The Williams Companies, Inc.: EPS $0.54 vs $0.539 expected; revenue $3.22B vs $2.99B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 0.540 | 0.539 | +0.2% | 0.490 |
| Revenue (USD bn) | 3.220 | 2.990 | +7.6% | 2.920 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Nov 2, 2026 | Q3 FY2026 | 0.54 | 0.5390 | +0.2% | 3.22 | 2.99 | +7.6% |
| Aug 3, 2026 | Q2 FY2026 | 0.50 | 0.5020 | −0.4% | 3.05 | 2.83 | +7.9% |
| May 4, 2026 | Q1 FY2026 | 0.73 | 0.6340 | +15.1% | 3.03 | 3.28 | −7.6% |
| Feb 10, 2026 | Q4 FY2025 | 0.55 | 0.5730 | −4.0% | 3.20 | 3.02 | +6.0% |
| Nov 3, 2025 | Q3 FY2025 | 0.49 | 0.5160 | −5.0% | 2.92 | 2.88 | +1.4% |
| Aug 4, 2025 | Q2 FY2025 | 0.46 | 0.4804 | −4.2% | 2.77 | 2.73 | +1.6% |
| May 5, 2025 | Q1 FY2025 | 0.60 | 0.5670 | +5.8% | 3.05 | 2.94 | +3.6% |
| Feb 12, 2025 | Q4 FY2024 | 0.47 | 0.4700 | 0.0% | 2.74 | 2.68 | +2.3% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
The Williams Companies, Inc. results: EPS $0.54 vs $0.539 expected; revenue $3.22B vs $2.99B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 0.2%; revenue above the estimate by 7.6%.
Revenue was up 10.3% from $2.92 billion a year earlier (Q3 FY2025). EPS was up 10.2% from $0.49 a year earlier. On its record, EPS topped analysts' estimates in 2 of 7 earlier comparable reports.
What the results mean
The Williams Companies operates infrastructure that transports, gathers, and processes natural gas, alongside natural gas liquids fractionation, storage, and marketing activities. Interpreting its results therefore centers on activity across these networks and facilities and the revenue contribution of transportation, processing, and marketing services.
Revenue growth indicates an expansion in business receipts, but the available information does not identify its source. Distinguishing the contributions of pipelines, gathering and processing services, and marketing activities remains essential to understanding the nature of that growth and its connection to asset utilization or trading conditions.
What to watch on the earnings call: The call merits attention for management’s explanation of revenue growth drivers, gas flows through the networks, gathering and processing activity, and the contribution of marketing and storage. Discussion of operating costs and infrastructure spending would also help clarify how business activity translates into profitability.
For the full analysis of The Williams Companies, Inc. stock — valuation, scores and financial statements — see the stock page linked with this story.