Williams Delivers Strong First-Quarter Results; Positioned to Hit Top Half of 2024 Financial Guidance Range
Williams Companies, Inc. (The) (WMB)
Last williams companies, inc. (the) earnings: 2/19 04:15 pm
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US:NYSE Investor Relations:
investor.williams.com
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Source: Business Wire
TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced its unaudited financial results for the three months ended March 31, 2024.Business continues to outperform; solid execution on accretive acquisitions and organic growth driving immediate returnsGAAP net income of $631 million, or $0.52 per diluted share (EPS)Adjusted net income of $719 million, or $0.59 per diluted share (Adj. EPS) – up 5% vs. 1Q 2023Adjusted EBITDA of $1.934 billion – up $139 million or 8% vs. 1Q 2023Cash flow from operations (CFFO) of $1.234 billionAvailable funds from operations (AFFO) of $1.507 billion – up $62 million or 4% vs. 1Q 2023Dividend coverage ratio of 2.60x (AFFO basis)Record contracted transmission capacity of 33.9 Bcf/d – up 4.3% from 1Q 2023Strong 1Q performance driving expectations to top half of 2024 financial guidance rangeRecent acquisitions and large roster of projects in execution building long-term valueClosed acquisition of 6 storage facilities with total capacity of 115
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WMB
Earnings
- 5/6/24 - Beat
WMB
Sec Filings
- 5/10/24 - Form 4
- 5/9/24 - Form 144
- 5/6/24 - Form 10-Q
- WMB's page on the SEC website