Williams Companies, Inc. (WMB)
Williams Companies, Inc. brought in $15.4B of revenue over the twelve months to June 30, 2026, up 10.1% from a year earlier. Net income was $3.1B, a net margin of 19.9%. Operating cash flow minus capital spending left $1B of free cash flow in fiscal 2025. At June 30, 2026 it held $203M in cash against $30.3B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 3, 2026.
Key facts about Williams Companies, Inc.
- Net worth
- Williams Companies, Inc. has a market value (market cap) of $89B at the latest share price, and shareholders' equity of $13.2B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $14.9B (+17.9% year on year), with net income of $2.6B. Over the 12 months to June 30, 2026: revenue $15.4B, net income $3.1B.
- Cash flow
- In fiscal 2025 operations brought in $5.9B of cash; after $4.9B of capital spending, free cash flow was $1B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 3, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Williams Companies, Inc.'s next report is expected around November 2, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Williams Companies, Inc. declared dividends of $2.00 per share in fiscal 2025, a yield of 2.75% at the current price.
What Williams Companies, Inc. does
The Williams Companies is an energy infrastructure company that operates natural gas gathering, processing, and transmission facilities. It transports natural gas through an extensive pipeline network to utilities, power plants, and industrial consumers across the United States. Its shares trade on NYSE under the ticker WMB.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $14.9B | $2.6B | $2.14 | $1B |
| 2024 | $12.6B | $2.2B | $1.82 | $2.4B |
| 2023 | $12B | $3.2B | $2.60 | $3.4B |
| 2022 | $17.8B | $2B | $1.67 | $2.6B |
| 2021 | $12.8B | $1.5B | $1.24 | $2.7B |
| 2020 | $7.7B | $211M | $0.17 | $2.3B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where WMB ranks in Utilities
Dividends
Williams Companies, Inc. declared $2.00 per share in fiscal 2025. At the current price that is a yield of 2.75%. It paid out $2.4B in cash dividends, 93% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.00 | $2.4B | 93% |
| 2024 | $1.90 | $2.3B | 104% |
| 2023 | $1.79 | $2.2B | 69% |
| 2022 | $1.70 | $2.1B | 101% |
| 2021 | $1.64 | $2B | 131% |
| 2020 | $1.60 | $1.9B | 920% |
Latest SEC filings
What Williams Companies, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 11, 2026
- September 10, 2026
- September 10, 2026
- September 3, 2026Other event 8-K
- August 21, 2026
- August 3, 2026Quarterly report 10-Q · period to June 30, 2026Revenue was flat at $3.4B versus the same quarter last year; diluted EPS $0.68 versus $0.45.
- August 3, 2026
- July 13, 2026
- July 1, 2026
- May 20, 2026
What is WMB worth? A DCF from its reported cash flow
Insider trades
What the people running Williams Companies, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $1.4M worth of shares in the last 90 days and bought none on the open market. 31% of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Wilson Terrance LaneSVP & General Counsel | Soldpre-planned (10b5-1) | 2,000 | $135.7K |
| September 1, 2026 | Wilson Terrance LaneSVP & General Counsel | Soldpre-planned (10b5-1) | 2,000 | $151.1K |
| August 14, 2026 | Wilson Terrance LaneSVP & General Counsel | Sold | 2,800 | $209.5K |
| August 14, 2026 | Wilson Terrance LaneSVP & General Counsel | Sold | 10,200 | $763.8K |
| August 14, 2026 | Wilson Terrance LaneSVP & General Counsel | Gave as a gift | 1,900 | - |
| August 14, 2026 | Wilson Terrance LaneSVP & General Counsel | Gave as a giftindirect | 100 | - |
| August 6, 2026 | Wingo Robert R.Executive Vice President | Shares withheld for tax | 8,226 | $590.3K |
| August 5, 2026 | Turner Robb EDirector | Received as pay | 2,785 | $200K |
Who owns WMB
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.54% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,827 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 115,500,312 | +3,630,136 |
| Vanguard Capital Management LLC | 79,848,153 | +492,152 |
| State Street Corp | 72,015,506 | -972,902 |
| Bank of America Corp | 44,667,824 | +206,588 |
| Vanguard Portfolio Management LLC | 43,513,739 | +244,699 |
| Wellington Management Group Llp | 33,097,208 | +10,013,946 |
| Morgan Stanley | 31,813,505 | -1,926,614 |
| Geode Capital Management, LLC | 29,911,265 | +317,395 |
| Clearbridge Investments, LLC | 24,212,067 | +973,210 |
| Jpmorgan Chase & Co | 21,379,796 | -678,569 |
| Invesco Ltd. | 19,289,385 | +1,209,626 |
| Deutsche Bank AG\ | 17,615,045 | -1,353,178 |
| Blackstone Inc. | 17,340,999 | +266,607 |
| Northern Trust Corp | 13,335,794 | -88,048 |
| Royal Bank of Canada | 13,308,209 | +1,179,570 |
| Norges Bank | 12,060,202 | new |
| Neuberger Berman Group LLC | 11,544,576 | +33,135 |
| Goldman Sachs Group Inc | 11,513,707 | +814,123 |
| Tortoise Capital Advisors, L.L.C. | 11,248,639 | -250,495 |
| UBS Group AG | 10,803,397 | +1,756,051 |
Insiders
25 insiders reported holding 5,092,531 shares in total, about $370.7M at the last price.
| Holder | Shares |
|---|---|
| Armstrong Alan SDirector | 2,695,7092,503,509 held indirectly |
| Zamarin Chad J.President and CEO, Director | 730,837 |
| Wilson Terrance LaneSVP & General Counsel | 262,259 |
| Bergstrom Stephen WDirector | 198,605 |
| Porter John DeanEVP & CFO | 197,290 |
| Teply Chad A.Senior Vice President | 142,443 |
| Pickle Debbie L.SVP & Chief HR Officer | 102,410 |
| Larsen Larry CExecutive Vice President & COO | 98,219 |
| Creel Michael ADirector | 84,658 |
| Spence William HDirector | 79,051 |
Questions about WMB
What does Williams Companies, Inc. do?
The Williams Companies is an energy infrastructure company that operates natural gas gathering, processing, and transmission facilities. It transports natural gas through an extensive pipeline network to utilities, power plants, and industrial consumers across the United States. Its shares trade on NYSE under the ticker WMB.
What is Williams Companies, Inc.'s net worth?
Williams Companies, Inc. has a market value (market cap) of $89B at the latest share price, and shareholders' equity of $13.2B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Williams Companies, Inc. profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $3.1B on revenue of $15.4B, a net margin of 19.9%.
How much revenue does Williams Companies, Inc. make?
Over the twelve months to June 30, 2026 Williams Companies, Inc. reported revenue of $15.4B. That is 10.1% more than a year earlier.
When did Williams Companies, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 3, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 2, 2026.
When is Williams Companies, Inc.'s next earnings report?
Williams Companies, Inc.'s next report is expected around November 2, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Williams Companies, Inc. pay a dividend?
Yes. Williams Companies, Inc. declared dividends of $2.00 per share in fiscal 2025, a yield of 2.75% at the current price.
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Where the numbers come from
Financial figures are the values Williams Companies, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.