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The Williams Companies (WMB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended June 2026, Williams Companies, Inc. (The) (WMB - Free Report) reported revenue of $3.05 billion, up 9.8% over the same period last year. EPS came in at $0.50, compared to $0.46 in the year-ago quarter.

The reported revenue represents a surprise of -1% over the Zacks Consensus Estimate of $3.08 billion. With the consensus EPS estimate being $0.52, the EPS surprise was -3.85%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how The Williams Companies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Northeast G&P - Gathering volumes: 4.16 Bcf/D compared to the 4.14 Bcf/D average estimate based on two analysts.
  • West - NGL equity sales: 14 millions of barrels of oil versus 7.3 millions of barrels of oil estimated by two analysts on average.
  • West - Gathering volumes: 6.03 Bcf/D versus 6.37 Bcf/D estimated by two analysts on average.
  • Adjusted EBITDA- Other: $64 million versus $56.69 million estimated by three analysts on average.
  • Adjusted EBITDA- Northeast G&P: $540 million versus $518.1 million estimated by three analysts on average.
  • Adjusted EBITDA- Transmission, Power & Gulf: $959 million versus the three-analyst average estimate of $983.96 million.
  • Adjusted EBITDA- Gas & NGL Marketing Services: $-1 million versus $-7.27 million estimated by three analysts on average.
  • Adjusted EBITDA- West: $359 million versus $389.27 million estimated by three analysts on average.
  • Modified EBITDA- Transmission, Power & Gulf: $959 million compared to the $993.94 million average estimate based on two analysts.
  • Modified EBITDA- West: $359 million versus $382.41 million estimated by two analysts on average.
  • Modified EBITDA- Northeast G&P: $540 million compared to the $522.65 million average estimate based on two analysts.

View all Key Company Metrics for The Williams Companies here>>>

Shares of The Williams Companies have returned -2.2% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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