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Williams WMB

US equityMarket cap rank #189Natural Gas
$70.64
−$0.48 (-0.67%)
Market open · Sep 24, 2:00 pm ET
After hours $71.11 0.00%
Open$71.21
Prev close$71.11
Day range$70.29 – $71.21
Volume1.94M
Market cap$86.40B
P/E (TTM)28.1
Dividend yield2.90%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$3.05B+9.8% YoY
Operating profit$1.17B+23.8% YoY
Net profit$876.00M+50.3% YoY
Diluted EPS$0.68+51.1% YoY
Free cash flow-$458.00M-204.6% YoY
Operating cash flow$1.38B

Revenue, last 8 quarters

$2.7BSep '24$2.7BDec '24$3.0BMar '25$2.8BJun '25$2.9BSep '25$3.2BDec '25$3.0BMar '26$3.1BJun '26

Net profit, last 8 quarters

$741.0MSep '24$517.0MDec '24$729.0MMar '25$583.0MJun '25$683.0MSep '25$773.0MDec '25$912.0MMar '26$876.0MJun '26

Diluted EPS by quarter

0.58Sep '240.39Dec '240.56Mar '250.45Jun '250.53Sep '250.60Dec '250.70Mar '260.68Jun '26

Free cash flow by quarter

$515.0MSep '24$418.0MDec '24$421.0MMar '25$438.0MJun '25$445.0MSep '25$-405.0MDec '25$244.0MMar '26$-458.0MJun '26

Annual revenue

$7.7BFY20$10.6BFY21$11.0BFY22$10.9BFY23$10.5BFY24$12.0BFY25

Profitability & balance sheet

Gross margin63.3%
Operating margin38.3%
Net margin25.2%
Return on equity24.0%
Return on assets5.3%
Return on invested capital9.9%
Current ratio0.48
Liabilities / assets74.6%
Cash & investments$203.00M
Total debt$30.79B
Net cash (debt)-$30.59B

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Product sales$1.22B 30.8%
  • Monetary consideration$1.15B 29.1%
  • Regulated interstate natural gas transportation and storage$925.00M 23.4%
  • Other revenues$578.00M 14.6%
  • Commodity consideration$45.00M 1.1%
  • Other$38.00M 1.0%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $3.05B $3.03B $11.95B $3.20B $2.92B
Total Operating Revenue $3.05B $3.03B $11.95B $3.20B $2.92B
Cost of Revenue $1.11B $1.14B $4.55B $1.19B $1.05B
Gross Profit $1.95B $1.89B $7.40B $2.01B $1.87B
Operating Expense $776.00M $749.00M $3.00B $752.00M $765.00M
Selling and Admin Expenses $180.00M $193.00M $721.00M $191.00M $168.00M
-General & Admin Expense $180.00M $193.00M $721.00M – –
Other Operating Expenses $596.00M $556.00M $2.28B $561.00M $597.00M
Operating Profit $1.17B $1.14B $4.41B $1.26B $1.11B
Net Non-Operating Interest Income (Expense) -$371.00M -$376.00M -$1.40B -$331.00M -$372.00M
Non-Operating Interest Expense $371.00M $376.00M $1.44B $371.00M $372.00M
Other Income (Expense) $337.00M $393.00M $619.00M $88.00M $192.00M
Gain on Sale of Security $134.00M $24.00M $2.00M -$29.00M $19.00M
Earnings from Equity Interest $159.00M $161.00M $760.00M $311.00M $152.00M
Special Income (Charges) $12.00M $182.00M -$212.00M – –
-Gain on Sale of Property/Plant/Equipment $12.00M – – – –
Other Non-Operating Income (Expenses) $32.00M $26.00M $69.00M $18.00M $21.00M
Pretax Profit $1.14B $1.16B $3.63B $1.02B $929.00M
Tax $260.00M $244.00M $857.00M $244.00M $246.00M
Net Profit $876.00M $912.00M $2.77B $773.00M $683.00M
Profit from Continuing Operations $876.00M $912.00M $2.77B $773.00M $683.00M
Minority Interests $49.00M $47.00M $150.00M $39.00M $36.00M
Net Income to Parent Company $827.00M $865.00M $2.62B $734.00M $647.00M
Net Income to Common Stockholders $827.00M $864.00M $2.62B $733.00M $646.00M
Basic EPS $0.68 $0.71 $2.14 $0.60 $0.53
Diluted EPS $0.68 $0.70 $2.14 $0.60 $0.53
Dividend Per Share $0.53 $0.53 $2.00 $0.50 $0.50
-Gain on Sale Of Business – $182.00M $0.00 – –
Preferred Stock Dividends – $1.00M $3.00M $1.00M $1.00M
Non-Operating Interest Income – – $40.00M – –
-Less:Write Off – – $212.00M – –
Net Income from Discontinuous Operations – – $0.00 – –

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $60.61B $59.57B $58.57B $58.57B $55.74B
Total Current Assets $3.12B $3.32B $3.24B $3.24B $2.27B
Cash and Cash Equivalents & Short-Term Investments $203.00M $950.00M $63.00M $63.00M $70.00M
-Cash and Cash Equivalents $203.00M $950.00M $63.00M $63.00M $70.00M
Receivables $1.82B $1.55B $1.64B $1.64B $1.29B
-Accounts Receivable $1.56B $1.42B $1.53B $1.53B $1.23B
-Other Receivables $263.00M $122.00M $108.00M $108.00M $67.00M
Inventory $335.00M $262.00M $314.00M $314.00M $339.00M
Other Current Assets $398.00M $260.00M $256.00M $256.00M $225.00M
Total Non-Current Assets $57.49B $56.25B $55.33B $55.33B $53.47B
Net PPE $44.41B $43.13B $42.00B $42.00B $40.39B
-Gross PPE $65.28B $63.61B $62.01B $62.01B $60.31B
-Accumulated Depreciation -$20.87B -$20.48B -$20.01B -$20.01B -$19.92B
Investments and Advances $4.52B $4.52B $4.56B $4.56B $4.19B
Goodwill and Other Intangible Assets $6.58B $6.67B $6.76B $6.76B $7.00B
Other Non-Current Assets $1.99B $1.93B $2.01B $2.01B $1.89B
Total Liabilities $45.24B $44.41B $43.58B $43.58B $40.88B
Total Current Liabilities $6.55B $4.01B $6.11B $6.11B $5.38B
Payables $2.22B $2.27B $2.22B $2.22B $1.41B
-Accounts Payable $2.22B $2.27B $2.22B $2.22B $1.41B
Short-Term Debt and Capital Lease Obligation $2.67B $248.00M $2.08B $2.08B $2.40B
-Current Debt $2.67B $248.00M $2.05B $2.05B $2.40B
Other Current Liabilities $1.65B $1.49B $912.00M $912.00M $1.57B
Total Non-Current Liabilities $38.70B $40.40B $37.47B $37.47B $35.50B
Long Term Debt and Capital Lease Obligation $28.12B $30.05B $27.32B $27.32B $25.59B
-Long Term Debt $28.12B $30.05B $27.32B $27.32B $25.59B
Non-Current Deferred Liabilities $5.60B $5.41B $5.17B $5.17B $4.83B
Other Non-Current Liabilities $4.98B $4.94B $4.99B $4.99B $5.08B
Total Equity $15.37B $15.16B $15.00B $15.00B $14.86B
Stockholders' Equity $13.19B $12.99B $12.81B $12.81B $12.52B
Capital Stock $1.30B $1.30B $1.30B $1.30B $1.30B
-Common Stock $1.26B $1.26B $1.26B $1.26B $1.26B
-Preferred Stock $35.00M $35.00M $35.00M $35.00M $35.00M
Additional Paid-In Capital $24.78B $24.77B $24.80B $24.80B $24.66B
Retained Earnings -$11.83B -$12.02B -$12.24B -$12.24B -$12.35B
Less: Treasury Stock $1.18B $1.18B $1.18B $1.18B $1.18B
Gains/Losses Not Affecting Retained Earnings $124.00M $125.00M $127.00M $127.00M $102.00M
Minority Interests $2.18B $2.17B $2.19B $2.19B $2.34B
-Long Term Equity Investment – – $4.52B $4.52B –
-Goodwill – – $466.00M $466.00M –
-Other Intangible Assets – – $6.30B $6.30B –
Current Accrued Expenses – – $342.00M $342.00M $1.47B
-Current Capital Lease Obligation – – $32.00M $32.00M –
Current Provisions – – $103.00M $103.00M –
Current Deferred Liabilities – – $165.00M $165.00M –

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.38B $1.60B $5.90B $1.58B $1.44B
Net cash flow from continuing operations $1.38B $1.60B $5.90B $1.58B $1.44B
Net Income from Continuing Operations $876.00M $912.00M $2.77B $773.00M $683.00M
Gain/Loss from Continuing Operations -$440.00M -$118.00M -$910.00M -$406.00M -$203.00M
Depreciation & Depletion & Amortization $592.00M $584.00M $2.35B $593.00M $564.00M
Deferred Tax $257.00M $235.00M $744.00M $302.00M $256.00M
Change in Working Capital -$161.00M -$257.00M -$164.00M -$124.00M -$71.00M
-Change in Receivables -$319.00M $425.00M -$219.00M -$603.00M $83.00M
-Change in Inventory -$82.00M $50.00M -$45.00M $21.00M -$5.00M
-Change in Payables and Accrued Expense -$46.00M -$194.00M $115.00M $474.00M -$94.00M
-Change in Other Current Assets -$14.00M -$9.00M -$71.00M -$28.00M -$7.00M
-Change in Other Current Liabilities $259.00M -$317.00M $170.00M $75.00M -$55.00M
-Change In Other Working Capital $41.00M -$212.00M -$114.00M -$63.00M $7.00M
Net cash flow from investing -$1.91B -$884.00M -$5.49B -$2.29B -$1.01B
Net Cash Flow from Continuing Investing Activities -$1.91B -$884.00M -$5.49B -$2.29B -$1.01B
Capital Expenditure -$1.83B -$1.36B -$4.89B -$1.96B -$954.00M
Net PPE Purchase and Sale -$24.00M $369.00M -$106.00M -$26.00M -$40.00M
Net Business Purchase and Sale -$56.00M $19.00M -$512.00M -$319.00M -$14.00M
Net Other Investing Changes $8.00M $87.00M $22.00M $13.00M $0.00
Financing Cash Flow -$217.00M $168.00M -$406.00M $704.00M -$1.26B
Net Cash Flow from Continuing Financing Activities -$217.00M $168.00M -$406.00M $704.00M -$1.26B
Net Issuance Payments Of Debt $487.00M $960.00M $2.36B $1.38B -$588.00M
Net Common Stock Issuance $0.00 $8.00M $9.00M $0.00 $4.00M
Cash Dividends Paid -$642.00M -$642.00M -$2.44B -$610.00M -$611.00M
Net Other Financing Charges -$62.00M -$158.00M -$331.00M -$67.00M -$69.00M
Ending Cash Balance $203.00M $950.00M $63.00M $63.00M $70.00M
Net Change in Cash -$747.00M $887.00M $3.00M -$7.00M -$833.00M
Beginning Cash Balance $950.00M $63.00M $60.00M $70.00M $903.00M
Free Cash Flow -$458.00M $244.00M $899.00M -$405.00M $445.00M
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