The sale of its 198 convenience stores plus improved refining volumes and higher natural gas prices helped boost Williams’ second quarter income to $339.5 million, compared to $286.4 million in second quarter 2000.

The company is primarily an energy trader and natural gas producer and distributor. It recently sold its convenience stores to Delek Services but kept some 60 travel centers. Williams said its Petroleum Services operations, which includes the travel centers as well as refining, petroleum products transportation and terminals, bio-energy and olefins productions, had a second quarter operating profit of $160.2 million, compared to $57 million for the same period last year. The company said the improved results were due to a $72.1 million gain on the convenience store sale. It also said that higher refining margins and volumes plus improved bio-energy margins partially offset convenience and Travel Center losses for the quarter.
Williams’ Energy Services segment, which includes Petroleum Services, had a second quarter operating income of $524.8 million compared to $413.5 million a year ago. Gas Pipeline, which provides natural gas transportation and storage services, had second quarter operating income of $207 million, compared with $215.2 million for the same period last year.
Company-wide revenues for second quarter were $2.82 billion, up from $2.34 billion in second quarter 2000.
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