earnings
confidence high
sentiment positive
materiality 0.75
Williams reports record Q3 Adjusted EBITDA $1.703B, raises FY2024 guidance midpoint
WILLIAMS COMPANIES, INC.
2024-Q3 EPS reported
$1.42
revenue$7,760,000,000
- GAAP net income $705M ($0.58 EPS), up 8% YoY; adjusted net income $528M ($0.43 EPS).
- Record Q3 Adjusted EBITDA $1.703B (+3% YoY); AFFO $1.286B (+5% YoY); dividend coverage 2.22x.
- Raised FY2024 Adjusted EBITDA guidance midpoint by $125M to $7.075B; FY2025 outlook unchanged at $7.2-7.6B.
- Annualized dividend increased 6.1% to $1.90 vs $1.79 in 2023; leverage ratio expected 3.80x for 2024.
- Placed Transco Regional Energy Access into full service; advanced multiple growth projects across footprint.