The Williams Companies, Inc. (NYSE:WMB) Q3 2023 Earnings Conference Call November 2, 2023 9:30 AM ET

Company Participants

Danilo Juvane – Vice President-Investor Relations

Alan Armstrong – President and Chief Executive Officer

John Porter – Chief Financial Officer

Michael Dunn – Chief Operating Officer

Lane Wilson – General Counsel

Chad Zamarin – Executive Vice President-Corporate Strategic Development

Conference Call Participants

Spiro Dounis – Citi

Neel Mitra – Bank of America

Theresa Chen – Barclays

Jean Ann Saulsbury – Bernstein

Brian Reynolds – UBS

Tristan Richardson – Scotiabank

Jeremy Tonet – JPMorgan

Praneeth Satish – Wells Fargo

Operator

Good morning, ladies and gentlemen. Welcome to The Williams Third Quarter Earnings 2023 Conference Call. At this time, all participants are in a listen-only mode and please be advised that this call is being recorded. After the speakers’ prepared remarks, there will be a question-and-answer session.

Now at this time, I’ll turn things over to Mr. Danilo Juvane, Vice President, Investor Relations. Please go ahead, sir.

Danilo Juvane

Thanks, Bo, and good morning, everyone. Thank you for joining us and for your interest in The Williams Companies. Yesterday afternoon, we’ve released our earnings press release and the presentation that our President and CEO, Alan Armstrong; and our Chief Financial Officer, John Porter, will speak to this morning. Also joining us on the call are Michael Dunn, our Chief Operating Officer; Lane Wilson, our General Counsel; and Chad Zamarin, our Executive Vice President of Corporate Strategic Development.

In our presentation materials, you will 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 the 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 will turn it over to Alan Armstrong.

Alan Armstrong

All right. Well, thanks, Danilo, and thank you all for joining us today. As our first slide here shows Williams delivered another quarter of impressive accomplishments and starting out with our operational execution. So first of all, our project execution team completed the first half of Transco’s Regional Energy Access project, well ahead of schedule and our commercial and government affairs teams followed-up with the contracting and FERC authorization needed to place this in service and beginning full rate revenues for the initial capacity here in late October, so great efforts by our teams there and great results in a very difficult area.