Alan S. Armstrong
joining Great. This Well, above for a just forecast we've us provided that it right our to another I'll was financial guidance was was plan that used thank for here. into get metric you, morning. John, us for slightly predictable you. internal everybody, this quarter very It from our quarter perspective. and the to thanks,
our us years of more thing during However, amount the the tremendous was expansions on that business projects, quarter to planned quarter come. gives was extraordinary about and in contracted for the confidence new the growth progress rate that even
have growth or without to to saying higher the is around in assets dramatic attractive basin We activity come this It to week. also issuing producer corner stretching manner. for clear that capitalize on of more capital obviously the just the continues that Atlantic are on basins very very announced about growth redeploying in we earlier dramatic looking recently second ramp sheet nears gas forward the then a mature allows natural in and demand the has is to life also completion and excited our and growth half Sunrise Northeast been that the in Wyoming to Selling equity. a balance up. at us the opportunities transactions in project year We're as future multiples systems
natural XXXX X% Residential LNG In are are up about growing the very the versus well, sectors as rapidly. in up XXXX. demand time and up period. industrial for up equivalent year-to-date XX% is fact, versus of XXXX. up exports is up all Power to is gas compared XXXX and
now fuel. As a storage price average, result, to yet this the just nearly investment Bcf poised businesses low, of is we of below which have or are inventories XX% take XXX that another advantage pricing clean remains wave in low creating five-year
I'm now Williams. and to we up you financial than and most net to share positioned by the some XX% no global price And quarter-over-quarter quarter-over-quarter over this higher as commodity per share highlights of all, you up the adjusted transmission volumes benefit in growth And I All volumes that growing from keep without throughput of U.S. rapidly taking of with in here production XX%. from risk excited is one income appreciate, are and spells that to income WMB in this think with demand. quick U.S. by better for quarter, up in first
were up net WPZ about the we in On quarter-over-quarter. side, income XX%
So, topics. following to for we're hit call, today's going the
before where the discuss Director think shareholder behind XQ the financial on Vicki Mining Nancy the metrics the Buese. energy welcome Fund most questions. I'll and and benefiting Development and a was proposition success already week that the Nancy to by is and she board New York XQ during Nancy and financial really to and Common our newest recently our on our long-term from publically as the now her focus the on to you as team Fuller, board's the Williams' year-to-date, Nom. Independent other is the Executive tenure CFO board State on to the sector. provide June led and Vicki contributions at board our Retirement the want that her continue update and tremendous driver she leadership strongest Corporation. Her creating Prior The to of all, had Committee currently I appointment X, always that tremendous Newmont Gov. of on President slide director. and directors we outstanding Nancy board well we then, organization years EH&S to X finally the She CFO be management both of key Committee. operations and our in of two leadership Compensation created Vicki leading brings values Committee. the ongoing Management strategic insights and and an on be we highlight recall And and skills value of I in will also over Vicki to I to First WPZ build shareholder there. take investor MPLX, a key is efforts Vice investment maintain And key to financial am for Committee MarkWest, of the follows But Audit excited the highlight on invaluable welcome course, there part we'll crisp for this in value. on appointment serving as serve as move project leadership the earlier our expertise. experience. may what transactions and of announced that expand will major investor as created wealth achievements, their Her base and investments. merger. an We're
basis at primarily operating EPS was in is to slide now and This of a WPZ. at WPZ up net GAAP WMB's move up XXXX. quarter adjustments quarter-over-quarter. all, WMB XX% was adjusted share EBITDA growth per $XX result an second million $X.XX EPS basis to $X.X XX% in of adjusted adjusted income on about also the of of Williams increase the came on over Going certain billion. and quarter delivered income X share versus second up both GAAP items, first on or income non-recurring WMB's in for After and an per at XXXX. strong is
impact modified you operating if adopting quarter most of was this This adjust X%. up you see for As the above accounting the recognition, plant in impacted capacity hedges, both from NGL in were impact Echo by in which and margins as increases was but industry of and cases, the by whole about significant impacted can standards takeaway a but $X being our of plan, new get adjusted In both financials ready business for new plants these well Bay limited were our several volumes the for and liquid-rich as strong on outages, sale our little the our slide, Springs about both us EBITDA Wyoming. for for very the stats million. notably quarterly NGL extremely revenue was quarter, olefins gas. to the streams NGL plant by Mobile were
in in we our So, for going well as yet on, a that in new Gulf, in rich come including there, stream the of rich and near Norphlet getting a gas and of to influx work systems gas Wyoming new of very the and Eastern area large large for all opportunities in that coming to being very that are with work the that readies a very area. completed of lot on very also ready our field lot lot a Wamsutter of
in and safe teams job these So, a a efforts well-planned executing in manner. great our by
of for the amount second been The the was cost significant on going impact a accelerated work customers, into that's of of with while to this pipeline half construction to the shifted work expansion, second advantage integrity interruptions. timing on of outages maintenance first half XXXX associated Transco project the also work from and the reducing of was work timing half revenue planned system. that minimizes future This maintenance quarter. along We the take our
case. of maintenance on CapEx recover investment we was quarter via increase capital fully the Transco's most expect in Additionally, the this during and to Transco also rate
our Year-to-date quarter comparison on down gain to for absence WMB. net move slide is in year-to-date at X a first GAAP asset affected results. both sales for of and the income XXXX both the on large results this basis and The look and entities. WPZ of a on Let's
Moving was adjust of recognition, accounting about adjusted an first plan you attributable standards that to XX% of the our our business ahead see can impressive guidance. per revenue WMB's our up of for half to EBITDA for XXXX the quarter create items if new results, asset mentioned and sales the non-recurring I used the which up And and you on income or the for non-GAAP on XXXX earlier, business was of X%. EBITDA $X.XXX impact million as again was $XX adopting was this WMB for share adjusted adjusted half gain first slightly over WMB's to slide, our olefins normalizes like our sale billion, on
in you'll where X, projects slide to of on accomplishments are a move let's and that several now So, see list progress.
of as X, achievements. quarter can you results our a featured Here see, contributions number second recent slide on from
placed all, Garden the of X during the First team in State project Transco March. service of Phase
Our inlet than customer second XXXX in our the Ohio Valley XXXX. our in Northeast, grow where volumes looking more processing up quarter continued Midstream to were gas versus at processing XX% in the of activity of same complex period
of listed In here approximately up the Jackalope per per System an Trail on filed contracted meet feet Our gas combined and expansion project, growing gas growth by up we There that cubic processing basis. we Bucking Atlantic projects, XXX by day up volumes for in exciting basin. just the Transco's basis. announced will in a was on West saw demand a million fully application this to under-served day processing basis cubic day XX% including XXX increase our customer feet cubic gathering Haynesville revenues River Powder are various quarter-over-quarter to associated cubic certificate April. expansion our in updates good year-to-date XXX Horse natural million $XXX Gathering the feet its year-to-date in Basin year-to-date or Gas million projects. XXXX capacity feet several and and end up XXX which million day again, our by FERC a per gathering the Wyoming, the by volumes were Southeastern driven were per facility on the Led this on transportation Gulf, And million
Analyst serve million now We growing system supporting G&P Northeast that Day. Wamsutter highlighted day. field projects, cubic which in expected was contracted. construction are on achieved major We've on activities key and by our another at about also executed feet expansion production begun have Southland's Gathering expansion in which increase system expansions to capacity fast agreements of final We milestones Northeast recently to were Pennsylvania, per Processing XXX the
that So, the also Grove another have we top major Susquehanna one just West part another here at Supply Oak our expand in on of and The systems effects just underway dramatically supply up the expansion we'll this now and contracted of our are compressor that key newly fully also we system processing first the as this year to begin is expansion additions connected area of complete is completed allow facility which show Virginia, beginning Hub facilities of gathering gas in flowing. pads at these to well. we as that on
we rates the production this seeing new show really with XXXX. fruits mention that pads to their we're into in begin later the of that are just some too but of to will here, teams now number and of way the labor projects on. some the year we're of that managing So, Northeast The are numerous impressed our from are turning
stakeholders our for feet and finish top, completion our religious and with planning, thing, a are month and cubic issues, labor tell compliance last their targeting area that of and full their orders, am perspective. towards we the levels market the system. going listening environmental the the our patience I Atlantic professionalism communities impacts truly line diligence, in flooding completion our thoughtful the at regulators mentioned we key As this and to dealt and allows. They are as still of Sunrise an pause both expansion in regulatory while been from record skilled tremendous this for one teams doing integrity. minute nearing with X.X on of in Transco I'm billion near right proud a very major here very a you and bring focus on to perspective order And efforts weather day safety project. end how project in per tight and in-service rainfall to just on have very it are project this the They tough pouring of of have distinguishing battling as the we engineering the over on careful are week, is important we
transactions announced and two strategic move So, let's talk this to on about week. slide the X
remarkably predictable, that our I'm on become a for Our we transactions way assets years pleased to maintains execution we come. hard project of platform ongoing week. many this our announced but working manage have big and the our with to business growth execution has for in really also two been portfolio earlier
Williams, subject to of as adjustments. KKR our joint and all, the billion, the for closing price venture partner, acquisition First conditions $X.XXX Discovery purchase DJ of with along announced Services customary
Our processing dedication. total end contribution that for that is cubic under the of capacity, of for which to acres purchase DJ XX% the another day by greater these total of be per feet and of or day X responsible be required are price a service Basin. XXX,XXX initial is this way, is million that processing price to than million Bcf assets in service The $XXX Williams the XXX the purchase in is and underway very gas permitting already attractive gas assets said feature a the expected of of approximately operator of will year
opportunities In gathering the generate West NGL with existing value including attractive segment, in these just by from addition our processing, also see to expects in additional downstream assets our assets. production our and Williams growth we footprint integrating to
better Williams' get and a We growth EBITDA course times that's occurs. the required ramp based the and transaction forecast X XXXX on The to multiple of the will well to the on growth times multiple X growth and to expect that XXXX inclusive the asset represent CapEx continue of beyond should that even using as Discovery investment
seems competitive synergies applied market an XX% investment. a this higher is of being take typically can multiple realize we than a would when that but this we allow, unique Now example downstream upstream to
that have another really like lot applied multiple. large work with sale synergies for a affiliate we private footprint much drives being really synergies, said of has proceeds cash what investment and in Company. great us asset the U.S. across So, been strategy Four to our to you way, are available they develop our Harvest The XX% and but from Company, billion the of those the kind We of a are upstream an announced the working and lot to that team tell cash Concurrently, a $X.XXX of to Energy Midstream would dollars scale from we we Corners XXX% Hilcorp Four these in is transaction expenditure enjoying of investment hard help growth of those part of this been take that I of dating advantage fund to will where we Corners opportunities that an portion and leverage has in Area our its Discovery back Williams important extensive the a capital XXXX. portfolio. The acquisition higher-than-market
value a with a achieve cost. into improved to basin basins, Area along the optimizes in new However, in are redeploy pressure to able Midstream testament adjacent employees Harvest pricing integrates for from of the and to EBITDA natural operation ideally midstream past as model gas like opportunities consolidates that with believe grown positioned is XX on that demand that a upstream years. have production and Permian, lowers high-quality are proceeds this XX.X, for and Hilcorp on way and throughput that Williams' assets maintained Four we Williams the receiving Corners while multiple the integration the growth. This We
XXXX a the both discuss After from several Discovery of revised look update. updates, Discovery on of Corners slide Area now, our expansions the inclusion divestiture Services well the consideration account May of our of expenditure. are forecast Northeast segment. XXXX and guidance remains Day XX, projects and the has other the figure planned DJ of system Four capital expansion the XXXX other the at for let's to So, included. In the Analyst various the purchase in of for effects CapEx Growth except unchanged as the and CapEx current XXXX, guidance next and the for Niobrara the purchase our as been growth G&P our and
any or due important debt follow-on up is beyond Discovery fully to flow the that While Four additional Corners other initial needs deal, DJ our allows us those projects. without to Discovery finance increasing its CapEx finance investment issuing we've cash to generated transaction equity and the CapEx to note and it's growth the
the this swift synergies downstream of capital is into shown active deployment transaction focused our shareholder metric Harvest this of of driving on opportunities returning drive page, and while doesn't on advantage portfolio So, that example the management. a through terrific higher we're how take value
WPZ. on entity, a the provide investment key entity the Now, unique low rights investment After fee-for-service companies. XXX we'll highly scale look following shareholders simplified cash natural have look large gas The shareholder closes, WMB-WPZ capitalization. We liquid with predictable rollup for here and slide benefits at and at structure focused will amongst market C-Corp org a flows. associated more merger let's growth post-merger of X. is impressive the the much and opportunities, with highly significant S&P Williams Williams' volatility certainly a
Our dividend on shareholders. and adjusted advantages in when to for adjusted yield, EBITDA companies deliver improving fares and ROCE growth. yield XXX significant compared our extremely focus growth Williams EPS, S&P strong will growth with along attractive dividend well dividend other
exceed In Williams be hard unique measures. these so find whose key pressed consensus S&P that fact, meet to outlook another is company Williams' for estimates or you'd
going move X here up. to slide on to wrap to Now, we're
this we as here really up slide a wrap position. X presentation So, Williams' attractive and summation the good to questions, provides prepare take of
expectation for with Our financial results our meeting continuing businesses. results solid are
to up There's future income visibility are net Importantly, also growth. quarter-over-quarter. both substantially and adjusted clear EPS
Atlantic for project. approaching are advantaged assets date and our We leveraging expected Sunrise in-service the
growth the our of proceeds opportunities investment accelerate high-return into Corners also Area XXXX to from at Northeast and sale the expect portfolio of of Four invest end and business. we to opportunities grow attractive continue The XXXX. great to plenty growth have volume the gaining We is West
Tulsa XXXX, the in vote. WMB the on held July X, reminder, haven't be Partners is at of Williams Williams' to morning, and XX:XX to on Finally, I X August Time, proposed stockholder headquarters. at the as stockholders voted our so. WPZ meeting of Williams merger would those and close as of on Williams track business our The of please to merger vote entitled special do to a Central are who and on AM yet record will remind
that vote when sector growth, broad structure, flow uniquely any credit almost to positioning of across to Assuming investment-grade opportunities Williams contribute investment simplified merger to a is attractive or successful cash completed, equity all compared growth opportunity ratings, and as Williams fund a investments. the universe available the
we you So, today with for time thank that, operator, take our very first and much your let's question.
