Williams Companies (WMB)
Energy · Energy infrastructure; natural gas transmission and storage
Williams Companies operates one of North America's largest natural gas transmission and energy infrastructure networks, moving and storing gas, liquids, and power across the continent.
What Williams Companies does
Williams Companies is a major energy infrastructure company that owns and operates natural gas transmission pipelines, natural gas storage facilities, and natural gas liquids (NGL) processing and fractionation assets across North America. The company's primary operations include Transco, a large-capacity interstate natural gas transmission system, and Northwest Pipeline (NWP), along with midstream gathering operations, processing facilities, and equity interests in LNG export and pipeline development projects. The company generates revenue through long-term firm transportation and storage service agreements, as well as product sales from natural gas liquids processing.
Themes: ["Natural gas infrastructure","Energy transmission and logistics","LNG export supply chain","Midstream energy assets","Regulated utility assets","Storage and balancing services"]
Fundamentals
- Price$75.27 as of 2026-07-08 close
- Market cap$95.3B as of 2026-07-09
- 1-year return+30.5% as of 2026-07-08 close
- P/E34.14 as of 2026-07-09
- Net margin+23.4% as of 2026-07-09
- Gross margin+82.3% as of 2026-07-09
- ROE+22.0% as of 2026-07-09
- Debt / equity2.33 as of 2026-07-09
- Revenue growth (YoY)+10.7% as of 2026-07-09
- Revenue CAGR (3y)+2.9% SEC XBRL
- Beta0.62 as of 2026-07-09
Dividend: yield +2.8%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Regulatory risk: Operations subject to FERC regulation, with rates determined by regulatory processes that could adversely affect revenues and profitability","Commodity price exposure: Equity earnings losses from commodity derivatives and natural gas liquids margin compression during periods of low commodity prices","Project execution and capital intensity: Louisiana LNG and Driftwood Pipeline projects require substantial additional capital investment and involve construction and market risks with expected 2029 in-service dates"]
Competitors & peers
- Energy Transfer (ET)
Fundamentals: Finnhub, as of 2026-07-09. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.