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Sep 30, 2020
Williams Q3 2020 Earnings Report
Announced strong third-quarter results, demonstrating business stability and predictability, and remained on track to meet 2020 guidance expectations.
Key Takeaways
Williams reported a net income of $308 million and adjusted EPS of $0.27 for Q3 2020. The company's strong performance was driven by its natural gas-focused strategy, with the Northeast G&P segment hitting record volumes. Williams is on track to meet its pre-COVID 2020 guidance ranges for earnings, adjusted EBITDA, and cash flow.
Net income of $308 million ($0.25 per diluted share), up $88 million over 3Q 19
Adjusted EPS of $0.27 per diluted share
Adjusted EBITDA of $1.267 billion
Northeast G&P segment hits record volumes
Revenue by Segment
Forward Guidance
The company continues to expect 2020 Adjusted EBITDA in the lower half of its guidance range of between $4.95 billion and $5.25 billion. The company also continues to expect 2020 growth capex of $1 billion to $1.2 billion, down from the original guidance range of $1.1 billion to $1.3 billion, and 2020 Distributable Cash Flow toward the midpoint of the guidance range.
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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