WMB, (Williams Companies) has really shown some great strength in the last two weeks or so. Natural gas processing and transportation is William’s core business. Australia may be having a strike with its workers on three facilities owned by Woodside Energy Group that represent 10% of the world’s Liquefied Natural Gas LNG and typically supplies Asia.

What I like about it is it beat its earning’s revenue projections. It came in with a $0.42 per share earnings.

Below is taken from the WMB WEBSITE.

GAAP net income of $547 million, or $0.45 per diluted share (EPS) – up 36% vs. 2Q 2022
Adjusted net income of $515 million, or $0.42 per diluted share (Adjusted EPS) – up 5% vs. 2Q 2022
Adjusted EBITDA of $1.611 billion – up $115 million or 8% vs. 2Q 2022
Cash flow from operations (CFFO) of $1.377 billion – up $279 million or 25% vs. 2Q 2022
Available funds from operations (AFFO) of $1.215 billion – up $85 million or 8% vs. 2Q 2022
Dividend coverage ratio of 2.23x (AFFO basis)
Repurchased $56 million in shares through opportunistic stock buyback program
Record gathering volumes of 18.03 Bcf/d
Continued improvement of balance sheet with leverage ratio of 3.50x