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Williams Companies: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Williams Companies (NYSE:WMB) rose 1.23% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 3.85% over the past year to $0.27, which were in line with the estimate of $0.27.

Revenue of $1,933,000,000 decreased by 3.30% year over year, which beat the estimate of $1,750,000,000.

Looking Ahead

Williams Companies Expects FY20 Adj. EBITDA In The Lower Half Of Its Guidance Range Of $4.95B-$5.25B

Technicals

52-week high: $24.17

View more earnings on WMB

Company's 52-week low was at $8.41

Price action over last quarter: down 10.78%

Company Profile

Williams is a midstream energy company that owns and operates the large Transco and Northwest pipeline systems and associated natural gas gathering, processing, and storage assets. In August 2018, the firm acquired the remaining 26% of Williams Partners (its limited partnership) that it did not own.

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