Williams Companies, Inc. (The) (WMB) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to the Williams First Quarter 2026 earnings conference call. Today's conference is being recorded. At this time, for opening remarks and introductions, I would now like to turn the call over to Danilo Giovanni, Vice President of Investor Relations. Please go ahead. Thank you, Antoine, and good morning, everyone. Thank you for joining us and for your interest in the Williams Company. and our Chief Financial Officer, John Porter, who we'll speak to this morning. Also joining us on the call today are Larry Larson, our Chief Operating Officer, and Rob Wingo, our Executive Vice President of Corporate Strategic Development. In our presentation materials, you'll find a disclaimer related to forward-looking savings. This disclaimer is important and integral to our remarks, and you should review it. Also included in the presentation materials are non-GAAP measures that we would practice on generally accepted accounting principles, And these reconciliation schedules appear at the back of today's presentation materials. So with that, I'll turn it over to Chad. Thanks, Danilo. And thank you all for joining us today. We're off to a great start in 2026. Our teams delivered another quarter of growth. We advanced our critical pipe and power projects in execution. And we commercialized three new major projects and upsized a fourth. First quarter earnings per share grew by 22%. and adjusted EBITDA grew 13% to a record $2.25 billion. Our momentum continues to build, demonstrating the scalability of our strategy, the ongoing strength of our assets, and the growing contribution from our expansion projects. Our teams continue to execute high-return expansions at a steady pace while adding new projects to our robust backlog, and during the quarter, we made c...