Filing Flows › Williams Companies (WMB) › Q2 2026 › vs Q2 2025
Williams Companies (WMB) Q2 2026 vs Q2 2025 (year over year)
Williams Companies's revenue rose $272M (+10%) from $2.8B in Q2 2025 to $3.1B in Q2 2026. The biggest changes: Revenue from contracts with customers +$1.0M (0%). Operating margin 38.7% against 34.0% (+4.7 pts).
Williams Companies, Q2 2026: revenue $3.1B (+10% year over year), operating margin 38.7%, net earnings $827M, operating cash flow $1.4B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 38.7% | 34.0% | +4.7 pts |
| Net margin | 27.1% | 19.6% | +7.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| NonRegulated Service Monetary Consideration | $1.2B | $1.1B | $80.0M | +7% |
| Regulated Service | $925M | $906M | $19.0M | +2% |
| NonRegulated Service Commodity Consideration | $45.0M | $47.0M | −$2.0M | -4% |
| Other Service | $38.0M | $38.0M | $0 | 0% |
| Service | $2.2B | $2.1B | $97.0M | +5% |
| Product | $1.2B | $1.3B | −$96.0M | -7% |
| Revenue from contracts with customers | $3.4B | $3.4B | $1.0M | 0% |
| Revenue | $3.1B | $2.8B | $272M | +10% |
| Other revenues (net loss) | $326M | $597M | −$271M | -45% |
| Operating profit | $1.2B | $945M | $237M | +25% |
| Costs & expenses | $1.9B | $1.8B | $35.0M | +2% |
| Pre-tax earnings | $1.1B | $757M | $379M | +50% |
| Other expense, net | $46.0M | $188M | −$142M | -76% |
| Other operating costs | $1.7B | $1.7B | $23.0M | +1% |
| Net earnings | $827M | $546M | $281M | +51% |
| Minority interests | $49.0M | $37.0M | $12.0M | +32% |
| Income tax | $260M | $174M | $86.0M | +49% |
| Depreciation & amortization | $592M | $605M | −$13.0M | -2% |
| Share-based compensation | $17.0M | $19.0M | −$2.0M | -11% |
| Working capital & other | $60.0M | −$280M | $340M | — |
| Operating cash flow | $1.4B | $1.4B | −$74.0M | -5% |
| Capital expenditures | $1.8B | $972M | $862M | +89% |
| Negative free cash flow (OCF − capex) | $458M | −$478M | $936M | — |
Questions
How much did Williams Companies's revenue grow year over year in Q2 2026?
Williams Companies's revenue rose $272M (+10%) from $2.8B in Q2 2025 to $3.1B in Q2 2026.
What drove Williams Companies's revenue change in Q2 2026?
Revenue from contracts with customers +$1.0M (0%).