Williams Q4 EPS Misses but Revenue Beats, Jefferies Targets $78
Williams Companies posted Q4 adjusted EPS of $0.55, missing forecasts by 4.99%, while revenue reached $3.2 billion, 1.8% above estimates as part of record 2025 results. Jefferies raised its price target to $78, implying roughly 13% upside based on current trading levels.
1. Q4 Results: EPS Miss and Revenue Beat
In the fourth quarter of 2025, Williams Companies reported adjusted earnings of $0.55 per share, falling 4.99% below consensus estimates. Revenue for the quarter reached $3.2 billion, topping forecasts by 1.8% and contributing to the company’s record annual performance.
2. Jefferies Lifts Price Target to $78
Jefferies increased its price target from $76 to $78, reflecting confidence in Williams’ midstream operations and signaling approximately 13% potential upside. This upgrade follows a period of technical strength and tighter risk-reward metrics after recent share gains.
3. Natural Gas Demand Catalysts
Management highlighted a Wood Mackenzie forecast projecting 35% growth in U.S. natural gas demand over the next decade, driven by industrial reshoring, AI-powered power generation, and LNG exports. Williams transports about one-third of U.S. gas, positioning it to benefit from these long-term trends.