Compared to Estimates, The Williams Companies (WMB) Q4 Earnings: A Look at Key Metrics

Core Insights - Williams Companies, Inc. reported a revenue of $3.2 billion for the quarter ended December 2025, reflecting a 16.6% increase year-over-year and a surprise of +1.8% over the Zacks Consensus Estimate of $3.14 billion [1] - The company's EPS for the quarter was $0.55, which is an increase from $0.47 in the same quarter last year, although it fell short of the consensus estimate of $0.58 by -4.99% [1] Financial Performance Metrics - The stock of Williams Companies has returned +12.3% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.3% change [3] - The company holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3] Operational Metrics - Northeast G&P gathering volumes were reported at 4.02 Bcf/D, slightly below the average estimate of 4.18 Bcf/D from two analysts [4] - West NGL equity sales reached 7 million barrels of oil, compared to the average estimate of 7.54 million barrels from two analysts [4] - West gathering volumes were 6.56 Bcf/D, exceeding the average estimate of 6.51 Bcf/D from two analysts [4] - Adjusted EBITDA for the West segment was $388 million, slightly below the average estimate of $388.81 million from four analysts [4] - Adjusted EBITDA for Transmission, Power & Gulf was $998 million, compared to the average estimate of $1.01 billion from four analysts [4] - Adjusted EBITDA for Northeast G&P was $508 million, slightly below the average estimate of $514.02 million from four analysts [4] - Adjusted EBITDA for Gas & NGL Marketing Services was $42 million, exceeding the average estimate of $32.87 million from three analysts [4] - Adjusted EBITDA for Other was $97 million, slightly above the average estimate of $96.11 million from three analysts [4] - Modified EBITDA for Northeast G&P was $508 million, slightly below the average estimate of $515.05 million from two analysts [4] - Modified EBITDA for the West segment was $201 million, significantly below the average estimate of $390.61 million from two analysts [4] - Modified EBITDA for Transmission, Power & Gulf was $998 million, compared to the average estimate of $1.01 billion from two analysts [4]