secwatch.observer — SEC 8-K summary
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Issuer:     WILLIAMS COMPANIES, INC. (WMB)
CIK:        0000107263
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000107263-23-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107263/000010726323000011/0000107263-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107263/000010726323000011/wmb-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000107263-23-000011

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