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
3Y+21.0%
5Y+69.0%
10Y+61.0%
3Y+62.0%
5Y+250.0%
10Y+1211.0%
3Y-85.0%
5Y-79.0%
10Y-86.0%
WMB

The Williams Companies, Inc. Cash Conversion Engine

WMB ยท NYSE
Net Income2.62B
Depreciation & Amortization2.35B
Stock-Based Compensation0.00
Change in Working Capital-164.00M
Others353.00M
Capital Expenditures-4.89B
Free Cash Flow1.00B

Cash Flow Quality Analysis

FCF Conversion Rate

38.4%

Weak cash conversion. Significant portion of earnings not converting to cashโ€”review working capital trends and capital intensity.

CapEx Intensity

83.0%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-58.1%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$164.00M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

The Williams Companies, Inc. Cash Flow Statement

WMB โ€ข NYSE

The Williams Companies, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
2.6B
2.3B
3.3B
2.1B
1.6B
198M
714M
-155M
2.5B
-350M
-1.3B
2.3B
668M
1.1B
661M
-922M
361M
1.4B
990M
308.5M
2.3B
2.2B
2.1B
2B
1.8B
1.7B
1.7B
1.8B
1.7B
1.8B
1.7B
1.2B
815M
756M
0.0
1.5B
1.5B
1.3B
1.1B
865.5M
744M
506M
951M
431M
509M
108M
376M
220M
-2B
-26M
-337M
1.3B
424M
206M
-179M
-155M
249M
611M
370M
169.2M
0.0
99M
77M
73M
81M
52M
57M
55M
78M
73M
82M
53M
37M
36M
0.0
48M
0.0
0.0
0.0
0.0
353M
330M
-525M
638M
260M
1.7B
841M
1.6B
661M
1.3B
2.7B
-2.5B
28M
-196M
2.8B
2.3B
684M
45M
369M
25.5M
-164M
-526M
88M
-379M
-309M
-323M
-9M
-234M
-416M
856M
-163M
-229M
245M
-32M
131M
-118M
59M
-43M
-412M
397.2M
5.9B
5B
5.9B
4.9B
3.9B
3.5B
3.7B
3.3B
2.6B
3.7B
2.7B
2.1B
2.2B
1.8B
3.4B
2.7B
2.6B
3.4B
2.2B
1.9B
INVESTING ACTIVITIES
-5B
-2.7B
-2.6B
-2.3B
-1.2B
-1.3B
-2.1B
-3.3B
-2.4B
-2.1B
-3.2B
-4B
-3.6B
-2.5B
-2.8B
-2.8B
-2.4B
-3.5B
-2.8B
-2.5B
(35M)
-2.2B
-1.4B
-1.1B
-265M
-325M
-698M
(1.3B)
(2.1B)
(843M)
-707M
-6.4B
-461M
-4.7B
-41M
-1.1B
(72M)
(141M)
(483M)
-18.3M
-511M
(0.0)
(0.0)
-166M
-115M
-325M
-453M
-1.1B
-132M
-177M
-595M
-482M
-455M
-2.7B
(0.0)
-488M
-142M
-142M
-364M
-435.2M
0.0
0.0
0.0
0.0
1M
325M
485M
0.0
200M
679M
598M
482M
455M
79M
0.0
0.0
3M
55M
445M
476.4M
22M
12M
39M
173M
161M
42M
-12M
374M
870M
290M
572M
314M
-19M
2.9B
-166M
79M
144M
238M
-44M
164.9M
-5.5B
-4.9B
-3.9B
-3.4B
-1.5B
-1.6B
-2.8B
-2.7B
(633M)
-416M
-3.3B
-10.2B
-4.1B
-6.9B
-3B
-4.3B
-2.3B
-3.2B
-2.3B
-2.3B
FINANCING ACTIVITIES
9M
10M
-124M
45M
9M
9M
10M
15M
2.1B
123M
86M
3.5B
1.8B
4.1B
49M
818M
6M
-80M
-137M
897M
2.3B
379M
2.5B
-776M
1.3B
58M
-142M
722M
-2.7B
-972M
3B
6.1B
842M
2B
863M
250M
511M
9M
-97M
471M
-2.4B
-2.3B
-2.2B
-2.1B
-2B
-1.9B
-1.8B
-1.4B
-992M
-1.3B
-1.8B
-1.4B
-982M
-742M
-457M
-429M
-385M
-250M
-233M
-206.6M
(0.0)
(0.0)
-130M
-9M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-474M
-526M
(0.0)
-322M
-274M
-239M
-240M
-220M
-211M
1.2B
-650M
-914M
-1.1B
-749M
-523M
-20M
-349M
-797M
-211M
-95M
251M
289M
-58.2M
-442M
-2.2B
-49M
-3B
-942M
-2.1B
-745M
-1.3B
-2.5B
-3.2B
481M
7.6B
1.7B
5B
-342M
573M
166M
-432M
-511M
1.1B
CASH FLOW SUMMARY
3M
-2.1B
2B
-1.5B
1.5B
-147M
121M
-731M
729M
70M
-140M
-441M
-158M
-50M
94M
-1.1B
428M
-260M
-570M
671.4M
60M
2.2B
152M
1.7B
142M
289M
168M
899M
170M
100M
240M
681M
839M
889M
795M
1.9B
1.4B
1.7B
2.3B
1.6B
63M
60M
2.2B
152M
1.7B
142M
289M
168M
899M
170M
100M
240M
681M
839M
889M
795M
1.9B
1.4B
1.7B
2.3B
1B
2.4B
3.4B
2.6B
2.7B
2.2B
1.5B
30M
116M
1.6B
-489M
-1.9B
-1.4B
-694M
643M
-137M
185M
-120M
-579M
-619.6M

SEC Filings

WMB - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 20, 2026
May 20, 2026
2026
8-K

8-K 2026

N/A

May 04, 2026
May 04, 2026
2026
8-K

8-K 2026

N/A

May 04, 2026
May 04, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 04, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

March 26, 2026
March 26, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 18, 2026
April 28, 2026
2026
10-K

10-K 2025 FY

FY

February 24, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 10, 2026
February 10, 2026
2026
8-K

8-K 2026

N/A

January 08, 2026
January 05, 2026
2026
8-K

8-K 2026

N/A

January 08, 2026
January 08, 2026
2026
Showing 1 to 10 of 783 filings