---
schema_version: "secwatch.filing_event.v1"
accession: "0000107263-23-000011"
form_type: "8-K"
ticker: "WMB"
cik: "0000107263"
company_name: "WILLIAMS COMPANIES, INC."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:07:37.943884+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000107263-23-000011
- form_type: 8-K
- ticker: WMB
- cik: 0000107263
- company_name: WILLIAMS COMPANIES, INC.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/107263/000010726323000011/0000107263-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/107263/000010726323000011/wmb-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000107263-23-000011
- JSON: https://secwatch.observer/filing/0000107263-23-000011.json
- Plain text: https://secwatch.observer/filing/0000107263-23-000011.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/107263/000010726323000011/0000107263-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.