Williams(WMB)
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The Williams Companies: 2024 Guidance Looks Conservative
Seeking Alpha· 2024-02-26 05:13
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 ...
Williams(WMB) - 2023 Q4 - Annual Report
2024-02-20 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, 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. (WMB) Williams 2024 Analyst Day (Transcript)
2024-02-16 20:38
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. (WMB) Williams 2024 Analyst Day (Transcript)
Seeking Alpha· 2024-02-16 20:38
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 (WMB) Q4 Earnings and Sales Outpace Estimates
Zacks Investment Research· 2024-02-15 13:56
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’ ...
Williams Companies (WMB) Reports Q4 Earnings: What Key Metrics Have to Say (revised)
Zacks Investment Research· 2024-02-14 22:11
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]
Williams Delivers Another Year of Record Results; Company to Host Analyst Day Event Today Starting at 8:30 a.m. ET
Businesswire· 2024-02-14 12:00
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) ...
Williams Rated High Across Key Sustainability Rankings
Businesswire· 2024-02-08 21:15
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 ...
Can Williams (WMB) Maintain Its Earnings Beat Streak in Q4?
Zacks Investment Research· 2024-02-08 13:06
The Williams Companies, Inc. (WMB) is set to release fourth-quarter results on Feb 14. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 47 cents per share on revenues of $2.8 billion.Let’s delve into the factors that might have influenced the oil and gas pipeline operator’s performance in the December quarter. But it’s worth taking a look at Williams’ previous-quarter results first.Highlights of Q3 Earnings & Surprise HistoryIn the last reported quarter, the energy infrastr ...
Earnings Preview: Williams Companies, Inc. (The) (WMB) Q4 Earnings Expected to Decline
Zacks Investment Research· 2024-02-07 16:06
Williams Companies, Inc. (The) (WMB) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 14, 2024, might help the stock move higher if these key numbe ...