Ahead of The Williams Companies (WMB) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts expect Williams Companies, Inc. (WMB) to report quarterly earnings of $0.49 per share, reflecting a 14% year-over-year increase, with revenues projected at $3.06 billion, up 30.9% from the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 2.9%, indicating a collective reassessment by analysts [2]. - It is crucial to consider revisions to earnings projections prior to the earnings release, as they are indicative of potential investor behavior and correlate with short-term stock performance [3]. Revenue and Key Metrics Forecasts - Analysts predict 'Northeast G&P - Gathering volumes' to remain at 4 billion cubic feet per day, unchanged from the previous year [5]. - 'West - NGL equity sales' are estimated at 6.68 thousand barrels of oil per day, down from 8.00 thousand barrels per day reported last year [5]. - 'West - Gathering volumes' are expected to reach 6 billion cubic feet per day, an increase from 5 billion cubic feet per day a year ago [6]. - The consensus estimate for 'Adjusted EBITDA- West' is $339.33 million, up from $319.00 million year-over-year [6]. - 'Adjusted EBITDA- Transmission and Gulf of Mexico' is projected at $899.47 million, compared to $812.00 million last year [6]. - 'Adjusted EBITDA- Northeast G&P' is expected to be $505.64 million, up from $479.00 million in the same quarter last year [7]. - 'Adjusted EBITDA- Other' is estimated at $73.45 million, slightly up from $71.00 million reported last year [7]. - 'Modified EBITDA- Northeast G&P' is forecasted to reach $508.28 million, compared to $481.00 million in the previous year [8]. - 'Modified EBITDA- West' is expected to be $340.17 million, up from $318.00 million last year [8]. - 'Modified EBITDA- Transmission and Gulf of Mexico' is projected at $907.45 million, compared to $808.00 million a year ago [9]. Stock Performance - Shares of Williams Companies have shown a return of +0.2% over the past month, while the Zacks S&P 500 composite has increased by +2.7% [9].