The Company in a Nutshell
| Date Reviewed | 02/23/2026 |
| Company Name | Williams Companies Inc |
| Symbol | WMB |
| Sector | Energy |
| Industry | Oil & Gas Midstream |
| Beta | 0.64 |
| PRO Rating | 3 |
| Dividend Safety | 3 |
Business Model
The Williams Companies, Inc. owns and operates energy infrastructure that delivers natural gas. The Company's segments include Transmission, Power & Gulf; Northeast G&P; West, and Gas & NGL Marketing Services. Transmission, Power & Gulf segment is comprised of interstate natural gas pipelines and their related natural gas storage facilities including Transco, NWP, and MountainWest and a 50 percent equity-method investment in Gulfstream; and others. Northeast G&P segment is comprised of midstream gathering, processing, and fractionation businesses in the Marcellus Shale region primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio, and others. West segment is comprised of gas gathering, processing, and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Eagle Ford Shale region of south Texas, and others. Gas & NGL Marketing Services segment is comprised of NGL and natural gas marketing and trading operations.
| Current price | 72.76 |
| ROE | 20.80 % |
| ROIC | 6.65 % |
| Shareholder Yield | 0.30 % |
| 5-Yr Total Return | 288.30 % |
| 1-Yr Total Return | 25.25 % |
| Next Earnings Date | 05-04-26 |
Latest Quarter Information
What the CEO said:
“In 2025, Williams delivered record Adjusted EBITDA of $7.75 billion,” and said 2026 guidance reflects “ongoing strong growth… as we realize the benefit of pipeline transmission and offshore projects that came online in 2025,” plus a partial-year contribution from its first power innovation project expected online in 2H 2026.
What we say:
2026-02-21, Williams Companies Inc reported a good quarter performance on EPS and revenue with +50% and +16.6% respectively. Q4 rev ~$3.2B (+~17% YoY) on higher Transco service rev (rate hikes + expansions), new Gulf volumes, and higher G&P volumes incl acquisitions. EPS up: GAAP $0.60 vs $0.40; adj $0.55 vs $0.47, helped by service rev growth + better derivative marks + higher equity earnings (Cogentrix), partly offset by Mid-Continent impairment, higher taxes, and higher D&A/O&A/interest. Dividend +5% to $2.10 (2026). 2026 adj EBITDA $8.05–$8.35B; growth capex $6.1–$6.7B. Strategy: gas infra + power innovation; 1.1 Bcf/d online, 7.1 Bcf/d in execution.
Investment Thesis
Dividend Triangle
| 5-Yr Rev. Growth | 7.25 % |
| 5-Yr EPS Growth | 17.65 % |
| 5-Yr Div Growth | 4.75 % |
Potential Risks
| Debt/Equity | 2.30 |
| Financial Debt to EBITDA (TTM) | 4.30 |
| Current Ratio (Quarterly) | 0.55 |
| Credit Score | 75 |
Dividend Growth Perspective
| Dividend ($) | 2.1 |
| Dividend Yield Fwd | 2.90 % |
| Dividend Frequency | Quarterly |
| Average 5-Yr Yield | 4.30 % |
| Payout Ratio (%) | 93.40 |
| Cash Payout Ratio (%) | 271.65 |
| DGR 1-Yr (TTM) | 4.65 |
| DGR 3-Yr (TTM) | 5.25 |
| DGR 5-Yr (TTM) | 4.75 |
| DGR Streak | 6 |
| Chowder Score | 7.65 |
| Next DVD PMT | 03-30-26 |
Valuation
(Data for `ddm_growth_rate_years` field are missing to build DDM tables)
Video Tutorial: How to Read the Stock Cards DDM Valuation
| Market Cap | 89 B |
| PE Ratio | 33.95 |
| Fwd PE | 30.60 |
| Price to Book Ratio | 6.90 |
| DDM Valuation | 0 |
| Average 5-Yr PE | 26.39 |
| Value Score | 31 |