Natural gas provider Williams beats Q1 adjusted EPS estimates

The Williams Companies

04/05/2026 21:28

Overview

U.S. natural gas pipeline operator's Q1 adjusted EPS and net income beat analyst expectations

Adjusted EPS rose 22% yr/yr, driven by higher service revenues and new Gulf volumes

Company signed major customer agreements and advanced several infrastructure and power projects

Outlook

Williams expects 2026 adjusted EBITDA between $8.05 bln and $8.35 bln

Company sees 2026 growth capex between $7 bln and $7.6 bln, maintenance capex $850 mln-$950 mln

Williams says rising natural gas demand and growing contracted portfolio support outlook

Result Drivers

SERVICE REVENUE GROWTH - Higher service revenues from Transco’s expansion projects, new Gulf volumes, higher storage revenues, and increased gathering volumes in the West drove results

GAS MARKETING MARGINS - Higher gas marketing margins contributed to improved results

ASSET SALE GAIN - Gain from the sale of South Mansfield upstream interests boosted GAAP net income

Company press release: ID:nBw3HpTH0a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$0.73
$0.62 (12 Analysts)
Q1 EPS
$0.70
Q1 Adjusted Net Income
Beat
$895 mln
$800.68 mln (7 Analysts)
Q1 Net Income
$864 mln
Q1 Cash Flow from Ops
$1.60 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for Williams Companies Inc is $81.00, about 7.2% above its May 1 closing price of $75.54

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 29 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)