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Williams Co (WMB)
NYSE:WMB
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Earnings Data
Report Date
Feb 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.46Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 7.82%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive sentiment, with Williams achieving strong financial performance, successful project execution, and strategic market positioning despite challenges from low natural gas prices and weather impacts. The company is optimistic about future growth opportunities and has raised its 2024 guidance.Company Guidance
In the Williams Companies' third-quarter 2024 earnings call, the executive team announced a guidance increase, highlighting a robust financial outlook driven by a record adjusted EBITDA performance. Key metrics included a 22.9% cash return on invested capital from 2018 to 2023, significantly surpassing the sector median of 11.9%. The company also projected a visible five-year EBITDA compound annual growth rate (CAGR) of over 7% at the midpoint of 2025 guidance, without equity issuance. The adjusted EBITDA guidance for 2024 was raised to a midpoint of $7.075 billion, an increase of $125 million from the original guidance, with an expected 5-year CAGR of 7% for available funds from operations. The dividend coverage ratio was robust at 2.22x for the third quarter and 2.33x year-to-date, with a leverage ratio of 3.75x expected to improve in 2025. Williams also discussed several fully contracted projects like the Southeast Supply Enhancement (SESE) and Transco's Regional Energy Access, contributing to their strategic growth trajectory.Record Quarter and Strong Financial Performance
Williams delivered another record quarter of adjusted EBITDA, driven by natural gas transportation expansions and Gulf Coast storage acquisition. Adjusted EBITDA increased by 3% year-over-year, and the company raised its guidance midpoint for 2024.
Successful Project Execution
The Transco Regional Energy Access project was placed into full service ahead of schedule and under budget. The MountainWest Overthrust Westbound expansion and other key projects like the Louisiana Energy Gateway Gathering System are progressing well.
Positive Market Positioning
Williams has a visible 5-year EBITDA CAGR of over 7% at the midpoint of 2025 guidance. The company has 5.3 Bcf a day of contracted gas pipeline projects to drive growth for the next 5 years, including the Southeast Supply Enhancement Project.
Strong Cash Returns
Williams generated a 22.9% return for the 2018 through 2023 period, nearly double the sector median of 11.9%.
Resilience in Challenging Environment
Despite low natural gas prices and a challenging hurricane season, Williams exceeded financial expectations and raised its 2024 guidance.
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WMB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WMB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $54.85 | $54.96 | +0.20% |
| Aug 05, 2024 | $40.45 | $42.01 | +3.86% |
| May 06, 2024 | $37.88 | $37.92 | +0.11% |
| Feb 14, 2024 | $32.58 | $31.63 | -2.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Williams Co (WMB) report earnings?
Williams Co (WMB) is schdueled to report earning on Feb 24, 2025, TBA Not Confirmed.
What is Williams Co (WMB) earnings time?
Williams Co (WMB) earnings time is at Feb 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WMB EPS forecast?
WMB EPS forecast for the fiscal quarter 2024 (Q4) is 0.46.
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