The earnings call highlighted strong operational performance and financial growth, with major projects completed on time and new records set for demand. Despite some challenges related to regulatory settlements and cost management, the company's forward guidance and strategic positioning appear robust.

Company Guidance

During the Williams Second Quarter 2025 Earnings Conference Call, the company announced several key metrics and updates. Williams reported an adjusted EBITDA of $1.808 billion for Q2 2025, reflecting an 8% increase from Q2 2024. They also revised their 2025 adjusted EBITDA guidance midpoint upward by $50 million to $7.75 billion, marking a cumulative $350 million increase since their original 2025 guidance. The expected five-year EBITDA annual growth rate is projected at 9%. The company highlighted the successful completion and service placement of six major projects, including Transco’s Southeast Energy Connector and the Texas to Louisiana Energy Pathway. Additionally, Williams set a record for summer demand on Transco, delivering 16.1 Bcf of natural gas on July 29. They also announced the acceleration of the Transco's Southeast Supply Enhancement (SSE) project timeline, which is the largest in the company's history from an earnings perspective. Furthermore, Williams increased their 2025 AFFO per share guidance, driven by higher expected adjusted EBITDA and a reduction in current income taxes by about $100 million.

Record-Breaking Summer Demand on Transco

Set an all-time record for summer demand on Transco, delivering a record-breaking 16.1 Bcf of natural gas on July 29, 2025, with 9 of the 10 highest peak summer days occurring this summer.

Major Project Completions

Completed 6 major projects, including Transco's Southeast Energy Connector and Texas to Louisiana Energy Pathway. Successfully expanded Gulf East system and completed Louisiana Energy Gateway and Haynesville West projects.

Financial Performance and Guidance Increase

Increased 2025 adjusted EBITDA guidance midpoint by $50 million to $7.75 billion, representing a cumulative $350 million raise since original guidance. EBITDA grew at a 9% CAGR from 2020 to 2025.

Sustainability and Growth in Deepwater Operations

Completed Shenandoah and Whale projects in Deepwater, contributing to strong growth. Published 2024 sustainability report highlighting progress in stewardship and governance.

Williams Co (WMB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WMB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2025 (Q3)	0.52 / -	0.43	―	―	―
Jun 30, 2025	2025 (Q2)	0.48 / 0.46	0.43	6.98% (+0.03)	―	―
May 05, 2025	2025 (Q1)	0.57 / 0.60	0.59	1.69% (+0.01)
Feb 12, 2025	2024 (Q4)	0.46 / 0.47	0.48	-2.08% (-0.01)
Nov 06, 2024	2024 (Q3)	0.42 / 0.43	0.45	-4.44% (-0.02)
Aug 05, 2024	2024 (Q2)	0.38 / 0.43	0.42	2.38% (+0.01)
May 06, 2024	2024 (Q1)	0.49 / 0.59	0.56	5.36% (+0.03)
Feb 14, 2024	2023 (Q4)	0.45 / 0.48	0.53	-9.43% (-0.05)
Nov 01, 2023	2023 (Q3)	0.41 / 0.45	0.48	-6.25% (-0.03)
Aug 02, 2023	2023 (Q2)	0.39 / 0.42	0.4	5.00% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WMB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 30, 2025	$62.81	$58.72	-6.51%
May 05, 2025	$59.67	$58.21	-2.45%
Feb 12, 2025	$54.29	$53.88	-0.76%
Nov 06, 2024	$53.91	$54.02	+0.20%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Williams Co (WMB) report earnings?

Williams Co (WMB) is schdueled to report earning on Nov 03, 2025, After Close (Confirmed).

What is Williams Co (WMB) earnings time?

Williams Co (WMB) earnings time is at Nov 03, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is WMB EPS forecast?

WMB EPS forecast for the fiscal quarter 2025 (Q3) is 0.52.

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