The Williams Companies, Inc.

The Williams Companies, Inc.

WMB
The Williams Companies, Inc.US flagNew York Stock Exchange
74.16
USD
+1.12
- -
90.71BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
10.04
10.22
9.83
10
9.72
7.18
6.77
6.36
8.74
9
8.96
8.61
9.79
9.98
Basic EPS, GAAP
0.63
2.83
-0.76
-0.57
2.63
-0.13
0.7
0.17
1.25
1.68
2.61
1.82
2.14
2.51
Free Cash Flow per Basic Share
3.25
2.83
3.62
5.54
3.69
2.71
3.01
2.85
3.24
3.99
4.83
3.99
4.74
4.85
Dividend per Share
1.44
1.89
2.45
1.68
1.2
1.14
1.52
1.6
1.64
1.7
1.79
1.9
2
2.05
Book Value per Share
7.12
11.75
8.21
6.19
11.69
12.08
11
9.67
9.37
9.4
10.17
10.17
10.45
10.76
Tangible Book Value per Share
3.77
-3.74
-5.17
-6.69
1.05
5.67
4.43
3.54
3.28
3.36
3.92
4.26
4.92
5.38
Basic Weighted Avg Shares
683
747
749
750
826
1,211
1,212
1,214
1,215
1,218
1,218
1,219
1,221
1,223
Sales/Revenue/Turnover
6,860
7,637
7,360
7,499
8,031
8,686
8,201
7,719
10,627
10,965
10,907
10,503
11,950
12,204
Operating Margin (%)
19.46
18.19
19.12
20.83
21.84
22.92
29.08
33.31
24.76
27.52
38.43
31.79
36.89
38.33
Depreciation Expense
815
1,176
1,738
1,763
1,736
1,725
1,714
1,721
1,842
2,009
2,071
2,219
2,347
2,333
Net Income, GAAP
430
2,114
-571
-424
2,174
-155
850
211
1,517
2,049
3,179
2,225
2,618
3,073
Effective Tax Rate (%)
37.13
34.85
- -
- -
- -
41.69
31.48
28.52
24.65
16.72
22.81
21.43
23.64
23.45
Profit Margin (%)
6.27
27.68
-7.76
-5.65
27.07
-1.78
10.36
2.73
14.27
18.69
29.15
21.18
21.91
25.18
Working Capital
-300
-677
-970
-1,487
-467
-347
-2,388
-890
-423
-1,093
-1,317
-2,651
-2,862
-3,423
LT Debt
11,353
20,780
23,812
22,624
20,434
22,367
20,148
21,451
21,650
21,927
23,376
24,736
27,316
28,121
Total Equity
8,921
20,172
16,225
14,046
16,175
15,997
16,364
14,583
14,101
14,045
14,891
14,840
14,995
15,368
Return on Invested Capital (%)
4.34
2.91
- -
- -
- -
3.07
4.24
4.86
5.3
6.72
8.26
6.31
7.81
8
Return on Capital (%)
2.65
7.63
- -
- -
- -
0.39
4.67
2.81
6.32
7.85
10.24
7.64
8.28
9.03
Return on Common Equity (%)
8.94
30.99
-7.65
-7.86
30.41
-1.28
6.06
1.66
13.1
17.92
26.67
17.94
20.78
24.02

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,077
248
2,672
LT Borrowings
27,316
30,054
28,121
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
35
35
35
Shares Outstanding
1,222
1,223
1,223
Market Capitalization
73,454
89,010
90,918

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,244
3,320
3,123
Cash, Cash Equivalents & STI
63
950
203
Accounts Receivable, Net
1,532
1,423
1,557
Inventories
314
262
335
Total Current Liabilities
6,106
4,006
6,546
Payables & Accruals
2,566
2,271
2,220
ST Debt
2,077
248
2,672
Deferred Revenue
165
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.5%
0.6%
1.04%
Free Cash Flow
10.05%
12.01%
18.96%
Net Income, GAAP
-77.23%
139.37%
17.66%
Sales/Revenue/Turnover
5.61%
10.08%
13.78%
Total Cash Common Dividend
4.87%
4.71%
5.45%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,771
2,336
2,653
2,743
10,503
2025
3,048
2,781
2,923
3,198
11,950
2026
3,030
3,053
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.52
0.33
0.58
- -
1.82
2025
0.57
0.45
0.53
- -
2.14
2026
0.71
0.68
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.48
0.47
0.47
- -
1.9
2025
0.5
0.5
0.5
- -
2
2026
0.52
0.52
- -
- -
- -

Company Description

APIChatGPT
CEO
Chad J. Zamarin
Full Time Employees
5,987
Sector
Energy
Industry
Oil & Gas Midstream
Address
One Williams Center Tulsa OK United States of America 74172
IPO Date
Dec 31, 1981
Business
The Williams Companies, Inc. (WMB) operates as a leading energy infrastructure company focused on natural gas gathering, processing, transportation, and storage primarily in the United States. It owns and operates approximately 33,000 miles of interstate natural gas pipelines, including the Transco and Northwest pipelines; gathering and processing facilities in key shale regions such as the Marcellus and Utica in Pennsylvania, New York, and Ohio, the Haynesville in northwest Louisiana, the Eagle Ford in south Texas, the Rocky Mountains in Colorado and Wyoming, and the Mid-Continent including the Anadarko, Arkoma, and Permian basins; natural gas liquids fractionation and marketing services; crude oil production handling in the Gulf Coast; and natural gas storage assets including six underground facilities in Louisiana and Mississippi acquired in 2024. The company handles about one-third of U.S. daily natural gas consumption used for heating, cooking, electricity generation, and emerging demands like power for AI data centers, serving customers including utilities, producers, LNG exporters, and industrial users across North America. Founded in 1908 by brothers Miller and David Williams in Fort Smith, Arkansas, and headquartered in Tulsa, Oklahoma since 1919, Williams structures its operations into segments encompassing Transmission and Gulf of Mexico, Northeast Gathering & Processing, West, and Gas & NGL Marketing Services. Recent developments include the 2025 closure of a strategic partnership with Woodside Energy, under which Williams acquired an 80% interest and operatorship of Driftwood Pipeline and a 10% stake in Louisiana LNG HoldCo for $250 million plus capital reimbursement, alongside a 1.5 million tonnes per annum LNG offtake commitment and total expected investment of $1.9 billion; the sale of its minority interest in South Mansfield upstream assets to JERA for $398 million plus deferred payments through 2029, while retaining gathering commitments to expand the Louisiana Energy Gateway system; the acquisition of Saber Midstream in the Haynesville region; and the January 2024 purchase of Gulf Coast Storage assets from Hartree Partners for $1.95 billion, adding six storage facilities, 230 miles of transmission pipeline, and 30 interconnects. Williams placed into service key projects such as the Texas to Louisiana Energy Pathway, Southeast Energy Connector, Ballymore and Shenandoah deepwater expansions, and Louisiana Energy Gateway expansions; broke ground on the $1.6 billion Socrates Power Innovation project for onsite natural gas and power generation supporting AI infrastructure, later expanded by $400 million to $2 billion with two additional initiatives; and secured precedent agreements for Pine Prairie storage, MountainWest's Green River West, and Transco's Wharton West expansions. These moves advance Williams' wellhead-to-water strategy, enhance LNG market access, and position the company for growth in lower-carbon energy solutions amid rising demand.

Company News

APIChatGPT
  • Assenagon Asset Management S.A. Sells 733,339 Shares of Williams Companies, Inc. (The) $WMB

  • 3 Oil & Gas Pipeline Stocks to Weather Industry Headwinds

  • First Bank & Trust Has $3.41 Million Holdings in Williams Companies, Inc. (The) $WMB

  • Williams Companies Q2 Earnings Call Highlights

  • Can WMB's Momentum Deal Power 11% Growth Through 2030 and Beyond?

  • Williams Companies Q2 Earnings & Revenues Miss Estimates, Increase Y/Y

  • The Williams Companies: Haynesville Dominance And Blackstone JV Fuel Long-Term Setup

  • Williams Companies Inc (WMB) (Q2 2026) Earnings Call Highlights: Raises Guidance and Boosts Long-Term Growth Target to 11% CAGR

  • The Williams Companies, Inc. (WMB) Q2 2026 Earnings Call Transcript

  • The North American Midstream Universe in a Chart

  • Williams to buy Momentum for $5.5 billion, misses quarterly estimates

  • The Williams Companies (WMB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

  • Williams Companies, Inc. (The) (WMB) Q2 Earnings and Revenues Lag Estimates

  • EnCap Flatrock Announces Sale of M6 Midstream to Williams for $5.5 Billion

  • These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar

  • BankChampaign National Association Takes $898,000 Position in Williams Companies, Inc. (The) $WMB

  • Insights Into The Williams Companies (WMB) Q2: Wall Street Projections for Key Metrics

  • Williams Improves on Key Sustainability Metrics Amid Rising Energy Demand

  • Williams Improves on Key Sustainability Metrics Amid Rising Energy Demand

  • Williams Announces Quarterly Cash Dividend