02:36 PM EDT, 10/02/2024 (MT Newswires) -- Williams (WMB) will see a positive impact on Q3 earnings from the startup of several growth projects and "lower producer shut ins" but the results will be slightly offset by hurricane disruptions, UBS Securities said in a note Wednesday.

UBS raised its Q3 earnings before interest, taxes, depreciation, and amortization estimate to $1.70 billion from $1.67 billion.

During the energy company's Q3 conference call, investors will likely focus on updates on data centers, natural gas macro trends, potential 2024/2025 EBITDA guidance revisions, and the Transco rate case, according to UBS.

The focus will also center on strategies for joint venture simplification, storage opportunities, growth potential along the Transco pipeline, M&A appetite, capital allocation, and Williams' energy transition efforts.

UBS reiterated a buy rating on Williams' stock and maintained a $55 per share price target.

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