Williams Companies Missed the Q2 2018 Earnings Estimate
Williams Companies (WMB) and its MLP subsidiary, Williams Partners (WPZ), reported their second-quarter earnings on August 1 after the market closed. Williams Partners reported an adjusted EBITDA of $1.097 billion in the second quarter—compared to $1,104 billion in the second quarter of 2017, which represents a marginal decline of 0.6% year-over-year. The partnership’s EBITDA fell short of analysts’ estimates of $1.115 billion by ~$18 million (or 1.6%).