The company’s total revenue reached $3.22 billion, comfortably exceeding the $2.99 billion consensus estimate from Wall Street analysts. Core service revenue climbed to $2.3 billion, up from $2.1 billion a year ago. This growth stems largely from the integration of Momentum Midstream, alongside new power generation contracts and infrastructure projects that have officially come online.
In section Market Quotes
Williams Cos. Reports Revenue Growth Driven by Midstream Expansion
Energy infrastructure firm Williams Cos. posted a third-quarter profit of $699 million, or 56 cents a share, marking a steady climb from the $646 million recorded during the same period last year as service revenues saw a significant boost from recent project deployments and strategic acquisitions.
While adjusted per-share earnings of 54 cents landed in line with FactSet expectations, the broader financial outlook remains positive. Williams Cos. indicated it is currently tracking toward the upper end of its full-year guidance for adjusted earnings before interest, taxes, depreciation, and amortization, which stands between $8.3 billion and $8.5 billion.
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