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Data source: Williams Companies.
Williams Companies earnings and cash flow grew during the fourth quarter. That helped push its full-year adjusted EBITDA total to $5.12 billion and enabled it to generate $3.36 billion of DCF. Those results were record levels for the company; they were up nearly 2% from 2019 s level and exceeded the midpoints of its pre-pandemic guidance levels for the year. Williams produced enough cash last year to cover its high-yielding dividend (which it increased 5.3% in 2020) by 1.73 times while ending the year with a lower leverage ratio.
Fueling Williams strong end to a turbulent year was the strength of its northeast gathering and processing (G&P) business unit: