Williams Companies (WMB) Reports Q4 Earnings: What Key Metrics Have to Say (revised)

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]