Loading...
•
Mar 31, 2021
Williams Q1 2021 Earnings Report
Reported strong first-quarter results and record volumes, and raised 2021 guidance.
Key Takeaways
Williams announced strong first-quarter results, exceeding expectations across key metrics. Net income was $425 million, with adjusted EPS up 35% from 1Q 2020. The company also raised its 2021 guidance for Adjusted EBITDA and AFFO by $100 million.
Net income of $425 million, or $0.35 per diluted share (EPS).
Adjusted EPS of $0.35 per diluted share, up 35% from 1Q 2020.
Cash flow from operations (CFFO) of $915 million, up $128 million or 16% from 1Q 2020.
Adjusted EBITDA of $1.415 billion, up 12% from 1Q 2020.
Forward Guidance
The company now expects 2021 Adjusted EBITDA between $5.2 billion and $5.4 billion and Available Funds from Operations between $3.7 billion and $3.9 billion, both a $100 million midpoint increase from guidance originally issued in February 2021. As well, the leverage ratio midpoint has been updated to ~4.2x versus ~4.25x prior for year-end 2021. The company is keeping intact 2021 growth capex guidance between $1 billion to $1.2 billion. Importantly, Williams expects to generate positive free cash flow (after capital expenditures and dividends), allowing it to retain financial flexibility.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...