Williams Continues To Expect Adjusted EBITDA Between $7.2B-$7.6B With Growth CapEx Between $1.65B-$1.95B And Maintenance CapEx Between $750M-$850M, Which Includes Capital Of $100M Based On Midpoint For Emissions Reduction And Modernization Initiatives. Williams Continues To Anticipate A Leverage Ratio Midpoint For 2024 Of 3.85x
Portfolio Pulse from Benzinga Newsdesk
Williams (WMB) projects its Adjusted EBITDA for 2025 to be between $7.2B-$7.6B, with growth capex of $1.65B-$1.95B and maintenance capex of $750M-$850M, including $100M for emissions reduction and modernization. For 2024, it expects Adjusted EBITDA in the top half of $6.8B-$7.1B, with growth capex of $1.45B-$1.75B and maintenance capex of $1.1B-$1.3B, including $350M for similar initiatives. The leverage ratio midpoint for 2024 is anticipated at 3.85x, and the dividend has been increased by 6.1% to $1.90 from $1.79 in 2023.
May 06, 2024 | 8:27 pm
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Williams expects a strong financial outlook for 2024 and 2025, with increased dividends and significant investments in sustainability.
The positive financial guidance, including an increase in dividends and a focus on emissions reduction and modernization, indicates a strong operational and financial health of Williams. This is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
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RELEVANCE 100