Williams Companies, Inc. (The) (WMB) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $0.50
- Estimate
- $0.50
- Surprise
- +0.3%
- Revenue (period 2026-06-30)
- $3.38B
- Score at report (before → after)
- 5.5 → 5.7/10
Revenue source: xbrl.
How the report landed
Williams Companies, Inc. (The) (WMB) reported adjusted EPS of $0.50, in line with the $0.50 estimate. TrendMatrix's engine moved from Buy (Wait) (5.5/10) to Sell at 5.7/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates WMB Sell at 5.4/10.
1 of the last 4 quarters beat the estimate; this quarter's +0.3% surprise compares with a +2.5% four-quarter average. Next scheduled report: 2026-11-02.
What supports the rating
- Sector modifier (Energy): +1.2
- Strong growth profile
What argues against it
- Concentration risk — Customer: top ten G&P customers (55.0%)
- Concentration risk — Customer: NWP three largest customers (52.0%)
- Leverage penalty (D/E 2.0): -1.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $69.26
- Price target
- $77.05
- Stop
- $66.76
- Upside to target
- +11.2%
- Reward-to-risk
- 2.1:1
At 28.3× trailing and 27.4× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-09-26 — shown for context, not personalized investment advice.
WMB at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas Midstream
- Market cap
- $86.33B
- P/E (fwd)
- 27.4
- P/E (ttm)
- 28.3
- 52-week range
- $56.19–$80.08
- Off 52-week high
- 13.5%
- RSI (14)
- 31
- Volume vs avg
- 0.80×
- Score today
- 5.4/10