NYSE$WMB

Williams Companies Inc · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

Williams Companies reported Q1 2026 total revenues of $3.03B and net income available to common stockholders of $864M, with diluted EPS of $0.70.

Williams generated total revenues of $3.03 billion with operating income of $1.32 billion (+21% YoY). Net income available to common stockholders was $864 million, or $0.70 per diluted share, versus $690 million and $0.56. Gathering and processing volumes and Transco transportation demand supported results despite commodity-derivative mark-to-market noise.

  • Total revenues $3.03B; operating income $1.32B.
  • Net income to common $864M; diluted EPS $0.70.
  • Service revenues $2.21B; product sales $1.14B.
  • Gain on asset sale $182M in the quarter.
  • Natural gas demand and LNG export linkage discussed.

Headline financials

Total Revenue

$3.03B

Previous: $3.05B-0.6%
EPS (adj)

$0.70

Previous: $0.60+16.7%
Capital Expenditures

-$1.36B

Previous: -$1.01B-34.3%
Free Cash Flow

$244M

No prior period
Net Income

$865M

Previous: $729M+18.7%
Operating Income

$1.32B

Previous: $1.09B+20.7%
Gross Profit

$2.47B

Previous: $1.33B+85.8%
Cash & Equivalents

$950M

No prior period
Total Assets

$59.6B

No prior period

Revenue & EPS history

Williams · Revenue · Quarterly

$3.03B

Q1 2026-0.6%vs Q1 2025
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

MD&A covers expansion projects, dividend policy, and volume growth without numeric FY EPS guidance in the 10-Q.

Tailwinds

  • Strong operating income and cash flow growth.
  • Asset sale gain and fee-based revenue mix.

Headwinds

  • Commodity derivative volatility in revenue line.
  • Regulatory and project execution on pipelines.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.5%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.7%

Avg return

30 days after

56%

41 / 73 earnings

Positive

+11.6%

Q2 2020

Best reaction

-10.0%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.0%-4.7%-4.5%
Q4 2025+1.5%+6.5%+8.4%
Q3 2025-4.3%+0.9%+7.8%
Q2 2025-2.1%-3.9%-4.4%
Q1 2025-2.6%-4.2%+0.6%
Q4 2024+4.8%+5.4%+4.5%
Q3 2024+4.5%+7.3%+7.2%
Q2 2024+1.5%+2.5%+5.3%
Q1 2024+1.1%+2.5%+7.5%
Q4 2023+0.4%+0.8%+8.7%
Q3 2023+4.0%+3.9%+8.4%
Q2 2023+1.0%+1.1%+1.7%
Q1 2023-0.7%+0.9%+3.2%
Q4 2022-1.5%-0.3%-8.4%
Q3 2022+2.4%+2.7%+6.2%
Q2 2022-3.6%-5.5%-0.2%
Q1 2022+3.0%+6.9%+9.2%
Q4 2021-0.4%+3.6%+10.4%
Q3 2021+1.1%+1.7%-5.2%
Q2 2021+0.3%+0.0%-1.6%
Q1 2021+0.9%+3.9%+12.0%
Q4 2020+5.3%+0.9%+3.8%
Q3 2020-1.1%-4.8%+12.8%
Q2 2020+11.6%+9.0%+11.2%
Q1 2020+2.4%+5.0%+11.4%
Q4 2019+2.6%-5.1%-46.3%
Q3 2019-3.9%+0.5%-2.2%
Q2 2019+2.0%-5.0%-5.7%
Q1 2019-3.1%-3.4%-6.9%
Q4 2018+0.5%+2.0%+3.1%
Q3 2018+6.4%+6.3%+4.6%
Q2 2018+4.1%+5.3%-0.5%
Q1 2018+0.5%+1.2%+2.8%
Q4 2017+0.7%-2.9%-8.6%
Q3 2017-1.4%+1.0%+2.8%
Q2 2017-2.1%-2.2%-5.2%
Q1 2017-2.6%+1.0%-4.8%
Q4 2016-3.1%-2.4%-1.1%
Q3 2016-3.7%-3.6%+3.5%
Q2 2016-0.0%+6.9%+16.6%
Q1 2016+6.1%
Q4 2015+6.1%
Q3 2015+2.2%
Q2 2015-0.2%
Q1 2015-1.4%
Q4 2014-0.5%
Q3 2014+1.8%
Q2 2014-2.5%
Q1 2014+2.5%
Q4 2013+3.6%
Q3 2013-4.2%
Q2 2013+6.8%
Q1 2013-4.6%
Q4 2012-3.9%
Q3 2012-3.2%
Q2 2012-2.7%
Q1 2012+4.9%
Q4 2011+2.6%
Q3 2011+5.7%
Q2 2011-10.0%
Q1 2011-0.5%
Q4 2007+2.1%
Q4 2010+2.1%
Q3 2010+3.9%
Q2 2010-0.1%
Q1 2009-9.8%
Q1 2010+1.1%
Q4 2009+1.5%
Q3 2009+3.3%
Q3 2008+3.3%
Q4 2008-2.7%
Q2 2009-2.7%
Q2 2008-2.7%

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