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Williams (WMB) Q1 Earnings Beat Estimates, Revenues Miss
Zacks Investment Research· 2024-05-09 13:46
Core Insights - The Williams Companies, Inc. (WMB) reported first-quarter 2024 adjusted earnings per share of 59 cents, exceeding the Zacks Consensus Estimate of 49 cents and improving from 56 cents in the same period last year [1] - Revenues for the quarter were $2.8 billion, falling short of the Zacks Consensus Estimate of $2.9 billion and down from $3.1 billion year-over-year, attributed to lower service revenues and net losses from commodity derivatives [1] Financial Performance - Adjusted EBITDA for the quarter was $1.9 billion, reflecting a year-over-year increase of 7.7% [2] - Cash flow from operations was $1.2 billion, a decrease of 18.5% compared to the same quarter in 2023 [2] Segmental Analysis - Transmission & Gulf of Mexico segment reported adjusted EBITDA of $839 million, up 15.2% year-over-year, driven by acquisitions and expansion projects [3] - West segment's adjusted EBITDA totaled $328 million, a 14.7% increase from the prior year, attributed to acquisitions and improved commodity margins [3] - Northeast G&P segment achieved adjusted EBITDA of $504 million, up 3.9% from $485 million in the previous year, linked to higher rates and volumes [3] - Gas & NGL Marketing Services unit generated adjusted EBITDA of $189 million, down from $231 million in the prior year [4] Costs, Capital Expenditure & Balance Sheet - Total costs and expenses for the quarter were $1.8 billion, an increase of 2.2% from $1.7 billion year-over-year [5] - Total capital expenditure was $544 million, slightly down from $545 million a year ago [5] - As of March 31, 2024, the company had cash and cash equivalents of $667 million and long-term debt of $24.1 billion, with a debt-to-capitalization ratio of 65.9% [5] Infrastructure Expansion - The company completed the acquisition of six storage facilities with a total capacity of 115 Bcf across Louisiana and Mississippi, aimed at meeting rising LNG export and power generation demands [6] - Williams inaugurated Transco's Carolina Market Link and received FERC notice to proceed with Transco's Commonwealth Energy Connect [6] - Construction commenced on Transco's Southside Reliability Enhancement and Southeast Energy Connector projects, with the initial phase of Transco's Regional Energy Access generating earnings during the quarter [6] Guidance - The company anticipates adjusted EBITDA in the range of $6.8 billion to $7.1 billion for the top half of 2024, with growth capex between $1.45 billion and $1.75 billion [9] - Maintenance capex is expected to be between $1.1 billion and $1.3 billion, including $350 million for emission reduction and modernization initiatives [9] - A 6.1% increase in dividends to $1.90 per share is expected in 2024, up from $1.79 in 2023 [9] - For 2025, adjusted EBITDA is projected between $7.2 billion and $7.6 billion, with growth capex of $1.65 billion to $1.95 billion [9]
Williams(WMB) - 2024 Q1 - Earnings Call Presentation
2024-05-08 01:50
Q1 2024 Financial Results Presentation May 7, 2024 1 Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1955 (“PSLRA”) relating to, among other things, expected commercial and financial results; Rigel’s ability to earn and receive milestone payments; expectations related to the potential and market opportunity of REZLIDHIA® (olutasidenib) as therapeutics for relapsed or refractory acute myeloid leukemia (AML) ...
Williams(WMB) - 2024 Q1 - Earnings Call Transcript
2024-05-07 18:06
Williams Companies, Inc. (NYSE:WMB) Q1 2024 Earnings Conference Call May 7, 2024 9:30 AM ET Company Participants Danilo Juvane - VP, IR Alan Armstrong - President, CEO & Director John Porter - SVP & CFO Micheal Dunn - EVP & COO Chad Zamarin - EVP, Corporate Strategic Development Conference Call Participants Spiro Dounis - Citigroup Jeremy Tonet - JPMorgan Chase & Co. Manav Gupta - UBS John Mackay - Goldman Sachs Group Praneeth Satish - Wells Fargo Securities Tristan Richardson - Scotiabank Theresa Chen - Ba ...
Williams Companies, Inc. (The) (WMB) Q1 Earnings Beat Estimates
Zacks Investment Research· 2024-05-06 22:26
Williams Companies, Inc. (The) (WMB) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.41%. A quarter ago, it was expected that this pipeline operator would post earnings of $0.47 per share when it actually produced earnings of $0.48, delivering a surprise of 2.13%.Over the last four ...
Williams(WMB) - 2024 Q1 - Quarterly Report
2024-05-06 20:17
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, 2024 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) - 2024 Q1 - Quarterly Results
2024-05-06 20:16
Exhibit 99.1 Williams (NYSE: WMB) One Williams Center Tulsa, OK 74172 News Release 800-Williams www.williams.com DATE: Monday, May 6, 2024 MEDIA CONTACT: INVESTOR CONTACTS: media@williams.com Danilo Juvane Caroline Sardella (800) 945-8723 (918) 573-5075 (918) 230-9992 Williams Delivers Strong First-Quarter Results; Positioned to Hit Top Half of 2024 Financial Guidance Range TULSA, Okla. – Williams (NYSE: WMB) today announced its unaudited financial results for the three months ended March 31, 2024. Business ...
Analysts Estimate Williams Companies, Inc. (The) (WMB) to Report a Decline in Earnings: What to Look Out for
Zacks Investment Research· 2024-04-29 15:06
The market expects Williams Companies, Inc. (The) (WMB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected ...
美联储威廉姆斯:尚未感受到降息的紧迫性 若数据支撑甚至可能加息
Cai Lian She· 2024-04-18 20:27AI Processing
财联社4月19日讯(编辑 赵昊)当地时间周四(4月18日),纽约联储主席约翰·威廉姆斯(John Williams)表示,美联储并不急于降低央行利率,经济数据将决定采取行动的时机。 威廉姆斯在媒体举办的一场活动中说道,货币政策正处于“有利的位置”,利率水平正在逐步推动美国通胀靠近央行的目标,“货币政策正在做我们希望看到的事情,因此,我还感受不到有降息的紧迫性。” 近几周,市场接连向后调整美联储“首降”的预期时间点,因美国多项通胀指标都出现了反弹的迹象,美联储主席杰罗姆·鲍威尔也在周二的讲话中暗示,这家央行按兵不动的时间可能会比原计划更长。 当谈及美联储有无进一步加息的可能性时,威廉姆斯称这并不是他的“基线情景”,但如果经济数据证明这一行动有必要,那就是可能的。讲话期间,与美联储利率预期关联最为紧密的2年期美债收益率迅速走高,现报4.99%。 美国2年期国债收益率分时图 需要指出的是,威廉姆斯本周早些时候的说法还没有这么“鹰派”,他在周一接受采访时表示,如果美国通胀能继续逐步放缓,美联储很有可能会在年内开始降息。与今天的言论相比明显温和得多。 纽约联储主席是美联储中最重要的职位之一,因为纽约联储位处美国金融 ...
Why The Williams Companies (WMB) Could Beat Earnings Estimates Again
Zacks Investment Research· 2024-04-03 17:16
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Williams Companies, Inc. (The) (WMB) . This company, which is in the Zacks Oil and Gas - Production and Pipelines industry, shows potential for another earnings beat.This pipeline operator has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the las ...
1 Super-Safe High-Yield Dividend Stock You Won't Want to Overlook
The Motley Fool· 2024-03-24 09:14
Williams (WMB -0.47%) has flown under the radar of many investors. It's not as big as some of its rivals in the energy midstream sector. It also doesn't offer quite as high a dividend yield as some of its more popular peers. However, Williams' 5.1%-yielding dividend is on a super safe foundation. Further, the company has a lot of fuel to grow its payout in the future. That's why income-focused investors won't want to overlook the pipeline stock.A financial fortressWilliams produces over $5 billion in cash f ...