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Williams Companies Earnings Calls
| Release date | May 04, 2026 |
| EPS estimate | $0.634 |
| EPS actual | $0.730 |
| EPS Surprise | 15.14% |
| Revenue estimate | 3.28B |
| Revenue actual | 3.03B |
| Revenue Surprise | -7.62% |
| Release date | Feb 10, 2026 |
| EPS estimate | $0.573 |
| EPS actual | $0.550 |
| EPS Surprise | -4.01% |
| Revenue estimate | 3.018B |
| Revenue actual | 3.198B |
| Revenue Surprise | 5.95% |
| Release date | Nov 03, 2025 |
| EPS estimate | $0.516 |
| EPS actual | $0.490 |
| EPS Surprise | -5.04% |
| Revenue estimate | 2.882B |
| Revenue actual | 2.923B |
| Revenue Surprise | 1.44% |
| Release date | Aug 04, 2025 |
| EPS estimate | $0.480 |
| EPS actual | $0.460 |
| EPS Surprise | -4.25% |
| Revenue estimate | 2.728B |
| Revenue actual | 2.77B |
| Revenue Surprise | 1.55% |
Last 4 Quarters for Williams Companies
Below you can see how WMB performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 04, 2025 |
| Price on release | $60.26 |
| EPS estimate | $0.480 |
| EPS actual | $0.460 |
| EPS surprise | -4.25% |
| Date | Price |
|---|---|
| Jul 29, 2025 | $58.89 |
| Jul 30, 2025 | $59.24 |
| Jul 31, 2025 | $59.95 |
| Aug 01, 2025 | $60.27 |
| Aug 04, 2025 | $60.26 |
| Aug 05, 2025 | $59.00 |
| Aug 06, 2025 | $58.64 |
| Aug 07, 2025 | $57.89 |
| Aug 08, 2025 | $57.89 |
| 4 days before | 2.33% |
| 4 days after | -3.93% |
| On release day | -2.09% |
| Change in period | -1.70% |
| Release date | Nov 03, 2025 |
| Price on release | $59.03 |
| EPS estimate | $0.516 |
| EPS actual | $0.490 |
| EPS surprise | -5.04% |
| Date | Price |
|---|---|
| Oct 28, 2025 | $57.59 |
| Oct 29, 2025 | $56.98 |
| Oct 30, 2025 | $57.62 |
| Oct 31, 2025 | $57.87 |
| Nov 03, 2025 | $59.03 |
| Nov 04, 2025 | $56.51 |
| Nov 05, 2025 | $57.54 |
| Nov 06, 2025 | $57.94 |
| Nov 07, 2025 | $59.58 |
| 4 days before | 2.50% |
| 4 days after | 0.93% |
| On release day | -4.27% |
| Change in period | 3.46% |
| Release date | Feb 10, 2026 |
| Price on release | $68.84 |
| EPS estimate | $0.573 |
| EPS actual | $0.550 |
| EPS surprise | -4.01% |
| Date | Price |
|---|---|
| Feb 04, 2026 | $66.46 |
| Feb 05, 2026 | $67.42 |
| Feb 06, 2026 | $66.92 |
| Feb 09, 2026 | $67.85 |
| Feb 10, 2026 | $68.84 |
| Feb 11, 2026 | $71.12 |
| Feb 12, 2026 | $71.13 |
| Feb 13, 2026 | $72.28 |
| Feb 17, 2026 | $71.96 |
| 4 days before | 3.58% |
| 4 days after | 4.53% |
| On release day | 3.31% |
| Change in period | 8.28% |
| Release date | May 04, 2026 |
| Price on release | $75.41 |
| EPS estimate | $0.634 |
| EPS actual | $0.730 |
| EPS surprise | 15.14% |
| Date | Price |
|---|---|
| Apr 28, 2026 | $73.04 |
| Apr 29, 2026 | $73.32 |
| Apr 30, 2026 | $76.31 |
| May 01, 2026 | $75.54 |
| May 04, 2026 | $75.41 |
| May 05, 2026 | $76.12 |
| May 06, 2026 | $73.76 |
| May 07, 2026 | $72.95 |
| May 08, 2026 | $71.96 |
| 4 days before | 3.24% |
| 4 days after | -4.57% |
| On release day | 0.94% |
| Change in period | -1.48% |
Williams Companies Earnings Call Transcript Summary of Q1 2026
Williams reported a strong start to 2026 with record first-quarter adjusted EBITDA of $2.25 billion (up 13% YoY) and adjusted EPS up 22%. Management highlighted continued execution on key projects (Naughton coal-to-gas conversion placed in service; partial Socrates commissioning; NESE and SESE construction started) and commercialization of three new major projects: Neo (682 MW behind‑the‑meter power innovation, ~12.5‑year contract, ~$2.3B investment, in‑service H2 2028), Atlas (up to 164 MMcf/d pipeline capacity for a data center, in‑service end of 2026), and Silver Spur (90‑mile transmission, 275 MMcf/d into Idaho, first phase of Rockies Columbia Connector, targeted early 2030). Transco Power Express was upsized to 750 MMcf/d for 2030. Management increased 2026 growth CapEx midpoint to $7.3 billion and now expects 2026 EBITDA to land in the upper half of prior guidance. Leverage is expected to rise modestly to about 4.1x in 2026–27 (above the 3.5–4x target) as a timing issue tied to fast-cycle power projects, with management preserving multiple financing options (partners, asset sales, etc.) and expecting deleveraging as projects come online in 2027–28. Williams emphasized a large, growing commercial backlog (data center and pipeline demand), continued Haynesville and storage opportunity engagement, and strategic positioning on LNG (Woodside linkage). Overall message: robust organic growth, heavy project pipeline commercialization and execution, short-term leverage uptick but multiple financing paths and material earnings/ cash‑flow upside as projects ramp.
