Williams Cos. (WMB) Misses Q2 EPS by 1c

Williams Cos. (NYSE: WMB) reported Q2 EPS of $0.27, $0.01 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $2.28 billion versus the consensus estimate of $1.96 billion.

2021 Financial Guidance:

The company expects 2021 Adjusted EBITDA at the higher end of the previously increased guidance range of $5.2 billion to $5.4 billion and Available Funds from Operations between $3.7 billion and $3.9 billion. Moreover, the leverage ratio is expected to be less than the 4.2x midpoint for year-end 2021; growth capex is reaffirmed at $1 billion to $1.2 billion. Importantly, Williams expects to generate positive free cash flow (after capital expenditures and dividends), allowing it to retain financial flexibility.

For earnings history and earnings-related data on Williams Cos. (WMB) click here.

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