The Williams Companies, Inc., is an American energy company based in Tulsa, Oklahoma. Its core business is natural gas processing and transportation, with additional petroleum and electricity generation assets.
| Revenue (TTM) | $12.68B |
| Gross Profit (TTM) | $7.99B |
| EBITDA | $7.03B |
| Operating Margin | 32.70% |
| Return on Equity | 18.30% |
| Return on Assets | 4.59% |
| Revenue/Share (TTM) | $10.34 |
| Book Value | $12.55 |
| Price-to-Book | 5.12 |
| Price-to-Sales (TTM) | 6.32 |
| EV/Revenue | 9.0 |
| EV/EBITDA | 13.74 |
| Quarterly Earnings Growth (YoY) | 5.90% |
| Quarterly Revenue Growth (YoY) | 12.30% |
| Shares Outstanding | $1.25B |
| Float | $1.24B |
| % Insiders | 0.44% |
| % Institutions | 90.14% |
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In Q3 2026, the portfolio underperformed its benchmark, the MSCI All Country World Index. On a positive note, our stock selection in the health care sector led to significant outperformance relative to those in the benchmark. Numerous portfolio moves were made during the quarter, but our focus remained on our three main investment themes: electrification, financials and aerospace and defense.
Williams' Q3 earnings miss estimates as costs jump 15%, even as revenues and EBITDA rise. Its $5.5B Momentum deal and new pipelines underpin expansion.
Williams expects one or two more power deals by year-end, potentially with longer contracts, as financing, permits and earnings timing draw scrutiny.
The Williams Companies delivered solid Q3 2026 results, with revenue up 10.26% and net income up 8.2% year-over-year. WMB's growth is driven by increased natural gas volumes, new infrastructure projects, and a strategic push into modular gas-fired power generation for data centers. The $5.5B Momentum Midstream acquisition expands WMB's Haynesville Shale footprint, positioning it for further volume and cash flow growth.
Williams Companies NYSE: WMB reported record third-quarter results as the pipeline operator advanced expansion projects, completed its Momentum Midstream acquisition ahead of schedule and prepared to bring the second phase of its Socrates power project online.
The Williams Companies, Inc. ( WMB ) Q3 2026 Earnings Call November 3, 2026 9:30 AM EST Company Participants Caroline Sardella - Director of Investor Relations Chad Zamarin - CEO, President & Director John Porter - Executive VP & CFO Larry Larsen - Executive VP & COO Robert Wingo - Executive Vice President of Corporate Strategic Development Lane Wilson Conference Call Participants Jeremy Tonet - JPMorgan Chase & Co, Research Division Praneeth Satish - Wells Fargo Securities, LLC, Research Division Spiro Dounis - Citigroup Inc., Research Division Elvira Scotto - RBC Capital Markets, Research Division John Mackay - Goldman Sachs Group, Inc., Research Division Julien Dumoulin-Smith - Jefferies LLC, Research Division Robert Catellier - CIBC Capital Markets, Research Division Manav Gupta - UBS Investment Bank, Research Division Jason Gabelman - TD Cowen, Research Division Craig Shere - Tuohy Brothers Investment Research, Inc. Presentation Operator Hello, and welcome to Williams Third Quarter Earnings 2026 Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
The Williams Companies, Inc. delivered a strong Q3, with GAAP net income up 8% and Adjusted EBITDA up 6% year-over-year. WMB is on track to reach the upper half of its 2026 Adjusted EBITDA guidance and targets 11% CAGR through 2030. The Momentum Midstream acquisition and new Transco projects strengthen WMB's position in the fastest-growing natural gas basin.
Williams Companies has handed investors a 30% gain over the past year, fueled by AI power demand that is barely getting started.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for The Williams Companies (WMB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2026.
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