Williams Reports Strong First-Quarter Results and Record Volumes; Raises 2021 Guidance

Go back to Williams Reports Strong First-Quarter Results and Record Volumes; Raises 2021 Guidance

Williams Cos. (WMB) Tops Q1 EPS by 6c, Revenues Beat

May 3, 2021 4:18 PM EDT

Williams Cos. (NYSE: WMB) reported Q1 EPS of $0.35, $0.06 better than the analyst estimate of $0.29. Revenue for the quarter came in at $2.61 billion versus the consensus estimate of $1.97 billion.

Results exceed expectations across all key metrics

Net income of $425 million, or $0.35 per diluted share (EPS)Adjusted EPS of $0.35 per diluted share up 35% from 1Q 2020Cash flow from operations (CFFO) of $915 million up $128 million or 16% from 1Q 2020Available funds from operations (AFFO) of $1.029 billion up $109 million or 12% from 1Q 2020Adjusted EBITDA of $1.415 billion up $153 million or 12% from 1Q 2020; up 6% excluding favorable winter storm... More