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Jun 30, 2024
Williams Q2 2024 Earnings Report
Reported strong second-quarter results driven by the strong performance of the transmission and storage business.
Key Takeaways
Williams announced strong second-quarter results, driven primarily by the strong performance of its transmission and storage business. The company's record Adjusted EBITDA was $1.667 billion, up 3% compared to the same quarter last year. Williams is on track to achieve the top half of its 2024 financial guidance.
GAAP net income of $401 million, or $0.33 per diluted share (EPS)
Adjusted net income of $521 million, or $0.43 per diluted share (Adj. EPS)
Record 2Q Adjusted EBITDA of $1.667 billion – up $56 million or 3% vs. 2Q 2023
Cash flow from operations (CFFO) of $1.279 billion
Revenue by Segment
Forward Guidance
Williams continues to expect Adjusted EBITDA at the top half of its 2024 guidance range of $6.8 billion and $7.1 billion.
Positive Outlook
- Adjusted EBITDA at the top half of its 2024 guidance range of $6.8 billion and $7.1 billion.
- 2024 growth capex between $1.45 billion and $1.75 billion
- 2024 maintenance capex between $1.1 billion and $1.3 billion, which includes capital of $350 million for emissions reduction and modernization initiatives.
- For 2025, the company continues to expect Adjusted EBITDA between $7.2 billion and $7.6 billion
- Increased the dividend by 6.1% on an annualized basis to $1.90 in 2024 from $1.79 in 2023.
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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