Company Analysis

Williams Companies Inc. (WMB)

NYSE: WMB · Natural Gas Transmission · Tulsa, OK · filing with the SEC since 1994
Grade5.1
◀ Past 6.0● Present 4.8▶ Future 4.9
The companyfiscal 2025, as filed
Revenue$11.95B+13.8%
Net income$2.62B+17.7%
Earnings per share$2.14+17.6%
Operating cash flow$5.90B+18.6%
Cash$63.0M+5.0%
Debt$27.32B+10.4%
Shareholders’ equity$14.99B+1.0%
Shares, diluted1.23B+0.2%
Return on equity17.5%
The recordfrom its filings
Filings in 2026130
Newest filingNov 3 · 4
Annual reportFeb 24, 2026
Quarterly reportNov 2, 2026
Next report due10-K by Mar 1
Insider sales, 12 months$11.3M
Insider buys, 12 months$0.00
Patents granted142
Filer categoryLarge accelerated filer
Trailing twelve months to Jun 2026Revenue $12.20BNet income $3.07BCash from operations $5.99Bthe four newest filed quarters added
Left: the newest annual report, with the change on the year before. Right: counted from the company's own filings with the SEC.
Revenue and net income by fiscal yearRevenueNet income
16171819202122232425
As filed, in USD. Nothing here is a forecast.

The company now

Williams reported second-quarter 2026 net income of $827 million, up 51 percent from a year earlier, and adjusted EBITDA of $1.921 billion 2.

Adjusted EBITDA is a profit measure before interest, taxes and depreciation that the company adjusts for one-off items 2.

Chief executive Chad Zamarin credited transmission and Gulf Coast expansions, higher natural gas storage revenues and strong gathering performance 2.

On 3 August 2026 Williams agreed to acquire Momentum Midstream, a Haynesville Shale gas gathering and pipeline business, for up to $5.5 billion, including about $2 billion of its own stock 19.

BIC Magazine reported on 4 September 2026 that Williams had closed the acquisition 10.

Williams now expects 2026 adjusted EBITDA of $8.3 billion to $8.5 billion 2.

The open question is whether Socrates, its first power project for data centers, finishes its second phase in the fourth quarter, as the company expects 1.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.

News

Nov 3, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Nov 2, 2026 · SEC EDGAR · Form 8-K
Current report
Open the filing on sec.gov
Nov 2, 2026 · SEC EDGAR · Form S-3ASR
Shelf registration
Open the filing on sec.gov
Nov 2, 2026 · SEC EDGAR · Form 10-Q
Quarterly report
Open the filing on sec.gov
Nov 2, 2026 · SEC EDGAR · Form 8-K
Results released
Open the filing on sec.gov
Oct 2, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
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SI Assistanton WMB · research, not advice