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Sep 30, 2023
Williams Q3 2023 Earnings Report
Williams reported strong third-quarter results driven by continued strength in its base business and strategic project execution.
Key Takeaways
Williams announced strong third-quarter results, with GAAP net income of $654 million and adjusted EBITDA of $1.652 billion. The company increased its full-year 2023 adjusted EBITDA guidance midpoint to $6.7 billion.
GAAP net income increased 10% year-over-year to $654 million, or $0.54 per diluted share.
Adjusted EBITDA increased to $1.652 billion, up $15 million from Q3 2022.
Cash flow from operations reached $1.234 billion.
The company increased its full-year 2023 adjusted EBITDA guidance midpoint to $6.7 billion.
Revenue by Segment
Forward Guidance
The company increased its midpoint of guidance and now expects 2023 Adjusted EBITDA between $6.6 billion and $6.8 billion. Growth capex guidance remains the same; between $1.6 billion to $1.9 billion. Importantly, Williams anticipates a leverage ratio midpoint of 3.65x, which will allow it to retain financial flexibility.
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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