NYSE$WMB

Williams Companies Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Williams reported strong quarterly financial results driven by record operational performance and announced another 2021 guidance increase.

Williams announced strong Q3 2021 financial results with a net income of $164 million and adjusted EPS of $0.34, up 26% from Q3 2020. The company achieved record quarterly gathering volumes and contracted transmission capacity, leading to an increase in full-year 2021 Adjusted EBITDA guidance.

  • Net income of $164 million, or $0.13 per diluted share (EPS)
  • Adjusted EPS of $0.34 per diluted share – up 26% from 3Q 2020
  • Adjusted EBITDA of $1.420 billion – up $153 million or 12% from 3Q 2020
  • Dividend coverage ratio of 2.17x (AFFO basis) for 3Q 2021

Headline financials

Total Revenue

$2.48B

Previous: $1.93B+28.0%
EPS (adj)

$0.34

Previous: $0.27+25.9%
Adjusted EBITDA

$1.42B

Previous: $1.27B+12.1%
Dividend Coverage

2.17

Previous: 1.59+36.5%
Capital Expenditures

-$957M

Previous: -$938M-2.0%
Free Cash Flow

-$792M

Previous: -$629M-25.9%
Net Income

$165M

Previous: $309M-46.6%
Operating Income

$355M

Previous: $641M-44.6%
Gross Profit

$2.07B

Previous: $1.6B+29.4%
Cash & Equivalents

$214M

Previous: $70M+205.7%
Total Assets

$46B

Previous: $44.3B+3.8%
Stock-Based Comp

$21M

Previous: $15M+40.0%

Revenue & EPS history

Williams · Revenue · Quarterly

$2.48B

Q3 2021+28%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The company now expects 2021 Adjusted EBITDA between $5.5 billion and $5.55 billion and Available Funds from Operations guidance to a range of $4.025 billion to $4.075 billion.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.5%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.7%

Avg return

30 days after

56%

41 / 73 earnings

Positive

+11.6%

Q2 2020

Best reaction

-10.0%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.0%-4.7%-4.5%
Q4 2025+1.5%+6.5%+8.4%
Q3 2025-4.3%+0.9%+7.8%
Q2 2025-2.1%-3.9%-4.4%
Q1 2025-2.6%-4.2%+0.6%
Q4 2024+4.8%+5.4%+4.5%
Q3 2024+4.5%+7.3%+7.2%
Q2 2024+1.5%+2.5%+5.3%
Q1 2024+1.1%+2.5%+7.5%
Q4 2023+0.4%+0.8%+8.7%
Q3 2023+4.0%+3.9%+8.4%
Q2 2023+1.0%+1.1%+1.7%
Q1 2023-0.7%+0.9%+3.2%
Q4 2022-1.5%-0.3%-8.4%
Q3 2022+2.4%+2.7%+6.2%
Q2 2022-3.6%-5.5%-0.2%
Q1 2022+3.0%+6.9%+9.2%
Q4 2021-0.4%+3.6%+10.4%
Q3 2021+1.1%+1.7%-5.2%
Q2 2021+0.3%+0.0%-1.6%
Q1 2021+0.9%+3.9%+12.0%
Q4 2020+5.3%+0.9%+3.8%
Q3 2020-1.1%-4.8%+12.8%
Q2 2020+11.6%+9.0%+11.2%
Q1 2020+2.4%+5.0%+11.4%
Q4 2019+2.6%-5.1%-46.3%
Q3 2019-3.9%+0.5%-2.2%
Q2 2019+2.0%-5.0%-5.7%
Q1 2019-3.1%-3.4%-6.9%
Q4 2018+0.5%+2.0%+3.1%
Q3 2018+6.4%+6.3%+4.6%
Q2 2018+4.1%+5.3%-0.5%
Q1 2018+0.5%+1.2%+2.8%
Q4 2017+0.7%-2.9%-8.6%
Q3 2017-1.4%+1.0%+2.8%
Q2 2017-2.1%-2.2%-5.2%
Q1 2017-2.6%+1.0%-4.8%
Q4 2016-3.1%-2.4%-1.1%
Q3 2016-3.7%-3.6%+3.5%
Q2 2016-0.0%+6.9%+16.6%
Q1 2016+6.1%
Q4 2015+6.1%
Q3 2015+2.2%
Q2 2015-0.2%
Q1 2015-1.4%
Q4 2014-0.5%
Q3 2014+1.8%
Q2 2014-2.5%
Q1 2014+2.5%
Q4 2013+3.6%
Q3 2013-4.2%
Q2 2013+6.8%
Q1 2013-4.6%
Q4 2012-3.9%
Q3 2012-3.2%
Q2 2012-2.7%
Q1 2012+4.9%
Q4 2011+2.6%
Q3 2011+5.7%
Q2 2011-10.0%
Q1 2011-0.5%
Q4 2007+2.1%
Q4 2010+2.1%
Q3 2010+3.9%
Q2 2010-0.1%
Q1 2009-9.8%
Q1 2010+1.1%
Q4 2009+1.5%
Q3 2009+3.3%
Q3 2008+3.3%
Q4 2008-2.7%
Q2 2009-2.7%
Q2 2008-2.7%

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