Williams Co (WMB)
NYSE:WMB
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.51Last Year’s EPS
0.46Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and commercial momentum—record Q1 adjusted EBITDA ($2.25B, +13%) and EPS (+22%), multiple large project wins (Neo, Atlas, Silver Spur), robust backlog and clear execution milestones—supporting the company’s long-term growth targets. Near-term risks include raised growth CapEx ($7.3B midpoint) that pushed leverage to ~4.1x, a seasonal Q2 EBITDA dip, permitting and litigation risks on certain projects, and the need to finalize financing partners or other capital solutions. Overall, the positives (record results, project commercialization, expanding backlog and confirmed long-term growth trajectory) materially outweigh the near-term financing and execution risks.Company Guidance
Record Q1 Adjusted EBITDA and EPS Growth
Reported record adjusted EBITDA of $2.25 billion in Q1 2026, up 13% year-over-year (from $1.99 billion in Q1 2025). Adjusted earnings per share increased 22% year-over-year.
Broad-Based Segment Strength
Transmission and Gulf businesses improved nearly $150 million (~17%). Transco grew ~10% year-over-year (driven by higher tariff rates and expansions). Deepwater Gulf businesses grew >60%. Natural gas storage EBITDA rose 35%. West segment grew ~$56 million (~16%) led by Haynesville investments. Northeast G&P grew $10 million (~2%).
Commercialization and Major Project Wins
Commercialized three new major projects and upsized a fourth: Neo (682 MW, 12.5-year contract, ~5x build multiple, ~ $2.3 billion expected investment; in‑service H2 2028), Atlas (up to 164 MMcf/d, 13-year term, in‑service by end of 2026, modest capex ~<$50M), and Silver Spur (adds 275 MMcf/d via a 90-mile transmission pipeline; in‑service targeted early 2030). Transco Power Express upsized to 750 MMcf/d scheduled for 2030.
Strong Project Execution and Operational Milestones
Placed Naughton Coal Conversion into service; began construction on NESE and SESE pipeline projects; placed all turbines on foundation at Socrates Plato South; completed construction on first phase of the Aristotle pipeline to serve Ohio power innovation projects.
Robust Backlog and Commercial Momentum
Sanctioned ~700 MMcf/d of new expansion projects in the gathering & processing portfolio in Q1 alone. Management reiterated visibility to achieve the 10%+ earnings CAGR target and noted contracted backlog is growing; John Porter indicated the contracted base growth rate moved to ~9% after recent announcements.
Sequent Marketing and Other Business Highlights
Sequent Marketing delivered $227 million of adjusted EBITDA in Q1 2026, contributing materially to segment results (approximately $72 million YoY increase, with ~$15 million of that related to the Cogentrix acquisition). Management expects to divest the Cogentrix investment later in 2026.
Guidance and Capital Allocation Update
Based on the strong start, management is pointing to the upper half of full-year adjusted EBITDA guidance and reiterated dividend growth and multiple financing options to fund growth, including potential partners for power innovation projects.
WMB Earnings History
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 |
|---|---|---|---|
May 04, 2026 | $75.41 | $76.12 | +0.94% |
Feb 10, 2026 | $67.36 | $68.35 | +1.46% |
Sep 30, 2025 | $62.38 | $62.72 | +0.54% |
Jun 30, 2025 | $61.33 | $57.33 | -6.51% |
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 Aug 10, 2026, After Close (Confirmed).
What is Williams Co (WMB) earnings time?
Williams Co (WMB) earnings time is at Aug 10, 2026, 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 2026 (Q2) is 0.51.