Filing Flows › Williams Companies (WMB) › Q2 2025
Williams Companies (WMB) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
Williams Companies (WMB) reported revenue of $2.8B for the second quarter 2025 (Q2 2025), +19% from a year earlier and -9% from the quarter before. Operating margin was 34.0%, net earnings $546M (19.6% of revenue).
Williams Companies, Q2 2025: revenue $2.8B (+19% year over year), operating margin 34.0%, net earnings $546M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | -9% | +19% |
| Operating profit | $945M | -14% | +36% |
| Net earnings | $546M | -21% | +36% |
| Operating cash flow | $1.4B | +1% | +13% |
| Free cash flow | $478M | +14% | -32% |
What changed
Revenue was $2.8B in Q2 2025, up 19% year over year and down 9% from the previous quarter. Product was the largest line at 47% of revenue. Product added $0.30B year over year (up 30%), 67% of the total change.
Operating profit was $0.94B, a 34.0% margin (up 4.2 points year over year). Of the extra revenue versus a year earlier, 56% reached operating profit, above the 30% margin then. Total costs grew 12% against revenue growth of 19%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $0.55B, up 36% year over year. The effective tax rate was 23.0%.
Operating cash flow was $1.4B (up 13% year over year), 249% of net income including minority interests. Non-cash charges added back $0.60B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.24B. Capital expenditures of $1.0B left free cash flow of $0.48B.
Questions
What was Williams Companies' revenue in the second quarter 2025?
Williams Companies (WMB) reported revenue of $2.8B for the second quarter 2025 (Q2 2025), +19% from a year earlier and -9% from the quarter before.
Was Williams Companies profitable in the second quarter 2025?
Operating profit was $945M (34.0% of revenue) and net earnings $546M.
Source: Williams Companies 10-Q on SEC EDGAR.