Williams Companies, Inc. (NYSE:WMB) Q2 2024 Earnings Conference Call August 6, 2024 9:30 AM ET

Company Participants

Danilo Juvane - VP, IR
Alan Armstrong - President, CEO & Director
John Porter - SVP & CFO
Micheal Dunn - EVP & COO
Chad Zamarin - EVP, Corporate Strategic Development
Lane Wilson - General Counsel

Conference Call Participants

Praneeth Satish - Wells Fargo
Jeremy Tonet - JPMorgan
Spiro Dounis - Citibank
Manav Gupta - UBS
Neal Dingmann - Truist Securities
Zack Van Everen - TPH & Company
Robert Catellier - CIBC Capital Markets
Tristan Richardson - Scotiabank
Theresa Chen - Barclays
John Mackay - Goldman Sachs

Operator

Good day, and thank you for standing by. Welcome to The Williams Second Quarter Earnings 2024 Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Danilo Juvane, Vice President of Investor Relations, ESG and Investment Analysis. Please go ahead.

Danilo Juvane

Thanks, 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 today are Micheal 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'll find a disclaimer related to forward-looking statements. This disclaimer is important 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'll turn it over to Alan Armstrong.

Alan Armstrong

Great. Well, thanks, Danilo, and thanks for joining us today. The story that John and I get to lay out for you this morning is one of consecutive growth as Williams continues to deliver on a long-term trend of per share growth and resilience regardless of the macro environment. In fact, we delivered record second quarter results, driven by the strong performance of our Transmission and Storage business this quarter, even our Gathering and Processing business held up very well despite challenging natural gas prices. The good news is that a meaningful increase in natural gas demand that continues to exceed our expectations will take advantage of these abundant supplies driving growth for years to come, and the supply side is poised to respond with over 1 Bcf a day of volumes from delayed TILs and temporary shut-ins to return to our gathering systems.