Williams reports Q1 EPS 73c, consensus 62c

Reports Q1 revenue $3.03B, consensus $3.27B. Chad Zamarin, president and chief executive officer, made the following comments: “Williams (WMB) delivered a strong first quarter, supported by the ongoing success of our natural gas-focused strategy and the performance of our premier assets. First-quarter GAAP net income increased 25% year-over-year to $864 million, and Adjusted EBITDA grew 13% year-over-year to $2.254 billion – driven by Transco’s expansion projects, new Gulf volumes, higher storage revenues and higher gathering volumes in the West.”