Williams Companies

WMB Energy Market cap $88.0B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 3, 2026

Revenue$3.05B +10% year over year

Operating profit$1.14B 37% margin

Net profit$0.83B 27% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Segment revenue	3.45	113%
Transmission, power & Gulf	1.39	45%
West	0.72	24%
Gas & NGL marketing	0.64	21%
Northeast G & P	0.55	18%
Other operating	0.15	5%
Eliminations	−0.39	−13%
Net revenue	3.05	100%	+10%
Operating expenses	−1.92	63%
Property operating	−0.60	20%	−1pp
D&A	−0.59	19%	−2pp
Interest	−0.37	12%	+0pp
G&A	−0.18	6%	+0pp
Other	−0.18	6%	+0pp
Operating profit	1.14	37% margin	+10pp
Interest & other costs	−0.05
Tax	−0.26
Net profit	0.83	27% margin	+7pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Segment revenue	3.41	112%
P	0.54	18%
Gas & NGL marketing	0.53	18%
West service	0.53	17%
Monetary consideration	0.50	16%
Northeast service	0.49	16%
NonRegulated service	0.47	15%
Other revenue	0.20	7%
Product	0.14	5%
Eliminations	−0.38	−12%
Net revenue	3.03	100%	−1%
Operating expenses	−1.87	62%
Property operating	−0.57	19%	+1pp
D&A	−0.58	19%	+0pp
Interest	−0.38	13%	+1pp
G&A	−0.19	6%	+0pp
Other	−0.16	5%
Operating profit	1.16	38% margin	+8pp
Interest & other costs	−0.05
Tax	−0.24
Net profit	0.87	29% margin	+6pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	3.20	100%	+17%
Operating expenses	−2.18	68%
Property operating	−0.59	18%	−2pp
D&A	−0.59	18%	−2pp
Interest	−0.37	12%	−1pp
Other	−0.63	20%	+0pp
Operating profit	1.02	32% margin	+10pp
Interest & other costs	−0.04
Tax	−0.24
Net profit	0.73	23% margin	+5pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Segment revenue	3.25	111%
Service	0.50	17%
Other revenue	0.49	17%
Monetary consideration	0.46	16%
Northeast G	0.46	16%
Marketing	0.45	15%
Services product	0.42	14%
Transmission, power	0.25	8%
West product	0.22	8%
Eliminations	−0.32	−11%
Net revenue	2.92	100%	+10%
Operating expenses	−1.99	68%
Property operating	−0.58	20%	−2pp
D&A	−0.56	19%	−2pp
Interest	−0.37	13%	+0pp
Other	−0.48	16%	+0pp
Operating profit	0.93	32% margin	−5pp
Interest & other costs	−0.04
Tax	−0.25
Net profit	0.65	22% margin	−4pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	3.05	100%	+10%
Product	2.16	71%
Regulated service	0.90	29%
Operating expenses	−2.13	70%
Property operating	−0.54	18%	−1pp
D&A	−0.59	19%	−1pp
Interest	−0.35	12%	−1pp
G&A	−0.19	6%	+0pp
Other	−0.46	15%	+0pp
Operating profit	0.92	30% margin	−1pp
Interest & other costs	−0.04
Tax	−0.19
Net profit	0.69	23% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY24 (period ends Jun 30, 2024).
Item	Value	Share of revenue	Year over year
Segment revenue	2.55	109%
Regulated service	0.83	35%
West midstream	0.62	27%
Northeast midstream	0.48	21%
Gas & NGL marketing	0.29	12%
Gulf of Mexico midstream	0.19	8%
Other revenue	0.09	4%
Other service	0.04	1%
NonRegulated service	0.02	1%
Eliminations	−0.22	−9%
Net revenue	2.34	100%	−6%
Operating expenses	−1.78	76%
Property operating	−0.52	22%	+3pp
D&A	−0.54	23%	+2pp
Interest	−0.34	15%	+2pp
Other	−0.38	16%	+0pp
Operating profit	0.56	24% margin	−7pp
Interest & other costs	−0.03
Tax	−0.13
Net profit	0.40	17% margin	−1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 3, 2026 Operating margin 37% Net profit $0.83B	Apr 1 – Jun 30, 2026	Aug 3, 2026	$3.05B	+10%	37%	$0.83B	27%
Q1 FY26 Jan 1 – Mar 31, 2026 reported May 4, 2026 Operating margin 38% Net profit $0.87B	Jan 1 – Mar 31, 2026	May 4, 2026	$3.03B	−1%	38%	$0.87B	29%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 24, 2026 Operating margin 32% Net profit $0.73B	Oct 1 – Dec 31, 2025	Feb 24, 2026	$3.20B	+17%	32%	$0.73B	23%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Nov 3, 2025 Operating margin 32% Net profit $0.65B	Jul 1 – Sep 30, 2025	Nov 3, 2025	$2.92B	+10%	32%	$0.65B	22%
Q1 FY25 Jan 1 – Mar 31, 2025 reported May 5, 2025 Operating margin 30% Net profit $0.69B	Jan 1 – Mar 31, 2025	May 5, 2025	$3.05B	+10%	30%	$0.69B	23%
Q2 FY24 Apr 1 – Jun 30, 2024 reported Aug 5, 2024 Operating margin 24% Net profit $0.40B	Apr 1 – Jun 30, 2024	Aug 5, 2024	$2.34B	−6%	24%	$0.40B	17%