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
Vol6.43M
As of25 Sep 2026

The Verdict

Hold

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/E27.59x
Forward P/E26.86x
EV / EBITDA16.71x
P / S (ttm)6.87x
Profit margin24.9%
Return on equity21.5%
Revenue growth+7.8%
Earnings growth+51.2%
Debt / equity200.37

Layer Breakdown

LayerRawContribution
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.

United States · www.williams.com

Risk Metrics

Beta vs SPX0.47
Corr SPX0.29
Annual vol25.6%
Annual ret+24.4%
Sharpe0.96
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
Analysts23
Strong Buy5
Buy16
Hold3
Sell0
Strong Sell1

Recent rating actions

2026-05-08Citigroup→ Buy
2026-05-07TD Cowen→ Buy
2026-05-07RBC Capital→ Outperform
2026-05-06Stifel→ Buy
2026-04-20Goldman Sachs→ Buy
2026-04-10Jefferies→ Buy

Material Events

DateEvent8-K
2026-08-03Earnings Release, Exhibitsread
2026-07-13Reg FD Disclosure, Exhibitsread
2026-07-01Officer / Director Change, Reg FD Disclosure…read
2026-05-20Material Agreement, Material Obligation…read
2026-05-04Earnings Release, Exhibitsread
2026-05-04Officer / Director Change, Shareholder Vote…read
2026-03-26Officer / Director Change, Exhibitsread
2026-02-10Earnings Release, Exhibitsread
2026-01-08Reg FD Disclosure, Other Material Event…read
2026-01-08Material Agreement, Exhibitsread
2025-12-01Material Agreement, Material Obligation…read
2025-11-20Material Agreement, Material Obligation…read

Insider Trades

DateInsiderRoleActionSharesValue
2026-08-06Wingo Robert R.Executive Vice PresidentWithheld for tax8.23K$590.30K
2026-08-05Helms Lloyd W JrGrant2.79K$199.99K
2026-08-05Turner Robb EGrant2.79K$199.99K
2026-08-03Wilson Terrance LaneSVP & General CounselSell2.00K$141.30K
2026-07-01Wilson Terrance LaneSVP & General CounselSell2.00K$148.32K
2026-05-06Porter John DeanEVP & CFOSell50.00K$3.77M
2026-05-01Wilson Terrance LaneSVP & General CounselSell2.00K$152.70K
2026-04-28Tyson Jesse JGrant3.42K$249.43K
2026-04-28Lockhart Carri A.Grant3.25K$237.38K
2026-04-28SPENCE WILLIAM HGrant5.09K$371.48K

Flow & Concentration

Insider 180d net-$4.35M
Insider buys / sells0 / 5
Insider biasSellers
13F holders0
Top-5 share0.0%
HHI0 (—)

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

DateFormDoc
2026-08-104view
2026-08-074view
2026-08-074view
2026-08-044view
2026-08-044view
2026-08-044view
2026-08-044view
2026-08-044view
2026-08-044view
2026-08-0310-Qview
2026-08-038-Kview
2026-07-223view
2026-07-163view
2026-07-138-Kview
2026-07-024view

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
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

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$70.36$70.47$68.82$69.266.43M
Sep 24$71.45$71.45$70.29$70.584.37M
Sep 23$71.31$72.29$70.72$71.115.18M
Sep 22$71.44$72.40$70.73$70.985.41M
Sep 21$71.55$72.46$71.38$71.655.20M

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