WMB Stock Recent News

TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) plans to announce its third-quarter 2024 financial results after the market closes on Wednesday, Nov. 6, 2024. The company's third-quarter 2024 earnings conference call and webcast with analysts and investors is scheduled for Thursday, Nov. 7, 2024, at 9:30 a.m. Eastern Time. (8:30 a.m. Central Time). Participants who wish to join the call by phone must register using the following link: https://register.vevent.com/register/BIf053fa45b660426a8.

The Williams Companies, Inc. has outperformed the S&P 500, with shares up 19.2% since June and 207.5% since July 2016, including distributions. Despite some weaknesses, Williams remains robust in cash flow, warranting a soft ‘buy' rating, though a 10% price increase may prompt a downgrade. Recent financials show a decline in revenue, profits, and cash flows, largely due to losses from commodity derivatives, with most segments showing growth.

The oil-energy sector is fraught with uncertainty as tensions between Iran and Israel continue to escalate. According to reports, eight soldiers, including a team commander, have been confirmed dead by the Israeli military during ground operations in southern Lebanon.

WMB's elevated valuation suggests that the market may have already priced in much of the stock's potential growth.

Williams Companies boasts a robust asset portfolio with significant gas transmission, gathering, and storage capacities, supporting its strong financial performance and growth potential. The company has consistently improved its financial metrics, with an 8% YoY growth in adjusted EBITDA and available FFO per share, and reduced debt-to-adjusted EBITDA by 25% over 5 years. WMB is executing growth projects, including the $1.5 billion SSE pipeline, with a backlog of 11.5 billion cubic feet/day, ensuring mid-to-high single-digit growth.

WMB gains 27% YTD, with a solid performance and attractive dividends. However, the company faces high debt and regulatory issues.

WMB plans to add 12 projects, expanding 4.2 billion cubic feet per day gas capacity from 2024-2027, addressing growing energy demand.

The Williams Companies (WMB) reported earnings 30 days ago. What's next for the stock?

WMB, a major midstream player, benefits from strong growth and strategic expansions in the natural gas sector, positioning itself as a critical infrastructure provider. Despite a lower 4.3% yield, WMB's consistent dividend growth and solid balance sheet make it a reliable investment, supported by secular tailwinds and LNG export potential. However, recent stock price gains have elevated WMB's valuation, slightly impacting its risk/reward profile, though it's still a buy on market weakness.

Williams (WMB) expects its Adjusted EBITDA for 2024 to fall within the upper half of its guided range of $6.8 billion to $7.1 billion, with growth capex projected between $1.45 billion and $1.75 billion.