WMB

TULSA, Okla., July 14, 2026--(BUSINESS WIRE)--Williams (NYSE: WMB) plans to announce its second-quarter 2026 financial results after the market closes on Monday, Aug. 3, 2026. The company’s second-quarter 2026 conference call and webcast with analysts and investors is scheduled for Tuesday, Aug. 4, 2026, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). Participants who wish to join the call by phone must register using the following link: https://register-conf.media-server.com/register/BIc62c79d5921d4e059ef7fd0f834cb2fa A webcast link to the conference call will be provided on Williams’ Investor Relations website. A replay of the webcast will be available on the website for at least 90 days following the event. About Williams Williams (NYSE: WMB) is a trusted energy industry leader committed to safely, reliably and responsibly meeting growing energy demand. We use our infrastructure to deliver one third of the nation’s natural gas to where it's needed most, supplying the energy used to heat our homes, cook our food and generate low-carbon electricity. For over a century, we’ve been driven by a passion for doing things the right way. Today, our team of problem solvers is leading the charge into the clean energy future. Learn more at www.williams.com. Portions of this document may constitute "forward-looking statements" as defined by federal law. Although Williams believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in Williams’ annual and quarterly reports filed with the SEC. View source version on businesswire.com: https://www.businesswire.com/news/home/20260714516865/en/ Contacts MEDIA:[email protected] (800) 945-8723 INVESTOR CONTACT: Caroline Sardella(918) 230-9992 Ashley Mitchell(918) 240-6082

With a market cap of $91.6 billion, The Williams Companies, Inc. (WMB) is a leading energy infrastructure company dedicated to safely, reliably, and responsibly delivering natural gas to meet the nation's growing energy needs. With over a century of experience, Williams powers homes, businesses, and low-carbon electricity generation while advancing innovative solutions for a cleaner energy future. The Tulsa, Oklahoma-based company is set to unveil its fiscal Q2 2026 results soon. Before the event, analysts anticipate WMB to report an adjusted EPS of $0.52, up over 13% from $0.46 in the same quarter last year. The company has surpassed Wall Street's earnings projections in one of the past four quarters while missing on three other occasions. Taiwan Just Waved a Red Flag for Nvidia Stock Dear Google Stock Fans, Mark Your Calendars for July 13 Taiwan Semi Stock Is Approaching Fair Value Ahead of July 16. How to Play TSM Here. Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For fiscal 2026, analysts project the pipeline operator to post adjusted EPS of $2.44, an increase of 16.2% from $2.10 from fiscal 2025. WMB stock has soared 29.8% over the past 52 weeks, outperforming the S&P 500 Index's ($SPX) 20.6% gain and the State Street Energy Select Sector SPDR ETF's (XLE) 24.2% rise over the same period. Williams shares recovered marginally following its Q1 2026 results on May 4 as the company reported better-than-expected adjusted EPS of $0.73, driven by higher natural gas demand and an increase in service revenue to $2.21 billion. Investor sentiment was further supported by the expansion of the Power Express project on the Transco pipeline to 750 million cubic feet per day, strengthening Williams' ability to meet rising demand from Virginia's fast-growing data center market. Additionally, management reaffirmed that it expects to deliver 2026 adjusted EBITDA at the higher end of its $8.05 billion - $8.35 billion guidance, citing a growing contracted project portfolio and sustained natural gas demand from AI data centers and new LNG export facilities. Analysts' consensus rating on WMB stock is bullish, with an overall "Strong Buy" rating. Out of 23 analysts covering the stock, opinions include 17 "Strong Buys," two "Moderate Buys," and four "Holds." The average analyst price target is $84....

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Williams Companies has delivered a very strong 273.2% return over the past 5 years, yet its current checks suggest the stock is not a clear bargain, with market multiples leaning expensive and a low value score hinting at limited margin of safety at today's price. A roughly 3.7x gain over 5 years signals that investors who have held Williams Companies through this period have already captured substantial returns, so fresh buyers need to think carefully about what is now priced in. The proposed US$5.5b acquisition of Momentum Midstream can support expectations for future cash flow growth. At the same time, the size of the deal and integration execution may influence how comfortably the market views the stock's valuation. With Williams Companies scoring only 2 out of 6 on the wider valuation checks, the stock currently leans expensive rather than reading as an obvious value opportunity. The issue now is whether Williams Companies' recent performance and expansion plans justify paying up at around US$75 per share or if the valuation leaves too little room for disappointment. Williams Companies delivered 32.9% returns over the last year. See how this stacks up to the rest of the Oil and Gas industry. The P/E ratio suits Williams Companies because earnings are a key anchor for a large, fee-based midstream business. On this yardstick, the stock trades on about 32.9x earnings, which is more than double the broader oil and gas industry average of 13.4x and also above a peer group average of 16.1x. That already indicates investors are paying a steep premium for Williams Companies relative to many sector alternatives. The fair P/E ratio, which blends factors such as the company’s size, industry and risk profile, is lower at about 25.8x. In other words, the current 32.9x multiple stands well above what this framework suggests is reasonable. Despite the Momentum Midstream deal reinforcing Williams Companies’ role in U.S. natural gas infrastructure, the share price already reflects a rich expectation set on earnings. On the P/E multiple alone, Williams Companies appears overvalued, with the market price implying a higher earnings premium than sector benchmarks and the fair ratio would suggest. See what the numbers say about this pric...

Williams (WMB) is expected to report softer Q2 results as the benefit from severe winter weather fad

Enterprise Products Partners LP EPD is a leading player in North America’s midstream energy space, with an extensive asset network for the transportation and storage of crude oil, natural gas, natural gas liquids (NGLs), petrochemicals and refined products. The partnership generates mostly fee-based revenues under long-term contracts with its customers, which ensures stable and predictable cash flows across business cycles, limiting exposure to commodity price volatility. EPD’s highly contracted business model also makes its earnings less vulnerable to fluctuations in commodity prices. As a provider of critical energy infrastructure, the partnership benefits from relatively inelastic demand for its services. In addition, EPD has highlighted that almost 90% of its long-term contracts include an escalation provision that protects its cash flows and distributions in inflationary business environments.The partnership’s financial position is anchored by its stable cash flows and a strong balance sheet. Enterprise Products has a strong balance sheet, with nearly $3.3 billion in consolidated liquidity, comprising liquidity available under its credit facilities and unrestricted cash on hand. Its leverage ratio was 3.2x as of March 31, 2026, which lies within its target range of 2.75x-3.25x. The strong balance sheet allows EPD to maintain its resilience across various business cycles and withstand downturns better. The combination of predictable earnings, stable cash flows and balance sheet strength enables EPD to navigate business cycles with ease while continuing to fund growth projects and return capital to unitholders. Kinder Morgan Inc. KMI is a leading midstream energy company that operates the largest natural gas pipeline system in the United States. The company owns and operates nearly 78,000 miles of pipelines, 136 terminals and more than 700 billion cubic feet (Bcf) of working natural gas storage capacity. The Williams Companies, Inc. WMB is another leading player in the midstream energy sector that operates a widespread pipeline system of more than 33,000 miles, including the Transco and Northwest Pipeline systems. These pipeline systems are among the largest natural gas transportation networks in the United States. Both companies have a highly contracted business model, resulting in stable cash flows. Enterprise Products units have jumped 19.3% over the p...

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Williams Companies (WMB) is back in focus after reporting better than expected Q1 earnings, reaffirming its 2026 Adjusted EBITDA outlook and lifting its annual dividend by 5%, a combination that often reshapes investor expectations. See our latest analysis for Williams Companies. After a muted reaction to earnings, with the share price slipping 0.65% on the day, Williams Companies sits at US$71.96 with an 18.26% year to date share price return and a very large 5 year total shareholder return of 223.24%. This suggests long term momentum has remained strong even as near term moves have been more restrained. If you are weighing up how this kind of steady story compares with faster growing themes, it can be useful to scan a wider field of opportunities such as 33 power grid technology and infrastructure stocks With the stock already up strongly over several years, a higher dividend on the table and analysts setting targets above the current US$71.96 level, is Williams Companies still offering value, or is the market already pricing in future growth? On the most followed narrative, Williams Companies' fair value sits at $80.07 versus the $71.96 last close, putting a spotlight on the projects backing that gap. Read the complete narrative. Want to see what is behind that confidence in future cash flows? The narrative focuses on accelerating revenue, rising margins and a rich earnings multiple that might surprise you. Result: Fair Value of $80.07 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, that upbeat story still hinges on natural gas remaining in favor, and on major projects like NESE avoiding permitting setbacks or cost inflation that could squeeze returns. Wall Street's queuing for one rocket. While SpaceX counts down to its IPO, other companies tied to the new space race are already in orbit. → 20 Compelling Space Companies watchlist · Global Space Race Investing Ideas screener · Scan the sector by valuation on Rocket Lab's valuation page. The earlier narrative leans on future cash flows and analyst targets to argue that Williams Companies looks 10.1% undervalued, yet the current P/E of 31.6x is far above the US Oil and Gas industry at 13.8x, peers at 16x and even the fair ratio of 27.2x. That pre...

It has been about a month since the last earnings report for Williams Companies, Inc. (The) (WMB). Shares have lost about 6.3% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is The Williams Companies due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Williams Companies, Inc. (The) before we dive into how investors and analysts have reacted as of late. The Williams Companies reported first-quarter 2026 adjusted earnings per share of 73 cents, which beat the Zacks Consensus Estimate of 65 cents. The bottom line increased from the year-ago period’s level of 60 cents, driven mainly by a 12.5% decrease in costs and expenses. Moreover, better-than-expected performance of its Transmission, Power & Gulf, Northeast G&P, West and Gas & NGL Marketing Services segments also contributed, with increases of 17.2%, 1.9%, 15.8% and 46.5%, respectively, from the year-ago quarter’s level. The Tulsa, OK-based oil and gas storage and transportation company’s revenues of $3 billion missed the Zacks Consensus Estimate of $3.3 billion. The figure decreased marginally by 0.6% from the year-ago quarter’s reported revenues. This can be attributed to lower service revenues tied to commodity contracts and an increased loss from commodity derivative instruments. Adjusted EBITDA totaled $2.3 billion in the quarter under review, which was up 13.3% year over year. Cash flow from operations amounted to $1.6 billion, up 12% from the corresponding quarter of 2025. Transmission, Power & Gulf: The segment reported an adjusted EBITDA of $1 billion, up 17.2% from the year-ago quarter’s level. The increase was driven by contributions from Transco’s higher net rates and expansion projects, new Gulf volumes associated with Shenandoah, Whale and Ballymore, and higher storage revenues due to winter storms and higher rates. However, the figure missed the Zacks Consensus Estimate by 0.8%. Northeast G&P: Driven primarily by higher volumes at Ohio Valley Midstream and higher gathering volumes and rates at Bradford within Appalachia Midstream, this segment registered an adjusted EBITDA of $524 million. This represents a 1.9% increase from $514 million in the year-earlier quarter. It beat the Zacks Consensus Estimate of $513 milli...

Kinder Morgan (KMI) posted adjusted EPS of $0.39 on $4.51B revenue (+13.64% YoY) with its $10B pipeline backlog 90% natural gas and 60% tied to power generation. Williams Companies (WMB) reported $7.75B adjusted EBITDA (+9%) and is deploying $7B into power innovation projects including the Cogentrix platform and Socrates the Younger, trading at a 34 P/E versus 23 for KMI. Kinder Morgan is doubling down on traditional pipeline infrastructure for LNG exports and power generation, while Williams is pushing further down the value chain into power generation itself to capitalize on the data center power demand boom. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Kinder Morgan didn't make the cut. Grab the names FREE today. Kinder Morgan (NYSE:KMI) and Williams Companies (NYSE:WMB) just closed the books on record 2025 results, and both pipeline operators are pointing the same firehose of capital at LNG exports and data center power demand. The way they are doing it, however, looks quite different. One is leaning on a $10 billion pipeline backlog. The other is buying into power generation itself. Kinder Morgan delivered adjusted EPS of $0.39 against a $0.37 estimate on $4.51 billion in revenue, up 13.64% year over year. CEO Kim Dang credited "record-setting performance in our Natural Gas Pipelines business segment", with transport volumes up 9% and gathering volumes up 19%. The CO2 segment was the weak spot, dragged by softer commodity and D3 RIN prices. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Kinder Morgan didn't make the cut. Grab the names FREE today. Williams, under new CEO Chad Zamarin since July 2025, posted full-year adjusted EBITDA of $7.75 billion, up 9%, and Q4 EPS of $0.55. Transco continues to do the heavy lifting, with Transmission, Power & Gulf adjusted EBITDA of $3.71 billion, a $403 million jump. A $212 million impairment on Mid-Continent gas gathering was a reminder that not every basin is humming. Kinder Morgan is doubling down on what it already does best. Its $10 billion project backlog is roughly 90% natural gas, with about 60% tied to power generation. Trident Intrastate, SSE4, and Mississippi Crossing are all traditional pipeline projects. Dang says "total demand for natural gas is expected to grow by 17% through 2030, led by LNG exports", and KMI already moves...

Ovintiv Inc. OVV reported first-quarter 2026 adjusted earnings per share of $2, which beat the Zacks Consensus Estimate of $1.85. The bottom line also increased from the year-ago level of $1.42. The outperformance was driven by higher plant condensate, natural gas liquids and natural gas production volumes and higher average realized natural gas prices. The Denver, CO-based oil and gas exploration and production company’s total revenues of $2.5 billion increased 6.5% from the year-ago quarter’s figures. The top line also beat the Zacks Consensus Estimate by 9.8%. The outperformance was driven by higher product and service revenues. Ovintiv Inc. price-consensus-eps-surprise-chart | Ovintiv Inc. Quote On May 11, 2026, Ovintiv's board of directors declared a quarterly dividend of 30 cents per share, which will be paid on June 30, to its shareholders of record as of June 15. First-quarter shareholder returns totaled $169 million, consisting of share buybacks of $84 million and base dividend payments of $85 million. During the quarter, the company completed the $2.7 billion acquisition of NuVista Energy Ltd., adding roughly 100 MBOE/d of production, about 930 net equivalent well locations and nearly 140,000 net acres of land. Total first-quarter production was 678,900 barrels of oil equivalent per day (BOE/d) compared with 588,300 BOE/d in the prior-year period. The figure beat our prediction of 675,000 BOE/d. Natural gas production increased to 2,124 million cubic feet per day (MMcf/d) in the first quarter of 2026 from 1,764 MMcf/d in the prior-year quarter. Additionally, the figure beat our estimate of 2,115 MMcf/d. Total liquids production increased to 324.9 thousand barrels per day (Mbbls/d) in the first quarter of 2026 from 294.4 Mbbls/d in the prior-year quarter. Furthermore, the figure beat our prediction of 323 Mbbls/d. In the first quarter of 2026, natural gas contributed approximately 52.1%, and liquids accounted for about 47.9% of the total production. Ovintiv's realized natural gas price was $3.24 per thousand cubic feet compared with the year-ago level of $3.16. The realized oil price decreased to $70.78 per barrel from $71.79 in the prior-year quarter. Total expenses of $3.3 billion increased 33.2% from the year-ago quarter’s figure of $2.5 billion. Moreover, the figure was higher than our projection of $1.7 billion. Ovintiv’s cash from operating ac...

Pembina Pipeline Corporation PBA reported first-quarter 2026 earnings per share of 59 cents, which beat the Zacks Consensus Estimate of 52 cents and increased from the year-ago quarter’s level of 56 cents. This improvement was primarily driven by strong underlying operational performance and volume growth across the Pipelines and Facilities divisions. PBA’s Pipelines and Facilities volumes for the period were 2833 thousand barrels of oil equivalent per day (mboe/d) and 899 mboe/d, respectively, beating the consensus estimates of 2794 mboe/d and 277 mboe/d. This Calgary-based oil and gas storage and transportation company’s quarterly sales of $1.5 billion decreased about 3.5% year over year, caused by weak revenue performance in the Pipelines and Marketing & New Ventures segments. However, the metric beat the Zacks Consensus Estimate by 18.7%. Pembina Pipeline Corp. price-consensus-eps-surprise-chart | Pembina Pipeline Corp. Quote The company’s operating cash flow decreased approximately 60% to C$335 million. Adjusted EBITDA decreased 3% year over year to C$1.1 billion. Pembina Pipeline’s board of directors declared a quarterly cash dividend of 73.5 Canadian cents per share, representing an increase of approximately 3.5 percent, to its common shareholders of record as of June 15. The payout will be made on June 30, 2026. Near the end of the first quarter of 2026, the company successfully commissioned the Wapiti Expansion, both on schedule and within budget, which added 115 million cubic feet per day of natural gas processing capacity at the Wapiti Plant and the 28-megawatt K3 Cogeneration Facility at PGI’s K3 Plant. In the first quarter, the oil and gas storage and transportation company witnessed volumes of 4,083 mboe/d compared with 4,073 mboe/d reported in the prior-year quarter. Pipelines: Adjusted EBITDA of C$647 million decreased about 4.4% from the year-ago quarter’s level. This was caused primarily by lower net revenues on the Alliance Pipeline (C$26 million) due to the negotiated settlement between Alliance and its shippers and higher interruptible volumes on the Cochin Pipeline due to wider condensate price differentials. Volumes in this segment saw a 0.9% year-over-year increase to 2,833 mboe/d. Facilities: Adjusted EBITDA of C$363 million increased from the year-ago quarter’s C$345 million, driven primarily by a higher contribution from certain PG...

Marathon Petroleum Corporation MPC reported first-quarter 2026 adjusted earnings per share of $1.65, which beat the Zacks Consensus Estimate of 72 cents. Moreover, the bottom line increased significantly from the year-ago adjusted loss of 24 cents. The outperformance was driven by stronger-than-expected Refining & Marketing segment performance. The Findlay, OH-based oil and gas refining and marketing company reported revenues of $34.6 billion, which beat the Zacks Consensus Estimate of $30.3 billion. Moreover, the top line increased 8.5% year over year, reflecting higher sales and other operating revenues, along with higher revenues from other income. Marathon Petroleum Corporation price-consensus-eps-surprise-chart | Marathon Petroleum Corporation Quote The company distributed approximately $1 billion to its shareholders during the first quarter and ended the quarter with $3.6 billion of capacity remaining under its share repurchase authorizations as of March 31, 2026. MPC also announced an incremental $5 billion share repurchase authorization. With the addition of this new authorization, the company will have $8.6 billion available under its share repurchase authorizations as of March 31, 2026. Refining & Marketing: The Refining & Marketing segment reported adjusted EBITDA of $1.4 billion, up approximately 181.6% from the year-ago figure of $489 million, and the figure surpassed the consensus estimate by 51%. The refining margin improved to $17.74 per barrel from $13.38 in the prior-year quarter, primarily reflecting stronger crack spreads. Moreover, the figure beat the consensus estimate by 10.3%. Refining capacity utilization for the quarter was 89%, in line with the year-ago period. Midstream: This unit mainly reflects Marathon Petroleum’s general partner and majority limited partner interests in MPLX — a publicly traded master limited partnership that owns, operates, develops and acquires pipelines and other midstream assets. The segment reported adjusted EBITDA of $1.6 billion, down from the year-ago figure of $1.7 billion. The figure also missed the consensus estimate by 2.7%. Marathon Petroleum reported expenses of $33.2 billion in the first quarter of 2026, up from $31.2 billion reported in the year-ago quarter. In the reported quarter, Marathon Petroleum spent $1.2 billion on capital programs (26% on Refining & Marketing and 71% on the Midstream s...

The Williams Companies, Inc. WMB reported first-quarter 2026 adjusted earnings per share of 73 cents, which beat the Zacks Consensus Estimate of 65 cents. The bottom line increased from the year-ago period’s level of 60 cents, driven mainly by a 12.5% decrease in costs and expenses. Moreover, better-than-expected performance of its Transmission, Power & Gulf, Northeast G&P, West and Gas & NGL Marketing Services segments also contributed, with increases of 17.2%, 1.9%, 15.8% and 46.5%, respectively, from the year-ago quarter’s level. The Tulsa, OK-based oil and gas storage and transportation company’s revenues of $3 billion missed the Zacks Consensus Estimate of $3.3 billion. The figure decreased marginally by 0.6% from the year-ago quarter’s reported revenues. This can be attributed to lower service revenues tied to commodity contracts and an increased loss from commodity derivative instruments. Williams Companies, Inc. (The) price-consensus-eps-surprise-chart | Williams Companies, Inc. (The) Quote Adjusted EBITDA totaled $2.3 billion in the quarter under review, which was up 13.3% year over year. Cash flow from operations amounted to $1.6 billion, up 12% from the corresponding quarter of 2025. Transmission, Power & Gulf: The segment reported an adjusted EBITDA of $1 billion, up 17.2% from the year-ago quarter’s level. The increase was driven by contributions from Transco’s higher net rates and expansion projects, new Gulf volumes associated with Shenandoah, Whale and Ballymore, and higher storage revenues due to winter storms and higher rates. However, the figure missed the Zacks Consensus Estimate by 0.8%. Northeast G&P: Driven primarily by higher volumes at Ohio Valley Midstream and higher gathering volumes and rates at Bradford within Appalachia Midstream, this segment registered an adjusted EBITDA of $524 million. This represents a 1.9% increase from $514 million in the year-earlier quarter. It beat the Zacks Consensus Estimate of $513 million. West: This segment focuses on the gathering and processing of assets in the Western United States. Adjusted EBITDA for this segment totaled $410 million, up 15.8% from the prior-year quarter’s level of $354 million. Strong results were fueled by Louisiana Energy Gateway, which was placed into service, as well as higher gathering volumes, including contributions from the 2025 Rimrock and Saber acquisitions. Moreov...