Skip to main content 2Q 2025 Earnings Call – Williams Companies, Inc. Investor Presentation | Shale Experts
Loading...
Pm

2Q 2025 Earnings Call – Williams Companies, Inc.

Williams Companies, Inc. · Aug 5, 2025 · 48 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 1
    Williams 2nd Quarter 2025 Earnings Call August 5, 2025 WILLIAMS 2025 The Williams Companies, Inc. All rights reserved NYSE: WMB I Williams 2nd Quarter 2025 Earnings I August 5, 2025 I www.williams.com 1
  2. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 2
    Continued strong operational, strategic and financial achievement ADVANCING OUR NATURAL GAS FOCUSED STRATEGY Clean. Affordable. Reliable. Completing key projects Recently completed 6 projects1; increasing transmission, Gulf…
  3. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 3
    Achieved 8% growth 2Q 2025 vs. 2Q 2024 WMB Adjusted EBITDA (MM): 2Q 2025 vs. 2Q 2024 Key Earnings Drivers TRANSMISSION & GULF Higher earnings driven by Transco and Gulf expansions, higher 1,850 Transco rates, and favorable storage…
  4. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 4
    Clear line-of-sight to continued earnings growth 9.0 Series Adjusted 1 EBITDA (B) 2025 Growth Drivers 8.0 7.6 - 7.9B Significant fully-contracted growth 7.1 7.0 6.8 Transmission expansions 6.4 Storage re-contracting Deepwater…
  5. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 5
    Key takeaways Commercializing and Delivering another Advancing progressing key quarter of strategy driven by growth projects solid results natural gas Executing strategy for long-term sustainable growth WILLIAMS 2025 The…
  6. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 6
    Appendix WILLIAMS 2025 The Williams Companies, Inc. All rights reserved NYSE: WMB I Williams 2nd Quarter 2025 Earnings I August 5, 2025 I www.williams.com 6
  7. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 7
    Key financial metrics Strong Financial Performance 2Q 2Q 2Q25 2Q24 Change Change Across Key Financial Metrics 2025 2024 YTD YTD Adjusted EBITDA 1,808 1,667 8% 3,797 3,601 5% Adjusted Earnings per Share 0.46 0.43 7% 1.06 1.01 5%…
  8. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 8
    Sequential Adjusted EBITDA drivers WMB Adjusted EBITDA (MM): 2Q 2025 vs. 1Q 2025 Key Earnings Drivers TRANSMISSION & GULF Higher earnings due to Transco and Gulf expansions, higher 2,150 Transco rates, favorable storage…
  9. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 9
    Achieved 5% growth 2Q 2025 YTD vs. 2Q 2024 YTD WMB Adjusted EBITDA (MM): 2Q25 YTD vs. 2Q24 YTD Key Earnings Drivers TRANSMISSION & GULF Higher earnings due to Transco and Gulf expansions, higher 3,900 Transco rates, favorable storage…
  10. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 10
    Recent accomplishments Guidance Increased midpoint of Adjusted EBITDA guidance by 50 million, representing a 350 million Update increase since original 2025 guidance Saber Acquired Saber Midstream in the Haynesville, adding over 1…
  11. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 11
    2025 financial guidance Financial Metric 2024 Actuals Updated 2025 Guidance Y/Y Growth* Adjusted EBITDA 7.080B 7.6B - 7.9B 9% Adjusted Diluted EPS1 1.92 2.01 - 2.19 9% Available Funds From Operations (AFFO) 5.378B 5.56B - 5.79B…
  12. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 12
    Expected capital drivers for 2025 Growth Capital Onsite natural gas and power generation infrastructure project High priority investments drive sustainable long-term growth Transmission projects G&P expansions including the 2.725B…
  13. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 13
    Diversification of Adjusted EBITDA fuels stability and growth Other & Divestitures1 1% 7.1B 2024 Adj. EBITDA 1% from Other NGL Services2 2% 2% from NGL Services Marketing Services 3% E&P 3% 3% from Gas and NGL Marketing Services…
  14. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 14
    Williams generates steady growth in volumes and Adjusted EBITDA Quarterly Growth: Williams Base Business Adjusted EBITDA1, Contracted Transmission Capacity and Gathering Volume vs. Crude Oil and Natural Gas Commodity Prices 250…
  15. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 15
    Williams hedge positions Opal Processing Plant, W Y Commodity 2025 2026 Volume Weighted-Average Volume Weighted-Average Natural Gas E&P Hedges (MMBtu) Price (MMBtu) (MMBtu) Price (MMBtu) Fixed Price Swaps (39,177,500) 3.74…
  16. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 16
    Balance sheet strength and financial flexibility Strong liquidity and minimal near-term debt maturities Principal Value of Debt Maturities 3.65x 16% improvement as of June 30, 2025 2025 guidance for in leverage since 20202 ( in…
  17. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 17
    Strong natural gas demand across all sectors Total demand including exports averaged 100 Bcf/d in 2Q25 versus 96 Bcf/d in 2Q24 Driven by LNG export growth as well as stronger res/comm demand POWER GEN INDUSTRIAL RES / COM LNG &…
  18. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 18
    Transco resides along active and growing U.S. LNG corridor Williams Asset Map in U.S. Gulf Coast1 + U.S. L-48 Large Scale Approved and Potential Liquefaction Facilities Per EIA 17.8 10.5 13.3 Bcf/d2 Bcf/d Bcf/d LNG projects…
  19. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 19
    More natural gas is required to feed growing electricity demand Electrification of heating and transport, data centers and AI-driven future will create unprecedented growth in power demand U.S. Net On-Grid Power Demand 6,000 RAPID…
  20. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 20
    Ample coal-to-gas switching opportunities reside in our footprint Williams Asset Map, Highlighting Third-party Operating Coal Plants 58 Equates to Coal plants; 55 GW +8.4 Bcf/d natural Net summer gas1 capacity Equates to…
  21. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 21
    There is a growing need for reliable infrastructure investment Cumulative Percentage Growth in L-48 Natural Gas Demand versus Growth in Interstate Natural Gas Pipeline Delivery Capacity and Natural Gas Storage Delivery Since 2013…
  22. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 22
    Natural gas meets the trifecta for energy solutions CLEAN AFFORDABLE RELIABLE 45% less carbon dioxide 3.3x 2.6x Performance of gas power cheaper than emissions than coal1 capacity compared to electricity2 solar PV power…
  23. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 23
    Clear line-of-sight into near-term contracted growth Transmission Deepwater 2025 uplift Texas to Louisiana Energy Pathway 2Q25 Ballymore 2Q25 2026 uplift Southeast Energy Connector 2Q25 Commonwealth Energy Connector 4Q25…
  24. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 24
    Executing significant portfolio of Transco expansion projects 1 Project Target In- Current Status Project Capacity Service Northeast Supply Enhancement 1 4Q27 Signed precedent agreement1 400 MMcf/d 2 Power Express 2 3Q30 Signed…
  25. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 25
    MountainWest preparing for growth ahead Strong project execution on significant opportunity set Little Mountain Station, UT PROJECTS IN EXECUTION Overthrust Westbound Expansion Capacity: 325 MMcf/d Expected ISD: 4Q 2025…
  26. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 26
    Expansions underway on Northwest Pipeline 1 1 Huntingdon Connector Capacity: 78 MMcf/d Expected ISD: 4Q 2026 2 2 Kelso-Beaver Reliability Project Capacity: 183 MMcf/d Expected ISD: 4Q 2028 3 3 Stanfield South…
  27. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 27
    Deepwater expansions adding significant volume growth BALLYMORE Placed in-service 2Q 2025 Region: Eastern Gulf Capital budget: Zero Combined reserves: 300 Mmboe SHENANDOAH Placed in-service 3Q 2025 Region: Central Gulf…
  28. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 28
    Enhancing our Haynesville footprint Acquired Saber Midstream 1 Saber Midstream 1 2 1 BCF/D Saber Midstream Haynesville West of gathering and dehydration added at an attractive 5x multiple1 LA 3 Louisiana Energy Gateway…
  29. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 29
    Committed to sustainable operations EXPERIENCE POWERS US 24% REDUCTION in intensity-based GHG emissions from 2018, working towards goal of a 30% reduction by 2028 607+ UNIQUE ENGAGEMENTS with local community stakeholders,…
  30. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 30
    Committed to a clean energy future For more information regarding our sustainability efforts, please review our 2024 Sustainability Report LONG-TERM AMBITION Achieve net zero NEAR-TERM GOAL ambition by 2050 utilizing a…
  31. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 31
    Forward Looking Statements WILLIAMS 2025 The Williams Companies, Inc. All rights reserved NYSE: WMB I Williams 2nd Quarter 2025 Earnings I August 5, 2025 I www.williams.com 31
  32. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 32
    Forward-looking statements (contd) The ability of the members of the Organization of Petroleum Exporting Countries and other oil exporting nations to agree to and maintain oil price and production controls and the impact on domestic…
  33. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 33
    Non-GAAP Reconciliations WILLIAMS 2025 The Williams Companies, Inc. All rights reserved NYSE: WMB I Williams 2nd Quarter 2025 Earnings I August 5, 2025 I www.williams.com 35
  34. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 34
    Non-GAAP Disclaimer This news release and accompanying materials may include certain financial measures adjusted EBITDA, adjusted income (earnings), adjusted earnings per share, available funds from operations and dividend coverage…
  35. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 35
    Reconciliation of Income (Loss) Attributable to The Williams Companies, Inc. to Adjusted Income 2015-2017 2015 2016 2017 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th…
  36. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 36
    Reconciliation of Income (Loss) Attributable to The Williams Companies, Inc. to Adjusted Income 2015-2017 cont. 2015 2016 2017 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd…
  37. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 37
    Reconciliation of Income (Loss) from Continuing Operations Attributable to The Williams Companies, Inc. to Non-GAAP Adjusted Income 2018-2020 2018 2019 2020 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th…
  38. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 38
    Reconciliation of Income (Loss) from Continuing Operations Attributable to The Williams Companies, Inc. to Non-GAAP Adjusted Income 2018-2020 Cont. 2018 2019 2020 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr…
  39. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 39
    Reconciliation of Income (Loss) From Continuing Operations Attributable to The Williams Companies, Inc. to Non-GAAP Adjusted Income 2021-2023 2021 2022 2023 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th…
  40. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 40
    Reconciliation of Income (Loss) From Continuing Operations Attributable to The Williams Companies, Inc. to Non-GAAP Adjusted Income 2021-2023 Cont. 2021 2022 2023 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr…
  41. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 41
    Reconciliation of Income (Loss) From Continuing Operations Attributable to The Williams Companies, Inc. to Non-GAAP Adjusted Income 2024-2025 2024 2025 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr…
  42. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 42
    Reconciliation of Income (Loss) From Continuing Operations Attributable to The Williams Companies, Inc. to Non-GAAP Adjusted Income 2024-2025 Cont. 2024 2025 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th…
  43. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 43
    Reconciliation of Net Income (Loss) to Modified EBITDA and Non-GAAP Adjusted EBITDA 2015-2017 2015 2016 2017 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th…
  44. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 44
    Reconciliation of Net Income (Loss) to Modified EBITDA and Non-GAAP Adjusted EBITDA 2018-2020 2018 2019 2020 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th…
  45. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 45
    Reconciliation of Net Income (Loss) to Modified EBITDA and Non-GAAP Adjusted EBITDA 2021-2023 2021 2022 2023 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th…
  46. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 46
    Reconciliation of Net Income (Loss) to Modified EBITDA and Non-GAAP Adjusted EBITDA 2024-2025 2024 2025 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year Net income (loss) 662 426 741 517 2,346 729 583…
  47. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 47
    Reconciliation of Cash Flow from Operating Activities to Non-GAAP Available Funds from Operations 2024-2025 2024 2025 (Dollars in millions, except coverage ratios) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year Net cash…
  48. 2Q 2025 Earnings Call – Williams Companies, Inc. – slide 48
    Reconciliation of Net Income (Loss) from Continuing Operations to Modified EBITDA, Non-GAAP Adjusted EBITDA and Cash Flow from Operating Activities to Non-GAAP Available Funds from Operations (AFFO) 2025 Guidance (Dollars in millions,…

From the store

Browse maps, data & reports in the Shale Experts store