The Williams Companies, Inc. · WMB · Next earnings

The Williams Companies, Inc. reports Tuesday, Feb 9, 2027

WMB reports after market close with consensus EPS at $0.63 and revenue at $3.39B. Last quarter: Williams posts record Q3 EBITDA; holds 2026 guidance

Reports After market close96 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $0.63 Calendar consensus
Consensus revenue $3.39B Calendar consensus
Report date Feb 9, 2027 Tuesday, date estimated
Session After market close 96 days away

Where WMB left off: FY2026 Q3

Full report

Williams posts record Q3 EBITDA; holds 2026 guidance

EPS surprise +0.2% Reported $0.54 vs $0.54
Revenue surprise +7.6% Reported $3.22B vs $2.99B
Stock move +3.5% Event window
Subsequent drift 0.0% Up to 20 sessions

Management maintained full-year 2026 EBITDA guidance and capex guidance. Q3 results put the company in the upper half of its EBITDA range; the supplied analysis does not indicate a new numerical guidance range or a change to it this quarter.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Permitting uncertainty, including the New Jersey NESE certificate remand, could affect project timing.
  • Leverage could approach the company’s stated 4x ceiling in 2026–2027.
  • Long-lead equipment commitments of about $5.9 billion create cash-flow exposure and potential delay or cost-overrun risk.
  • The high-end 16% EBITDA CAGR scenario, further project expansions and synergy realization depend on execution and should not be treated as assured.

Questions analysts left open

  • Whether the high-end 16% EBITDA CAGR scenario is achievable.
  • Timing and scale of SESI Phase II and the possibility of further expansion.
  • Cash-flow effects of long-lead equipment commitments, the NESE permit remand, and potential future financing needs.

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Recent WMB quarters

All WMB earnings
+3.5%FY2026 Q3+1.5%FY2026 Q2+0.9%FY2026 Q1-4.3%FY2025 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.