Williams Q2 2020 Earnings Report
Key Takeaways
Williams reported a net income of $303 million, resulting in an EPS of $0.25. Adjusted EBITDA was $1.24 billion, and cash flow from operations reached $1.143 billion, up 7% year-over-year. The company is on track to meet its 2020 guidance expectations.
Net income was $303 million, with an EPS of $0.25.
Adjusted EBITDA stood at $1.24 billion for the quarter.
Cash flow from operations increased by 7% to $1.143 billion.
The company is on track to meet its 2020 guidance expectations and continued free cash flow.
Williams
Williams
Forward Guidance
The company continues to expect 2020 Adjusted EBITDA toward the lower end of its previously stated range of between $4.95 billion and $5.25 billion. The company now expects 2020 growth capex of $1 billion to $1.2 billion, down from the original range of $1.1 billion to $1.3 billion. Also, the company now expects Distributable Cash Flow toward the midpoint of the original guidance range due primarily to lower maintenance capital expenditures as well as certain tax benefits expected in the second half of 2020.
Positive Outlook
- Company expects 2020 Adjusted EBITDA toward the lower end of its previously stated range of between $4.95 billion and $5.25 billion.
- Company expects 2020 growth capex of $1 billion to $1.2 billion, down from the original range of $1.1 billion to $1.3 billion.
- Company expects Distributable Cash Flow toward the midpoint of the original guidance range.
- Lower maintenance capital expenditures are expected.
- Certain tax benefits are expected in the second half of 2020.