Tulsa’s Williams Cos. plans to announce its third-quarter 2024 financial results in less than 3 weeks.
The company said it would release the financial report after the market closes on Wednesday, Nov. 6. Management plan to hold a conference call the next day, Thursday, Nov. 7 at 8:30 a.m. central Time.
Despite low natural gas prices across the U.S., Williams, with a 33,000 mile pipeline system that transports a third of the nation’s natural gas, reported net income of $401 million and 33 cents a share in the second quarter. Its adjusted net income was $521 million and 43 cents a share while its adjusted EBITDA totaled $1.667 billion, up $56 million from a year earlier.
“Our record second quarter Adjusted EBITDA was driven primarily by the strong performance of our
transmission and storage business,” said Alan Armstrong, president and chief executive officer when the second quarter results were released.
“Even in this environment of low gas prices, we continue to deliver
and are on track to achieve the top half of financial guidance this year and even higher levels of growth in 2025 with an expected five-year compound annual growth rate of over 12 percent on our Adjusted EPS, 2020 to 2025.”