Tulsa, Oklahoma headquartered Williams Companies, Inc. (WMB) focuses on finding, producing, gathering, processing, and transporting natural gas and natural gas liquids. With a market cap of $73.5 billion, Williams operates as one of the largest transporters of natural gas by volume in the United States.

The midstream giant has significantly outperformed the broader market over the past year. WMB stock has soared 43.1% over the past 52 weeks and 9% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 21.5% gains over the past year and 7.1% returns in 2025.

Narrowing the focus, WMB stock has also outperformed the industry-focused USCF Midstream Energy Income Fund’s (UMI) 22.5% surge over the past 52 weeks and 1.6% uptick in 2025.

Despite reporting impressive topline and earnings growth, Williams’ stock prices dropped 2.1% in the trading session following the release of its Q2 results on Aug. 4. The company experienced a high growth in volumes across various segments. Driven by solid growth in service revenues and product sales, Williams’ overall topline for the quarter increased 19.1% year-over-year to $2.8 billion. However, this figure missed the Street’s expectations by a large margin.

Meanwhile, its adjusted net income grew by a much more modest 8.6% year-over-year to $566, and its adjusted EPS of $0.46 fell short of the consensus estimates by 6.1%.

For the full fiscal 2025, ending in December, analysts expect WMB to deliver an adjusted EPS of $2.21, up 15.1% year-over-year. The company has a mixed earnings surprise history. While it surpassed the Street’s bottom-line estimates thrice over the past four quarters, it missed the projections on one other occasion.

The stock has a consensus “Moderate Buy” rating overall. Of the 20 analysts covering the WMB stock, opinions include 10 “Strong Buys,” two “Moderate Buys,” and eight “Holds.”

This configuration is notably more bullish than two months ago, when nine analysts gave “Strong Buy” recommendations and one analyst advocated a “Strong Sell” rating.

On Jul. 15, RBC Capital analyst Elvira Scotto reiterated an “Outperform” rating on WMB and maintained a price target of $63.

WMB’s mean price target of $63.94 suggests an 8.4% upside potential. Meanwhile, the Street-high target of $74 represents a 25.4% premium to current price levels.