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Williams Companies, Inc. (WMB) stock

WMBNYSENatural Gas TransmissionFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026Score 8/3047% above fair value
$74.35−0.53 (-0.71%)

Close on Oct 30, 2026Market cap $90.94BP/E 29.6Yield 2.69%

Earnings

Williams Companies's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Nov 2, 2026
Q3 FY2026 · estimated, after the close
Revenue, Q2 FY2026
$3.05B
+9.8% on a year earlier
Adjusted earnings per share, Q2 FY2026
$0.50
$0.46 a year earlier
Latest guidance
Raised
Aug 3, 2026 · 7 items

Quarterly results

Revenue and earnings per share from each of Williams Companies's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q3 FY2026ended Sep 30, 2026Nov 2, 2026Expected–––––
Q2 FY2026ended Jun 30, 2026Aug 3, 2026after the close$3.05B+9.8%$0.68$0.50Release
Q1 FY2026ended Mar 31, 2026May 4, 2026after the close$3.03B-0.6%$0.70$0.73Release
Q4 FY2025ended Dec 31, 2025Feb 10, 2026before the open––$0.60$0.55Release
Q3 FY2025ended Sep 30, 2025Nov 3, 2025after the close$2.92B+10.2%$0.53$0.49Release
Q2 FY2025ended Jun 30, 2025Aug 4, 2025after the close$2.78B+19.0%$0.45$0.46Release
Q1 FY2025ended Mar 31, 2025May 5, 2025after the close$3.05B+10.0%$0.56$0.60Release
Q4 FY2024ended Dec 31, 2024Feb 12, 2025after the close––$0.40$0.47Release
Q3 FY2024ended Sep 30, 2024Nov 6, 2024after the close$2.65B+3.7%$0.58$0.43Release
Q2 FY2024ended Jun 30, 2024Aug 5, 2024after the close$2.34B-5.9%$0.33$0.43Release
Q1 FY2024ended Mar 31, 2024May 6, 2024after the close$2.77B-10.1%$0.52$0.59Release
Q4 FY2023ended Dec 31, 2023Feb 14, 2024before the open––$0.94$0.48Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Williams Companies's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Adjusted EBITDAnon-GAAPFY2026$8.30B – $8.50B$8.05B – $8.35BRaisedAug 3, 2026
Adjusted income from continuing operations - diluted earnings per common sharenon-GAAPFY2026$2.35$2.20 – $2.38NarrowedAug 3, 2026
Available funds from operations (AFFO)non-GAAPFY2026$6.09B – $6.32B–NewMay 4, 2026
growth capexFY2026$7.30B – $7.90B$7.00B – $7.60BRaisedAug 3, 2026
AFFO per common sharenon-GAAPFY2026$5.15$4.95 – $5.14RaisedAug 3, 2026
Available funds from operations (AFFO)non-GAAPFY2026$6.38B$6.09B – $6.32BRaisedAug 3, 2026
Coverage Ratio (AFFO/Common dividends paid)non-GAAPFY20262.47–NewAug 3, 2026
leverage ratio midpointFY20263.75–NewAug 3, 2026
Net income (loss) from continuing operationsGAAPFY2026$3.01B – $3.24B$3.01B – $3.24BReaffirmedMay 4, 2026

Guidance vs results

The last range Williams Companies gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
FY2025Adjusted income from continuing operations - diluted earnings per common share$2.01 – $2.19$2.10Σ4QWithin range

Guidance history

Every forecast Williams Companies put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Aug 3, 2026growth capexFY2026$7.30B – $7.90BRaised
Aug 3, 2026Adjusted EBITDAFY2026$8.30B – $8.50BRaised
Aug 3, 2026Adjusted income from continuing operations - diluted earnings per common shareFY2026$2.35Narrowed
Aug 3, 2026leverage ratio midpointFY20263.75New
Aug 3, 2026Coverage Ratio (AFFO/Common dividends paid)FY20262.47New
Aug 3, 2026Available funds from operations (AFFO)FY2026$6.38BRaised
Aug 3, 2026AFFO per common shareFY2026$5.15Raised
May 4, 2026growth capexFY2026$7.00B – $7.60BRaised
May 4, 2026maintenance capexFY2026$850.00M – $950.00MLowered
May 4, 2026Adjusted EBITDAFY2026$8.05B – $8.35BReaffirmed
May 4, 2026Adjusted income from continuing operations - diluted earnings per common shareFY2026$2.20 – $2.38Reaffirmed
May 4, 2026Available funds from operations (AFFO)FY2026$6.09B – $6.32BNew
May 4, 2026Net income (loss) from continuing operationsFY2026$3.01B – $3.24BReaffirmed
Feb 10, 2026growth capexFY2026$6.10B – $6.70BNew
Feb 10, 2026maintenance capexFY2026$850.00M – $950.00MLowered
Feb 10, 2026Adjusted EBITDAFY2026$8.05B – $8.35BNew
Feb 10, 2026Adjusted income from continuing operations - diluted earnings per common shareFY2026$2.20 – $2.38New
Feb 10, 2026Net income (loss) from continuing operationsFY2026$3.01B – $3.24BNew
Feb 10, 2026Available funds from operations (AFFO)FY2026$6.09B – $6.32BNew
Feb 10, 2026AFFO per common shareFY2026$4.95 – $5.14New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Williams Companies filed with the SEC as exhibits to Form 8-K or 6-K

  1. Williams Prices $2.75 Billion of Senior Notes
    Update
  2. DATE: Monday, Aug. 3 , 2026
    Results
  3. DATE: Monday, July 13, 2026
    Update
  4. 8-K exhibit EX-99.2
    Update
  5. DATE: Wednesday, July 1, 2026
    Update
  6. DATE: Monday, May 4 , 2026
    Results
  7. DATE: Tuesday, Feb. 10 , 2026
    Results
  8. Williams Prices $2.75 Billion of Senior Notes
    Update
  9. DATE: Monday, Nov. 3 , 2025
    Results
  10. DATE: Monday, Aug. 4 , 2025
    Results
  11. Williams Prices $1.5 Billion of Senior Notes
    Update
  12. DATE: Monday, May 5, 2025
    Update
  13. DATE: Monday, May 5 , 2025
    Results
  14. DATE: Thursday, April 24, 2025
    Update
  15. DATE: Thursday, March 13 , 2025
    Update