Energy
Oil & Gas Midstream
$63.40B
5.6K
Key insights and themes extracted from this filing
Service revenues increased by $89 million YoY in Q2 2024, primarily due to recent acquisitions. However, total revenues decreased by $147 million YoY, indicating weakness in other revenue streams.
Net income attributable to The Williams Companies, Inc. decreased by $59 million YoY in Q2 2024 and $354 million YoY for the six months ended June 30, 2024, reflecting a significant decline in profitability.
Operating income decreased by $174 million YoY in Q2 2024, demonstrating that increased revenues are not translating into improved profitability. This suggests rising costs or other operational challenges.