Why did WMB's Q2 2024 EPS fall short of expectations?

The EPS of The Williams Companies (WMB) in Q2 2024 was $0.33, which fell short of the expected EPS. This shortfall can be attributed to several factors: |code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code| |---|---|---|---|---|---|---| |WMB|WMB.N|The Williams|2023 Q3|10.204081632653072|0.54|169| |WMB|WMB.N|The Williams|2024 Q1|-31.57894736842105|0.52|169| |WMB|WMB.N|The Williams|2024 Q2|-13.157894736842103|0.33|169| 1. **Higher Expenses**: The decrease in profit margin was driven by higher expenses. This suggests that the company's costs increased, which negatively impacted its net income and, consequently, its EPS. 2. **Decreased Revenue from Marketing and Upstream Segments**: Despite overall growth, there was a year-over-year lower earnings contribution from the marketing and upstream segments. This decrease in revenue from key segments could have contributed to the lower-than-expected EPS. In summary, the lower-than-expected EPS in Q2 2024 for The Williams Companies can be attributed to higher expenses and decreased revenue from certain segments.