The financials
Williams Companies by the numbers
Williams Companies (WMB) reported revenue of $3.05B in Q2 2026 (quarter ended June 30, 2026), up 9.8% from the same quarter a year earlier. That came with net income of $827M (27% of revenue). For the full year FY2025, revenue was $11.9B (+14% year on year) and net income $2.62B. Its largest product in 2026-Q2 was Service at $2.15B, 62% of the disclosed total, just ahead of Regulated Service at 27%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $3.05B | $2.78B | +9.8% |
| Operating income | $1.18B | $945M | +25% |
| Net income | $827M | $546M | +51% |
| Diluted EPS | $0.68 | $0.45 | +51% |
| Product | Revenue | Share |
|---|---|---|
| Service | $2.15B | 62% |
| Regulated Service | $944M | 27% |
| Non Regulated Service Monetary Consideration | $261M | 7.5% |
| Natural Gas Storage | $59M | 1.7% |
| Non Regulated Service Commodity Consideration | $45M | 1.3% |
| Other Service | $12M | 0.3% |
| Natural Gas Gathering Transportation Marketing And Processing | $6.0M | 0.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $3.48B (-4.0%)
Natural Gas Gathering Transportation Marketing And Processing grew +100% year on yearProduct And Service Other -100% year on year
Segment Latestquarter on quarteryear on year
- Service$2.15B$2.15BQoQ -2.4%year on year +5.4%-2.4%+5.4%
- Regulated Service$944.0M$944.0MQoQ -5.2%year on year +1.8%-5.2%+1.8%
- Non Regulated Service Monetary Consideration$261.0M$261.0MQoQ +7.0%year on year +15%+7.0%+15%
- Natural Gas Storage$59.0M$59.0MQoQ +1.7%year on year -6.3%+1.7%-6.3%
- Non Regulated Service Commodity Consideration$45.0M$45.0MQoQ -2.2%year on year -4.3%-2.2%-4.3%
- Other Service$12.0M$12.0MQoQ -66%year on year -7.7%-66%-7.7%
- Natural Gas Gathering Transportation Marketing And Processing$6.0M$6.0MQoQ -78%year on year +100%-78%+100%
- Product And Service Other$0.00$0.00QoQ -100%year on year -100%-100%-100%
Oil & Gas Midstream
Ranks #14 of 27 by Smart Score