Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>The Williams Companies discussed its Q1 2024 results, underscoring a robust quarter with notable operational, financial, and strategic achievements.</li><li>The company reported a noteworthy 8% year-over-year increase in EBITDA to $1.934 billion, despite challenges such as a 25% decline in natural gas prices and milder winter weather.</li><li>This performance illustrates the strength and resilience of The Williams Companies' core business, independent of the fluctuating commodity price environment.</li></ul>

The Williams Companies discussed its Q1 2024 results, underscoring a robust quarter with notable operational, financial, and strategic achievements.The company reported a noteworthy 8% year-over-year increase in EBITDA to $1.934 billion, despite challenges such as a 25% decline in natural gas prices and milder winter weather.This performance illustrates the strength and resilience of The Williams Companies' core business, independent of the fluctuating commodity price environment.

The Williams Companies Inc.: How Will The Deepwater Growth Projects Impact Their Future Revenues? - Major Drivers

<ul><li>The Williams Companies has reported strong performance in the third quarter of 2023 with significant advances in operational execution, project completion, and positive expansion achievements.</li><li>In an environment of low gas prices compared to the third quarter of 2022, the company saw an impressive uptick in several areas.</li><li>The first half of Transco's Regional Energy Access project, which will increase natural gas transportation from the northeast part of the Marcellus Shale to markets in Pennsylvania, New Jersey, and Maryland, has been completed, and the second half is slated for completion in the last quarter of 2024.</li></ul>

The Williams Companies has reported strong performance in the third quarter of 2023 with significant advances in operational execution, project completion, and positive expansion achievements.In an environment of low gas prices compared to the third quarter of 2022, the company saw an impressive uptick in several areas.The first half of Transco's Regional Energy Access project, which will increase natural gas transportation from the northeast part of the Marcellus Shale to markets in Pennsylvania, New Jersey, and Maryland, has been completed, and the second half is slated for completion in the last quarter of 2024.

The Williams Companies Inc.: 6 Major Growth Drivers For Their Performance In 2024 & Beyond! - Major Drivers

<ul><li>The Williams Companies, Inc. delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus in terms of earnings.</li><li>While facing a tougher year-over-year comparison due to favorable commodity prices in the previous year, the total adjusted EBITDA, along with the 6% growth in the base business, demonstrated the company's resilience and strength.</li><li>Despite challenges such as lower natural gas prices impacting revenues, Williams' core business segments demonstrated notable growth.</li></ul>

The Williams Companies, Inc. delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus in terms of earnings.While facing a tougher year-over-year comparison due to favorable commodity prices in the previous year, the total adjusted EBITDA, along with the 6% growth in the base business, demonstrated the company's resilience and strength.Despite challenges such as lower natural gas prices impacting revenues, Williams' core business segments demonstrated notable growth.

The Williams Companies: How They're Thriving Despite Revenue Challenges! - Major Drivers

<ul><li>The Williams Companies delivered mixed results for the previous quarter, with revenues below the analyst consensus.</li><li>Starting with adjusted, the company experienced another solid quarterly growth, which aligns with a 5-year CAGR of 8.6% for the same metric.</li><li>The company's adjusted EPS for the second quarter also increased, continuing the long history of robust EPS growth, with year-to-date EPS currently up by 23%.</li></ul>

The Williams Companies delivered mixed results for the previous quarter, with revenues below the analyst consensus.Starting with adjusted, the company experienced another solid quarterly growth, which aligns with a 5-year CAGR of 8.6% for the same metric.The company's adjusted EPS for the second quarter also increased, continuing the long history of robust EPS growth, with year-to-date EPS currently up by 23%.

The Williams Companies Inc.: Does It Have A Sustainable Competitive Advantage? - Key Drivers

Credit

<ul><li>Williams reported a solid quarter and managed an all-around beat driven by strong performance across its core businesses and JV upstream operations.</li><li>Although operating and maintenance expenditures increased, primarily due to more frequent maintenance tasks, the company is still on track to meet its goals.</li><li>This is an important step towards expanding the company's core regulated utility business.</li></ul>

Williams reported a solid quarter and managed an all-around beat driven by strong performance across its core businesses and JV upstream operations.Although operating and maintenance expenditures increased, primarily due to more frequent maintenance tasks, the company is still on track to meet its goals.This is an important step towards expanding the company's core regulated utility business.

The Williams Companies Inc.: Major Drivers

United States

Phillips 66 is a downstream energy company.  The Company's operations include oil refining, marketing and transportation.  Phillips 66's operations also include chemical manufacturing and power generation.

Marathon Petroleum Corporation refines, transports, and markets petroleum products. The Company sells its products to resellers and consumers in the mid-west, gulf coast, and southeast United States.

Pioneer Natural Resources Company is an independent oil and gas exploration and production company. The Company engages in onshore oil and gas drilling, exploration and production in the United States.

Diamondback Energy Inc is an independent oil and natural gas company currently focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

EOG Resources, Inc. explores for, develops, produces and markets natural gas and crude oil. The Company operates in major producing basins in the United States, Canada, Trinidad, the United Kingdom North Sea, China and, from time to time, select other international areas.

Valero Energy Corporation is an independent petroleum refining and marketing company that owns and operates refineries in the United States, Canada, and Aruba.  The Company produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products as well as diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates.

Hess Corporation is a global independent energy company engaged in the exploration and production of crude oil and natural gas.

Kinder Morgan, Inc. of Delaware operates as a pipeline transportation and energy storage company. The Company owns and operates pipelines that transport natural gas, gasoline, crude oil, carbon dioxide, and other products, as well as terminals that store petroleum products and chemicals and handle bulk materials like coal and petroleum coke.

Cheniere Energy, Inc. is an energy company focused on LNG-related businesses. The Company owns and operates liquefied natural gas (LNG) receiving terminals and liquefied natural gas (LNG) pipelines. Cheniere Energy manages and operates projects in Louisiana and Texas.

Occidental Petroleum Corporation explores for, develops, produces, and markets crude oil and natural gas.  The Company also manufactures and markets a variety of basic chemicals, vinyls and performance chemicals. Occidental also gathers, treats, processes, transports, stores, trades and markets crude oil, natural gas, NGLs, condensate and carbon dioxide (CO2) and generates and markets power.

China Petroleum & Chemical Corporation produces and trades petroleum and petrochemical products. The Company offers gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, synthetic rubber, synthetic resins, and chemical fertilizers. China Petroleum & Chemical markets its products throughout China.

Oil and Natural Gas Corporation Limited specializes in the exploration and production of crude oil and gas. The Company has joint ventures in oil fields in Vietnam, Norway, Egypt, Tunisia, Iran and Australia. The Group's other activities include deep sea explorations on the east and west coasts of India, and the exploration of coal bed methane.

Bayan Resources Tbk PT is a coal producer.  The Company extracts thermal c oal from surface open cut mines.

Coal India Limited produces and markets coal and coal products, as well as provides related consulting services.

Shaanxi Coal Industry Company Limited produces, sells and transports coal. The Company offers coal used by the power, chemical, and metallurgical industries.

Equinor ASA operates as an energy company. The Company develops oil, gas, wind, and solar energy projects, as well as focuses on offshore operations and exploration services. Equinor serves customers worldwide.

Eni SpA explores for and produces hydrocarbons in Italy, Africa, the North Sea, the Gulf of Mexico, Kazakhstan, and Australia. The Company both produces natural gas and imports it for sale in Italy and elsewhere in Europe. Eni transports natural gas in pipelines. The Company generates and trades electricity, refines oil, and operates gasoline service stations.

Petroleo Brasileiro S.A. - Petrobras explores for and produces oil and natural gas.  The Company refines, markets, and supplies oil products.  Petrobras operates oil tankers, distribution pipelines, marine, river and lake terminals, thermal power plants, fertilizer plants, and petrochemical units.  The Company operates in South America and elsewhere around the world.

TC Energy Corporation operates as an energy infrastructure company. The Company develops, constructs, and manages, oil and liquids, natural gas, and energy infrastructure projects. TC Energy serves customers in North America.

NovaTek PJSC produces and distributes natural gas. The Company explores, processes, transports, and markets natural gas and liquid hydrocarbons. NovaTek offers hydrocarbon reserves development, geological exploration, and gas condensate processing services.

The Williams Companies, Inc. is an energy infrastructure company focused on connecting North America's hydrocarbon resource plays to growing markets for natural gas, natural gas liquids (NGLs) and olefins. The Company owns and operates midstream gathering and processing assets, and interstate natural gas pipelines.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Williams Cos (WMB US)

The Williams Companies Inc.: How Will The Deepwater Growth Projects Impact Their Future Revenues? - Major Drivers

The Williams Companies discussed its Q1 2024 results, underscoring a robust quarter with notable operational, financial, and strategic...

Baptista Research

The Williams Companies Inc.: 6 Major Growth Drivers For Their Performance In 2024 & Beyond! - Major Drivers

The Williams Companies has reported strong performance in the third quarter of 2023 with significant advances in operational execution, project...

Baptista Research

The Williams Companies: How They're Thriving Despite Revenue Challenges! - Major Drivers

The Williams Companies, Inc. delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass...

Baptista Research

The Williams Companies Inc.: Does It Have A Sustainable Competitive Advantage? - Key Drivers

The Williams Companies delivered mixed results for the previous quarter, with revenues below the analyst consensus. Starting with adjusted, the...

Baptista Research

The Williams Companies Inc.: Major Drivers

Williams reported a solid quarter and managed an all-around beat driven by strong performance across its core businesses and JV upstream...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)