How does the Q2 operating margin compare to the same quarter last year and to industry averages?
Answer
The brief you provided (the headline, summary, and metadata) does not contain the specific operatingâmargin figures for Williams (tickerâŻWMB) for Q2âŻ2025, nor does it give the margin for the same quarter in 2024 or the relevant industryâaverage benchmark. Because those numbers are missing, a direct, dataâdriven comparison cannot be made from the information at hand.
What would be needed to answer the question
Metric | Data required |
---|---|
Williamsâ Q2âŻ2025 operating margin | Usually disclosed in the âOperating performanceâ or âFinancial highlightsâ section of the earnings release (e.g., âOperating margin was X.YâŻ% for the quarterâ). |
Williamsâ Q2âŻ2024 operating margin | The priorâyear quarterâs margin, which is typically shown in a âYearâoverâyear comparisonâ table or mentioned in the press release narrative. |
Industry average operating margin for Q2âŻ2025 | A benchmark from a comparable peer group (e.g., other regulated utilities, midâstream gas operators, or the broader energy sector). This is often provided by analysts in a âIndustry comparisonâ chart or can be sourced from thirdâparty data providers such as S&P Global, Bloomberg, or the Edison Electric Institute. |
How the comparison is usually presented
- Yearâoverâyear change: The press release will often state something like âOur Q2 operating margin improved to X.YâŻ% versus Y.ZâŻ% in Q2âŻ2024, representing aâŻ% increase (or decrease).â
- Industry benchmark: A typical line might read âOur margin remains above the industry average of A.BâŻ% for the quarterâ or a chart will plot Williamsâ margin alongside the peer median.
What you can do next
- Locate the full earnings release â The complete Business Wire article (or the companyâs investorârelations page) will contain the detailed financial tables and commentary that include the operatingâmargin numbers.
- Check the 10âK/10âQ filing â Williamsâ FormâŻ10âQ for the quarter ending JuneâŻ30âŻ2025 will have a âManagementâs Discussion and Analysisâ (MD&A) section with margin data and may also provide a comparison to prior periods.
- Consult analyst reports â Brokerage research notes (e.g., from Morgan Stanley, Goldman Sachs, etc.) often summarize the margin performance and compare it to the sector median.
- Use industry data sources â If you need a broader benchmark, databases such as S&P Capital IQ, Bloomberg Terminal, or the U.S. Energy Information Administration (EIA) publish average operatingâmargin metrics for regulated utilities and midâstream operators.
Bottom line
Based solely on the excerpt you shared, we cannot quantify how Williamsâ Q2âŻ2025 operating margin stacks up against Q2âŻ2024 or against industry averages. To provide a precise answer, youâll need to retrieve the detailed earnings release (or the accompanying SEC filing) where those margin figures are disclosed, and then compare them to the priorâyear numbers and the relevant industry benchmark. If you can supply those numbers, Iâll gladly calculate the percentage changes and contextualize them relative to the industry.