WILLIAMS COMPANIES Release Q2 2023 Financial Results
August 7, 2023
🌥️Earnings Overview
For Q2 of 2023, which ended on June 30, THE WILLIAMS COMPANIES ($NYSE:WMB) reported total revenue of USD 2483.0 million, a decline of 0.3% from the prior year quarter. Net income was USD 460.0 million, a 15.0% increase from the year earlier quarter.
Market Price
On Wednesday, WILLIAMS COMPANIES released their financial results for the second quarter of 2023. The stock opened at $33.9 and closed at $33.7, down by 1.2% from its previous closing price of 34.1. This marks a decline in the stock price, despite the company’s overall strong financial performance in terms of revenue and profits.
Overall, the financial results indicated a positive performance for WILLIAMS COMPANIES, yet the market seemed to be unconvinced as its stock price dropped by 1.2%. The company will need to reassess its strategies in order to ensure that its financial performance is adequately reflected in its stock price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Williams Companies. More…
| Total Revenues | Net Income | Net Margin |
| 11.52k | 2.65k | 23.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Williams Companies. More…
| Operations | Investing | Financing |
| 5.6k | -4.01k | -1.17k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Williams Companies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 49.02k | 34.82k | 9.6 |
Key Ratios Snapshot
Some of the financial key ratios for Williams Companies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.9% | 18.4% | 42.1% |
| FCF Margin | ROE | ROA |
| 24.0% | 25.8% | 6.2% |
Analysis
At GoodWhale, we provide comprehensive financial analysis of WILLIAMS COMPANIES to help investors make informed decisions. We believe WILLIAMS COMPANIES is a medium risk investment in terms of financial and business aspects according to our Risk Rating system. In addition to this, our automated analysis has picked up 2 risk warnings in the company’s income statement and balance sheet. To get more insights on this, become a registered user to gain access to the full report. More…
Peers
The Williams Companies Inc is a publicly traded company that is engaged in energy transportation and infrastructure development. The company operates through its subsidiaries in three segments: Williams Partners, Williams NGL and Williams Midstream. The company’s headquarters are in Tulsa, Oklahoma.
The company’s main competitors are Kinder Morgan Inc, ONEOK Inc, Enterprise Products Partners LP. These companies are all engaged in the energy transportation and infrastructure development business.
– Kinder Morgan Inc ($NYSE:KMI)
Kinder Morgan Inc., together with its subsidiaries, operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Products Pipelines, and Terminals. The Natural Gas Pipelines segment owns and operates natural gas pipelines and storage facilities. This segment also transports natural gas to electric power generation facilities, local distribution companies, direct industrial users, and natural gas marketers. The Products Pipelines segment owns and operates refined petroleum products pipelines and terminals. The Terminals segment owns and operates Terminals that provide storage, handling, and other services for petroleum products, chemicals, minerals, and other bulk materials. The company was founded in 1997 and is headquartered in Houston, Texas.
– ONEOK Inc ($NYSE:OKE)
ONEOK is one of the largest energy midstream service providers in the United States. The company has a market cap of $24.88B as of 2022 and a Return on Equity of 28.78%. ONEOK provides natural gas gathering, processing, storage, and transportation services to customers in the United States and Canada. The company also owns and operates natural gas liquids (NGL) gathering, processing, fractionation, and transportation systems.
– Enterprise Products Partners LP ($NYSE:EPD)
Enterprise Products Partners LP is a publicly traded partnership that owns, operates, develops, and acquires midstream energy assets in the United States. The company’s assets include natural gas pipelines, gathering and processing facilities, and storage terminals. Enterprise Products Partners LP is headquartered in Houston, Texas.
Summary
Investors in the WILLIAMS COMPANIES should take note of the company’s Q2 2023 financial results, which showed a slight decrease in total revenue yet a considerable 15.0% increase in net income. This suggests that the company is effectively managing its expenses and generating profits despite a decrease in sales. All of this points to a positive outlook for the WILLIAMS COMPANIES going forward.
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