Williams Companies Future Growth

Future criteria checks 3/6

Williams Companies is forecast to grow earnings and revenue by 14% and 10.6% per annum respectively. EPS is expected to grow by 14.2% per annum. Return on equity is forecast to be 24.5% in 3 years.

Key information

14.0%

Earnings growth rate

14.15%

EPS growth rate

Oil and Gas earnings growth	11.0%
Revenue growth rate	10.6%
Future return on equity	24.54%
Analyst coverage	Good
Last updated	11 Feb 2026

Recent future growth updates

Analysts Have Made A Financial Statement On The Williams Companies, Inc.'s (NYSE:WMB) First-Quarter Report

May 09

Recent updates

Williams Companies (NYSE:WMB) Will Pay A Larger Dividend Than Last Year At $0.525

Jan 31

The Williams Companies, Inc.'s (NYSE:WMB) Business Is Trailing The Market But Its Shares Aren't

Aug 19

Are Investors Undervaluing The Williams Companies, Inc. (NYSE:WMB) By 21%?

Jun 18

Analysts Have Made A Financial Statement On The Williams Companies, Inc.'s (NYSE:WMB) First-Quarter Report

May 09

Investor Optimism Abounds The Williams Companies, Inc. (NYSE:WMB) But Growth Is Lacking

Mar 09

Is Williams Companies (NYSE:WMB) Using Too Much Debt?

Feb 23

The Williams Companies: Not Best Of Breed, But Good Enough

Jan 13

Pipelines, Profits, And Power: The Williams Companies' Mission-Critical Empire

Dec 19

Williams Companies Is Now Overvalued

Nov 24

Williams Companies: Upside Should Keep Flowing

Oct 15

The Williams Companies: 4.1% Yield, But Likely Fairly Valued (Rating Downgrade)

Sep 25

Market Pulls The Williams Companies Higher (Ratings Downgrade To Hold)

Aug 26

The Williams Advantage - A 4%-Yielding Mission-Critical Income Play

Aug 19

Critical Expansions And Modernization Propel Energy Giant's Future Growth

Aug 19 Strategic acquisitions and infrastructure expansion align with increasing energy demand, driving revenue growth and EBITDA improvement.

Williams Companies: A Cash Cow That Deserves Some Upside

Jun 12

The Williams Companies: Gas Demand Is Far-Reaching, Healthy Q1 Results And FCF

May 09

Earnings and Revenue Growth Forecasts

NYSE:WMB - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	15,777	3,872	3,980	8,056	4
12/31/2027	14,053	3,217	3,554	6,977	10
12/31/2026	12,632	2,821	-2,721	6,573	9
12/31/2025	11,830	2,615	899	5,898	N/A
9/30/2025	11,582	2,367	1,722	5,540	N/A
6/30/2025	11,363	2,426	1,792	5,344	N/A
3/31/2025	11,083	2,281	2,027	5,173	N/A
12/31/2024	10,753	2,222	2,296	4,974	N/A
9/30/2024	10,366	2,883	3,002	5,569	N/A
6/30/2024	10,253	2,832	3,019	5,560	N/A
3/31/2024	10,156	2,978	3,099	5,658	N/A
12/31/2023	9,951	3,273	3,371	5,938	N/A
9/30/2023	10,304	2,795	2,649	5,344	N/A
6/30/2023	10,774	2,740	2,758	5,600	N/A
3/31/2023	11,209	2,593	2,783	5,321	N/A
12/31/2022	11,352	2,046	2,606	4,889	N/A
9/30/2022	11,490	1,999	3,053	4,809	N/A
6/30/2022	11,351	1,564	2,979	4,153	N/A
3/31/2022	10,845	1,468	2,829	4,112	N/A
12/31/2021	10,775	1,514	2,698	3,945	N/A
9/30/2021	9,904	1,008	2,656	3,920	N/A
6/30/2021	8,975	1,152	2,202	3,538	N/A
3/31/2021	8,459	1,151	2,397	3,624	N/A
12/31/2020	7,724	208	2,221	3,496	N/A
9/30/2020	7,738	231	1,993	3,373	N/A
6/30/2020	7,800	143	1,935	3,779	N/A
3/31/2020	8,060	150	1,673	3,705	N/A
12/31/2019	8,199	862	1,544	3,693	N/A
9/30/2019	8,298	152	N/A	3,664	N/A
6/30/2019	8,602	61	N/A	3,552	N/A
3/31/2019	8,652	-114	N/A	3,374	N/A
12/31/2018	8,686	-156	N/A	3,293	N/A
9/30/2018	8,710	2,103	N/A	3,189	N/A
6/30/2018	8,298	2,007	N/A	3,148	N/A
3/31/2018	8,131	1,953	N/A	3,056	N/A
12/31/2017	8,031	2,174	N/A	3,089	N/A
9/30/2017	8,001	472	N/A	3,814	N/A
6/30/2017	8,015	500	N/A	3,737	N/A
3/31/2017	7,827	14	N/A	3,624	N/A
12/31/2016	7,499	-424	N/A	4,155	N/A
9/30/2016	7,307	-1,124	N/A	2,689	N/A
6/30/2016	7,201	-1,225	N/A	2,664	N/A
3/31/2016	7,304	-706	N/A	2,792	N/A
12/31/2015	7,360	-571	N/A	2,708	N/A
9/30/2015	7,495	337	N/A	3,097	N/A
6/30/2015	7,765	2,055	N/A	2,839	N/A
3/31/2015	7,604	2,040	N/A	2,338	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WMB's forecast earnings growth (14% per year) is above the savings rate (3.4%).

Earnings vs Market: WMB's earnings (14% per year) are forecast to grow slower than the US market (15.7% per year).

High Growth Earnings: WMB's earnings are forecast to grow, but not significantly.

Revenue vs Market: WMB's revenue (10.6% per year) is forecast to grow faster than the US market (10.3% per year).

High Growth Revenue: WMB's revenue (10.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: WMB's Return on Equity is forecast to be high in 3 years time (24.5%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/02/12 09:11
End of Day Share Price	2026/02/12 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Williams Companies, Inc. is covered by 39 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
William Selesky	Argus Research Company
Richard Gross	Barclays
Theresa Chen	Barclays

Williams Companies Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Analysts Have Made A Financial Statement On The Williams Companies, Inc.'s (NYSE:WMB) First-Quarter Report

Price target increased by 7.6% to US$53.38

Recent updates

Full year 2025 earnings: EPS exceeds analyst expectations

Williams Companies (NYSE:WMB) Will Pay A Larger Dividend Than Last Year At $0.525

Third quarter dividend increased to US$0.53

Williams Companies: How Pipeline Compressors Become A Growth Driver

The Williams Companies, Inc. Increases Regular Cash Dividend on Common Stock, Payable on March 30, 2026

The Williams Companies, Inc. to Report Q4, 2025 Results on Feb 10, 2026

Upcoming dividend of US$0.50 per share

Williams Secures Key Permits for Northeast Supply Enhancement Project

Third quarter 2025 earnings: EPS and revenues miss analyst expectations

Second quarter dividend of US$0.50 announced

Williams Announces Quarterly Cash Dividend, Payable on December 29, 2025

JERA Americas Inc. reached an agreement to acquire unknown minority stake in South Mansfield upstream asset in Louisiana from The Williams Companies, Inc. (NYSE:WMB) for approximately $400 million.

A Look At The Fair Value Of The Williams Companies, Inc. (NYSE:WMB)

The Williams Companies, Inc. to Report Q3, 2025 Results on Nov 03, 2025

Is Williams Companies (NYSE:WMB) Using Too Much Debt?

Upcoming dividend of US$0.50 per share

The Williams Companies, Inc.'s (NYSE:WMB) Business Is Trailing The Market But Its Shares Aren't

Now 21% undervalued

Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

First quarter dividend of US$0.50 announced

The Williams Companies, Inc. Approves Regular Dividend on Common Stock, Payable on September 29, 2025

The Williams Companies, Inc. to Report Q2, 2025 Results on Aug 04, 2025

The Williams Companies, Inc. Announces Changes to its Board

Are Investors Undervaluing The Williams Companies, Inc. (NYSE:WMB) By 21%?

Now 21% undervalued

Upcoming dividend of US$0.50 per share

Now 20% undervalued

Analysts Have Made A Financial Statement On The Williams Companies, Inc.'s (NYSE:WMB) First-Quarter Report

First quarter 2025 earnings: EPS and revenues exceed analyst expectations

The Williams Companies, Inc. Announces CEO Changes, Effective July 1, 2025

Fourth quarter dividend of US$0.50 announced

Williams Announces Quarterly Cash Dividend, Payable on June 30, 2025

The Williams Companies, Inc. Announces Appointment of Larry Larsen as Executive Vice President and Chief Operating Officer, Effective May 3, 2025

The Williams Companies, Inc. to Report Q1, 2025 Results on May 05, 2025

Insufficient new directors

Micheal Dunn to Retire as Executive Vice President and Chief Operating Officer of The Williams Companies, Inc

Investor Optimism Abounds The Williams Companies, Inc. (NYSE:WMB) But Growth Is Lacking

Upcoming dividend of US$0.50 per share

Insider recently sold US$1.5m worth of stock

Is Williams Companies (NYSE:WMB) Using Too Much Debt?

New major risk - Financial position

Full year 2024 earnings: EPS misses analyst expectations

Third quarter dividend increased to US$0.50

Federal Energy Regulatory Commission Reinstates Certificate for Transco's Regional Energy Access Expansion

The Williams Companies, Inc. to Report Q4, 2024 Results on Feb 12, 2025

The Williams Companies: Not Best Of Breed, But Good Enough

Pipelines, Profits, And Power: The Williams Companies' Mission-Critical Empire

Upcoming dividend of US$0.47 per share

Williams Companies Is Now Overvalued

Price target increased by 7.6% to US$53.38

Third quarter dividend of US$0.47 announced

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Williams Announces Quarterly Cash Dividend, Payable on December 30, 2024

The Williams Companies, Inc. to Report Q3, 2024 Results on Nov 06, 2024

Williams Companies: Upside Should Keep Flowing

The Williams Companies: 4.1% Yield, But Likely Fairly Valued (Rating Downgrade)

Upcoming dividend of US$0.47 per share

Market Pulls The Williams Companies Higher (Ratings Downgrade To Hold)

The Williams Advantage - A 4%-Yielding Mission-Critical Income Play

Critical Expansions And Modernization Propel Energy Giant's Future Growth

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

First quarter dividend of US$0.47 announced

The Williams Companies, Inc. Announces Quarterly Cash Dividend, Payable on September 30, 2024

The Williams Companies, Inc. to Report Q2, 2024 Results on Aug 05, 2024

Williams Companies: A Cash Cow That Deserves Some Upside

Upcoming dividend of US$0.47 per share

Insider recently sold US$1.5m worth of stock

The Williams Companies: Gas Demand Is Far-Reaching, Healthy Q1 Results And FCF

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Fourth quarter dividend of US$0.47 announced

Williams Announces Quarterly Cash Dividend, Payable on June 24, 2024

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts