Williams Q1 net income $926M (+144% YoY); Adj EPS $0.56; raises dividend 5.3% to $1.79 annualized

WILLIAMS COMPANIES, INC.

2023-Q1 EPS reported $0.76 revenue$3,081,000,000

GAAP net income $926M ($0.76 diluted EPS) vs $379M ($0.31) in 1Q22; adjusted net income $684M ($0.56) up 37%.
Adjusted EBITDA $1.795B (+19% YoY); CFFO $1.514B (+40%); AFFO $1.445B (+21%); dividend coverage ratio 2.65x.
Record gathering volumes 17.85 Bcf/d (+18% YoY); record contracted transmission capacity 32.5 Bcf/d (+33% YoY).
Closed acquisition of MountainWest; began construction of Regional Energy Access; leverage ratio improved to 3.57x.
FY 2023 Adj EBITDA guidance reaffirmed at $6.4-$6.8B; growth capex $1.6-$1.9B; annualized dividend raised to $1.79.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WILLIAMS COMPANIES, INC. reported the three months ended March 31, 2023 results: net income $926 million, or $0.76 per diluted share (EPS), EPS $0.76 per diluted share.

Period: the three months ended March 31, 2023
Net income: $926 million, or $0.76 per diluted share (EPS)
EPS: $0.76 per diluted share
Result: reported results

Exact text from the filing

Williams (NYSE: WMB) today announced its unaudited financial results for the three months ended March 31, 2023. Strong results across key financial metrics demonstrate resiliency through price cycles • GAAP net income of $926 million, or $0.76 per diluted share (EPS) – up 144% vs. 1Q 2022

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10 earnings releases filed in the last 30 days. Browse all earnings releases →

WILLIAMS COMPANIES, INC. filing history →

Source: SEC EDGAR

accession 0000107263-23-000011

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