# Williams Companies, Inc.: overview

WMB · NYSE · CIK 107263 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/wmb.md) · [Financials](/companies/wmb/financials.md) · [Filings](/companies/wmb/filings.md) · [Insiders](/companies/wmb/insiders.md)

Latest reported revenue: [$3.38bn](/filings/0000107263-26-000026.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 3, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000107263-26-000026).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,035](/filings/0000107263-25-000145.md) | [3,411 d](/filings/0000107263-26-000006.md) | [4,187](/filings/0000107263-26-000017.md) | [3,378](/filings/0000107263-26-000026.md) | [3,491](/filings/0000107263-25-000145.md) | [3,843 d](/filings/0000107263-26-000006.md) | [4,718](/filings/0000107263-26-000017.md) | [3,379](/filings/0000107263-26-000026.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [27.6%](/filings/0000107263-25-000145.md) | [23.2% d](/filings/0000107263-26-000006.md) | [26.1%](/filings/0000107263-26-000017.md) | [28.0%](/filings/0000107263-26-000026.md) | [31.8%](/filings/0000107263-25-000145.md) | [27.3% d](/filings/0000107263-26-000006.md) | [28.0%](/filings/0000107263-26-000017.md) | [35.0%](/filings/0000107263-26-000026.md) |
| Net margin | % | [23.3%](/filings/0000107263-25-000145.md) | [14.2% d](/filings/0000107263-26-000006.md) | [16.5%](/filings/0000107263-26-000017.md) | [16.2%](/filings/0000107263-26-000026.md) | [18.5%](/filings/0000107263-25-000145.md) | [19.1% d](/filings/0000107263-26-000006.md) | [18.3%](/filings/0000107263-26-000017.md) | [24.5%](/filings/0000107263-26-000026.md) |
| Diluted EPS | $ per share | [0.58](/filings/0000107263-25-000145.md) | not reported | [0.56](/filings/0000107263-26-000017.md) | [0.45](/filings/0000107263-26-000026.md) | [0.53](/filings/0000107263-25-000145.md) | not reported | [0.70](/filings/0000107263-26-000017.md) | [0.68](/filings/0000107263-26-000026.md) |
| Free cash flow | $m | [561 d](/filings/0000107263-25-000145.md) | [450 d](/filings/0000107263-26-000006.md) | [421](/filings/0000107263-26-000017.md) | [478 d](/filings/0000107263-26-000026.md) | [485 d](/filings/0000107263-25-000145.md) | [(379) d](/filings/0000107263-26-000006.md) | [244](/filings/0000107263-26-000017.md) | [(458) d](/filings/0000107263-26-000026.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [12.8](/filings/0000107263-24-000019.md) | [17.8](/filings/0000107263-25-000031.md) | [12.0](/filings/0000107263-26-000006.md) | [12.6](/filings/0000107263-26-000006.md) | [14.9](/filings/0000107263-26-000006.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [20.6%](/filings/0000107263-24-000019.md) | [17.0%](/filings/0000107263-25-000031.md) | [35.9%](/filings/0000107263-26-000006.md) | [26.4%](/filings/0000107263-26-000006.md) | [28.2%](/filings/0000107263-26-000006.md) |
| Net margin | % | [11.9%](/filings/0000107263-24-000019.md) | [11.5%](/filings/0000107263-25-000031.md) | [26.5%](/filings/0000107263-26-000006.md) | [17.6%](/filings/0000107263-26-000006.md) | [17.6%](/filings/0000107263-26-000006.md) |
| Diluted EPS | $ per share | [1.24](/filings/0000107263-24-000019.md) | [1.67](/filings/0000107263-25-000031.md) | [2.60](/filings/0000107263-26-000006.md) | [1.82](/filings/0000107263-26-000006.md) | [2.14](/filings/0000107263-26-000006.md) |
| Free cash flow | $bn | [2.7](/filings/0000107263-24-000019.md) | [2.6](/filings/0000107263-25-000031.md) | [3.4](/filings/0000107263-26-000006.md) | [2.4](/filings/0000107263-26-000006.md) | [1.0](/filings/0000107263-26-000006.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/wmb/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $8.59bn | 115,500,312 |  | Added +3,630,136 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $5.94bn | 79,848,153 |  | Added +492,152 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $5.35bn | 72,015,506 |  | Reduced −972,902 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $3.32bn | 44,667,824 |  | Added +206,588 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $3.23bn | 43,513,739 |  | Added +244,699 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $2.46bn | 33,097,208 |  | Added +10,013,946 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $2.37bn | 31,813,505 |  | Reduced −1,926,614 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $2.21bn | 29,911,265 |  | Added +317,395 |
| [Clearbridge Investments, LLC](/funds/1348883.md) | 2026-06-30 | $1.80bn | 24,212,067 |  | Added +973,210 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $1.60bn | 21,379,796 |  | Reduced −678,569 |

## Recent filings

[All 2,065 filings](/companies/wmb/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-10 | 20:27 ET | [8-K](/filings/0001193125-26-387930.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001193125-26-387930 |
| 2026-09-10 | 13:00 ET | [8-K](/filings/0001193125-26-387359.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-387359 |
| 2026-09-03 | 20:21 ET | [8-K](/filings/0001193125-26-381926.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-381926 |
| 2026-08-21 | 20:15 ET | [8-K](/filings/0000107263-26-000028.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0000107263-26-000028 |
| 2026-08-03 | 20:21 ET | [10-Q](/filings/0000107263-26-000026.md) | Quarterly report, period 2026-06-30 | 0000107263-26-000026 |
| 2026-08-03 | 20:18 ET | [8-K](/filings/0000107263-26-000024.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000107263-26-000024 |
| 2026-07-13 | 13:20 ET | [8-K](/filings/0001193125-26-301533.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-301533 |
| 2026-07-01 | 20:38 ET | [8-K](/filings/0000107263-26-000020.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000107263-26-000020 |
| 2026-05-20 | 20:33 ET | [8-K](/filings/0001193125-26-232714.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-232714 |
| 2026-05-04 | 20:21 ET | [10-Q](/filings/0000107263-26-000017.md) | Quarterly report, period 2026-03-31 | 0000107263-26-000017 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000107263-26-000006.md), filed Feb 24, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/c6b94e5e-69dd-47e6-9002-9f4172a8a10c)

## About the filer

- CIK: 107263
- Tickers: WMB
- Exchange: NYSE
- SIC code: 4922 Natural Gas Transmission
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:21 ET. No prices; not investment advice.