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Williams Companies Inc. (WMB) Q2 FY2026 Financial Statements: Revenue $3.05B, Net income attributable to Williams $827.00M

CIK 0000107263 · NYSE · Latest period: Q2 FY2026 (ended 2026-06-30, 10-Q accession 0000107263-26-000026) · Annual report: FY2025 10-K (filed 2026-02-24, accession 0000107263-26-000006) · Next expected filing: 10-Q ~2026-11-02

More for Williams Companies: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ2 FY2026

Published

The Williams Companies reported total revenues of $3.05 billion for Q2 FY2026, the quarter ended June 30, 2026, up 9.8% from a year earlier, and net income attributable to Williams of $827 million, up 51.5%. Part of the earnings increase came from a gain on the June sale of its Brazos Permian II equity-method investment and a favorable swing in unrealized commodity derivative results, while operating income, which does not include that investment gain, was $1.18 billion, up 25.1%. Diluted earnings per share were $0.68, compared with $0.45 a year earlier.

MetricAmountvs. year ago
Revenue$3,053,000,000up 9.8%
Net income attributable to Williams$827,000,000up 51.5%
Diluted EPS$0.68up 51.1%
Operating income$1,182,000,000up 25.1%

Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.

About this file

TickerWMB
CIK0000107263
CompanyWilliams Companies Inc.
Business typemidstream energy infrastructure (natural gas pipelines, gathering and processing)
Schema templatestandard industrial template adapted for a midstream operator: total revenues and operating income in place of gross profit, equity earnings shown separately, total debt including commercial paper
Reporting currencyUSD
Converted to USDno
Unitsactual US dollars (not millions); per-share amounts in dollars; share counts in actual shares

WMB annual income statement, balance sheet and cash flow

FY2025FY2024FY2023
Fiscal year202520242023
LabelFY2025FY2024FY2023
Period start2025-01-012024-01-012023-01-01
Period end2025-12-312024-12-312023-12-31
Period typefiscal yearfiscal yearfiscal year
Source accession10-K10-K10-K
Income statement
Service revenues8,348,000,0007,628,000,0007,026,000,000
Service revenues commodity consideration192,000,000134,000,000146,000,000
Product sales3,290,000,0002,991,000,0002,779,000,000
Net gain loss from commodity derivatives120,000,000-250,000,000956,000,000
Total revenues11,950,000,00010,503,000,00010,907,000,000
Product costs2,133,000,0002,075,000,0001,884,000,000
Net processing commodity expenses66,000,00043,000,000151,000,000
Operating and maintenance expenses2,282,000,0002,179,000,0001,984,000,000
Depreciation depletion and amortization2,347,000,0002,219,000,0002,071,000,000
General and administrative expenses721,000,000708,000,000665,000,000
Impairment or write off of certain assets212,000,000010,000,000
Gain on sale of business00-129,000,000
Other operating income expense net-7,000,000-60,000,000-40,000,000
Total costs and expenses7,754,000,0007,164,000,0006,596,000,000
Operating income4,196,000,0003,339,000,0004,311,000,000
Equity earnings760,000,000560,000,000589,000,000
Other investing income net42,000,000343,000,000108,000,000
Interest expense-1,442,000,000-1,364,000,000-1,236,000,000
Net gain from energy transfer litigation judgment00534,000,000
Other income expense net69,000,000108,000,00099,000,000
Income before income taxes3,625,000,0002,986,000,0004,405,000,000
Provision for income taxes857,000,000640,000,0001,005,000,000
Income from continuing operations2,768,000,0002,346,000,0003,400,000,000
Income from discontinued operations00-97,000,000
Net income2,768,000,0002,346,000,0003,303,000,000
Net income attributable to noncontrolling interests150,000,000121,000,000124,000,000
Net income attributable to williams2,618,000,0002,225,000,0003,179,000,000
Preferred stock dividends3,000,0003,000,0003,000,000
Net income available to common stockholders2,615,000,0002,222,000,0003,176,000,000
Basic EPS2.141.822.61
Basic weighted average shares1,221,000,0001,219,000,0001,218,000,000
Diluted EPS continuing operations2.141.822.68
Diluted EPS2.141.822.6
Diluted shares1,225,000,0001,223,000,0001,223,000,000
Dividends declared per common share21.91.79
Balance sheet
Cash and cash equivalents63,000,00060,000,000
Total current assets3,244,000,0002,661,000,000
Investments4,559,000,0004,140,000,000
Property plant and equipment net41,996,000,00038,692,000,000
Intangible assets net6,763,000,0007,209,000,000
Total assets58,573,000,00054,532,000,000
Accounts payable2,224,000,0001,613,000,000
Commercial paper700,000,000455,000,000
Long term debt due within one year1,345,000,0001,720,000,000
Total current liabilities6,106,000,0005,312,000,000
Long term debt27,316,000,00024,736,000,000
Deferred income tax liabilities5,170,000,0004,376,000,000
Regulatory liabilities deferred income and other4,986,000,0005,268,000,000
Total stockholders equity12,807,000,00012,436,000,000
Noncontrolling interests2,188,000,0002,404,000,000
Total equity14,995,000,00014,840,000,000
Total debt29,361,000,00026,911,000,000
Total liabilities43,578,000,00039,692,000,000
Cash flow
Operating cash flow5,898,000,0004,974,000,0005,938,000,000
Capital expenditures-4,893,000,000-2,573,000,000-2,516,000,000
Purchases of businesses net of cash acquired-1,000,000-2,244,000,000-1,568,000,000
Purchases of and contributions to equity method investments-511,000,000-114,000,000-141,000,000
Net cash from investing activities-5,489,000,000-4,863,000,000-3,891,000,000
Proceeds from long term debt4,940,000,0003,594,000,0002,755,000,000
Payments of long term debt-2,827,000,000-2,946,000,000-634,000,000
Common dividends paid-2,442,000,000-2,316,000,000-2,179,000,000
Dividends and distributions paid to noncontrolling interests-259,000,000-242,000,000-213,000,000
Net cash from financing activities-406,000,000-2,201,000,000-49,000,000
Free cash flow1,005,000,0002,401,000,0003,422,000,000

WMB quarterly income statement, balance sheet and cash flow

Q2 FY2026Q2 FY2025
Fiscal year20262025
Fiscal quarter22
LabelQ2 FY2026Q2 FY2025
Period start2026-04-012025-04-01
Period end2026-06-302025-06-30
Period typethree monthsthree months
Source accession10-Q10-Q
Income statement
Service revenues2,152,000,0002,041,000,000
Service revenues commodity consideration45,000,00047,000,000
Product sales762,000,000657,000,000
Net gain loss from commodity derivatives94,000,00036,000,000
Total revenues3,053,000,0002,781,000,000
Product costs509,000,000474,000,000
Net processing commodity expenses6,000,0004,000,000
Operating and maintenance expenses597,000,000572,000,000
Depreciation depletion and amortization592,000,000605,000,000
General and administrative expenses180,000,000168,000,000
Gain on sale of certain assets-12,000,0000
Other operating income expense net-1,000,00013,000,000
Total costs and expenses1,871,000,0001,836,000,000
Operating income1,182,000,000945,000,000
Equity earnings159,000,000142,000,000
Other investing income net134,000,0004,000,000
Interest expense-371,000,000-350,000,000
Other income expense net32,000,00016,000,000
Income before income taxes1,136,000,000757,000,000
Provision for income taxes260,000,000174,000,000
Net income876,000,000583,000,000
Net income attributable to noncontrolling interests49,000,00037,000,000
Net income attributable to williams827,000,000546,000,000
Preferred stock dividends00
Net income available to common stockholders827,000,000546,000,000
Basic EPS0.680.45
Basic weighted average shares1,224,000,0001,222,000,000
Diluted EPS0.680.45
Diluted shares1,225,000,0001,224,000,000
Dividends declared per common share0.5250.5
Balance sheet
Cash and cash equivalents203,000,000
Total current assets3,123,000,000
Investments4,515,000,000
Property plant and equipment net44,410,000,000
Intangible assets net6,577,000,000
Total assets60,610,000,000
Accounts payable2,220,000,000
Commercial paper475,000,000
Long term debt due within one year2,197,000,000
Total current liabilities6,546,000,000
Long term debt28,121,000,000
Deferred income tax liabilities5,596,000,000
Regulatory liabilities deferred income and other4,979,000,000
Total stockholders equity13,190,000,000
Noncontrolling interests2,178,000,000
Total equity15,368,000,000
Total debt30,793,000,000
Total liabilities45,242,000,000

WMB year-to-date income statement and cash flow

Six months ended June 30, 2026
LabelSix months ended June 30, 2026
Period start2026-01-01
Period end2026-06-30
Period typesix months
Source accession10-Q
Prior year comparative
LabelSix months ended June 30, 2025
Period start2025-01-01
Period end2025-06-30
Period typesix months
Source accession10-Q
Income statement
Service revenues4,044,000,000
Service revenues commodity consideration96,000,000
Product sales1,715,000,000
Net gain loss from commodity derivatives-26,000,000
Total revenues5,829,000,000
Product costs1,089,000,000
Net processing commodity expenses32,000,000
Operating and maintenance expenses1,114,000,000
Depreciation depletion and amortization1,190,000,000
General and administrative expenses362,000,000
Gain on sale of certain assets0
Other operating income expense net3,000,000
Total costs and expenses3,790,000,000
Operating income2,039,000,000
Equity earnings297,000,000
Other investing income net12,000,000
Interest expense-699,000,000
Other income expense net30,000,000
Income before income taxes1,679,000,000
Provision for income taxes367,000,000
Net income1,312,000,000
Net income attributable to noncontrolling interests75,000,000
Net income attributable to williams1,237,000,000
Preferred stock dividends1,000,000
Net income available to common stockholders1,236,000,000
Basic EPS1.01
Basic weighted average shares1,221,000,000
Diluted EPS1.01
Diluted shares1,224,000,000
Dividends declared per common share1.0
Cash flow
Operating cash flow2,883,000,000
Capital expenditures-1,984,000,000
Purchases of and contributions to equity method investments-179,000,000
Net cash from investing activities-2,194,000,000
Proceeds from long term debt2,994,000,000
Payments of long term debt-975,000,000
Common dividends paid-1,221,000,000
Dividends and distributions paid to noncontrolling interests-131,000,000
Net cash from financing activities154,000,000
Free cash flow899,000,000
Income statement
Service revenues4,358,000,000
Service revenues commodity consideration91,000,000
Product sales1,899,000,000
Net gain loss from commodity derivatives-265,000,000
Total revenues6,083,000,000
Product costs1,052,000,000
Net processing commodity expenses21,000,000
Operating and maintenance expenses1,162,000,000
Depreciation depletion and amortization1,176,000,000
General and administrative expenses373,000,000
Gain on sale of certain assets-194,000,000
Other operating income expense net-10,000,000
Total costs and expenses3,580,000,000
Operating income2,503,000,000
Equity earnings320,000,000
Other investing income net158,000,000
Interest expense-747,000,000
Other income expense net58,000,000
Income before income taxes2,292,000,000
Provision for income taxes504,000,000
Net income1,788,000,000
Net income attributable to noncontrolling interests96,000,000
Net income attributable to williams1,692,000,000
Preferred stock dividends1,000,000
Net income available to common stockholders1,691,000,000
Basic EPS1.38
Basic weighted average shares1,223,000,000
Diluted EPS1.38
Diluted shares1,226,000,000
Dividends declared per common share1.05
Cash flow
Operating cash flow2,979,000,000
Capital expenditures-3,193,000,000
Purchases of and contributions to equity method investments-91,000,000
Net cash from investing activities-2,790,000,000
Proceeds from long term debt2,790,000,000
Payments of long term debt-1,119,000,000
Common dividends paid-1,284,000,000
Dividends and distributions paid to noncontrolling interests-140,000,000
Net cash from financing activities-49,000,000
Free cash flow-214,000,000

WMB trailing twelve month income statement and cash flow

Twelve months ended June 30, 2026
LabelTwelve months ended June 30, 2026
Period start2025-07-01
Period end2026-06-30
Period typetrailing twelve months
Source accession10-Q
Derived from accessions10-K, 10-Q
DerivationFY2025 (10-K) plus six months ended June 30, 2026 less six months ended June 30, 2025 (10-Q)
Income statement
Total revenues12,204,000,000
Total costs and expenses7,544,000,000
Operating income4,660,000,000
Depreciation depletion and amortization2,333,000,000
Equity earnings783,000,000
Interest expense-1,490,000,000
Income before income taxes4,238,000,000
Provision for income taxes994,000,000
Net income3,244,000,000
Net income attributable to noncontrolling interests171,000,000
Net income attributable to williams3,073,000,000
Preferred stock dividends3,000,000
Net income available to common stockholders3,070,000,000
Dividends declared per common share2.05
Cash flow
Operating cash flow5,994,000,000
Capital expenditures-6,102,000,000
Free cash flow-108,000,000
Common dividends paid-2,505,000,000

Adjustments

Value
Splits appliednone
ADR ration/a
FXnone; Williams reports in US dollars

Shares outstanding cover

Common shares outstanding at July 30, 2026, per the Q2 2026 10-Q cover page
Common shares outstanding1,223,167,472
As of2026-07-30
Source accession10-Q
LabelCommon shares outstanding at July 30, 2026, per the Q2 2026 10-Q cover page

Notes

  • Annual figures for 2023, 2024 and 2025 come from the consolidated statements in Williams' FY2025 Form 10-K (accession 0000107263-26-000006). That 10-K presents balance sheets at December 31, 2025 and 2024 only, so FY2023 carries income-statement and cash-flow figures but no balance sheet.
  • Quarterly figures for the three months ended June 30, 2026 and June 30, 2025, the six-month year-to-date figures, and the June 30, 2026 balance sheet come from Williams' Q2 2026 Form 10-Q (accession 0000107263-26-000026). The 10-Q's December 31, 2025 balance-sheet column is identical to the 10-K's.
  • Williams presents its costs by nature (product costs, operating and maintenance, depreciation, general and administrative) and prints no gross profit line, so this record reports total revenues, total costs and expenses and operating income instead of a gross margin.
  • Figures carry the sign the statements print. Interest expense, capital expenditures, dividends paid, debt repayments and other cash outflows are negative numbers. Within costs and expenses, the gain on sale of certain assets is printed in parentheses and is stored as a negative number because it reduces total costs and expenses. The FY2023 gain on sale of business is stored the same way. Other operating (income) expense, net (printed as other (income) expense, net in the 10-K) is a component of costs and expenses, separate from the non-operating other income (expense), net below operating income; it is stored as a negative number when it is net income and a positive number when it is net expense.
  • Net gain (loss) from commodity derivatives is part of total revenues as Williams reports them and can be negative: it was a $250 million loss in FY2024 and a $265 million loss in the six months ended June 30, 2026.
  • Diluted EPS is struck on net income available to common stockholders, which is net income attributable to The Williams Companies, Inc. less preferred stock dividends. In FY2023, diluted EPS was $2.68 from continuing operations and $2.60 in total, after a $97 million loss from discontinued operations.
  • Weighted-average share counts are printed in millions on the income statements and are stored here as actual shares.
  • total_debt is the sum of commercial paper, long-term debt due within one year and long-term debt. The 10-K states that total outstanding long-term debt, including current portion and commercial paper, was $29.4 billion at December 31, 2025, consistent with the $29,361 million sum.
  • total_liabilities is the sum of total current liabilities, long-term debt, deferred income tax liabilities and regulatory liabilities, deferred income and other; the balance sheet prints no total-liabilities line. In every period it equals total assets less total equity.
  • free_cash_flow is net cash provided by operating activities less capital expenditures. Williams does not report this measure on its financial statements.
  • Dividends declared per common share come from the statements of changes in equity: $2.00 for 2025, $1.90 for 2024 and $1.79 for 2023 in the 10-K; $0.525 for the second quarter of 2026, $0.500 for the second quarter of 2025, $1.050 for the first half of 2026 and $1.000 for the first half of 2025 in the 10-Q.
  • Notable items: FY2025 includes a $212 million impairment or write-off of certain assets. FY2023 includes a $534 million net gain from the Energy Transfer litigation judgment and a $129 million gain on sale of business. The six months ended June 30, 2026 include a $194 million gain on sale of certain assets ($12 million of it in the second quarter), and second-quarter 2026 other investing income was $134 million, against $4 million a year earlier.
  • The trailing-twelve-months view is derived as FY2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025. Its dividends declared per share are derived the same way; no trailing EPS is shown because the filings print no twelve-month share count for that span.
  • No adjustments apply: Williams reports in US dollars, its common stock is not an ADR, and there has been no stock split in the periods covered.

Uncertainties

  • The Q2 2026 10-Q presents cash flows only for the six months ended June 30, so it prints no three-month cash flows for the second quarter of 2026 or 2025. The quarterly entries therefore carry no cash-flow figures; the first-quarter 2026 10-Q, which would allow the quarter to be derived by difference, is not among the filings this page draws on. Six-month cash flows are in the year-to-date block.
  • The 10-Q does not print a balance sheet at June 30, 2025, so the Q2 FY2025 entry carries no balance sheet.

Company details

Value
NameWilliams Companies, Inc.
TickerWMB
CIK0000107263
ExchangeNYSE
StateOklahoma
IncorporationDelaware
SIC4922
OfficeEnergy & Transportation
IndustryNatural Gas Transmission

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ2
TagFY26Q2
Period end2026-06-30
Form10-Q
Accession10-Q
Fiscal year end1231
Sourcefacts

Source filings

RoleCurrentFormFiscal yearFiscal periodTagPeriod endFiledAccessionUrlSource
annualno10-K2025FYFY252025-12-312026-02-240000107263-26-000006https://www.sec.gov/Archives/edgar/data/107263/000010726326000006/0000107263-26-000006-index.htmreported
quarterlyyes10-Q2026Q2FY26Q22026-06-302026-08-030000107263-26-000026https://www.sec.gov/Archives/edgar/data/107263/000010726326000026/0000107263-26-000026-index.htmfacts

FAQ · Williams Companies financial statements

How much revenue did Williams make in Q2 FY2026?

The Williams Companies reported total revenues of $3.05 billion for Q2 FY2026, the quarter ended June 30, 2026. That is up 9.8% from $2.78 billion in the same quarter a year earlier.

What was Williams' net income in Q2 FY2026?

Net income attributable to The Williams Companies was $827 million for Q2 FY2026, up 51.5% from $546 million a year earlier. Part of the increase came from a gain on the June sale of the Brazos Permian II equity-method investment and a favorable swing in unrealized commodity derivative results.

What was Williams' earnings per share in Q2 FY2026?

The Williams Companies earned $0.68 per diluted share in Q2 FY2026, the quarter ended June 30, 2026, up 51.1% from $0.45 in the same quarter a year earlier.

Did Williams' operating income grow in Q2 FY2026?

Yes. The Williams Companies reported operating income of $1.18 billion for Q2 FY2026, up 25.1% from $945 million a year earlier, helped by higher service revenues from expansion projects and a favorable swing in unrealized commodity derivative results.

Where can I get Williams Companies Inc. (WMB) financial data in machine-readable form?

Ticker Scout publishes Williams Companies Inc.'s financial statements as JSON at https://tickerscout.ai/wmb/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/wmb/narrative.md and https://tickerscout.ai/wmb/events.md. Williams Companies Inc.'s SEC CIK is 0000107263. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

When does Williams Companies Inc. (WMB) next file with the SEC?

Williams Companies Inc. (WMB) is expected to file its next Form 10-Q with the SEC on or around November 2, 2026. That date is a projection rather than a company-announced date: it is derived from Williams Companies Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0000107263-26-000026.

How this page was built

This page was built from two of Williams Companies Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names two such gaps.

A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.

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Built from Williams Companies Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.