The earnings call highlighted strong performance across key projects and financial metrics, including record natural gas demand and increased guidance for 2025. While there are challenges such as steel tariffs and rate case negotiations, the positive developments and strategic focus support a strong growth outlook.

Company Guidance -

Q3 2025

During The Williams Companies' second quarter 2025 earnings call, the company provided updated guidance, raising its 2025 adjusted EBITDA guidance midpoint by $50 million to $7.75 billion, reflecting a cumulative $350 million increase since the original guidance was set in 2024. This adjustment underscores a projected 9% annual growth rate in EBITDA from 2020 through 2025. The company highlighted several projects contributing to this growth, including the completion of six major projects such as Transco's Southeast Energy Connector and the Texas to Louisiana Energy Pathway. The Louisiana Energy Gateway and Haynesville West projects also came online, enhancing reliability and delivery capacity. Additionally, the company is advancing the Transco Southeast Supply Enhancement (SSE) project, which is expected to be the largest earnings contributor in the company's history. Williams is also working on the Socrate's power innovation project, with expectations to bring it into service by 2026. Furthermore, the company finalized commercial agreements for Transco's Northeast Supply Enhancement project, marking a significant step toward increasing energy reliability and affordability in New York City.

Record-Breaking Natural Gas Demand

Williams set an all-time record for summer natural gas demand on Transco, delivering 16.1 Bcf on July 29, 2025. Notably, 9 of the 10 highest peak summer days occurred this summer, despite it being 4.2% cooler than last year.

Major Project Milestones Achieved

Six major projects were placed into service, including the Transco Southeast Energy Connector in Alabama and the Texas to Louisiana Energy Pathway project, enhancing the company's infrastructure and capacity.

Adjusted EBITDA Guidance Increase

Williams increased its 2025 adjusted EBITDA guidance midpoint by $50 million to $7.75 billion, representing a 9% annual growth rate from 2020 to 2025.

Successful Leadership Transition

Rob Wingo was successfully integrated into the leadership team, maintaining a smooth transition and continued strategic focus.

Strong Financial Performance

Adjusted EBITDA for Q2 2025 was up 8% over Q2 2024, with significant contributions from the transmission and Gulf business, Northeast G&P, and the West.

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 Companies (WMB) report earnings?

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

What is Williams Companies (WMB) earnings time?

Williams Companies (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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