Williams said its GAAP net income available to common stockholders for the quarter Q1 2024 decreased from the prior year to $631 million ($0.52 per diluted share), from $926 million ($0.76 per share). The company cited an unfavorable change of $419 million in net unrealized gains and losses on commodity derivatives among the factors.

1. 01

   Williams said its GAAP net income available to common stockholders for the quarter Q1 2024 decreased from the prior year to $631 million ($0.52 per diluted share), from $926 million ($0.76 per share). The company cited an unfavorable change of $419 million in net unrealized gains and losses on commodity derivatives among the factors.

2. 02

   The company said Adjusted EBITDA for Q1 2024 was $1.934 billion, up $139 million from a year earlier. The company cited the net contributions from acquisitions and expansion projects as the drivers of the increase.

3. 03

   Williams said its cash flow from operations for Q1 2024 was $1,234 million, down from $1,514 million in the prior year, while its available funds from operations (AFFO) was $1,507 million, up $62 million from the prior year.

4. 04

   Williams said it closed the Gulf Coast Storage asset acquisition ($1.851 billion) in January 2024, and expects Adjusted EBITDA for 2024 to be in the top half of its guidance range of $6.8 billion to $7.1 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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