WMB Stock - The Williams Companies, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $10.50B | $10.91B | $10.96B | $10.63B | $7.72B |
| Gross Profit | $6.17B | $6.80B | $5.50B | $4.75B | $4.38B |
| Gross Margin | 58.7% | 62.4% | 50.2% | 44.7% | 56.8% |
| Operating Income | $3.34B | $4.31B | $3.02B | $2.63B | $2.20B |
| Net Income | $2.23B | $3.18B | $2.05B | $1.52B | $211.00M |
| Net Margin | 21.2% | 29.1% | 18.7% | 14.3% | 2.7% |
| EPS | $1.82 | $2.61 | $1.68 | $1.25 | $0.17 |
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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 6th 2025 | TD Cowen | Reiterated | Buy | $70← $69 |
| October 9th 2025 | Jefferies | Initiation | Buy | $72 |
| September 19th 2025 | BMO Capital Markets | Initiation | Outperform | $66 |
| August 15th 2025 | CIBC | Upgrade | Sector Outperform | $64 |
| July 7th 2025 | TD Cowen | Initiation | Buy | $67 |
| June 13th 2025 | Wolfe Research | Upgrade | Peer Perform | - |
| January 10th 2025 | Scotiabank | Resumed | Sector Perform | $51 |
| October 17th 2024 | BofA Securities | Resumed | Buy | $55 |
| October 4th 2024 | Morgan Stanley | Upgrade | Overweight | $58← $52 |
| July 30th 2024 | Seaport Research Partners | Downgrade | Neutral | - |
| June 20th 2024 | Argus | Upgrade | Buy | - |
| June 4th 2024 | Wells Fargo | Upgrade | Overweight | $46← $38 |
| April 18th 2024 | Wolfe Research | Downgrade | Underperform | $34 |
| October 6th 2023 | Goldman | Resumed | Neutral | $35 |
| May 16th 2023 | Citigroup | Upgrade | Buy | $36 |
Earnings History & Surprises
WMBEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 11, 2026 | $0.57 | — | — | — |
Q4 2025 | Nov 3, 2025 | $0.52 | $0.49 | -5.0% | ✗ MISS |
Q3 2025 | Aug 4, 2025 | $0.48 | $0.46 | -4.2% | ✗ MISS |
Q2 2025 | May 5, 2025 | $0.57 | $0.60 | +5.8% | ✓ BEAT |
Q1 2025 | Feb 12, 2025 | $0.47 | $0.47 | 0.0% | = MET |
Q4 2024 | Nov 6, 2024 | $0.42 | $0.43 | +2.6% | ✓ BEAT |
Q3 2024 | Aug 5, 2024 | $0.38 | $0.43 | +12.2% | ✓ BEAT |
Q2 2024 | May 6, 2024 | $0.48 | $0.59 | +22.9% | ✓ BEAT |
Q1 2024 | Feb 14, 2024 | $0.45 | $0.48 | +6.7% | ✓ BEAT |
Q4 2023 | Nov 1, 2023 | $0.41 | $0.48 | +17.1% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $0.39 | $0.45 | +15.4% | ✓ BEAT |
Q2 2023 | May 3, 2023 | $0.46 | $0.56 | +21.7% | ✓ BEAT |
Q1 2023 | Feb 20, 2023 | $0.49 | $0.55 | +12.2% | ✓ BEAT |
Q4 2022 | Oct 31, 2022 | $0.44 | $0.49 | +11.4% | ✓ BEAT |
Q3 2022 | Aug 1, 2022 | $0.37 | $0.33 | -10.8% | ✗ MISS |
Q2 2022 | May 2, 2022 | $0.36 | $0.41 | +13.9% | ✓ BEAT |
Q1 2022 | Feb 21, 2022 | $0.34 | $0.39 | +14.7% | ✓ BEAT |
Q4 2021 | Nov 1, 2021 | $0.28 | $0.34 | +21.4% | ✓ BEAT |
Q3 2021 | Aug 2, 2021 | $0.28 | $0.27 | -3.6% | ✗ MISS |
Latest News
Shares of natural gas stocks are trading higher as prices rise.
📈 PositiveWilliams Secures Key NJDEP And NYSDEC Permits Advancing Northeast Supply Enhancement Project
📈 PositiveCitigroup Maintains Buy on Williams Companies, Raises Price Target to $70
📈 PositiveWilliams Companies Secures The Clean Water Act Section 401 And 404 Permits From The New Jersey Department Of Environmental Protection
📈 PositiveTD Cowen Maintains Buy on Williams Companies, Raises Price Target to $70
📈 PositiveReported Earlier, Williams' Transco Prices $1.7B Senior Notes Offering With 5.100% And 5.750% Coupons Due 2036 And 2056
➖ NeutralJefferies Maintains Buy on Williams Companies, Lowers Price Target to $70
➖ NeutralBMO Capital Maintains Outperform on Williams Companies, Lowers Price Target to $70
📈 PositiveWilliams Companies shares are trading lower after the company reported mixed Q3 financial results.
📉 NegativeWilliams Companies Affirms FY2025 Adj EPS Guidance of $2.01-$2.19 vs $2.10 Est
➖ NeutralWilliams Companies Q3 Adj. EPS $0.49 Misses $0.51 Estimate, Sales $2.923B Beat $2.893B Estimate
➖ NeutralJapan's Largest Power Generator JERA Expands US LNG Strategy With $1.5B Acquisition Of South Mansfield Shale Gas Assets In Louisiana
📈 PositiveReported Earlier, Woodside Forms Strategic Louisiana LNG Partnership With Williams Selling 10% HoldCo And 80% PipelineCo Stake For US$378M Total Consideration
📈 PositiveWilliams Companies To Sell South Mansfield Upstream Interest To Jera For $398M Plus Deferred Monthly Payments Through 2029; Investment Expected To Be $1.9B For Pipeline And LNG Facilities; Will Acquire A 10% Interest In Louisiana LNG And Has Entered Into A 1.5 Mtpa LNG Offtake Obligation; Partners With Woodside Energy For Louisiana LNG Project
📈 PositiveWMB stock has given up its prior gain. Williams Companies shares were trading higher after Barclays maintained an Equal-Weight rating on the stock and raised its price target from $65 to $66.
➖ NeutralWilliams Companies shares are trading higher after Barclays maintained an Equal-Weight rating on the stock and raised its price target from $65 to $66.
📈 PositiveBarclays Maintains Equal-Weight on Williams Companies, Raises Price Target to $66
📈 PositiveJefferies Initiates Coverage On Williams Companies with Buy Rating, Announces Price Target of $72
📈 PositiveMorgan Stanley Maintains Overweight on Williams Companies, Raises Price Target to $83
📈 PositiveGoldman Sachs Maintains Neutral on Williams Companies, Raises Price Target to $65
➖ NeutralFrequently Asked Questions about WMB
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