Williams Companies, Inc. (The) (WMB) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to the Williams Second Quarter 2023 Earnings Conference Call. Just a reminder, today's call is being recorded, and now at this time, for opening remarks and introductions, I would like to turn the call over to Mr. Danilo Giovanni, Vice President of Investor Relations, ESG, and Investment Analysis. Please go ahead, sir. Thanks, Beau, and good morning, everyone. Thank you for joining us and for your interest in the Williams Company. Yesterday afternoon, we released our earnings press release and the presentation, that the President and CEO, Alan Armstrong, and our Chief Financial Officer, John Porter, will speak to this morning. Also joining us on the call today are Michael Dunn, our Chief Operating Officer, Lane Wilson, our General Counsel, and Chad Dameron, our Executive Vice President of Corporate Strategic Development. In our presentation materials, you'll find a disclaimer related to forward-looking statements. This disclaimer is important and integral to our remarks, and you should review it. Also included in our presentation materials are non-GAAP measures that we reconcile to 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 Alan Armstrong. Okay. Well, thanks, Danilo, and thank you all for joining us today. Another positive story to share with you this quarter, and you can see some of those highlighted here and called out on slide two. First of all, adjusted EBITDA up 8%. Adjusted earnings per share up 5% and our gathering volumes were up 6%. And certainly while this growth and beat is impressive, our resiliency in the face of low commodity prices is even more impressive and gave us another opportunity to distinguis...