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Mar 31, 2020
Williams Q1 2020 Earnings Report
Williams reported first-quarter 2020 financial results, driven by strong fee-revenue.
Key Takeaways
Williams reported a net loss of $518 million, or $0.43 per diluted share, which includes a net non-cash impairment impact of $824 million. Excluding non-cash impairment charges, EPS was $0.26 per diluted share. The company saw a 10% increase in DCF to $861 million and a 4% increase in Adjusted EBITDA to $1.26 billion.
Net loss of $518 million, resulting in net loss of $0.43 per diluted share (EPS), which includes net non-cash impairment impact of $824 million, or $0.68 per diluted share, with improved business performance being offset by non-cash impairments
EPS of $0.26 per diluted share, excluding primarily non-cash impairment charges
10% increase in DCF to $861 million
4% increase in Adjusted EBITDA to $1.26 billion
Revenue by Segment
Forward Guidance
Williams expects 2020 Adjusted EBITDA toward the lower end of its previously stated range of between $4.95 billion and $5.25 billion. The company also continues to expect 2020 growth and maintenance capex toward the lower end of its previously stated range of between $1.55 billion and $1.85 billion. Guidance does not assume prolonged shut-ins of oil or condensate production or increases of dry gas production.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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