NYSE$WMB
Williams Companies Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Williams reported stable Q4 2020 results despite external volatility, with adjusted EPS up 29% year-over-year.
Williams announced its Q4 2020 financial results, demonstrating stability despite ongoing external volatility. Adjusted EPS increased by 29% compared to Q4 2019, and cash flow from operations rose by 12%. The company also provided 2021 financial guidance, expecting Adjusted EBITDA between $5.05 billion and $5.35 billion.
- Net income of $115 million, or $0.09 per diluted share, which includes net non-cash impairment impact of ($245 million), or ($0.20) per diluted share
- Adjusted EPS of $0.31 per diluted share - up 29% vs. 4Q '19
- CFFO of $1.114 billion - up $123 million or 12% over 4Q '19
- Adjusted EBITDA of $1.336 billion - up $52 million or 4% over 4Q '19
Headline financials
Revenue & EPS history
Williams · Revenue · Quarterly
$2.09B
Forward guidance
The company expects 2021 Adjusted EBITDA between $5.05 billion and $5.35 billion. The company also expects 2021 growth capex between $1 billion to $1.2 billion and leverage ratio of 4.25x, providing visibility to the company’s 4.20x leverage metric objective. Importantly, Williams also anticipates it will generate positive free cash flow (after capex and dividends), allowing it to retain financial flexibility.
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 Q4 2020
+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
| Quarter | Report date | Reaction (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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