The company said net income attributable to The Williams Companies for the 3 months ended March 31, 2024 decreased $295 million from the same period a year earlier.

1. 01

   The company said net income attributable to The Williams Companies for the 3 months ended March 31, 2024 decreased $295 million from the same period a year earlier.

2. 02

   Williams said it closed on January 3, 2024 its acquisition of 100% of a portfolio of natural gas storage facilities and pipelines in Louisiana and Mississippi from Hartree Partners LP for $1.95 billion. The company said the purchase was funded with cash on hand and $100 million of deferred consideration.

3. 03

   The company said it expects growth capital and investment expenditures for 2024 to range from $1.45 billion to $1.75 billion, excluding acquisitions. It also said it plans to fund most of its planned capital expenditures for 2024 with cash available after dividends.

4. 04

   The company said that as of March 31, 2024, long-term debt due within 1 years totaled about $2.787 billion and its working capital deficit was $2.371 billion. It also said there were no commercial paper borrowings outstanding as of the same date.

Key figures

Quarter ended March 31, 2024

Revenue

$3.3B

Operating income

$1.0B

Net income

$632M

EPS

$0.52

Operating cash flow

$1.2B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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