Williams Cos. (NYSE: WMB) reported Q3 EPS of $0.34, $0.06 better than the analyst estimate of $0.28. Revenue for the quarter came in at $2.48 billion versus the consensus estimate of $2.1 billion.

2021 Financial Guidance:

The company now expects 2021 Adjusted EBITDA between $5.5 billion and $5.55 billion, a $325 million midpoint increase from guidance originally issued in February 2021. Also, we are increasing Available Funds from Operations guidance to a range of $4.025 billion to $4.075 billion. The leverage ratio midpoint has been updated to ~4.0x versus ~4.25x prior for year-end 2021 and growth capex is reaffirmed at between $1 billion to $1.2 billion. Importantly, Williams expects to generate excess cash flow (available funds from operations less capital expenditures and dividends), allowing it to retain financial flexibility.

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