Filing Flows › Williams Companies (WMB) › Guidance history
Williams Companies (WMB) guidance history: what it guided and what it reported
Williams Companies gave guidance in 12 earnings releases on file since Feb 14, 2024. Its releases raised guidance 12 times and lowered it once.
Net income
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $3.0B (Feb 10, 2026) → reaffirmed $3.0B (May 4, 2026) → raised $3.4B (Aug 3, 2026) → reaffirmed $3.4B (Nov 2, 2026) | — | to be reported | — |
| FY2025 | $2.5B (Feb 12, 2025) → lowered $2.5B (May 5, 2025) → raised $2.6B (Aug 4, 2025) → raised $2.6B (Nov 3, 2025) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $6.1B–$6.7B (Feb 10, 2026) → raised $7.0B–$7.6B (May 4, 2026) → raised $7.3B–$7.9B (Aug 3, 2026) → reaffirmed $7.3B–$7.9B (Nov 2, 2026) | — | to be reported | — |
| FY2025 | $1.6B–$1.9B (Feb 14, 2024) → reaffirmed $1.6B–$1.9B (May 6, 2024) → reaffirmed $1.6B–$1.9B (Aug 5, 2024) → reaffirmed $1.6B–$1.9B (Nov 6, 2024) → raised $2.6B–$2.9B (Aug 4, 2025) | $4.9B (GAAP) | not judged | — |
| FY2024 | $1.4B–$1.8B (Feb 14, 2024) → reaffirmed $1.4B–$1.8B (May 6, 2024) → reaffirmed $1.4B–$1.8B (Aug 5, 2024) → reaffirmed $1.4B–$1.8B (Nov 6, 2024) | $2.6B (GAAP) | not judged | — |
Interest expense
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $1.5B (Feb 10, 2026) → reaffirmed $1.5B (May 4, 2026) → raised $1.5B (Aug 3, 2026) → reaffirmed $1.5B (Nov 2, 2026) | — | to be reported | — |
| FY2025 | $1.4B (Feb 14, 2024) → reaffirmed $1.4B (May 6, 2024) → reaffirmed $1.4B (Aug 5, 2024) → reaffirmed $1.4B (Nov 6, 2024) → raised $1.4B (Feb 12, 2025) → raised $1.4B (May 5, 2025) → reaffirmed $1.4B (Aug 4, 2025) → reaffirmed $1.4B (Nov 3, 2025) | — | — | — |
| FY2024 | $1.4B (Feb 14, 2024) → reaffirmed $1.4B (May 6, 2024) → reaffirmed $1.4B (Aug 5, 2024) → lowered $1.4B (Nov 6, 2024) | — | — | — |
Depreciation & amortization
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $2.3B (Feb 14, 2024) → reaffirmed $2.3B (May 6, 2024) → reaffirmed $2.3B (Aug 5, 2024) → reaffirmed $2.3B (Nov 6, 2024) → raised $2.4B (Feb 12, 2025) → raised $2.4B (May 5, 2025) → raised $2.4B (Aug 4, 2025) → reaffirmed $2.4B (Nov 3, 2025) | — | — | — |
| FY2024 | $2.3B (Feb 14, 2024) → reaffirmed $2.3B (May 6, 2024) → reaffirmed $2.3B (Aug 5, 2024) → raised $2.3B (Nov 6, 2024) | — | — | — |
EPS
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $2.20 (Feb 10, 2026) → reaffirmed $2.20 (May 4, 2026) → raised $2.35 (Aug 3, 2026) → reaffirmed $2.35 (Nov 2, 2026) | — | to be reported | — |
| FY2025 | $1.94 (Feb 12, 2025) → reaffirmed $1.94 (May 5, 2025) → raised $2.01 (Aug 4, 2025) → reaffirmed $2.01 (Nov 3, 2025) | — | — | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $8.1B–$8.3B (Feb 10, 2026) → reaffirmed $8.1B–$8.3B (May 4, 2026) → raised $8.3B–$8.5B (Aug 3, 2026) → reaffirmed $8.3B–$8.5B (Nov 2, 2026) | — | to be reported | — |
| FY2025 | $7.2B–$7.6B (Feb 14, 2024) → reaffirmed $7.2B–$7.6B (May 6, 2024) → reaffirmed $7.2B–$7.6B (Aug 5, 2024) → reaffirmed $7.2B–$7.6B (Nov 6, 2024) → raised $7.5B–$7.8B (Feb 12, 2025) → raised $7.5B–$7.9B (May 5, 2025) → raised $7.6B–$7.9B (Aug 4, 2025) → reaffirmed $7.8B (Nov 3, 2025) | — | — | — |
| FY2024 | $6.8B–$7.1B (Feb 14, 2024) → lowered $6.8B (Aug 5, 2024) → raised $7.0B–$7.2B (Nov 6, 2024) | — | — | — |
The latest quarter
Williams Companies, Q3 2026: revenue $3.2B (+10% year over year), operating margin 35.2%, net earnings $700M. The chart follows the revenue to costs, profit and cash.
Questions
Does Williams Companies beat its guidance?
Williams Companies gave guidance in 12 earnings releases on file since Feb 14, 2024. Its releases raised guidance 12 times and lowered it once.
How often does Williams Companies raise guidance?
Its earnings releases raised guidance 12 times and lowered it once since Feb 14, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.