Filing Flows › Williams Companies (WMB) › Q3 2025
Williams Companies (WMB) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Williams Companies (WMB) reported revenue of $2.9B for the third quarter 2025 (Q3 2025), +10% from a year earlier and +5% from the quarter before. Operating margin was 37.9%, net earnings $647M (22.1% of revenue).
Williams Companies, Q3 2025: revenue $2.9B (+10% year over year), operating margin 37.9%, net earnings $647M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | +5% | +10% |
| Operating profit | $1.1B | +17% | +32% |
| Net earnings | $647M | +18% | -8% |
| Operating cash flow | $1.4B | -0.8% | +16% |
| Free cash flow | $485M | +1% | -14% |
What changed
Revenue was $2.9B in Q3 2025, up 10% year over year and up 5% from the previous quarter. Product was the largest line at 46% of revenue. Product added $0.24B year over year (up 21%), 87% of the total change.
Operating profit was $1.1B, a 37.9% margin (up 6.4 points year over year). Of the extra revenue versus a year earlier, 100% reached operating profit, above the 32% margin then. Total costs fell 0% while revenue rose 10%. Net earnings were $0.65B, down 8% year over year. The effective tax rate was 26.5%.
Operating cash flow was $1.4B (up 16% year over year), 211% of net income including minority interests. Non-cash charges added back $0.56B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.17B. Capital expenditures of $1.0B left free cash flow of $0.48B.
Questions
What was Williams Companies' revenue in the third quarter 2025?
Williams Companies (WMB) reported revenue of $2.9B for the third quarter 2025 (Q3 2025), +10% from a year earlier and +5% from the quarter before.
Was Williams Companies profitable in the third quarter 2025?
Operating profit was $1.1B (37.9% of revenue) and net earnings $647M.
Source: Williams Companies 10-Q on SEC EDGAR.