Core Viewpoint - The Williams Companies, Inc. reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.42 per share, although down from $0.45 per share a year ago, indicating a 2.38% earnings surprise [1][2] Financial Performance - The company achieved revenues of $2.65 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.21% and showing an increase from $2.56 billion year-over-year [2] - Over the last four quarters, the company has exceeded consensus EPS estimates four times, but has only topped revenue estimates once [2] Stock Performance - The Williams Companies' shares have increased approximately 52.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 21.2% [3] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $0.48 for the coming quarter and $1.75 for the current fiscal year, alongside projected revenues of $2.82 billion and $10.58 billion respectively [7] - The estimate revisions trend for The Williams Companies is currently favorable, resulting in a Zacks Rank 2 (Buy), indicating expected outperformance in the near future [6] Industry Context - The Oil and Gas - Production and Pipelines industry, to which The Williams Companies belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Financial Performance - Net income attributable to The Williams Companies, Inc. for the nine months ended September 30, 2024, decreased by $302 million compared to the same period in 2023[160]. - Total revenues for the nine months ended September 30, 2024, decreased by 4% to $7,760 million from $8,123 million in the same period in 2023[185]. - Service revenues for the three months ended September 30, 2024, increased by 8% to $1,911 million compared to $1,770 million for the same period in 2023[185]. - Operating income for the three months ended September 30, 2024, was $838 million, down from $994 million in the same period in 2023[185]. - Net income attributable to The Williams Companies, Inc. for the three months ended September 30, 2024, increased by 8% to $706 million compared to $654 million in the same period in 2023[185]. - The net cash provided by operating activities for the nine months ended September 30, 2024, was $3.756 billion, a decrease from $4.125 billion in the same period of 2023[261][263]. Capital Expenditures and Investments - Growth capital and investment expenditures for 2024 are expected to range from $1.45 billion to $1.75 billion, excluding acquisitions[169]. - The company recognized a $127 million gain from acquiring the remaining 40% interest in Discovery, consolidating it into their financials[165]. - The company completed the Gulf Coast Storage Acquisition for $1.95 billion on January 3, 2024[250]. - The company plans to place the Deepwater Whale Project into service in Q4 2024, expanding offshore infrastructure with a new 125-mile oil pipeline[173]. - The company plans to increase natural gas gathering capacity by 1.8 Bcf/d through the Louisiana Energy Gateway project, expected to be operational in the second half of 2025[183]. Revenue and Segment Performance - Transmission & Gulf of Mexico segment revenues for the three months ended September 30, 2024, were $1,170 million, up from $1,053 million in the same period of 2023, representing a 11.1% increase[210]. - Service revenues in the Transmission & Gulf of Mexico segment increased by $57 million due to the acquisition of Gulf Coast Storage assets[211]. - Northeast G&P Modified EBITDA for the three months ended September 30, 2024, was $476 million, compared to $454 million in the same period of 2023, reflecting a 4.8% increase[218]. - West Modified EBITDA for the three months ended September 30, 2024, was $323 million, compared to $315 million in the same period of 2023, indicating a 2.5% increase[229]. - Service revenues in the West segment increased to $663 million for the three months ended September 30, 2024, from $533 million in the same period of 2023, a 24.4% increase[227]. - Service revenues increased by $216 million in the DJ Basin region due to the DJ Basin Acquisitions in November 2023[233]. Expenses and Financial Obligations - Operating and maintenance expenses increased by 11% to $580 million for the three months ended September 30, 2024, compared to $522 million in the same period in 2023[185]. - Interest expense increased by 8% to $338 million for the three months ended September 30, 2024, compared to $314 million in the same period in 2023[185]. - Interest expense increased due to 2023 and 2024 debt issuances, partially offset by debt retirements[206]. - Payments of long-term debt were $2.286 billion for the nine months ended September 30, 2024, compared to $21 million in 2023[261]. - As of September 30, 2024, the company has approximately $2.284 billion of long-term debt due within one year[252]. - As of September 30, 2024, the company has approximately $24.8 billion of long-term debt due after one year[254]. Risk Management and Compliance - The company expects to remain in compliance with the financial covenants associated with its credit facility for the reporting period ending September 30, 2024[255]. - The Value at Risk (VaR) associated with the integrated natural gas trading operations was $4 million at September 30, 2024, down from $9 million at December 31, 2023[271]. - The company maintains a relatively small risk exposure with total buy volume close to sell volume[271]. - The VaR metrics indicate a stable risk management approach in commodity trading operations[271]. - The company actively monitors open commodity marketing positions to mitigate risks associated with natural gas pricing[271]. Dividends and Shareholder Returns - The company increased its regular quarterly cash dividend by approximately 6.1% from $0.4475 per share in 2023 to $0.4750 per share in the first three quarters of 2024[256].

Exhibit 99.1 Williams (NYSE: WMB) One Williams Center Tulsa, OK 74172 800-Williams www.williams.com News Release DATE: Wednesday, Nov. 6, 2024 MEDIA CONTACT: INVESTOR CONTACTS: media@williams.com (800) 945-8723 Danilo Juvane (918) 573-5075 Caroline Sardella (918) 230-9992 Williams Delivers Record Third-Quarter Results Driven by Continued Strength of Base Business TULSA, Okla. – Williams (NYSE: WMB) today announced its unaudited financial results for the three and nine months ended Sept. 30, 2024. Demonstrat ...

The last few months have been a pretty good time for shareholders of pipeline/midstream firm The Williams Companies, Inc. (NYSE: WMB ). Back in June of this year, I reaffirmed the company as a "buy" candidate. My bullish stance Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential. Subscribers get to use a 50+ stock model account, in-depth cash flow ...

The oil-energy sector is marked by significant uncertainty, with many companies highly vulnerable to sharp fluctuations in oil and natural gas prices. The extreme volatility in oil prices since the COVID-19 pandemic is a clear example. On April 20, 2020, the price of West Texas Intermediate crude dropped to an unprecedented low of negative $36.98 per barrel before skyrocketing to $123.64 by March 8, 2022, as global economies began to reopen.Despite this volatility, investors need not shy away from the secto ...

As the demand for data processing surges with the rapid expansion of artificial intelligence (AI) applications, data centers are encountering significant energy challenges. Natural gas is becoming a key solution in the power strategies of these facilities, providing the reliability, scalability and cost-effectiveness required to support continuous, high-intensity data processing operations.By integrating natural gas with renewable energy sources, data centers can strike a balance between sustainability goal ...

The oil-energy sector is fraught with uncertainty as tensions between Iran and Israel continue to escalate. According to reports, eight soldiers, including a team commander, have been confirmed dead by the Israeli military during ground operations in southern Lebanon. This escalation comes in the wake of Iranian missile strikes aimed at Tel Aviv, prompting a warning from Israel's military chief about an imminent retaliation. Amid these concerns, oil prices are rising as investors become increasingly worried ...

Fodor90/iStock via Getty Images Williams Companies (NYSE:WMB) is a more than $50 billion midstream companies that barely ekes its way to a double-digit AFFO yield. As we'll see throughout this article, the company has the ability to maintain its 4.27% dividend, and drive future shareholder returns. We last discussed this company in January, and since then, it has heavily outperformed the S&P 500 by more than 10%, as we highlighted its strong assets and growth potential. The company's higher price means ...

The Williams Companies, Inc. (WMB) has seen impressive growth this year, with its shares rising 27% year to date (YTD). This is remarkable, given that the broader oil-energy sector has experienced a 0.7% decline. Williams is one of the biggest names in U.S. natural gas infrastructure, running more than 33,000 miles of pipelines. The company plays a crucial role in moving natural gas from where the gas is produced to where needed, making money by charging fees for its transportation and storage services. Ima ...

The Williams Companies, Inc. (WMB) is on an ambitious path to expand its natural gas infrastructure with the addition of 12 projects representing approximately 4.2 billion cubic feet per day (bcfd) of capacity from 2024 to 2027. This announcement was made by CEO Alan Armstrong at the Barclays CEO Energy-Power Conference on Wednesday, according to Reuters. This latest expansion follows the Tulsa, OK-based leading oil and gas storage and transportation company's successful completion of 17 projects, which col ...