earnings
confidence high
sentiment positive
materiality 0.85
Williams Q3 net income up 10% to $654M; raises 2023 EBITDA guidance to $6.7B
WILLIAMS COMPANIES, INC.
2023-Q3 EPS reported
$1.67
revenue$8,123,000,000
- GAAP net income $654M ($0.54 EPS) vs $599M in 3Q22; adjusted EPS $0.45.
- Adjusted EBITDA $1.652B (+$15M YoY); full-year 2023 guidance midpoint raised to $6.7B.
- Sold Bayou Ethane system for $348M; agreed to DJ Basin acquisitions (Cureton Front Range + KKR stake) for $1.27B.
- Delaware Supreme Court affirmed $602M plus interest judgment against Energy Transfer for failed merger.
- Dividend increased 5.3% annualized to $1.79/share; leverage ratio improved to 3.45x.