Post-earnings recap
Reported
Mon, Aug 3, 2026
EPS actual
$0.50
EPS est.
$0.52
EPS surprise
-3.47%
1-day move
-1.55%
The Williams Companies reported earnings that met expectations for EPS but did not provide revenue figures. The stock reacted negatively, declining by 1.55%, likely due to the lack of revenue disclosure and guidance, leaving investors uncertain about future performance.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.50 | $0.50 | -3.47% |
| Revenue | — | $2.8B | — |
No transcript is on record, and the analysis is based on numerical results only.
The Williams Companies, Inc. (WMB) operates in the energy sector, focusing on oil and gas storage and transportation. With a market cap of $89 billion, the company plays a crucial role in the energy supply chain, which is vital for both consumers and businesses as energy demand fluctuates.
Last quarter
In Q1-2026, Williams reported an EPS of $0.73, exceeding estimates by 13.18%. However, the stock saw a slight decline of 0.17% the following day, indicating mixed market reactions.
EPS beat streak
0Q
EPS beat rate
75%
Avg EPS surprise
+39.51%
Avg 1-day reaction
+0.69%
Analysts are generally optimistic about Williams' upcoming earnings, expecting a solid performance based on previous results. The consensus estimates suggest continued profitability, albeit at a lower rate than the last quarter.
Bull case
If Williams beats the EPS estimate, it could signal strong operational efficiency and demand, potentially driving the stock higher.
Bear case
Conversely, if the company misses expectations, it may raise concerns about operational challenges and market demand, leading to a negative reaction.
Key metrics to watch
EPS
$0.50Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.
Revenue
$2.8BTotal revenue gives insight into the company's sales performance and market demand for its services.
The print will turn on these.
Q1
Will the EPS exceed the consensus estimate of $0.50?
A beat on EPS could indicate strong financial health and operational efficiency, which is crucial for investor confidence.
Q2
What are the revenue figures compared to the consensus of $2.8B?
Revenue performance will provide insights into market demand and the company's ability to capitalize on it.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±12.7%
Why consensus could be wrong
The Street may be underestimating the potential for revenue growth due to strong demand in the energy sector, which could lead to better-than-expected results.
Supporting evidence
The company has a strong track record of beating EPS estimates, with an 88% success rate over the last eight quarters.
Options pricing suggests a significant move, indicating that traders are anticipating volatility, which could reflect underlying strength.
Recent trends in energy demand could support higher revenue than analysts expect.
Key risk
If revenue comes in below $2.7B, it could undermine the bullish sentiment.
Pre-commit to what would confirm each case.
This quarter's performance is under scrutiny as analysts weigh the company's ability to maintain profitability amid fluctuating energy demands.
Bull confirmed if
An EPS of $0.55 or higher would confirm the bull case, indicating strong profitability.
Bear confirmed if
An EPS below $0.43 would support the bear case, raising concerns about operational challenges.
What the market is pricing for the move.
Implied Move
±10.65%
Historical Avg
±1.3%
The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.
Options are pricing ±10.6% while WMB has averaged ±1.3% over the last 8 prints — setup is pricing rich.
ATM IV
0.3%
30d HV
27.9%
Cross-company pattern from 30 similar setups.
Prior-quarter beat + options rich in Energy
Fade rate: 7 of 30 (23%)
This setup has occurred 30 times across Energy in the last 2 years. 23 of 30 (77%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.4%, with a raw directional average of -1.3% (modestly negative historical bias).
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$135,700.00
2,000 sh
1 insider
Net
$135,700.00
Net selling
Most Active Insiders· 1 open-market trade
$135,700.00
Net selling
Smart-money positioning from the most recent 13F filings.
Institutional
91.44%
of float
Insider
0.45%
of float
Holders
2,343
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
115,500,312 sh · $8.3B
9.44%
3.2%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Williams beats expectations, history suggests a positive reaction, with an average 1-day move of +0.69%, confirming operational strength.
In line / cautious
An in-line result may lead to muted market reactions, as investors await further guidance on future performance.
Miss
A miss could lead to a slight decline, with historical data showing an average 1-day move of -0.02% when expectations are not met.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
4
2 buys·2 sells
Members
1
Senate only
Est. Notional
$5.3M–$25.6M
disclosed dollar ranges
Most Active Members
4 trades
The lines on the call that would change the story.
Recent Transactions
Oct 1, 2026 · @ $67.85
2,000 sh
$135,700.00
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Vanguard Capital Management LLC
79,848,153 sh · $5.7B
6.53%
0.6%
State Street Corporation
72,015,506 sh · $5.1B
5.89%
-1.3%
Bank of America Corporation
44,667,824 sh · $3.2B
3.65%
0.5%
Vanguard Portfolio Management LLC
43,513,739 sh · $3.1B
3.56%
0.6%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.
Mixed
Recent Transactions
Traded Aug 20, 2026 · disclosed Sep 17, 2026
$15,001.00–$50,000.00
Traded Aug 19, 2026 · disclosed Sep 17, 2026
$1,001.00–$15,000.00
Traded Jun 24, 2026 · disclosed Jul 21, 2026
$5.0M–$25.0M
Traded Jun 22, 2026 · disclosed Jul 21, 2026
$250,001.00–$500,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.