Inside the research
The Williams Companies, Inc.
WMB Research profile · latest available data
Price overview
$69.26
▼ -1.32 (-1.9%)
| 52w hi | $78.25 |
|---|---|
| 52w lo | $54.84 |
| Vol | 6.43M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.12
| Short | -0.05 |
|---|---|
| Medium | +0.24 |
| Long | +0.22 |
computed 2026-09-27
Key fundamentals
The Williams Companies, Inc.
Energy · Oil & Gas Midstream
| Market cap | $84.72B |
|---|---|
| Enterprise value | $117.52B |
| Trailing P/E | 27.59x |
| Forward P/E | 26.86x |
| EV / EBITDA | 16.71x |
| P / S (ttm) | 6.87x |
| Profit margin | 24.9% |
| Return on equity | 21.5% |
| Revenue growth | +7.8% |
| Earnings growth | +51.2% |
| Debt / equity | 200.37 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.21 | |
| Sector | +0.09 | |
| Technical | -0.01 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission, Power & Gulf, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission, Power & Gulf segment comprises Transco, NWP, and Mountain West interstate natural gas pipelines, and their related natural gas storage facilities, as well as 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 assets 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 approximately 32,000 miles of pipelines. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.
Risk Metrics
| Beta vs SPX | 0.47 |
|---|---|
| Corr SPX | 0.29 |
| Annual vol | 25.6% |
| Annual ret | +24.4% |
| Sharpe | 0.96 |
| Max DD | -12.9% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $81.86 |
|---|---|
| High / Low | $90.00 / $65.00 |
| Median | $83.00 |
| Analysts | 23 |
| Strong Buy | 5 | |
|---|---|---|
| Buy | 16 | |
| Hold | 3 | |
| Sell | 0 | |
| Strong Sell | 1 |
Recent rating actions
| 2026-05-08 | Citigroup | → Buy |
| 2026-05-07 | TD Cowen | → Buy |
| 2026-05-07 | RBC Capital | → Outperform |
| 2026-05-06 | Stifel | → Buy |
| 2026-04-20 | Goldman Sachs | → Buy |
| 2026-04-10 | Jefferies | → Buy |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-03 | Earnings Release, Exhibits | read |
| 2026-07-13 | Reg FD Disclosure, Exhibits | read |
| 2026-07-01 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-05-20 | Material Agreement, Material Obligation… | read |
| 2026-05-04 | Earnings Release, Exhibits | read |
| 2026-05-04 | Officer / Director Change, Shareholder Vote… | read |
| 2026-03-26 | Officer / Director Change, Exhibits | read |
| 2026-02-10 | Earnings Release, Exhibits | read |
| 2026-01-08 | Reg FD Disclosure, Other Material Event… | read |
| 2026-01-08 | Material Agreement, Exhibits | read |
| 2025-12-01 | Material Agreement, Material Obligation… | read |
| 2025-11-20 | Material Agreement, Material Obligation… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-06 | Wingo Robert R. | Executive Vice President | Withheld for tax | 8.23K | $590.30K |
| 2026-08-05 | Helms Lloyd W Jr | Grant | 2.79K | $199.99K | |
| 2026-08-05 | Turner Robb E | Grant | 2.79K | $199.99K | |
| 2026-08-03 | Wilson Terrance Lane | SVP & General Counsel | Sell | 2.00K | $141.30K |
| 2026-07-01 | Wilson Terrance Lane | SVP & General Counsel | Sell | 2.00K | $148.32K |
| 2026-05-06 | Porter John Dean | EVP & CFO | Sell | 50.00K | $3.77M |
| 2026-05-01 | Wilson Terrance Lane | SVP & General Counsel | Sell | 2.00K | $152.70K |
| 2026-04-28 | Tyson Jesse J | Grant | 3.42K | $249.43K | |
| 2026-04-28 | Lockhart Carri A. | Grant | 3.25K | $237.38K | |
| 2026-04-28 | SPENCE WILLIAM H | Grant | 5.09K | $371.48K |
Flow & Concentration
| Insider 180d net | -$4.35M |
|---|---|
| Insider buys / sells | 0 / 5 |
| Insider bias | Sellers |
| 13F holders | 0 |
| Top-5 share | 0.0% |
| HHI | 0 (—) |
Dividends
| Yield (TTM) | 1.48% |
|---|---|
| $ / share (TTM) | $1.02 |
| 5y CAGR | +4.6% |
Annual dividend per share
| 2021 | $1.64 |
|---|---|
| 2022 | $1.70 |
| 2023 | $1.79 |
| 2024 | $1.90 |
| 2025 | $2.00 |
| 2026 | $0.53 |
SEC Filings
The Long Run
FY 2009–2025 · 17 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $14.90B | +2.4% | |
| Operating income | $4.31B | +3.4% | |
| Net income | $3.18B | +12.4% | |
| Cash from ops | $4.97B | +4.2% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $70.36 | $70.47 | $68.82 | $69.26 | 6.43M |
| Sep 24 | $71.45 | $71.45 | $70.29 | $70.58 | 4.37M |
| Sep 23 | $71.31 | $72.29 | $70.72 | $71.11 | 5.18M |
| Sep 22 | $71.44 | $72.40 | $70.73 | $70.98 | 5.41M |
| Sep 21 | $71.55 | $72.46 | $71.38 | $71.65 | 5.20M |
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