Compared to Projections, The Williams Companies (WMB) Q4 Results: Examining Important Performance Indicators

Williams Companies, Inc. (WMB) Q4 2025 Financial Highlights

In the final quarter of 2025, Williams Companies, Inc. (WMB) posted revenues of $3.2 billion, marking a 16.6% increase compared to the same quarter the previous year. Earnings per share (EPS) reached $0.55, up from $0.47 in the prior year’s quarter.

Revenue exceeded the Zacks Consensus Estimate of $3.14 billion by 1.8%. However, EPS fell short of the consensus estimate of $0.58, resulting in a negative surprise of 4.99%.

Key Metrics and Analyst Comparisons

While headline figures such as revenue and earnings are closely monitored, investors often look deeper into operational metrics to gauge a company’s true performance. Comparing these figures to both analyst expectations and previous results can offer valuable insight into future stock movement.

Below is a summary of how Williams Companies performed on several important metrics relative to Wall Street forecasts:

• Northeast G&P - Gathering Volumes: 4.02 Bcf/D, slightly below the two-analyst average estimate of 4.18 Bcf/D.
• West - NGL Equity Sales: 7 million barrels, compared to the average estimate of 7.54 million barrels from two analysts.
• West - Gathering Volumes: 6.56 Bcf/D, just above the two-analyst average of 6.51 Bcf/D.
• Adjusted EBITDA - West: $388 million, nearly matching the four-analyst average estimate of $388.81 million.
• Adjusted EBITDA - Transmission, Power & Gulf: $998 million, slightly under the four-analyst average of $1.01 billion.
• Adjusted EBITDA - Northeast G&P: $508 million, compared to the four-analyst average estimate of $514.02 million.
• Adjusted EBITDA - Gas & NGL Marketing Services: $42 million, outperforming the three-analyst average estimate of $32.87 million.
• Adjusted EBITDA - Other: $97 million, slightly above the three-analyst average of $96.11 million.
• Modified EBITDA - Northeast G&P: $508 million, just under the two-analyst average of $515.05 million.
• Modified EBITDA - West: $201 million, well below the two-analyst average estimate of $390.61 million.
• Modified EBITDA - Transmission, Power & Gulf: $998 million, compared to the two-analyst average of $1.01 billion.

Stock Performance and Analyst Rating

Over the past month, Williams Companies shares have gained 12.3%, outperforming the Zacks S&P 500 composite, which slipped by 0.3%. The stock currently holds a Zacks Rank #3 (Hold), suggesting it may perform in line with the broader market in the near future.

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