
Conservative capital spending by upstream players is adding uncertainty to the Zacks Oil and Gas - Production and Pipelines industry's outlook. KMI, WMB and MPLX are surviving the industry challenges.
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) | $12.32B |
| Gross Profit (TTM) | $7.84B |
| EBITDA | $7.03B |
| Operating Margin | 39.50% |
| Return on Equity | 21.50% |
| Return on Assets | 5.03% |
| Revenue/Share (TTM) | $10.08 |
| Book Value | $10.76 |
| Price-to-Book | 6.99 |
| Price-to-Sales (TTM) | 7.29 |
| EV/Revenue | 10.05 |
| EV/EBITDA | 15.21 |
| Quarterly Earnings Growth (YoY) | 51.20% |
| Quarterly Revenue Growth (YoY) | 7.80% |
| Shares Outstanding | $1.22B |
| Float | $1.22B |
| % Insiders | 0.45% |
| % Institutions | 91.44% |
Volatility is currently expanding

Conservative capital spending by upstream players is adding uncertainty to the Zacks Oil and Gas - Production and Pipelines industry's outlook. KMI, WMB and MPLX are surviving the industry challenges.

Williams' $5.5B Momentum deal deepens Haynesville exposure, adds contracted projects and supports its >11% annual growth target through 2030.

WMB's Q2 earnings and revenues miss estimates but rise year over year as it raises 2026 EBITDA guidance and expands its gas network.

The Williams Companies, Inc. (WMB) Q2 2026 Earnings Call Transcript

Today's article updates one of our most popular charts, which shows the makeup of the North American midstream universe by market cap with total company count. While the universe has changed significantly since 2013, company count has seemingly stabilized in recent years.

Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.

Besides Wall Street's top-and-bottom-line estimates for The Williams Companies (WMB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2026.

For over five years, Midstream MLPs and corporations have stood out for their robust free cash flow (FCF) generation, supporting reliable dividend growth and share buybacks. In 2026, midstream MLPs continue to generate among the highest FCF yields in the energy sector.

I detail two of the best risk-reward opportunities today. I explain the powerful macro tailwinds that should drive strong dividend growth alongside very attractive 6.5-10% current yields. I also outline the risks involved in each investment.

The Williams Companies (WMB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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