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Williams Companies, Inc. (The) (WMB) Reports Q2 Earnings: What Key Metrics Have to Say
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Williams Companies, Inc. (The) (WMB - Free Report) reported $2.48 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 0.3%. EPS of $0.42 for the same period compares to $0.40 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.69 billion, representing a surprise of -7.83%. The company delivered an EPS surprise of +7.69%, with the consensus EPS estimate being $0.39.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Williams Companies, Inc. (The) performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Northeast G&P - Gathering volumes: 4.63 Bcf/d versus the two-analyst average estimate of 4.25 Bcf/d.
West - NGL equity sales: 16 Mbbls/d versus the two-analyst average estimate of 8.32 Mbbls/d.
West - Gathering volumes: 5.51 Bcf/d compared to the 6.8 Bcf/d average estimate based on two analysts.
Adjusted EBITDA- Transmission and Gulf of Mexico: $748 million versus $707.10 million estimated by four analysts on average.
Adjusted EBITDA- West: $312 million compared to the $310.70 million average estimate based on four analysts.
Adjusted EBITDA- Northeast G&P: $515 million compared to the $465.77 million average estimate based on four analysts.
Adjusted EBITDA- Other: $52 million compared to the $73.75 million average estimate based on three analysts.
Adjusted EBITDA- Gas & NGL Marketing Services: -$16 million versus $28.45 million estimated by two analysts on average.
Shares of Williams Companies, Inc. (The) have returned +4.2% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Williams Companies, Inc. (The) (WMB) Reports Q2 Earnings: What Key Metrics Have to Say
Williams Companies, Inc. (The) (WMB - Free Report) reported $2.48 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 0.3%. EPS of $0.42 for the same period compares to $0.40 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.69 billion, representing a surprise of -7.83%. The company delivered an EPS surprise of +7.69%, with the consensus EPS estimate being $0.39.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Williams Companies, Inc. (The) performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Northeast G&P - Gathering volumes: 4.63 Bcf/d versus the two-analyst average estimate of 4.25 Bcf/d.
- West - NGL equity sales: 16 Mbbls/d versus the two-analyst average estimate of 8.32 Mbbls/d.
- West - Gathering volumes: 5.51 Bcf/d compared to the 6.8 Bcf/d average estimate based on two analysts.
- Adjusted EBITDA- Transmission and Gulf of Mexico: $748 million versus $707.10 million estimated by four analysts on average.
- Adjusted EBITDA- West: $312 million compared to the $310.70 million average estimate based on four analysts.
- Adjusted EBITDA- Northeast G&P: $515 million compared to the $465.77 million average estimate based on four analysts.
- Adjusted EBITDA- Other: $52 million compared to the $73.75 million average estimate based on three analysts.
- Adjusted EBITDA- Gas & NGL Marketing Services: -$16 million versus $28.45 million estimated by two analysts on average.
View all Key Company Metrics for Williams Companies, Inc. (The) here>>>Shares of Williams Companies, Inc. (The) have returned +4.2% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.