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Williams Companies Earnings Calls
| 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% |
| Release date | May 05, 2025 |
| EPS estimate | $0.567 |
| EPS actual | $0.600 |
| EPS Surprise | 5.82% |
| Revenue estimate | 2.942B |
| Revenue actual | 3.048B |
| Revenue Surprise | 3.60% |
| Release date | Feb 12, 2025 |
| EPS estimate | $0.470 |
| EPS actual | $0.470 |
| Revenue estimate | 2.682B |
| Revenue actual | 2.743B |
| Revenue Surprise | 2.27% |
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 | Feb 12, 2025 |
| Price on release | $54.82 |
| EPS estimate | $0.470 |
| EPS actual | $0.470 |
| Date | Price |
|---|---|
| Feb 06, 2025 | $56.01 |
| Feb 07, 2025 | $55.94 |
| Feb 10, 2025 | $56.17 |
| Feb 11, 2025 | $55.24 |
| Feb 12, 2025 | $54.82 |
| Feb 13, 2025 | $57.46 |
| Feb 14, 2025 | $56.98 |
| Feb 18, 2025 | $57.80 |
| Feb 19, 2025 | $58.27 |
| 4 days before | -2.12% |
| 4 days after | 6.29% |
| On release day | 4.82% |
| Change in period | 4.03% |
| Release date | May 05, 2025 |
| Price on release | $60.17 |
| EPS estimate | $0.567 |
| EPS actual | $0.600 |
| EPS surprise | 5.82% |
| Date | Price |
|---|---|
| Apr 29, 2025 | $59.67 |
| Apr 30, 2025 | $58.57 |
| May 01, 2025 | $58.80 |
| May 02, 2025 | $60.00 |
| May 05, 2025 | $60.17 |
| May 06, 2025 | $58.70 |
| May 07, 2025 | $58.94 |
| May 08, 2025 | $57.06 |
| May 09, 2025 | $57.66 |
| 4 days before | 0.84% |
| 4 days after | -4.17% |
| On release day | -2.44% |
| Change in period | -3.37% |
| 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% |
Williams Companies Earnings Call Transcript Summary of Q3 2025
Williams reported strong third-quarter 2025 performance with adjusted EBITDA up 13% year-over-year to $1.92 billion. Key drivers were Transmission, Power & Gulf expansion projects, higher storage renewals, Gulf gathering/production growth (Shenandoah, Whale, Ballymore), and new contributions from Louisiana Energy Gateway and Saber. Management announced strategic portfolio moves: sale of a Haynesville upstream asset to JERA and a strategic partnership with Woodside to build/operate the fully-permitted Line 200 pipeline and take a 10% interest (with 1.5 mtpa offtake) in the Louisiana LNG terminal. These investments are capitalized at ~ $1.9 billion and characterized as fully contracted, long-term (20-year take-or-pay) fee-based returns that align with Williams’ core, fee-oriented infrastructure strategy. Power Innovation backlog grew to ~$5.1 billion in committed capital (target ~5x EBITDA build multiple) with ~6 GW of opportunities; two additional ~ $3.1 billion projects announced to be in service in H1 2027. Full-year 2025 guidance is unchanged: adjusted EBITDA midpoint $7.75 billion (≈9% growth vs. 2024), EPS midpoint $2.10, leverage ~3.7x, and growth CapEx raised to $3.95–4.25 billion to reflect Power Innovation and LNG/wellhead-to-water investments. Management emphasized disciplined capital allocation, strong balance sheet capacity to fund high-return organic projects, and continued focus on fee-based, contracted cash flows.
