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Mar 31, 2025
Williams Q1 2025 Earnings Report
Williams reported increased earnings and raised full-year guidance for Q1 2025.
Key Takeaways
Williams posted strong Q1 2025 results driven by its base business and strategic expansions, leading to increased net income and adjusted EBITDA while enhancing its 2025 outlook.
GAAP Net Income rose to $690 million, driven by increased service revenues and upstream contributions.
Adjusted EBITDA grew to $1.989 billion, reflecting strength across key segments.
Cash Flow from Operations increased by 16% year-over-year to $1.433 billion.
Williams raised its full-year 2025 Adjusted EBITDA guidance midpoint to $7.7 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Williams raised its 2025 Adjusted EBITDA midpoint guidance to $7.7 billion, citing strong base business performance and new growth initiatives.
Positive Outlook
- Raised 2025 Adjusted EBITDA midpoint to $7.7 billion.
- Achieved credit rating upgrade to BBB+ from S&P.
- Commercialized AI-serving 'Socrates' power project in Ohio.
- Strong contracted transmission capacity of 34.3 Bcf/d.
- Ongoing execution of high-return projects and expansions.
Challenges Ahead
- Higher current income taxes impacted AFFO year-over-year.
- Lower commodity marketing margins in some segments.
- Reduced AFFO contribution from noncontrolling interests.
- Operating and maintenance costs increased due to expansions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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