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Williams Companies Inc WMB Stock Quote

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Morningstar‘s Stock Analysis WMB

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Williams Delivers Strong Q2; Raising Fair Value Estimate to $32

Stephen Ellis Sector Strategist

Analyst Note

| Stephen Ellis |

Williams delivered a strong second quarter, as volumes, fees, and marketing contributions contributed to better-than-expected results. Williams’ guidance now stands at $6.25 billion, after factoring in recent strength and the Trace Midstream deal, above our earlier $6.1 billion forecast. Our revised fair value estimate after including these updates is now $32 per share, up from $31. Our narrow moat rating is unchanged. Adjusted EBITDA was up 14% year over year, due in part from core business volumes and fee strength and joint venture contributions from upstream operations at Wamsutter and Haynesville.

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Key Statistics WMB

Company Profile WMB

Business Description

Williams is a midstream energy company that owns and operates the large Transco and Northwest pipeline systems and associated natural gas gathering, processing, and storage assets. In August 2018, the firm acquired the remaining 26% ownership of its limited partner, Williams Partners.

One Williams Center, PO Box 2400
Tulsa, OK, 74172
T +1 918 573-2000
Sector Energy
Industry Oil & Gas Midstream
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Hard Assets
Employees 4,783

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