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AI brief of an SEC Form 8-K · Williams Companies (WMB)

Williams Q3 adjusted EBITDA up 13% to $1.92 billion; GAAP EPS down to $0.53

Mixed Impact 3 of 5 earnings Written later

Williams reported third-quarter 2025 results with adjusted EBITDA of $1.920 billion, up 13% from a year earlier, and total revenues of $2.923 billion, up from $2.653 billion. GAAP net income available to common stockholders fell to $646 million, or $0.53 per diluted share, from $705 million, or $0.58, a year earlier, and the company reaffirmed its 2025 adjusted EBITDA guidance midpoint of $7.75 billion while raising its 2025 growth capital budget by $500 million.

Key points

  • Adjusted EBITDA was $1.920 billion, up $217 million or 13% from third quarter 2024; adjusted EPS was $0.49, up 14%.
  • GAAP net income was $646 million ($0.53 per diluted share), down from $705 million ($0.58) a year earlier, including a $25 million compression asset write-off.
  • Cash flow from operations rose 16% to $1.439 billion; AFFO rose 13% to $1.449 billion.
  • 2025 adjusted EBITDA guidance midpoint of $7.75 billion was reaffirmed; 2025 growth capex was increased by $500 million to between $3.95 billion and $4.25 billion for the Louisiana LNG project with Woodside Energy.

The filing

CompanyWilliams Companies (WMB)
Form8-K, current report
Filed with the SECNov 3, 2025, 4:22 PM ET
Accession number0000107263-25-000143

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.