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The Williams Companies, Inc.

The Williams Companies, Inc.

NYSE•WMB
CEO: Mr. Alan S. Armstrong
Sector: Energy
Industry: Oil & Gas Midstream
Listing Date: 1981-12-31
The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region. The Northeast G&P segment engages in the midstream gathering, processing, and fractionation activities in the Marcellus Shale region primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment consists of gas gathering, processing, and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of South Texas, the Haynesville Shale region of northwest Louisiana, the Mid-Continent region that includes the Anadarko and Permian basins, and the DJ Basin of Colorado; and operates natural gas liquid (NGL) fractionation and storage facilities in central Kansas near Conway. The Gas & NGL Marketing Services segment provides wholesale marketing, trading, storage, and transportation of natural gas for natural gas utilities, municipalities, power generators, and producers; asset management services; and transports and markets NGLs. The company owns and operates 33,000 miles of pipelines. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.
Contact Information
One Williams Center, Tulsa, OK, 74172, United States
800-945-5426
www.williams.com
Market Cap
$72.96B
P/E (TTM)
30.8
18.9
Dividend Yield
3.3%
52W High
$65.55
52W Low
$51.58
52W Range
58%
Rank56Top 70.4%
2.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$2.92B+10.18%
4-Quarter Trend

EPS

$0.53-8.62%
4-Quarter Trend

FCF

$485.00M-13.55%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Up 13 Percent Total revenues reached $8.75B USD for nine months ended September 30, 2025, marking an increase of 13% versus prior year.
Net Income Attributable Growth Net income attributable to common stockholders was $1.88B USD for nine months, showing an 8% favorable change from 2024.
Strong Operating Cash Flow Net cash provided by operating activities totaled $4.32B USD for nine months, up $566M compared to the same period last year.
Acquisition Integration Benefits Service revenues increased $512M USD, driven by expansion projects and higher rates across Transmission, Power & Gulf segments.

Risk Factors

Commodity Derivative Volatility Unrealized gains/losses from commodity derivatives caused $133M USD unfavorable impact to total revenues for nine months ended September 30, 2024.
Potential Asset Impairment Carrying value of certain assets may exceed fair value; future strategic decisions could result in material impairment charges.
Credit Rating Downgrade Risk A downgrade to non-investment grade status could trigger $12M USD collateral requirement under Williams' derivative contracts.
Regulatory Uncertainty Impact New environmental regulations, like the Washington State Climate Commitment Act, may increase future costs for compliance.

Outlook

Capital Spending Planned Growth capital expenditures for 2025 are projected between $3.95B USD and $4.25B USD, excluding potential acquisitions.
Major Project Placements NWP's Ryckman Creek Loop and Williams' Power Innovation projects are scheduled for service in late 2026 or later.
Debt Maturity Management Williams has $2.2B USD long-term debt due within one year, addressable via cash, refinancing, or credit facility utilization.
Upstream Asset Divestiture Williams agreed to sell South Mansfield interests for $398M USD cash, expecting a gain in the fourth quarter of 2025.

Peer Comparison

Revenue (TTM)

BP p.l.c.BP
$187.67B
-4.0%
Petróleo Brasileiro S.A. - PetrobrasPBR
$86.40B
-11.6%
Enbridge Inc.ENB
$64.23B
+32.4%

Gross Margin (Latest Quarter)

The Williams Companies, Inc.WMB
83.9%
+25.0pp
TC Energy CorporationTRP
48.5%
+3.4pp
Petróleo Brasileiro S.A. - PetrobrasPBR
47.8%
-3.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BP$546.75B150.31.1%26.7%
ENB$103.63B21.510.0%47.8%
PBR$78.49B5.419.9%31.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.1%
Moderate Growth
4Q Net Income CAGR
10.0%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 11, 2026
|
EPS:$0.57
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 3, 2025|
    Revenue: $2.92B+10.2%
    |
    EPS: $0.53-8.6%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 4, 2025|
    Revenue: $2.77B+18.6%
    |
    EPS: $0.45+36.4%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 5, 2025|
    Revenue: $3.05B+10.0%
    |
    EPS: $0.57+9.6%
    Meet
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 25, 2025|
    Revenue: $10.50B-3.7%
    |
    EPS: $1.82-30.3%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $2.65B+3.7%
    |
    EPS: $0.58+7.4%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 5, 2024|
    Revenue: $2.34B-5.9%
    |
    EPS: $0.33-13.2%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 6, 2024|
    Revenue: $2.77B-10.1%
    |
    EPS: $0.52-31.6%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 21, 2024|
    Revenue: $10.91B-0.5%
    |
    EPS: $2.61+55.4%
    Beat