The Williams Companies, Inc.

The Williams Companies, Inc.

WMBยทNYSE

$71.66

+0.49%
EnergyOil & Gas Midstream

The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines. 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 comprises 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, and the Mid-Continent region, which includes the Anadarko, Arkoma, and Permian basins; and operates natural gas liquid (NGL) fractionation and storage facilities 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; risk and asset management; and NGL marketing services. The company owns and operates 30,000 miles of pipelines, 29 processing facilities, 7 fractionation facilities, and approximately 23 million barrels of NGL storage capacity. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.

At a Glance

Live Snapshot
Market Cap$87.64B
EPS2.1400
P/E Ratio33.49
Earnings Date08/03/2026
The Williams Companies, Inc.

The Williams Companies, Inc. Fair Value Envelope

WMB ยท NYSE

Our analysis suggests that WMB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $71.66, this represents a potential HIDDEN relative to our calculated worth for The Williams Companies, Inc..

Intrinsic Value
Current Price: $71.66

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$4.3B
+ Cash & Equivalents$63.0M
Firm Value$4.3B
- Debt$29.4B
Equity Value-$25.0B
/ Shares Outstanding1,221,218,867B
DCF Value-$20
OVERVALUED BY 129%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$2.9B
$1.5B
$737.3M
$368.6M
$184.3M
$92.2M
$46.1M
$23.0M
$11.5M
$5.8M
Maintenance CapEx
-$489.3M
-$244.7M
-$122.3M
-$61.2M
-$30.6M
-$15.3M
-$7.6M
-$3.8M
-$1.9M
-$955.7K
Owner Earnings
$2.5B
$1.2B
$614.9M
$307.5M
$153.7M
$76.9M
$38.4M
$19.2M
$9.6M
$4.8M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$2.3B
$1.1B
$488.1M
$226.0M
$104.6M
$48.4M
$22.4M
$10.4M
$4.8M
$2.2M
Terminal Value represents 0.9% of Enterprise Value