Overview

* Natural gas pipeline operator Williams Q3 adjusted EPS misses analyst expectations

* Adjusted EBITDA for Q3 rises 13% yr/yr, driven by expansion projects

* Company advanced key growth projects, including Transco and Gulf expansions

Outlook

* Williams reaffirms 2025 Adjusted EBITDA midpoint of $7.75 bln

* Company raises 2025 growth capex forecast by $500 mln to $3.95 bln-$4.25 bln

Result Drivers

* GROWTH PROJECTS - Expansion projects in Transco and Gulf assets drove earnings growth, according to CEO Chad Zamarin

* NATURAL GAS STRATEGY - Higher service revenues and volumes from natural gas gathering and processing boosted results

* STRATEGIC PARTNERSHIPS - Sale of South Mansfield assets and partnership with Woodside Energy accelerated wellhead to water strategy

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $0.49 $0.51

Adjusted (15

EPS Analysts

)

Q3 EPS $0.53

Q3 Miss $603 mln $650.81

Adjusted mln (10

Net Analysts

Income )

Q3 Net $646 mln

Income

Q3 Cash $1.43

Flow bln

from Ops

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas transportation services peer group is "buy"

* Wall Street's median 12-month price target for Williams Companies Inc ( WMB ) is $67.35, about 14.1% above its October 31 closing price of $57.87

* The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)