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Williams Companies WMB Modified EBITDA

Discontinued — last reported Q1 '25

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Segments

By segment

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Reportable Segment, Aggregation before Other Operating Segment$1.87B
Transmission, Power & Gulf$973M
Northeast G & P$505M
West$342M+5.9%
Other Operating Segment$93M
Gas & NGL Marketing Services$54M+391%

Other financials

Income statement

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Revenue$3.1B+9.8%
Operating income$1.1B+32.3%
Net income$827.0M+51.5%
EPS (diluted)$0.68+51.1%

Balance sheet

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Cash & equivalents$70.0M-90.8%
Total debt$26.6B+2.9%
Total equity$12.5B+0.7%
Total assets$55.7B+3.5%

Cash flow

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Operating cash flow$1.4B+15.8%
CapEx$954.0M+39.9%
Free cash flow$485.0M-13.5%

Valuation

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Market cap$87.49B+18.9%
P/E32.3×+13.1×
P/S7.4×+1.6×

Profitability

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Operating margin34.3%-0.2pp
Net margin20.6%-6.7pp
FCF margin16%-13.4pp

Returns & leverage

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Return on equity19%-4.7pp
Debt / equity2.1×+0.1×
Current ratio0.4×-0.1×

Where this comes from

Reported directly by Williams Companies in its filing.

Tagged under the XBRL concept wmb:ModifiedEBITDAEarningsLoss.

The source filing: Williams Companies’s 10-Q, filed May 5, 2025.

Filed
May 5, 2025
Fiscal quarter
Q1 FY2025
Calendar quarter
Q1 2025
Accession
0000107263-25-000102
Three Months Ended March 31, 2025Transmission & Gulf of America / Three Months Ended March 31, 2025Northeast G&PWestGas & NGL Marketing Services (1)Total
Proportional Modified EBITDA of equity-method investments36159383
Modified EBITDA of reportable segments$858$514$354$152$1,878
Modified EBITDA from upstream operations, corporate, and other business activities75
Total consolidated Modified EBITDA$1,953
Reconciliation of Modified EBITDA:
Depreciation, depletion, and amortization expenses$(585)
Equity earnings (losses)155
Other investing income (loss) - net8

Item 1. Financial Statements

FAQ

What is Williams Companies's modified EBITDA?
Williams Companies (WMB) reported modified EBITDA of $1.95B in Q1 2025.
How has Williams Companies's modified EBITDA changed year-over-year?
Williams Companies's modified EBITDA increased by 6.3% year-over-year, from $1.84B to $1.95B.
What does modified EBITDA mean?
A non-GAAP performance measure that adjusts standard EBITDA for specific items like equity method investment earnings, non-cash charges, and other non-operating items. It provides a clearer view of the recurring cash-generating capability of the core midstream assets.

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