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Jun 30, 2023
Williams Q2 2023 Earnings Report
Williams reported strong second-quarter results driven by base business and recent acquisitions.
Key Takeaways
Williams reported a GAAP net income of $547 million, or $0.45 per diluted share, up 36% compared to Q2 2022. Adjusted EBITDA increased by 8% to $1.611 billion, and cash flow from operations rose by 25% to $1.377 billion. The company also repurchased $56 million in shares and achieved record gathering volumes.
GAAP net income increased by 36% to $547 million compared to Q2 2022.
Adjusted EBITDA grew by 8% to $1.611 billion.
Cash flow from operations increased by 25% to $1.377 billion.
Record gathering volumes of 18.03 Bcf/d were achieved.
Forward Guidance
The company continues to expect 2023 Adjusted EBITDA between $6.4 billion and $6.8 billion with 2023 growth capex between $1.6 billion to $1.9 billion. Williams anticipates a leverage ratio midpoint of 3.65x, and the dividend was increased by 5.3% on an annualized basis to $1.79 in 2023 from $1.70 in 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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