Williams Companies Inc. (WMB) Financials
Key financial figures for Williams Companies Inc. (Q2 2026).
Williams posted record Q2 2026 Adjusted EBITDA of $1.921 billion (+6% YoY) and announced a $5.5 billion Momentum Midstream acquisition that lifted 2026 EBITDA guidance to $8.3-8.5 billion. GAAP net income $827 million, or $0.68 per diluted share, up 51% YoY; Adjusted net income $614 million, or $0.50 Adjusted EPS, up 8% YoY. Adjusted EBITDA $1.921 billion, up $113 million (6%) YoY, driven by Transmission and Gulf Coast expansions and higher marketing results. Segment Adjusted EBITDA: Transmission, Power & Gulf $959M (+$56M YoY); Northeast G&P $540M (+$39M YoY); West $359M (+$18M YoY); Gas & NGL Marketing Services -$1M (improved from -$15M YoY). Available Funds from Operations (AFFO) $1.450 billion, up $133 million (10%) YoY; dividend coverage ratio 2.26x on an AFFO basis. On the outlook: Raising 2026 Adjusted EBITDA guidance midpoint by $200 million to $8.4 billion (range $8.3 billion to $8.5 billion), reflecting the pending Momentum Midstream acquisition; 2026 growth capex guidance of $7.3 billion to $7.9 billion. Figures are for Q2 2026, as The Williams Companies, Inc. reported them.
- Revenue
- $3.1B
- Net Income
- $876M
- EPS
- $0.68
- Total Assets
- $60.6B
- Operating Cash Flow
- $1.4B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $3.1B | $827M | $0.68 | 38.72% | -$458M |
| Q1 FY2026 | $3.0B | $865M | $0.71 | 43.6% | $244M |
| Q4 FY2025 | $3.2B | $734M | $0.60 | 40.87% | -$485M |
| Q3 FY2025 | $2.9B | $647M | $0.53 | 37.94% | $485M |
| Q2 FY2025 | $2.8B | $546M | $0.45 | 32.02% | $478M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $11.9B | $2.6B | $2.14 | 36.83% | $1.0B |
| FY2024 | $10.5B | $2.2B | $1.82 | 31.79% | $2.4B |
| FY2023 | $10.9B | $3.2B | $2.60 | 39.53% | $3.4B |
Frequently asked questions
What was The Williams Companies, Inc.'s revenue last quarter?
The Williams Companies, Inc. reported revenue of $3.05 billion for Q2 FY2026, up 10.2% from the same period a year earlier.
Is The Williams Companies, Inc. profitable?
Yes. The Williams Companies, Inc. reported net income of $827.0 million for Q2 FY2026, a net margin of 27.09% on revenue.
How has The Williams Companies, Inc.'s margin trended?
Operating margin was 38.72% in Q2 FY2026, compared with 32.02% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did The Williams Companies, Inc. generate?
The Williams Companies, Inc. generated free cash flow of -$458.0 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Williams Companies Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.