Just a few months after Williams President Alan Armstrong discussed first quarter earnings and declared, “”Our business is firing on all cylinders,” the Tulsa company prepares to release its second quarter earnings report August 4.
The release will be made after the market closes on that Monday and the company leadership willhold a conference call and webcast with analysts and investors on Tuesday, Aug. 5 at 8:30 a.m. Central Time.
Armstrong is no longer President and CEO of the big energy company but moved to become executive chairman of the Willilams Board of Directors while Chad Zamarin succeeded him as President and CEO.
In May, the company reported $690 million in net income and 56 cents a share, up 9% and 8% respectively compared to a year earlier. Its adjusted EBITDA totaled $1.989 billion, up $55 million or 3% from the first quarter of 2024.
That’s what prompted Armstrong to declare at the time, “”Our business is firing on all cylinders and our track record of generating predictable, growing earnings in a variety of economic cycles underscores the value of Williams as a stable, longterm investment with a strong dividend. With an ever-expanding backlog of fully contracted projects extending beyond 2030 and our ability to capture new business in emerging markets, Williams is well positioned to benefit from the coming wave of natural gas demand from the power generation market and LNG exports, while continuing to deliver on traditional market needs.”