After increased earnings and production in the first quarter of the year, Williams Cos. will release details in a few weeks how operations fared in the second quarter.
The Tulsa-based company plans to release its second-quarter 2024 financial results after the market closes on Monday, August 5.
A day later, executives will lead a 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 and 59 cents a share in the first quarter which represented a 5% gain over the first quarter of 2023. The adjusted EBITDA was $1.934 billion, up $139 million or 8% compared to a year earlier.
The first quarter operations were so good, it resulted in $1.507 billion in available funds….that’s $62 million more or 4% better than in the first quarter of 2023. The first quarter proved to be a busy one for the Williams operations that focus on a 33,000-mile pipeline infrastructure which moves a third of the nation’s natural gas.
The Oklahoma-based firm closed acquisition of half-a-dozen facilities across Louisiana and Mississippi to serve growing LNG exports. It placed Transco’s Carolina Market Link into service and received FERC notice to move ahead with Transco’s Commonwealth Energy Connector. Williams also began construction on Transco’s Southside Reliability Enhancement and Southeast Energy Connector. The company received FERC certificate for Transco’s Alabama Georgia Connector and Texas to Louisiana Energy Pathway.
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