Williams Q4 adjusted EPS misses analyst expectations

The Williams Companies

10/02/2026 13:08

Overview

Natural gas infrastructure provider's Q4 adjusted EPS missed analyst expectations

Adjusted net income for Q4 missed analyst estimates

Company completed 12 projects in 2025, including pipeline and Deepwater initiatives

Outlook

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

Company anticipates 2026 growth capex between $6.1 bln and $6.7 bln

Williams increases annualized dividend by 5% to $2.10 for 2026

Result Drivers

PROJECT EXECUTION - Completed 12 projects in 2025, including pipeline transmission and Deepwater projects, driving growth

STRATEGIC PARTNERSHIPS - Executed Haynesville E&P sale and strategic partnership with Woodside Energy, enhancing operational capabilities

ACQUISITIONS - Closed on acquisitions of Rimrock and Saber Midstream, expanding company's operational footprint

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Miss
$0.55
$0.57 (16 Analysts)
Q4 EPS
$0.60
Q4 Adjusted Net Income
Miss
$672 mln
$698.44 mln (9 Analysts)
Q4 Net Income
$733 mln
Q4 Cash Flow from Ops
$1.58 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 8 "hold" and no "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 $70.00, about 3.2% above its February 9 closing price of $67.85

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nBw1GKc3da

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.)