Core Insights - The Williams Companies, Inc. (WMB) reported first-quarter 2024 adjusted earnings per share of 59 cents, exceeding the Zacks Consensus Estimate of 49 cents and improving from 56 cents in the same period last year [1] - Revenues for the quarter were $2.8 billion, falling short of the Zacks Consensus Estimate of $2.9 billion and down from $3.1 billion year-over-year, attributed to lower service revenues and net losses from commodity derivatives [1] Financial Performance - Adjusted EBITDA for the quarter was $1.9 billion, reflecting a year-over-year increase of 7.7% [2] - Cash flow from operations was $1.2 billion, a decrease of 18.5% compared to the same quarter in 2023 [2] Segmental Analysis - Transmission & Gulf of Mexico segment reported adjusted EBITDA of $839 million, up 15.2% year-over-year, driven by acquisitions and expansion projects [3] - West segment's adjusted EBITDA totaled $328 million, a 14.7% increase from the prior year, attributed to acquisitions and improved commodity margins [3] - Northeast G&P segment achieved adjusted EBITDA of $504 million, up 3.9% from $485 million in the previous year, linked to higher rates and volumes [3] - Gas & NGL Marketing Services unit generated adjusted EBITDA of $189 million, down from $231 million in the prior year [4] Costs, Capital Expenditure & Balance Sheet - Total costs and expenses for the quarter were $1.8 billion, an increase of 2.2% from $1.7 billion year-over-year [5] - Total capital expenditure was $544 million, slightly down from $545 million a year ago [5] - As of March 31, 2024, the company had cash and cash equivalents of $667 million and long-term debt of $24.1 billion, with a debt-to-capitalization ratio of 65.9% [5] Infrastructure Expansion - The company completed the acquisition of six storage facilities with a total capacity of 115 Bcf across Louisiana and Mississippi, aimed at meeting rising LNG export and power generation demands [6] - Williams inaugurated Transco's Carolina Market Link and received FERC notice to proceed with Transco's Commonwealth Energy Connect [6] - Construction commenced on Transco's Southside Reliability Enhancement and Southeast Energy Connector projects, with the initial phase of Transco's Regional Energy Access generating earnings during the quarter [6] Guidance - The company anticipates adjusted EBITDA in the range of $6.8 billion to $7.1 billion for the top half of 2024, with growth capex between $1.45 billion and $1.75 billion [9] - Maintenance capex is expected to be between $1.1 billion and $1.3 billion, including $350 million for emission reduction and modernization initiatives [9] - A 6.1% increase in dividends to $1.90 per share is expected in 2024, up from $1.79 in 2023 [9] - For 2025, adjusted EBITDA is projected between $7.2 billion and $7.6 billion, with growth capex of $1.65 billion to $1.95 billion [9]

Q1 2024 Financial Results Presentation May 7, 2024 1 Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1955 (“PSLRA”) relating to, among other things, expected commercial and financial results; Rigel’s ability to earn and receive milestone payments; expectations related to the potential and market opportunity of REZLIDHIA® (olutasidenib) as therapeutics for relapsed or refractory acute myeloid leukemia (AML) ...

Williams Companies, Inc. (NYSE:WMB) Q1 2024 Earnings Conference Call May 7, 2024 9:30 AM ET Company Participants Danilo Juvane - VP, IR Alan Armstrong - President, CEO & Director John Porter - SVP & CFO Micheal Dunn - EVP & COO Chad Zamarin - EVP, Corporate Strategic Development Conference Call Participants Spiro Dounis - Citigroup Jeremy Tonet - JPMorgan Chase & Co. Manav Gupta - UBS John Mackay - Goldman Sachs Group Praneeth Satish - Wells Fargo Securities Tristan Richardson - Scotiabank Theresa Chen - Ba ...

Williams Companies, Inc. (The) (WMB) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.41%. A quarter ago, it was expected that this pipeline operator would post earnings of $0.47 per share when it actually produced earnings of $0.48, delivering a surprise of 2.13%.Over the last four ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ☑ ACT OF 1934 For the quarterly period ended March 31, 2024 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 73-0 ...

Exhibit 99.1 Williams (NYSE: WMB) One Williams Center Tulsa, OK 74172 News Release 800-Williams www.williams.com DATE: Monday, May 6, 2024 MEDIA CONTACT: INVESTOR CONTACTS: media@williams.com Danilo Juvane Caroline Sardella (800) 945-8723 (918) 573-5075 (918) 230-9992 Williams Delivers Strong First-Quarter Results; Positioned to Hit Top Half of 2024 Financial Guidance Range TULSA, Okla. – Williams (NYSE: WMB) today announced its unaudited financial results for the three months ended March 31, 2024. Business ...

The market expects Williams Companies, Inc. (The) (WMB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Williams Companies, Inc. (The) (WMB) . This company, which is in the Zacks Oil and Gas - Production and Pipelines industry, shows potential for another earnings beat.This pipeline operator has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the las ...

Williams (WMB -0.47%) has flown under the radar of many investors. It's not as big as some of its rivals in the energy midstream sector. It also doesn't offer quite as high a dividend yield as some of its more popular peers. However, Williams' 5.1%-yielding dividend is on a super safe foundation. Further, the company has a lot of fuel to grow its payout in the future. That's why income-focused investors won't want to overlook the pipeline stock.A financial fortressWilliams produces over $5 billion in cash f ...

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].