How Will Williams Cos. (WMB) Stock React to Q1 Financial Results?
NEW YORK (TheStreet) -- Williams Cos. (WMB) - Get Report reported 2016 first quarter adjusted earnings of 3 cents per share after the market close, below analysts' estimates for 22 cents per share.
First quarter adjusted EBITDA was $1.056 billion, up from $1.07 billion in the previous quarter and $918 million a year ago.
"For the balance of 2016, we expect additional cash flow from recently completed expansions and new projects coming into service in the second and third quarters," CEO Alan Armstrong said in a statement. "Our fully contracted natural gas transmission business coming on in 2017 and 2018 will drive growth in the supply basins we serve."
Shares of the pipeline company are flat in after-hours trading, after closing down by 0.67% to $19.25.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D+.
Williams Cos.'s weaknesses include its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: WMB
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.
