Will Williams’ Q2 results exceed Q1 report?

After rising profits and production in the first quarter of the year, Williams Cos. will release details on its second-quarter operating results in a few weeks.

The Tulsa-based company plans to report its second-quarter 2024 financial results after the market closes on Monday, Aug. 5.

A day later, management will lead the discussion and answer questions during a conference call scheduled for Tuesday, August 6, at 8:30 a.m. Central Time.

Williams reported adjusted net income of $719 million, or 59 cents per share, in the first quarter, up 5% compared to the first quarter of 2023. Adjusted EBITDA was $1.934 billion, up $139 million, or 8%, from a year earlier.

First-quarter operations were so strong that they generated $1.507 billion in available funds… that’s $62 million more, or 4%, than the first quarter of 2023. The first quarter proved to be a busy one for Williams’ operations, which focus on the 33,000 miles of pipeline infrastructure that transports one-third of the nation’s natural gas.

The Oklahoma-based company completed acquisitions of a half-dozen facilities in Louisiana and Mississippi to support growing LNG exports. It commissioned Transco’s Carolina Market Link and received FERC notice to proceed with Transco’s Commonwealth Energy Connector. Williams also began construction on Transco’s Southside Reliability Enhancement and Southeast Energy Connector. The company received FERC certification for Transco’s Alabama Georgia Connector and Texas to Louisiana Energy Pathway.
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