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
Market Cap
$89.81B
P/E (TTM)
34.3
20
Dividend Yield
2.7%
52W High
$76.87
52W Low
$51.58
52W Range
Rank50Top 68.9%
3.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$3.20B+0.00%
4-Quarter Trend
EPS
$0.60+0.00%
4-Quarter Trend
FCF
-$485.00M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Net Income Rises 18% Net income attributable to stockholders reached $2.62B USD in 2025, marking an 18% increase from prior year results.
Service Revenue Up 9% Service revenues totaled $8.35B USD, growing 9% due to expansion projects across Transmission, Power & Gulf segments.
Commodity Sales Revenue Strong Commodity consideration revenue increased 11% to $3.48B USD, driven by higher volumes and favorable pricing activities.
Risk Factors
Commodity Price Volatility Risk Volatile natural gas, NGL, and oil prices could adversely affect financial condition, cash flows, and ability to maintain business.
Regulatory Hurdles Threaten Growth Opposition and delays in necessary permits could hinder construction and expansion efforts across key infrastructure projects.
Cybersecurity Breach Exposure Breach of IT infrastructure, including attacks on third parties, may interfere with safe asset operation and cause reputational harm.
Outlook
2026 Capital Spending Planned Growth capital and investment expenditures for 2026 are projected to range between $6.1B USD and $6.7B USD.
Transco Rate Case Settlement Transco's general rate case settlement was approved, effective March 1, 2026, resolving rate increase issues subject to refund.
Power Innovation Projects Advance Williams continues investing in power innovation projects, expecting Socrates to enter service in late 2026.
Peer Comparison
Revenue (TTM)
$189.34B
$132.97B
$90.81B
Gross Margin (Latest Quarter)
67.9%
49.7%
46.8%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| PBR | $122.25B | 5.5 | 27.0% | 31.4% |
| ENB | $117.01B | 21.3 | 12.3% | 48.2% |
| BP | $110.56B | 1981.1 | 0.1% | 30.3% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.6%
Moderate Growth
4Q Net Income CAGR
2.0%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:May 4, 2026
EPS:$0.60
|Revenue:$3.26B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data