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 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

<ul><li>The Williams Companies delivered a solid result in the second quarter surpassing Wall Street expectations on all counts.</li><li>With 14% growth, the second quarter continued the year's promising start, reflecting both the success of the company's core business and the potential gains from its upstream joint ventures.</li><li>Increased maintenance work during the current year's second quarter contributed to greater operating and maintenance expenditures.</li></ul>

The Williams Companies delivered a solid result in the second quarter surpassing Wall Street expectations on all counts.With 14% growth, the second quarter continued the year's promising start, reflecting both the success of the company's core business and the potential gains from its upstream joint ventures.Increased maintenance work during the current year's second quarter contributed to greater operating and maintenance expenditures.

The Williams Companies Inc: The NorTex Midstream Acquisition & Other Drivers

United States

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.

Williams Cos (WMB US)

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

The Williams Companies Inc: The NorTex Midstream Acquisition & Other Drivers

The Williams Companies delivered a solid result in the second quarter surpassing Wall Street expectations on all counts. With 14% growth, the...

Baptista Research