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Jun 30, 2022
Williams Q2 2022 Earnings Report
Reported strong second-quarter results and announced another 2022 guidance increase.
Key Takeaways
Williams reported strong second-quarter results driven by natural gas market fundamentals. The company's adjusted EBITDA increased by 14% compared to the same period last year, and they are raising their 2022 Adjusted EBITDA guidance again with midpoint of $6.25 billion.
GAAP net income of $400 million, or $0.33 per diluted share – up 32% vs. 2Q 2021
Adjusted EBITDA of $1.496 billion – up $179 million or 14% vs. 2Q 2021
Cash flow from operations (CFFO) of $1.098 billion – up $41 million or 4% vs. 2Q 2021
Dividend coverage ratio of 2.19x (AFFO basis)
Revenue by Segment
Forward Guidance
The company now expects 2022 Adjusted EBITDA between $6.1 billion and $6.4 billion. The company continues to expect 2022 growth capital expenditures between $2.25 billion to $2.35 billion. The company also continues to expect maintenance capital expenditures between $650 million and $750 million.
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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