Core Viewpoint - Williams Companies, Inc. reported a mixed performance in its latest earnings report, with adjusted earnings per share beating estimates but showing a decline year-over-year, while revenues also exceeded expectations but decreased compared to the previous year [2][6]. Financial Performance - Adjusted earnings per share for Q4 2023 were 48 cents, surpassing the Zacks Consensus Estimate of 47 cents, but down from 53 cents in the same quarter last year [2]. - Revenues totaled $2.78 billion, exceeding the Zacks Consensus Estimate of $2.76 billion, but down from $2.93 billion year-over-year [2]. - Adjusted EBITDA for the quarter was $1.72 billion, a decrease of 3% year-over-year [3]. Segmental Analysis - Transmission & Gulf of Mexico segment reported adjusted EBITDA of $752 million, up 7.4% year-over-year, driven by higher service revenues and benefits from the NorTex acquisition [4]. - West segment's adjusted EBITDA was $323 million, down 0.9% from $326 million in the prior year, attributed to lower NYMEX-based rates [4]. - Northeast G&P segment achieved adjusted EBITDA of $485 million, up 4.5% from $464 million year-over-year, due to increased rates and volumes [4]. - Gas & NGL Marketing Services segment reported adjusted EBITDA of $69 million, down from $149 million in the prior year [5]. Costs and Capital Expenditure - Total costs and expenses were $1.7 billion, a decline of 8.1% from $1.85 billion in the previous year [6]. - Total capital expenditure was $788 million, slightly down from $806 million a year ago [6]. Guidance - For 2024, the company expects Adjusted EBITDA in the range of $6.8 billion to $7.1 billion, with growth capital expenditure between $1.45 billion and $1.75 billion [7]. - The company anticipates a 6.1% increase in its dividend to $1.90 per share in 2024, up from $1.79 in 2023 [8]. - Looking ahead to 2025, expected Adjusted EBITDA is between $7.2 billion and $7.6 billion [8]. Market Position and Estimates - Estimates for the company have trended downward over the past month, with a Zacks Rank of 3 (Hold) indicating an expectation of in-line returns in the near term [9][11]. - The company has a subpar Growth Score of D and a Momentum Score of F, with an aggregate VGM Score of F [10]. Industry Comparison - Williams Companies operates in the Oil and Gas - Production and Pipelines industry, where competitor Enbridge reported revenues of $8.37 billion, down 15.4% year-over-year, and an EPS of $0.47, slightly up from $0.46 a year ago [12].

Company Performance - Williams Companies, Inc. (WMB) ended the latest trading session at $35.92, reflecting a -1.67% adjustment from the previous day's close, underperforming the S&P 500 which gained 1.03% [1] - Over the past month, WMB shares have appreciated by 6.53%, outperforming the Oils-Energy sector's gain of 4.1% and the S&P 500's gain of 3.21% [1] - The upcoming earnings report is anticipated to show an EPS of $0.51, an 8.93% decline compared to the same quarter last year, with revenue expected at $2.89 billion, down 6.1% from the prior-year quarter [1] Earnings Estimates - For the full year, Zacks Consensus Estimates project earnings of $1.88 per share and revenue of $11.46 billion, representing changes of -1.57% and +41.06% respectively from the prior year [2] - Recent changes in analyst estimates for WMB are crucial as they indicate the evolving business trends, with positive revisions suggesting optimism about the company's outlook [2] Valuation Metrics - WMB currently has a Forward P/E ratio of 19.39, which is a premium compared to the industry average Forward P/E of 15.42 [3] - The company has a PEG ratio of 5.54, while the average PEG ratio for the Oil and Gas - Production and Pipelines industry is 4.39 [3] Industry Context - The Oil and Gas - Production and Pipelines industry ranks in the bottom 32% of all industries, with a current Zacks Industry Rank of 173 [4] - The Zacks Industry Rank measures the strength of industry groups, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

Bob Krist/The Image Bank via Getty Images Back in April, I started coverage of Williams Companies (NYSE:WMB) with a "Buy" rating, saying it had one of the most valuable assets in the midstream space in the Transco Pipeline. In November, meanwhile, I wrote that I thought 2024 was shaping up well as the company had a number of growth projects set to come online that should power 2024 growth. The stock has generated a nearly 23% return since my original write-up and is up modestly since my last write-up. Compa ...

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, 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 73-0569878 (State or Other Jurisdicti ...

The Williams Companies, Inc. (NYSE:WMB) Williams 2024 Analyst Day February 14, 2024 8:30 AM ET Company Participants Danilo Juvane - Vice President-Investor Relations Alan Armstrong - President and Chief Executive Officer Michael Dunn - Chief Operating Officer Chad Zamarin - Executive Vice President-Corporate Strategic Development John Porter - Chief Financial Officer Lane Wilson - General Counsel Debbie Pickle - Chief HR Officer Conference Call Participants Jeremy Tonet - JPMorgan Sunil Sibal - Seaport Glob ...

The Williams Companies, Inc. (NYSE:WMB) Williams 2024 Analyst Day February 14, 2024 8:30 AM ET Company Participants Danilo Juvane - Vice President-Investor Relations Alan Armstrong - President and Chief Executive Officer Michael Dunn - Chief Operating Officer Chad Zamarin - Executive Vice President-Corporate Strategic Development John Porter - Chief Financial Officer Lane Wilson - General Counsel Debbie Pickle - Chief HR Officer Conference Call Participants Jeremy Tonet - JPMorgan Sunil Sibal - Seaport Glob ...

Williams Companies, Inc. (WMB) reported fourth-quarter 2023 adjusted earnings per share of 48 cents, which beat the Zacks Consensus Estimate of 47 cents. The outperformance was due to stronger-than-anticipated performance of the Transmission & Gulf of Mexico and Northeast G&P segments. However, the bottom line declined from the year-ago period’s level of 53 cents, due to lower-than-expected contributions from two major segments — Gas & NGL Marketing Services and West — during the reported quarter.Williams’ ...

Core Insights - The Williams Companies, Inc. reported a revenue of $2.784 billion for Q4 2023, reflecting a year-over-year decline of 100% and an EPS of $0.48 compared to $0.53 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $2.76 billion by -100.00%, while the EPS exceeded the consensus estimate of $0.47 by +2.13% [1] Performance Metrics - West - NGL equity sales were 14 million barrels per day, below the average estimate of 18.23 million barrels per day [2] - Northeast G&P - Gathering volumes were 4.37 Bcf/D, compared to the average estimate of 4.53 Bcf/D [2] - West - Gathering volumes were 6.03 Bcf/D, versus the average estimate of 6.25 Bcf/D [2] - West - NGL production reached 99 million barrels per day, exceeding the average estimate of 56.93 million barrels per day [2] - West - Plant inlet natural gas volumes were 1.63 Bcf/D, above the average estimate of 1.18 Bcf/D [2] - Northeast G&P - NGL production was 133 Bcf/D, slightly below the average estimate of 136.7 Bcf/D [2] - Northeast G&P - Plant inlet natural gas volumes were 1.93 Bcf/D, exceeding the average estimate of 1.78 Bcf/D [2] - Northeast G&P - NGL equity sales were 1 Bcf/D, slightly below the average estimate of 1.01 Bcf/D [2] - Service revenues from commodity consideration were $38 million, below the average estimate of $55.80 million [2] - Product sales amounted to $621 million, compared to the average estimate of $856.21 million [2] - Service revenues totaled $1.81 billion, slightly below the average estimate of $1.82 billion [2] - Adjusted EBITDA for Northeast G&P was $485 million, compared to the average estimate of $493.35 million [2] Stock Performance - Shares of Williams Companies have returned -1.5% over the past month, while the Zacks S&P 500 composite increased by +3.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced its unaudited financial results for the three and 12 months ended December 31, 2023. Continued strength in base business drives higher financial results GAAP net income of $3.273 billion, or $2.68 per diluted share (EPS) – up 60% vs. 2022 Adjusted net income of $2.334 billion, or $1.91 per diluted share (Adj. EPS) – up 5% vs. 2022 Adjusted EBITDA of $6.779 billion – up $361 million or 6% vs. 2022 Cash flow from operations (CFFO) ...

TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) was again recognized across several key rankings for sustainability leadership – including the Dow Jones Sustainability Index, S&P Global Corporate Sustainability Assessment and MSCI – for the company’s commitment to transparency and governance around climate change and other critical topics. Williams also received an ‘A-’ score on the 2023 CDP Climate Change Questionnaire, an upgrade over the previous year and ranking well above the oil and gas storage ...