Williams (WMB) Misses Q4 Earnings Estimates, Tops On Revenues
Zacks Investment Research | Feb 20, 2020 07:01AM ET
The Williams Companies, Inc. (NYSE:WMB) reported fourth-quarter 2019 adjusted earnings per share (EPS) of 24 cents, missing the Zacks Consensus Estimate by a penny owing to weaker West segment performance.
However, the bottom line was above the year-earlier quarter's adjusted earnings of 19 cents on strong contribution from the energy infrastructure provider’s Atlantic-Gulf and Northeast G&P units. On a further encouraging note, Williams’ gathered volumes were up 10% year over year to a record 13.3 billion cubic feet per day (Bcf/d), while reserved transportation capacity improved 8% from the corresponding period of 2018 to 21.8 Bcf/d – another all-time high.
Meanwhile, for the quarter ended Dec 31, the company’s revenues of $2.1 billion beat the Zacks Consensus Estimate by 2% but decreased from $2.2 billion a year ago.
Williams Companies, Inc. (The) Price, Consensus and EPS Surprise
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