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The Williams Companies, Inc. (WMB) Stock: Price, Forecast & Analyst Target

The Williams Companies, Inc. (WMB) — MoonshotScore 55/100 (Fair band), calculated Oct 5, 2026. Price $70.54 (+1.91%), as of the Oct 2, 2026 trading session; market cap $86.3B. Expected results Nov 2, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 425.12× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Nov 2, 2026

$70.54 +$1.32 (+1.91%) Market Cap $86.3B

The Williams Companies, Inc. · WMB · NYSE · Energy · Oil & Gas Midstream

Research dated 2026-09-12: Williams moves, processes, stores and markets natural gas and natural gas liquids through Transco, Northwest and gathering systems across major producing regions; it is primarily an infrastructure and marketing business, not an exploration-led producer. The issue that matters is whether operating cash generation can support a rising investment load and heavy debt without weakening the earnings produced by that network.

Price as of Oct 2, 2026

Key Statistics

55 of 100

MoonshotScore v2 · The Williams Companies (WMB)

Fair
Business Quality Solid (78)
Financial Safety Fragile (19)
Valuation Rich (27)
Growth Durability Growing (73)
Momentum Quiet (57)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

High quality and durable growth, but a fragile balance sheet and a full valuation. Business Quality: Solid; Financial Safety: Fragile; Valuation: Rich; Growth Durability: Growing; Momentum: Quiet.

Price relative to book value is the main valuation drag relative to sector peers.

  • quarterly revenue $3.05B (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 3 of 8
  • expected results Nov 2, 2026

Holding back: balance-sheet strain, a rich price

Helping: business quality, durable growth

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for WMB (29 recorded, newest six shown)
RecordedScoreBand
54Fair
54Fair
54Fair
54Fair
54Fair
54Fair

The score moved from 54 in the stored Oct 4, 2026 snapshot to 55 in the current publication computed Oct 5, 2026 (+1); the largest pillar moves were Valuation -1. This current publication is not yet represented in the immutable snapshot archive.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$70.54
Change on the day+1.91%
52-week range$56.19 – $80.08
Market capitalisation$86.3B
Price / earnings (trailing)27.99
Shares traded on the day8.28M
Beta (volatility vs the S&P 500)0.62
Dividends per share (last 12 months)$2.08
Dividend yield (last 12 months)2.94%

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $57, high $78, latest $71. 4 reported quarters marked, 1 above and 3 below the recorded estimate. $78 $57 high $78 Nov 3, 2025 · Earnings results · reported below the recorded estimate · close $581Feb 10, 2026 · Earnings results · reported below the recorded estimate · close $722May 4, 2026 · Earnings results · reported above the recorded estimate · close $763Aug 3, 2026 · Earnings results · reported below the recorded estimate · close $724 Sep 5, 2025 Oct 2, 2026 · $71 $57Sep 5, 2025$60Sep 19, 2025$64Oct 3, 2025$62Oct 17, 2025$58Oct 31, 2025$61Nov 14, 2025$61Nov 28, 2025$60Dec 12, 2025$60Dec 26, 2025$60Jan 9, 2026$65Jan 23, 2026$67Feb 6, 2026$73Feb 20, 2026$74Mar 6, 2026$72Mar 20, 2026$72Apr 2, 2026$71Apr 17, 2026$76May 1, 2026$78May 15, 2026$71May 29, 2026$72Jun 12, 2026$78Jun 26, 2026$75Jul 10, 2026$74Jul 24, 2026$70Aug 7, 2026$70Aug 21, 2026$74Sep 4, 2026$72Sep 18, 2026$71Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · below the recorded estimate
  • · Earnings results · below the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · below the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

The provider's estimated date can change.

What to watch next

Other perspectives

Council score for The Williams Companies (WMB): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Moderate
Momentum Neutral
Business Quality Moderate
Financial Safety Negative
Valuation Weak

Legends Council

5 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Favorable read
Englander-style lens (simulated) Izzy Englander Unfavorable read
Klarman-style lens (simulated) Seth Klarman Unfavorable read
Moon AI lens (model) Favorable read

Read on: Oct 2, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Neutral
Margin of Safety Fairly Valued
Profit Margin Strong
Revenue Growth Moderate
Debt/Equity Negative
ROE Strong
Gross Margin Strong

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 10, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the WMB film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is The Williams Companies (WMB), and what does it report?

Short answer · as of

The company sells transmission, gathering, processing, treating, fractionation, storage, transportation, wholesale marketing and risk-management services to utilities, municipalities, power generators and producers.

Research dated 2026-09-12.

The company sells transmission, gathering, processing, treating, fractionation, storage, transportation, wholesale marketing and risk-management services to utilities, municipalities, power generators and producers. Its reporting spans Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services, so consolidated revenue combines physical-network services with commodity marketing and trading activity.

Marketing is the larger disclosed revenue contributor relative to West. That mix means top-line movement is not a clean proxy for pipeline throughput or operating earnings; the income statement has shown revenue and profit moving at different rates.

Sources (as of 2026-09-12): Sector / industry (provider taxonomy); Business description; Revenue by segment; Quarterly income statement (USD thousands); Annual revenue and net result (USD millions)

2 · Latest results

What do the latest results show for The Williams Companies (WMB)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $3.05B.

Research dated 2026-09-12.

The latest quarter kept revenue broadly steady and lifted gross profit, while operating income, net income and diluted earnings eased from the preceding period. The earnings release also delivered revenue above consensus while earnings landed near the estimate, extending an uneven history in which revenue surprises have often been positive but earnings comparisons have varied.

Annual revenue and net income improved in the latest completed year, and operating cash flow has remained robust. Capital spending recently outstripped operating cash flow, however, leaving resilient business activity alongside a more demanding build cycle rather than improving cash after investment.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Reported versus estimated, last 8 quarters; Operating cash flow by quarter (USD millions); Most recent periodic reports

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$3.05B Jun 30, 2026
Latest quarter · SG&A
$180.00M Jun 30, 2026
Latest quarter · FMP standardized operating result
$1.18B Jun 30, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026$3.05BNot available$180.00M$1.18B
Mar 31, 2026$3.03BNot available$193.00M$1.32B
Dec 31, 2025$3.20BNot available$191.00M$1.31B
Sep 30, 2025$2.92BNot available$168.00M$1.11B

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$3.05B Aug 3, 2026
Latest report · revenue estimate
$2.83B Aug 3, 2026
Latest report · revenue vs estimate
Above estimate Aug 3, 2026
Latest report · EPS vs estimate
Below estimate Aug 3, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Aug 3, 2026$3.05B$2.83B$0.5000$0.5020
May 4, 2026$3.03B$3.28B$0.7300$0.6340
Feb 10, 2026$3.20B$3.02B$0.5500$0.5730
Nov 3, 2025$2.92B$2.88B$0.4900$0.5160

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$3.05B$827M$0.68 (diluted)
Q1 FY2026$3.03B$865M$0.71 (diluted)
Q4 FY2025$3.20B$734M$0.60 (diluted)
Q3 FY2025$2.92B$647M$0.53 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for The Williams Companies (WMB)?

Short answer

Cash and short-term investments were $203.00M at the Jun 30, 2026 balance-sheet date. Operating cash flow was $1.38B for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.

Research dated 2026-09-12.

Operating cash flow has remained positive throughout the reported quarters and recently ran above earlier levels. That recurring inflow gives Williams meaningful internal funding capacity, but capital demands can consume or exceed it.

Debt towers over cash and short-term investments, liquidity ratios indicate that current resources do not cover current obligations, and the cash balance has swung sharply rather than building steadily. Long-term investments account for most of the broader cash-and-investment total, but their classification does not establish ready liquidity. A sustained gap between operating cash flow and capital spending would become more consequential if transported, gathered, processed or marketed activity weakened.

Sources (as of 2026-09-12): Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash against market value; Trailing twelve-month ratio set

Data-derived red flags

  • Financial-distress signal — its Altman Z-Score of 1.30 sits in the distress zone (elevated bankruptcy risk).
  • Inconsistent delivery — missed Wall Street EPS estimates in 3 of the last 8 reported quarters.
  • Rich valuation — a P/E of 27.99 runs well above the Energy sector’s ~14.90x, leaving little room for a miss.

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
$1.38B Jun 30, 2026
Previous quarter · operating cash flow
$1.60B Mar 31, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jun 30, 2026$1.38B−$1.83B
Mar 31, 2026$1.60B−$1.36B
Dec 31, 2025$1.58B−$2.06B
Sep 30, 2025$1.44B−$954.00M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at The Williams Companies (WMB)?

Short answer · as of

The next earnings report is expected on Nov 2, 2026.

Research dated 2026-09-12.

The next report needs to reveal whether stable revenue converts into renewed operating and net income growth, whether operating cash flow again covers capital spending, and whether cash rebuilds without further balance-sheet strain. The marketing-versus-network mix also deserves attention because revenue expectations remain widely dispersed and do not trace a smooth longer-range path.

The latest revenue beat did not produce an earnings beat, making profit conversion more informative than another top-line surprise. Recent material-agreement filings also make any disclosed effect on debt, investment spending or asset scope relevant when subsequent reporting arrives.

Sources (as of 2026-09-12): Next earnings report; Analyst revenue and earnings estimates (average); Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Recent SEC filings

5 · Peer comparison

How does The Williams Companies compare with its peers?

Short answer

The Williams Companies's score ranks 13th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

Relative to an upstream producer, Williams earns from moving and conditioning gas as well as marketing it, so producer output is customer activity as much as it is a direct sales product. Relative to a pipeline-only model, the marketing operation makes reported revenue more sensitive to wholesale transaction activity, while Transco, Northwest, Gulf assets and gathering systems spread operating exposure across end markets and producing basins.

That combination makes operating profit and cash conversion more informative than revenue alone when comparing Williams with other midstream businesses.

Sources (as of 2026-09-12): Sector / industry (provider taxonomy); Business description; Revenue by segment; Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Operating cash flow by quarter (USD millions)

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Canadian Natural Resources Limited (CNQ) Named competitor$48.44 Oct 2, 2026$101B89 5-pillar Oct 5, 2026
Cheniere Energy Partners, L.P. (CQP) Same industry, near in market value$61.31 Oct 2, 2026$29.7B84 5-pillar Oct 5, 2026
Petróleo Brasileiro S.A. - Petrobras (PBR) Named competitor$21.65 Oct 2, 2026$140B77 5-pillar Oct 5, 2026
Cheniere Energy, Inc. (LNG) Same industry, near in market value$268.05 Oct 5, 2026$56.2B76 5-pillar Oct 5, 2026
MPLX Lp (MPLX) Same industry, near in market value$56.38 Oct 2, 2026$57.2B75 5-pillar Oct 5, 2026
Western Midstream Partners, LP (WES) Same industry, near in market value$44.76 Oct 2, 2026$18.5B68 5-pillar Oct 5, 2026
Targa Resources Corp. (TRGP) Same industry, near in market value$281.74 Oct 2, 2026$60.5B63 5-pillar Oct 5, 2026
Enterprise Products Partners L.P. (EPD) Named competitor$36.07 Oct 5, 2026$78.0B60 5-pillar Oct 5, 2026
ONEOK, Inc. (OKE) Same industry, near in market value$87.88 Oct 2, 2026$55.4B59 5-pillar Oct 5, 2026
Energy Transfer LP (ET) Named competitor$20.47 Oct 2, 2026$70.4B57 5-pillar Oct 5, 2026
Kinder Morgan, Inc. (KMI) Same industry, near in market value$31.07 Oct 2, 2026$69.2B56 5-pillar Oct 5, 2026
Pembina Pipeline Corporation (PBA) Same industry, near in market value$45.89 Oct 2, 2026$26.7B56 5-pillar Oct 5, 2026
The Williams Companies (WMB) — this page$70.54$86.3B55

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Energy stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$82.00 – $103.00
Consensus target
$87.27
Median target
$85.00

Consensus record · Captured .

Measured against a quoted price of $70.54 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Oct 1, 2026

Transactions
34
Identified insiders
16
Purchases
0
Sales
12
Other transactions
22

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
90.3% Period end Jun 30, 2026
Previous quarter · ownership
86.0% Prior to period end Jun 30, 2026
Reporting holders
1,901 Period end Jun 30, 2026
Previous quarter · holders
1,878 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Blackrock, INC.115,500,312
Vanguard Capital Management LLC79,848,153
State Street Corp72,015,506
Bank Of America Corp /De/44,667,824
Vanguard Portfolio Management LLC43,513,739

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about The Williams Companies (WMB)?

Read these with our analysis →

WMB Energy Stock FAQ

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.

Why can Williams revenue rise while operating profit falls?

Gas and NGL marketing sits alongside transmission and processing services, so consolidated revenue can change with wholesale activity without producing a matching change in operating profit. The latest period displayed that divergence directly.

Sources (as of 2026-09-12): Revenue by segment; Business description; Quarterly income statement (USD thousands)

What does Transco do inside Williams?

Transco sits within Transmission & Gulf of Mexico and provides natural gas pipeline transportation. It helps make Williams a network operator serving gas movement rather than an exploration-led producer selling only its own production.

Sources (as of 2026-09-12): Business description

How do Northeast G&P and West depend on producer activity?

Those operations gather, treat, process and fractionate gas and liquids across named shale and Rocky Mountain regions. Their service activity therefore depends on producer volumes entering Williams facilities and gathering systems.

Sources (as of 2026-09-12): Business description; Revenue by segment

Can Williams fund the network behind Transco and Northeast G&P from operating cash flow?

Coverage has varied at the company level. Operating cash flow remained positive, but capital spending exceeded it in the latest period after remaining below it across much of the preceding run.

Sources (as of 2026-09-12): Business description; Operating cash flow by quarter (USD millions); Trailing twelve-month ratio set

What is the WMB stock price today?

The last price recorded on this page for The Williams Companies, Inc. (WMB) is $70.54, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the WMB price target?

The analyst consensus price target for The Williams Companies, Inc. (WMB) is $87.27 (range $82.00 to $103.00, median $85.00), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

When are WMB's next earnings?

The next earnings date listed on this page for The Williams Companies, Inc. (WMB) is Nov 2, 2026. Companies sometimes move report dates, so the company's own announcement is the final word on timing.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Business description; Operating cash flow by quarter (USD millions); Cash, investments and debt; Trailing twelve-month ratio set

Sources — records for every figure on this page (81 figures)

The 81 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 1 fact from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
id.hqSEC filing business addressONE Williams CTR, Tulsa, OK, 74172OFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "One Williams Center, Tulsa, OK, 74172, US".

FMP — 68 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.lastLatest provided price$70.54FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T20:54:54.614Z.
px.changeChange on the day+1.91%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$86.3BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:02.000Z. Captured from FMP at 2026-10-04T20:54:53.037Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars+$1.32FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$3.05BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.pePrice / earnings (trailing)27.99FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day8.28MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta0.62FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveChad J. ZamarinFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees5,987FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2021 through FY2025: FY2021 revenue $10.63B, net result $1.52B; FY2022 revenue $10.96B, net result $2.05B; FY2023 revenue $10.91B, net result $3.18B; FY2024 revenue $10.50B, net result $2.23B; FY2025 revenue $11.95B, net result $2.62BFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsWest $2.85B · Gas & NGL Marketing Services $7.17BFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)73.6%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-06-30.revenue_kRevenue — period end 2026-06-30$3.05BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.sga_kSG&A — period end 2026-06-30$180.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.operating_result_kFMP standardized operating result — period end 2026-06-30$1.18BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.revenue_kRevenue — period end 2026-03-31$3.03BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.sga_kSG&A — period end 2026-03-31$193.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.operating_result_kFMP standardized operating result — period end 2026-03-31$1.32BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.revenue_kRevenue — period end 2025-12-31$3.20BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.sga_kSG&A — period end 2025-12-31$191.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.operating_result_kFMP standardized operating result — period end 2025-12-31$1.31BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.revenue_kRevenue — period end 2025-09-30$2.92BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.sga_kSG&A — period end 2025-09-30$168.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.operating_result_kFMP standardized operating result — period end 2025-09-30$1.11BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-08-03.revenue_actualRevenue · reported — report date 2026-08-03$3.05BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-03.revenue_estimatedRevenue · estimate — report date 2026-08-03$2.83BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-03.eps_actualEPS · reported — report date 2026-08-03$0.5000Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-03.eps_estimatedEPS · estimate — report date 2026-08-03$0.5020Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-04.revenue_actualRevenue · reported — report date 2026-05-04$3.03BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-04.revenue_estimatedRevenue · estimate — report date 2026-05-04$3.28BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-04.eps_actualEPS · reported — report date 2026-05-04$0.7300Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-04.eps_estimatedEPS · estimate — report date 2026-05-04$0.6340Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.revenue_actualRevenue · reported — report date 2026-02-10$3.20BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.revenue_estimatedRevenue · estimate — report date 2026-02-10$3.02BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.eps_actualEPS · reported — report date 2026-02-10$0.5500Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.eps_estimatedEPS · estimate — report date 2026-02-10$0.5730Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-03.revenue_actualRevenue · reported — report date 2025-11-03$2.92BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-03.revenue_estimatedRevenue · estimate — report date 2025-11-03$2.88BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-03.eps_actualEPS · reported — report date 2025-11-03$0.4900Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-03.eps_estimatedEPS · estimate — report date 2025-11-03$0.5160Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$203.00MFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow$1.38BFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$4.51BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$30.79BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value6.55×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-06-30.operating_cash_flow_mOperating cash flow — period end 2026-06-30$1.38BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.operating_cash_flow_mOperating cash flow — period end 2026-03-31$1.60BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-06-30.capex_mCapital expenditure (reported) — period end 2026-06-30−$1.83BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.capex_mCapital expenditure (reported) — period end 2026-03-31−$1.36BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.operating_cash_flow_mOperating cash flow — period end 2025-12-31$1.58BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.capex_mCapital expenditure (reported) — period end 2025-12-31−$2.06BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.operating_cash_flow_mOperating cash flow — period end 2025-09-30$1.44BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.capex_mCapital expenditure (reported) — period end 2025-09-30−$954.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$82.00 – $103.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$87.27FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$85.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP34 transactions · 0 purchases, 12 sales, 22 other transactions · 16 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Oct 1, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership90.3%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership86.0%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders1,901FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders1,878FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesBlackrock, INC. — shares in provider snapshot115,500,312FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesVanguard Capital Management LLC — shares in provider snapshot79,848,153FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesState Street Corp — shares in provider snapshot72,015,506FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesBank Of America Corp /De/ — shares in provider snapshot44,667,824FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesVanguard Portfolio Management LLC — shares in provider snapshot43,513,739FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 4 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateNov 2, 2026UNRECORDEDStored earnings-calendar observation — Captured 2026-09-30
earn.historyReported versus estimated, recent quartersEPS beat 3 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-03
px.range5252-week range$56.19 – $80.08UNRECORDEDStored company-profile observation — Captured 2026-10-03
fin.scoresDistress and quality screensAltman Z 1.30 · Piotroski F 6UNRECORDEDStored financial-scores observation — Captured 2026-10-05

COMPUTED — 5 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments425.12×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $203.00M at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio.
div.ttm_per_shareDividends per share, last 12 months (split-adjusted)$2.08COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-05, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate.
div.ttm_yieldDividend yield, last 12 months2.94%COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate.
earn.history.depth.2026-08-03.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($3.05B) with the recorded estimate ($2.83B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-08-03.eps_actual.comparisonLatest report · EPS vs estimateBelow estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.5000) with the recorded estimate ($0.5020) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 3 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v255 of 100 · Fair · pillars 78 / 19 / 27 / 73 / 57OURSStock Expert AI MoonshotScore v2 engine
ours.valuation_driverRecorded valuation score driverPrice relative to book value is the main valuation drag relative to sector peers.OURSStock Expert AI MoonshotScore v2 engine · stored factor contributions
ours.moonshot_changeMoonshotScore movement54 (stored snapshot Oct 4, 2026) → 55 (current publication computed Oct 5, 2026) (+1)OURSStock Expert AI current score publication and immutable score snapshots — The current score publication is not yet represented in the immutable snapshot archive.

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-06-30.revenue_k, fin.q_table.depth.2026-06-30.sga_k, fin.q_table.depth.2026-06-30.operating_result_k, fin.q_table.depth.2026-03-31.revenue_k, fin.q_table.depth.2026-03-31.sga_k, fin.q_table.depth.2026-03-31.operating_result_k, fin.q_table.depth.2025-12-31.revenue_k, fin.q_table.depth.2025-12-31.sga_k, fin.q_table.depth.2025-12-31.operating_result_k, fin.q_table.depth.2025-09-30.revenue_k, fin.q_table.depth.2025-09-30.sga_k, fin.q_table.depth.2025-09-30.operating_result_k.
  2. Earnings-history note. Source series as of 2026-08-03. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-08-03.revenue_actual, earn.history.depth.2026-08-03.revenue_estimated, earn.history.depth.2026-08-03.revenue_actual.comparison, earn.history.depth.2026-08-03.eps_actual.comparison, earn.history.depth.2026-08-03.eps_actual, earn.history.depth.2026-08-03.eps_estimated, earn.history.depth.2026-05-04.revenue_actual, earn.history.depth.2026-05-04.revenue_estimated, earn.history.depth.2026-05-04.eps_actual, earn.history.depth.2026-05-04.eps_estimated, earn.history.depth.2026-02-10.revenue_actual, earn.history.depth.2026-02-10.revenue_estimated, earn.history.depth.2026-02-10.eps_actual, earn.history.depth.2026-02-10.eps_estimated, earn.history.depth.2025-11-03.revenue_actual, earn.history.depth.2025-11-03.revenue_estimated, earn.history.depth.2025-11-03.eps_actual, earn.history.depth.2025-11-03.eps_estimated.
  3. Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-06-30.operating_cash_flow_m, fin.opcf.depth.2026-03-31.operating_cash_flow_m, fin.opcf.depth.2026-06-30.capex_m, fin.opcf.depth.2026-03-31.capex_m, fin.opcf.depth.2025-12-31.operating_cash_flow_m, fin.opcf.depth.2025-12-31.capex_m, fin.opcf.depth.2025-09-30.operating_cash_flow_m, fin.opcf.depth.2025-09-30.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Business description
The Williams Companies, Inc., alongside its subsidiaries, operates as a prominent energy infrastructure entity, primarily conducting business throughout the United States. The company’s operations are organized into four key segments: Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services. The Transmission & Gulf of Mexico division manages crucial natural gas pipelines such as Transco and Northwest, in addition to natural gas gathering and processing, and crude oil production handling and transportation assets situated in the Gulf Coast. This segment also oversees various petrochemical and feedstock pipelines. Focusing on midstream activities, the Northeast G&P segment handles gathering, processing, and fractionation within the Marcellus Shale region, predominantly in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment delivers gas gathering, processing, and treating services across the Rocky Mountain areas of Colorado and Wyoming, the Barnett Shale in north-central Texas, the Eagle Ford Shale in South Texas, the Haynesville Shale in northwest Louisiana, and the expansive Mid-Continent region (including the Anadarko, Arkoma, and Permian basins). This segment also operates natural gas liquid (NGL) fractionation and storage facilities located near Conway in central Kansas. The Gas & NGL Marketing Services segment provides comprehensive wholesale marketing, trading, storage, and transportation of natural gas to utilities, municipalities, power generators, and producers, while also offering risk and asset management and NGL marketing services. The company possesses and operates an extensive network, including 30,000 miles of pipelines, 29 processing facilities, 7 fractionation facilities, and an approximate NGL storage capacity of 23 million barrels. The Williams Companies, Inc. was established in 1908 and maintains its headquarters in Tulsa, Oklahoma.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$1.83B, Operating cash flow: $1.38B
  • Quarter ended 2026-03-31 — Capital expenditure: -$1.36B, Operating cash flow: $1.60B
  • Quarter ended 2025-12-31 — Capital expenditure: -$2.06B, Operating cash flow: $1.58B
  • Quarter ended 2025-09-30 — Capital expenditure: -$954.00M, Operating cash flow: $1.44B
  • Quarter ended 2025-06-30 — Capital expenditure: -$972.00M, Operating cash flow: $1.45B
  • Quarter ended 2025-03-31 — Capital expenditure: -$1.01B, Operating cash flow: $1.43B
  • Quarter ended 2024-12-31 — Capital expenditure: -$873.00M, Operating cash flow: $1.22B
  • Quarter ended 2024-09-30 — Capital expenditure: -$682.00M, Operating cash flow: $1.24B
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Cash, investments and debt
Total debt: $30.79B; Liquidity basis: cash and short-term investments; Total liabilities: $45.24B; Cash and short-term investments: $203.00M; Cash and investments: $4.72B; Long-term investments: $4.51B; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Trailing twelve-month ratio set
Quick ratio: 0.43; Current ratio: 0.48; Debt to equity: 2.33; Net margin: 25.2%; Gross margin: 73.6%; Operating margin: 40.3%; Return on assets: 5.1%; Return on equity: 23.9%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Sector / industry (provider taxonomy)
Energy / Oil & Gas Midstream

The company's SEC filings classify it under SIC 4922 — Natural Gas Transmission.

2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
West: $2.85B; Gas & NGL Marketing Services: $7.17B
2025-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: $0.68 per share, R&D: $0, SG&A: $180.00M, EPS basic: $0.68 per share, EPS basis: diluted, Revenue: $3.05B, EPS diluted: $0.68 per share, Net result: $827.00M, Gross profit: $2.54B, Operating result: $1.18B
  • Quarter ended 2026-03-31 — EPS: $0.71 per share, R&D: $0, SG&A: $193.00M, EPS basic: $0.71 per share, EPS basis: diluted, Revenue: $3.03B, EPS diluted: $0.71 per share, Net result: $865.00M, Gross profit: $2.49B, Operating result: $1.32B
  • Quarter ended 2025-12-31 — EPS: $0.6 per share, R&D: $0, SG&A: $191.00M, EPS basic: $0.6 per share, EPS basis: diluted, Revenue: $3.20B, EPS diluted: $0.6 per share, Net result: $734.00M, Gross profit: $1.50B, Operating result: $1.31B
  • Quarter ended 2025-09-30 — EPS: $0.53 per share, R&D: $0, SG&A: $168.00M, EPS basic: $0.53 per share, EPS basis: diluted, Revenue: $2.92B, EPS diluted: $0.53 per share, Net result: $647.00M, Gross profit: $2.45B, Operating result: $1.11B
  • Quarter ended 2025-06-30 — EPS: $0.45 per share, R&D: $0, SG&A: $168.00M, EPS basic: $0.45 per share, EPS basis: diluted, Revenue: $2.77B, EPS diluted: $0.45 per share, Net result: $546.00M, Gross profit: $1.05B, Operating result: $887.00M
  • Quarter ended 2025-03-31 — EPS: $0.57 per share, R&D: $0, SG&A: $194.00M, EPS basic: $0.57 per share, EPS basis: diluted, Revenue: $3.05B, EPS diluted: $0.57 per share, Net result: $691.00M, Gross profit: $1.82B, Operating result: $1.09B
  • Quarter ended 2024-12-31 — EPS: $0.4 per share, R&D: $0, SG&A: $188.00M, EPS basic: $0.4 per share, EPS basis: diluted, Revenue: $2.74B, EPS diluted: $0.4 per share, Net result: $486.00M, Gross profit: $1.56B, Operating result: $793.00M
  • Quarter ended 2024-09-30 — EPS: $0.58 per share, R&D: $0, SG&A: $170.00M, EPS basic: $0.58 per share, EPS basis: diluted, Revenue: $2.65B, EPS diluted: $0.58 per share, Net result: $706.00M, Gross profit: $1.56B, Operating result: $838.00M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $0, Revenue: $11.95B, Period end: 2025-12-31, Net result: $2.62B
  • FY2024 — R&D: $0, Revenue: $10.50B, Period end: 2024-12-31, Net result: $2.23B
  • FY2023 — R&D: $0, Revenue: $10.91B, Period end: 2023-12-31, Net result: $3.18B
  • FY2022 — R&D: $0, Revenue: $10.96B, Period end: 2022-12-31, Net result: $2.05B
  • FY2021 — R&D: $0, Revenue: $10.63B, Period end: 2021-12-31, Net result: $1.52B
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-08-03 — EPS actual: $0.5 per share, EPS estimated: $0.502 per share, Revenue actual: $3.05B, Revenue estimated: $2.83B
  • Reported 2026-05-04 — EPS actual: $0.73 per share, EPS estimated: $0.634 per share, Revenue actual: $3.03B, Revenue estimated: $3.28B
  • Reported 2026-02-10 — EPS actual: $0.55 per share, EPS estimated: $0.573 per share, Revenue actual: $3.20B, Revenue estimated: $3.02B
  • Reported 2025-11-03 — EPS actual: $0.49 per share, EPS estimated: $0.516 per share, Revenue actual: $2.92B, Revenue estimated: $2.88B
  • Reported 2025-08-04 — EPS actual: $0.46 per share, EPS estimated: $0.4804 per share, Revenue actual: $2.77B, Revenue estimated: $2.73B
  • Reported 2025-05-05 — EPS actual: $0.6 per share, EPS estimated: $0.567 per share, Revenue actual: $3.05B, Revenue estimated: $2.94B
  • Reported 2025-02-12 — EPS actual: $0.47 per share, EPS estimated: $0.47 per share, Revenue actual: $2.74B, Revenue estimated: $2.68B
  • Reported 2024-11-06 — EPS actual: $0.43 per share, EPS estimated: $0.4191 per share, Revenue actual: $2.65B, Revenue estimated: $2.52B
2026-08-03FMPFinancial Modeling Prep (FMP) earnings
Most recent periodic reports2026-08-03OFFICIALSEC EDGAR filer submissions
Cash and investment components
Total basis: cash short and long-term investments; Total: $4.72B; Cash and short-term investments: $203.00M; Long-term investments: $4.51B; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $203.00M, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $950.00M, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $63.00M, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $70.00M, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $903.00M, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $100.00M, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $60.00M, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $762.00M, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash against market value
As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: -$30.59B; Total debt: $30.79B; Cash and investments: $203.00M

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-06-30COMPUTEDComputed from the balance sheet and the latest market capitalization
Next earnings report
Date: 2026-11-02; EPS estimate: $0.56 per share; Revenue estimate: $3.01B

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2027 — EPS average: $2.57 per share, Revenue average: $14.24B, Revenue low: $12.49B, Revenue high: $16.50B, Analysts (revenue): 5
  • FY2028 — EPS average: $3 per share, Revenue average: $16.54B, Revenue low: $15.57B, Revenue high: $17.48B, Analysts (revenue): 4
  • FY2029 — EPS average: $3.49 per share, Revenue average: $17.86B, Revenue low: $16.12B, Revenue high: $19.70B, Analysts (revenue): 2
  • FY2030 — EPS average: $4.28 per share, Revenue average: $14.16B, Revenue low: $12.77B, Revenue high: $15.61B, Analysts (revenue): 2
2026-09-12FMPFinancial Modeling Prep (FMP) analyst estimates
Recent SEC filings2026-09-10OFFICIALSEC EDGAR filer submissions
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
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How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold WMB

Funds in our ETF coverage that list WMB among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG)9.19%
UMI ETF7.61%
Invesco S&P 500 Equal Weight Energy ETF (RSPG)4.69%
State Street Energy Select Sector SPDR ETF (XLE)4.35%
ProShares - DJ Brookfield Global Infrastructure ETF (TOLZ)4.24%
Eventide High Dividend ETF (ELCV)4.22%
Harrison Street Infrastructure Active ETF (NFRX)4.13%
The Free Markets ETF (FMKT)3.77%
FT Energy Income Partners Enhanced Income ETF (EIPI)3.25%
IGF ETF3.10%