Williams Delivers Strong Second-Quarter 2025 Results and Raises Full-Year 2025 Guidance

How does the company's Q2 performance impact its credit rating outlook? How does the company's Q2 revenue growth compare to its peers in the utilities sector? How does the guidance revision affect the implied target price from major analysts? How does the Q2 operating margin compare to the same quarter last year and to industry averages? How does the revised full‑year 2025 EPS guidance compare to prior guidance and market expectations? How does the update to full‑year guidance affect the valuation multiples (P/E, EV/EBITDA) used by traders? What are the expectations for the upcoming earnings call and any potential updates to guidance? What are the risks highlighted by management that could affect the full‑year outlook? What is the market’s immediate reaction to the news (price movement, trading volume) and likely short‑term price impact? What is the outlook for capital expenditures (CapEx) for the rest of 2025 and how will it affect cash flow? What were the key drivers behind the strong Q2 performance (e.g., revenue growth, margin expansion, cost control)? What were the management’s comments on future growth initiatives or potential acquisitions? Which business segments contributed most to the Q2 results and are they sustainable? What was the reported earnings per share (EPS) for Q2 2025 and how does it compare to analyst consensus? Are there any significant regulatory or policy developments that could impact future earnings? Did the company announce any dividend changes or share repurchase plans that could affect investor returns? How does the guidance change affect the implied expected return for investors in the next 12 months? What is the company’s debt profile and any changes to its leverage ratios after Q2? What is the company’s free cash flow generation in Q2 and its trajectory for the rest of the year? What is the expected impact of the Q2 results on the company’s dividend payout ratio?