WMB's reported revenue of $3.2B in 2026Q3 with 10.3% year-over-year growth suggests top-line momentum remains durable, and operating margins holding in a 32% to 44% band indicate operating income is scaling with the business.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue grew 10.3% year-over-year to $3.2B in 2026Q3 with operating margins steady in the 32% to 44% range, though net income volatility and gross margin swings between roughly 35% and 83% appear to reflect inconsistent cost classification rather than a true shift in pricing power.
Williams is seen as a structural beneficiary of growing U.S. natural gas infrastructure demand, driven by electricity load growth and data center buildout.
A recent 5% dividend increase and strong dividend coverage make WMB attractive to income-focused investors.
Expanding LNG demand is expected to support Williams' steady earnings growth through 2026.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 2, 2026 | $0.54+0.2% vs $0.54 | $3.2B+7.6% vs $3.0B |
Q3 2026 Aug 3, 2026 | $0.50-0.4% vs $0.50 | $3.1B+7.9% vs $2.8B |
Q2 2026 May 4, 2026 | $0.73+15.1% vs $0.63 | $3.0B-7.6% vs $3.3B |
Q1 2026 Feb 10, 2026 | $0.55-4.0% vs $0.57 | $3.2B+6.0% vs $3.0B |
Williams Companies (NYSE: WMB) reported record third-quarter results as the pipeline operator advanced expansion projects, completed its Momentum Midstream acquisition ahead of schedule and prepared to bring the second phase of its Socrates power project online. President and CEO Chad Zamarin said third-quarter adjusted EBITDA increased 6% from the prior-year period to more than $2 billion,
Two of the six stocks in this high-yield portfolio quietly drive most of the IRS bill, and a simple change in where you hold them could keep that money working for you.
In Q3 2026, the portfolio underperformed its benchmark, the MSCI All Country World Index. On a positive note, our stock selection in the health care sector led to significant outperformance relative to those in the benchmark. Numerous portfolio moves were made during the quarter, but our focus remained on our three main investment themes: electrification, financials and aerospace and defense.
Williams' Q3 earnings miss estimates as costs jump 15%, even as revenues and EBITDA rise. Its $5.5B Momentum deal and new pipelines underpin expansion.
Benchmark WMB against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for The Williams Companies, Inc. (WMB)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $64.08 | $78.37B | 25.40 | 13.78% | 25% | 18.66% | 3.12% | |
| $29.96 | $66.71B | 18.52 | 12.45% | 19.64% | 11.02% | 3.91% | |
| $20.16 | $69.37B | 11.74 | -0.05% | 4.9% | 11.91% | 6.42% | |
| $37.03 | $80.12B | 12.25 | -6.44% | 10.24% | 21.41% | 5.77% | |
| $264.59 | $56.79B | 23.27 | 3.06% | 13.46% | 68.83% | 1.44% | |
| $85.19 | $53.67B | 13.24 | 55.42% | 9.42% | 16.18% | 4.8% |
The Williams Companies, Inc. (WMB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
The Williams Companies, Inc. (WMB) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 2, 2026·SEC
Nov 2, 2026·SEC
Aug 3, 2026·SEC
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The Williams Companies, Inc. (WMB) stock FAQ — growth, dividends, profitability & financials explained
The Williams Companies, Inc. (WMB) reported $12.50B in revenue over the trailing twelve months. Revenue was $11.95B in fiscal year 2025. That is 74% more than the $6.85B of fiscal year 1996.
The Williams Companies, Inc. (WMB) grew revenue by 8.9% over the trailing twelve months, compared with the twelve months before.
Yes. The Williams Companies, Inc. (WMB) earned $3.13B in net income over the trailing twelve months (a 25.0% net margin).
Yes. The Williams Companies, Inc. (WMB) pays a dividend that yields 3.12% at the current price, a moderate yield.
The Williams Companies, Inc. (WMB) had a return on equity (ROE) of 18.7% over the trailing twelve months. That is above the market's typical 10-15%.
The Williams Companies, Inc. (WMB) had negative free cash flow of $1.68B over the trailing twelve months.
