energy Regulatory Commission (FERC) has approved an application for Gulf Trace, a 1.2 million dekatherm per day expansion of the Transco pipeline system to serve the Cheniere Energy Partners, L.P. (CQP) Sabine Pass Liquefaction project being developed in Cameron Parish, La. The Sabine Pass LNG export terminal will connect U.S. natural gas supplies with global LNG markets.
Transco, a wholly owned partner of Williams Partners, has executed an agreement with Sabine Pass Liquefaction, LLC, for the entire capacity of the Gulf Trace project.
The Sabine Pass export terminal is presently under construction and first LNG is predictable in late 2015. Once complete, the Sabine Pass liquefaction terminal will be the first large-scale LNG export facility in operation in the United States, with six LNG trains and predictable nominal production capacity of 27 million tonnes per annum. Sabine Pass Liquefaction’s project is supported by long-term contacts with several LNG off-take shippers and is predictable to provide LNG for export to diverse markets overseas.
The Gulf Trace project is designed to make Transco’s production area mainline and southwest Louisiana lateral systems bi-directional from Station 65 in St. Helena Parish, La. to Cameron Parish, La. In addition to the pipeline reversal, a new, 7-mile 36-inch lateral pipeline, the expansion of an existing compressor station and a new green field compressor station are planned in order to provide firm transportation service to the Sabine Pass LNG facility.
The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the offshore Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.
Shares of Tableau Software Inc (NYSE:DATA), declined -1.46% to $100.94, during its current trading session.
Tableau Software, stated results for its third quarter ended September 30, 2015.
- Total revenue grew to $170.8 million, up 64% year over year.
- License revenue grew to $109.5 million, up 57% year over year.
- International revenue grew to $42.2 million, up 75% year over year.
- Added more than 3,100 new customer accounts.
- Closed 296 transactions greater than $100,000.
- Diluted GAAP loss per share was $0.19; diluted non-GAAP earnings per share were $0.14.
Financial Highlights
Total revenue raised 64% to $170.8 million, up from $104.5 million in the third quarter of 2014. License revenue raised 57% to $109.5 million, up from $69.8 million in the third quarter of 2014. International revenue grew to $42.2 million, up 75%, from $24.1 million in the third quarter of 2014.
GAAP operating loss for the third quarter of 2015 was $13.2 million, contrast to a GAAP operating loss of $3.8 million for the third quarter of 2014. GAAP net loss for the third quarter of 2015 was $13.4 million, or $0.19 per diluted common share, contrast to a GAAP net loss of $4.6 million, or $0.07 per diluted common share, for the third quarter of 2014.
Non-GAAP operating income, which excludes stock-based compensation expense, was $18.4 million for the third quarter of 2015, contrast to a non-GAAP operating income of $8.7 million for the third quarter of 2014. Non-GAAP net income, which excludes stock-based compensation expense and related income tax adjustments, was $10.6 million for the third quarter of 2015, or $0.14 per diluted common share, contrast to a non-GAAP net income of $3.9 million, or $0.05 per diluted common share, for the third quarter of 2014.
Tableau Software, Inc., together with its auxiliaries, provides business analytics software products in the United States, Canada, and internationally. The company offers Tableau Desktop, a self-service analytics environment that empowers people to access and analyze data independently; and Tableau Server, a business intelligence platform with data administration, scalability, and security to foster the sharing of data, in addition to to improve the dissemination of information in an organization and promote improved decision-making.
Finally, Shares of Zions Bancorporation (NASDAQ:ZION), gained 0.10%, and is now trading at $30.72.
Zions Bancorporation, declared that Joseph (Joe) Reilly, who has been serving as chief information officer (CIO), will assume the new role of chief technology strategist. In this role he will focus on technology strategy and planning, architecture, and the delivery of certain planned technology initiatives, counting Zions’ multi-year core systems transformation project, which will replace the company’s loan servicing and deposit systems. Jennifer Smith will assume the role of chief information officer. She will be responsible for providing the company’s banking divisions with technology solutions and operational support. Both will report to the company’s president and chief operating officer, Scott McLean and serve on the company’s Executive Administration Committee.
“Joe Reilly has offered the guiding leadership to launch our core transformation project,” said Harris H. Simmons, chairman and chief executive officer of Zions Bancorporation. “The core transformation project is proceeding well, and this change should enable Joe to focus full time on improving the agility of our systems, value creation for the business, and maximizing the value of the company’s noteworthy investment in its new core systems.”
Zions Bancorporation, a financial holding company, provides a range of banking and related services in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.