---
schema_version: "secwatch.filing_event.v1"
accession: "0000107263-23-000025"
form_type: "8-K"
ticker: "WMB"
cik: "0000107263"
company_name: "WILLIAMS COMPANIES, INC."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T01:57:28.720588+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Williams Q3 net income up 10% to $654M; raises 2023 EBITDA guidance to $6.7B

## Summary
- 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.

## SEC filing metadata
- accession: 0000107263-23-000025
- form_type: 8-K
- ticker: WMB
- cik: 0000107263
- company_name: WILLIAMS COMPANIES, INC.
- filed_at: 2023-11-01T23:59:59+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/107263/000010726323000025/0000107263-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/107263/000010726323000025/wmb-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000107263-23-000025
- JSON: https://secwatch.observer/filing/0000107263-23-000025.json
- Plain text: https://secwatch.observer/filing/0000107263-23-000025.txt

## Key facts
- Earnings Releases
  WILLIAMS COMPANIES, INC. reported three and nine months ended September 30, 2023 results: net income $654 million, EPS $0.54 per diluted share. Guidance raised.
  - Period: three and nine months ended September 30, 2023
  - Net income: $654 million
  - EPS: $0.54 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: GAAP net income of $654 million, or $0.54 per diluted share (EPS)
  evidence_url: https://www.sec.gov/Archives/edgar/data/107263/000010726323000025/0000107263-23-000025-index.htm

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