Published on 4 May 2022 on Zacks via Yahoo Finance

Williams (WMB) Q1 Earnings Beat Estimates, Revenues Miss

The Williams Companies, Inc. WMB reported first-quarter 2022 adjusted earnings per share of 41 cents, beating the Zacks Consensus Estimate of 36 cents and surpassing the year-earlier period’s profit by 6 cents.

The outperformance was due to higher-than-expected contributions from one major segment. Adjusted EBITDA from the Transmission segment totaled $697 million, ahead of the Zacks Consensus Estimate of $689 million. Adjusted EBITDA increased year over year by 4% in the Northeast G&P unit.

Meanwhile, in the quarter ended Mar 31, Williams’ revenues of $2.5 billion missed the Zacks Consensus Estimate of $3.2 billion and underperformed the last year’s first-quarter revenues of $2.6 billion, which could be attributed to lower-than-expected numbers in the Northeast G&P and West units.