Filing Flows › Williams Companies (WMB) › Q2 2026
Williams Companies (WMB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Williams Companies (WMB) reported revenue of $3.1B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +0.8% from the quarter before. Operating margin was 38.7%, net earnings $827M (27.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | +0.8% | +10% |
| Operating profit | $1.2B | -11% | +25% |
| Net earnings | $827M | -4% | +51% |
| Operating cash flow | $1.4B | -14% | -5% |
What changed
Revenue was $3.1B in Q2 2026, up 10% year over year and up 1% from the previous quarter. Product was the largest line at 40% of revenue. NonRegulated Service Monetary Consideration added $0.08B year over year (up 7%), 29% of the total change. Product declined 7%.
Operating profit was $1.2B, a 38.7% margin (up 4.7 points year over year). Of the extra revenue versus Q2 2025, 87% reached operating profit, above the 34% margin then. Total costs grew 2% against revenue growth of 10%. Net earnings were $0.83B, up 51% year over year. The effective tax rate was 22.9%.
Operating cash flow was $1.4B (down 5% year over year), 157% of net income including minority interests. Non-cash charges added back $0.59B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $1.8B exceeded it, leaving free cash flow of −$0.46B.
Questions
What was Williams Companies' revenue in the second quarter 2026?
Williams Companies (WMB) reported revenue of $3.1B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +0.8% from the quarter before.
Was Williams Companies profitable in the second quarter 2026?
Operating profit was $1.2B (38.7% of revenue) and net earnings $827M.
Source: Williams Companies 10-Q on SEC EDGAR.