Published on 9 May 2024 on Zacks via Yahoo Finance
Williams (WMB) Q1 Earnings Beat Estimates, Revenues Miss
The Williams Companies, Inc. WMB reported first-quarter 2024 adjusted earnings per share of 59 cents, which beat the Zacks Consensus Estimate of 49 cents. The bottom line also improved from the year-ago period’s level of 56 cents. The Transmission & Gulf of Mexico, West, and Northeast G&P segments delivered strong year-over-year results, leading to the outperformance.
Williams’ revenues of $2.8 billion missed the Zacks Consensus Estimate of $2.9 billion and decreased from the year-ago quarter’s reported figure of $3.1 billion. The underperformance was due to lower service revenues and net losses from commodity derivatives on a year-over-year basis.
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