Williams Cos. (WMB) Tops Q3 EPS by 4c, provides guidance

Williams Cos. (NYSE: WMB) reported Q3 EPS of $0.45, $0.04 better than the analyst estimate of $0.41. Revenue for the quarter came in at $2.56 billion versus the consensus estimate of $2.63 billion.

2023 Financial Guidance:
The company increased its midpoint of guidance and now expects 2023 Adjusted EBITDA between $6.6 billion and $6.8 billion. Growth capex guidance remains the same; between $1.6 billion to $1.9 billion. Importantly, Williams anticipates a leverage ratio midpoint of 3.65x, which will allow it to retain financial flexibility. The dividend was increased by 5.3% on an annualized basis to $1.79 in 2023 from $1.70 in 2022.

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

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