Williams Cos. (WMB) Tops Q2 EPS by 2c

Williams Cos. (NYSE: WMB) reported Q2 EPS of $0.40, $0.02 better than the analyst estimate of $0.38. Revenue for the quarter came in at $2.49 billion versus the consensus estimate of $2.5 billion.

2022 Financial Guidance:

The company now expects 2022 Adjusted EBITDA between $6.1 billion and $6.4 billion, a $450 million midpoint increase from guidance originally issued February 2022. The company continues to expect 2022 growth capital expenditures between $2.25 billion to $2.35 billion, a $1 billion midpoint increase from guidance originally issued February 2022 driven by the strategic acquisition of Trace Midstream assets. The company also continues to expect maintenance capital expenditures between $650 million and $750 million, which includes capital for emissions reduction and modernization initiatives. Importantly, Williams anticipates achieving a leverage ratio (net debt-to-Adjusted EBITDA) midpoint of 3.6x, below the original guidance of 3.8x.

For earnings history and earnings-related data on Williams Cos. (WMB) click here.

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