Williams(WMB)

Search documents
Williams(WMB) - 2023 Q3 - Quarterly Report
2023-10-31 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ☑ ACT OF 1934 For the quarterly period ended September 30, 2023 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ☐ ACT OF 1934 For the transition period from _____________ to _____________ Commission file number 1-4174 THE WILLIAMS COMPANIES, INC. (Exact name of registrant as specified in its charter) Delaware ...
The Williams Companies, Inc. (WMB) Barclays CEO Energy-Power Conference (Transcript)
2023-09-06 12:43
Summary of The Williams Companies, Inc. Conference Call Company Overview - **Company**: The Williams Companies, Inc. (NYSE: WMB) - **Event**: Barclays CEO Energy-Power Conference - **Date**: September 6, 2023 - **Participants**: Alan Armstrong (CEO), Theresa Chen (Barclays) Key Financial Metrics - **Return on Invested Capital (ROIC)**: 17.5% over the last five years, indicating a healthy performance across the entire portfolio [3] - **Earnings Per Share (EPS) Growth**: 23% Compound Annual Growth Rate (CAGR) over the last five years [5] - **Dividend Growth**: 6% CAGR, with expanding coverage during the same period [5] - **Free Cash Flow Generation**: Expected to increase as credit metrics align, with higher returns anticipated [6] Business Predictability - **Earnings Consistency**: 30 consecutive quarters of meeting or exceeding consensus estimates, with guidance raised during this period [4] - **Base Business Stability**: 92% of the business is predictable and not significantly correlated with commodity prices [6][7] Market Dynamics - **Natural Gas Demand**: Projected to grow at a rate of 6% from 2022 to 2023, with peak demand reaching 53 Bcf per day [8][9] - **Electrification Impact**: Significant investments in electrification at ports and airports are expected to drive further demand for natural gas [11] - **Coal to Gas Transition**: 74 coal plants with a capacity of 79 gigawatts are transitioning to natural gas, representing a growth opportunity for the company [12] LNG and Infrastructure Growth - **LNG Projects**: Active projects totaling 12-13 Bcf per day, with an additional 26 Bcf per day in execution [13] - **Transco Pipeline**: The most valued pipeline in the U.S., with a 13% EBITDA CAGR over five years and expected to reach 21 Bcf per day by 2025 [15][16] Future Projects and Growth Opportunities - **Upcoming Projects**: Several projects expected to come online in 2023 and 2024, with significant growth anticipated in deepwater EBITDA [17][18] - **Pipeline Expansion**: Continued movement of projects into execution, with a focus on high-return expansions [19][20] Capital Allocation and Financial Strategy - **Capital Allocation**: Focus on maintaining a strong balance sheet with a BBB-plus credit rating, while also considering stock buybacks and dividend growth [24][28] - **Investment Opportunities**: Emphasis on high-return projects, particularly in emissions reduction and infrastructure improvements [26][30] Market Position and Competitive Advantage - **Competitive Edge**: Strong relationships and strategic acquisitions, such as the MountainWest deal, are expected to drive growth [21][23] - **Response to Market Needs**: Ability to adapt to market demands, particularly in the context of coal conversion and LNG supply [12][14] Conclusion - **Outlook**: The company is well-positioned to capitalize on the growing demand for natural gas and infrastructure needs, with a strong focus on sustainability and emissions reduction [30][31]
Williams(WMB) - 2023 Q2 - Earnings Call Transcript
2023-08-03 17:48
The Williams Companies, Inc. (NYSE:WMB) Q2 2023 Earnings Conference Call August 3, 2023 9:30 AM ET Company Participants Danilo Juvane – Vice President of Investor Relations, ESG, and Investment Analysis Alan Armstrong – President and Chief Executive Officer John Porter – Chief Financial Officer Michael Dunn – Chief Operating Officer Conference Call Participants Spiro Dounis – Citi Jeremy Tonet – JP Morgan Jean Ann Salisbury – Bernstein Brian Reynolds – UBS Praneeth Satish – Wells Fargo Colton Bean – TPH and ...
Williams(WMB) - 2023 Q2 - Earnings Call Presentation
2023-08-03 15:53
Williams 2nd Quarter 2023 Earnings Call WILLIAMS © 2023 The Williams Companies, Inc. All rights reserved NYSE: WMB I Williams 2nd Quarter 2023 Earnings Call I August 3, 2023 I www.williams.com 1 2Q at a glance Premier Midstream Operator Steadfast project execution to drive additional growth in 2023 and beyond ADJUST ED EBI T DA • Signed precedent agreement for Overthrust Westbound Expansion 8% • Fully integrated MountainWest into existing Western f ...
Williams(WMB) - 2023 Q2 - Quarterly Report
2023-08-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ☑ ACT OF 1934 For the quarterly period ended June 30, 2023 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ☐ ACT OF 1934 For the transition period from _____________ to _____________ Commission file number 1-4174 THE WILLIAMS COMPANIES, INC. (Exact name of registrant as specified in its charter) Delaware 73-05 ...
The Williams Companies, Inc. (WMB) J.P. Morgan Energy, Power & Renewables Conference - (Transcript)
2023-06-21 15:59
Summary of The Williams Companies, Inc. Conference Call Company Overview - **Company**: The Williams Companies, Inc. (NYSE: WMB) - **Industry**: Natural Gas and Energy Sector Key Points and Arguments Natural Gas as a Solution - Natural gas is viewed as a critical and affordable solution to the intermittency of renewable energy sources as the energy landscape evolves [2][4] - The focus is on the capacity for natural gas rather than average annual use, emphasizing the importance of peak day capacity [2][3] Emission Reduction and Sustainability - Williams emphasizes the potential for natural gas to reduce emissions on an economically sustainable basis without requiring subsidies [3][4] - The company supports tighter regulations on methane emissions and is actively working on emission tracking technologies [8][9] Growth in Peak Day Demand - A study by McKinsey indicates that peak day power demand will increase significantly, even as average annual consumption of natural gas may decline [5][6] - From 2019 to 2022, there was an 85% increase in renewables, with corresponding increases in peak days of 9% and 14% in their systems [6] Investment and Financial Performance - Williams has a strong track record of year-over-year EBITDA growth, with a long-term growth target of 5% to 7% [14][33] - The company has been able to maintain growth despite fluctuations in gas prices, with guidance reflecting a softer gas market [12][36] Project Pipeline and Future Growth - Significant projects are expected to come online in 2025, which will contribute to a substantial increase in capacity and EBITDA [15][34] - The company has several ongoing projects, including the Mountain Valley Pipeline and Regional Energy Access project, which are expected to enhance their service capabilities [21][24] Capital Allocation Strategy - Williams is focused on balancing growth projects with shareholder returns, including stock buybacks when opportunities arise [29][32] - The company has a $1.5 billion authority for stock buybacks and is strategically investing in emission reduction projects [30][32] Market Position and Competitive Advantage - Williams is well-positioned to capitalize on the transition from coal to natural gas, particularly in regions with high renewable energy penetration [19][21] - The integration of their gas marketing arm, Sequent, has proven successful, enhancing their operational efficiency and cash flow generation [25][26] Conclusion - The Williams Companies is strategically positioned in the natural gas sector, focusing on emission reductions, capacity growth, and sustainable practices while maintaining a strong financial outlook and commitment to shareholder value [27][28]
Williams(WMB) - 2023 Q1 - Earnings Call Presentation
2023-05-04 18:30
Williams 1st Quarter 2023 Earnings Call May 4, 2023 WILLIAMS© ...
Williams(WMB) - 2023 Q1 - Earnings Call Transcript
2023-05-04 18:28
The Williams Companies, Inc. (NYSE:WMB) Q1 2023 Earnings Conference Call May 4, 2023 9:30 AM ET Company Participants Danilo Juvane - Vice President, Investor Relations Alan Armstrong - President and Chief Executive Officer John Porter - Chief Financial Officer Michael Dunn - Chief Operating Officer Lane Wilson - General Counsel Chad Zamarin - Executive Vice President, Corporate Strategic Development Conference Call Participants Brian Reynolds - UBS Jeremy Tonet - JP Morgan Marc Solecitto - Barclays Praneeth ...
Williams(WMB) - 2023 Q1 - Quarterly Report
2023-05-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ☑ ACT OF 1934 For the quarterly period ended March 31, 2023 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ☐ ACT OF 1934 For the transition period from _____________ to _____________ Commission file number 1-4174 THE WILLIAMS COMPANIES, INC. (Exact name of registrant as specified in its charter) Delaware 73-0 ...
Williams(WMB) - 2022 Q4 - Annual Report
2023-02-26 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ☑ OF 1934 For the fiscal year ended December 31, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ☐ ACT OF 1934 For the transition period from to Commission file number 1-4174 The Williams Companies, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 73-0569878 (State or Other Jurisdicti ...