Williams Q3 adjusted EPS misses estimates
WMB•Williams reported Q3 adjusted EPS of $0.54, below the $0.55 analyst estimate, while adjusted net income of $663 million slightly beat expectations. The company expects 2026 adjusted EBITDA of $8.3 billion to $8.5 billion and growth capex of $7.3 billion to $7.9 billion.
1. Quarterly results
Williams reported Q3 adjusted EPS of $0.54, missing the $0.55 consensus estimate. Adjusted net income was $663 million, slightly above the $662.88 million estimate; net income was $699 million.
2. Outlook and drivers
The company expects 2026 adjusted EBITDA of $8.3 billion to $8.5 billion and growth capital expenditures of $7.3 billion to $7.9 billion. Williams said higher service revenues from new power generation, the Momentum acquisition, projects placed in service and higher storage revenues drove results. Q3 results also benefited from an $83 million gain on the sale of a Permian gathering system.
