The Williams Companies, Inc. (WMB) Q2 2022 Earnings Call Transcript

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, everyone, and welcome to the Williams Second Quarter 2022 Earnings Conference Call. Today's conference is being recorded.

At this time, for opening remarks and introductions, I would like to turn the call over to Mr. Danilo Juvane, Vice President of Investor Relations and ESG. Please go ahead.

Danilo Juvane - VP of IR

Thanks, Joanne, and good morning, everyone. Thank you for joining us and for your interest in the Williams Companies. Yesterday afternoon, we 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 Micheal Dunn, our Chief Operating Officer; Lane Wilson, our General Counsel; and Chad Zamarin, our Senior 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 reconciled to Generally Accepted Accounting Principles. And these reconciliation schedules appear at the back of today's presentation material.

So with that, I'll turn it over to Alan Armstrong - President and CEO.

Alan Armstrong - President and CEO

Great. Thanks, Danilo, and thank you all for joining us today. While we're here today to talk about another quarter of steady, predictable growth, thanks to a long-term commitment to our natural gas-focused strategy and continued crisp execution against that strategy. We saw strong earnings growth in our core businesses and our upstream operations. And the health of our businesses was also demonstrated by equally strong gathering and transportation volumes during the quarter. Importantly, we expect continued earnings growth in our core G&P and gas transmission businesses as our teams are delivering great execution on our expansion projects.

We're also staying laser focused on doing what's right to ensure sustainable operational performance. We're pleased to share our progress in our 2021 sustainability report that was published just last week. I hope you'll take some time to read the report as it really is a testament to the hard work of our entire organization and their passion for doing things the right way.

I'll highlight a few things from the report in our key investor focus areas segment. But for now, let me turn things over to John for a review of our second quarter and our year-to-date results. John?