What To Expect From The Williams Companies, Inc. (NYSE:WMB) 2Q20 Earnings

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The Williams Companies, Inc. (NYSE:WMB) is set to announce second quarter earning results on Monday 3rd August 2020, after market close.

Analysts surveyed by Thomson Reuters are predicting, WMB to report 2Q20 income of $ 0.24 per share.

For the full year, analysts anticipate top line of $ 7403.36 million, while looking forward to income of $ 0.93 per share bottom line.

The Company Outlook

Full Year 2020 bottomline are predicted in a range of $ 0.95 ~ $ 1.20 per share

Click Here For More Historical Outlooks Of The Williams Companies, Inc.

Previous Quarter Performance

The Williams Companies, Inc. recorded income for the first quarter of $ 0.26 per share, from the revenue of $ 1,913.00 million. The quarterly earnings enlarged 18.18 percent while revenues decreased 15.01 percent compared with the same quarter last year. Wall street analysts are predicting revenue of $ 2133.90 million The top line results fell short of analysts by $ 220.9 million or 10.35 percent.

Historical Earnings Performance
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Click Here For More Historical Earnings Of The Williams Companies, Inc.

Stock Performance

According to the previous trading day, closing price of WMB was $ 19.13, representing a 127.47 % increase from the 52 week low of $ 8.41 and a 24.36 % decrease over the 52 week high of $ 25.29.

The company has a market capital of $ 23.21 billion and is part of the Energy sector and Oil & Gas Midstream industry.

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Recent Analyst recommendations

  • On 15th July 2020, upgraded by Morgan Stanley to Overweight from Equal-Weight rating, with $ 25.00 target price.
Recent Stock Dividend Announcement

The board of directors has authorized quarterly dividend of $ 0.40 per share on April 28, 2020. The dividend were payable on June 29, 2020 to holders of record as of the close of business on June 12, 2020 and ex-dividend date on June 11, 2020.

The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The companys Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.