Williams Companies is a US energy company for natural gas infrastructure. It runs large pipelines such as Transco, which transport natural gas across the US, as well as facilities for gathering, processing and storing gas. As of Oct 11, 2026
As of Oct 11, 2026Fact sheet (from the annual report)Natural gas transmission · Tulsa, USAfull fact sheet
Williams is an energy company that gathers, processes, transports and stores natural gas. In addition, there is fractionation, transportation and storage of natural gas liquids as well as marketing services. The subsidiary Transco operates a natural gas pipeline from Texas, Louisiana and the Gulf of America to the greater New York area. The subsidiary NWP carries natural gas from the San Juan Basin in New Mexico and Colorado to the Canadian border. The interstate gas transportation of both subsidiaries is regulated by FERC. Customers of Williams’ interstate pipelines include local gas utilities, municipal utilities, industry, power generators as well as marketers and producers.
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
52-week-high breakout · Analysis method
The price of WMB is currently in no zone of this method. The check runs daily after the market close.
Whether a price will soon reach a zone, you see from Watcher. Plans and pricing
How the zone is formed
What is this? The price closes above the highest high of the last 52 weeks for the first time, on clearly higher volume. New 52-week highs are seen as a sign of strength.
Buy zone: the old high up to 1 ATR above it (retest). Stop: 1.5 ATR below the old high. Targets: 3 and 5 ATR above the old high.
The pattern is valid for at most 15 trading days and expires if the price falls below the stop. This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
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Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Williams Companies · Sector Energy · amounts in USD
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Feb 24, 2026.
In short
Light yellow: Revenue grew over 5 years (+9.1% per year), more slowly than the sector median.
Light green: Net income (total) grew over 5 years (+65.5% per year); per share +66.0% per year.
Light green: Net margin 21.9%, above the sector median (11.0%).
Light red: Profit in 8 of 10 fiscal years.
Light yellow: High payout ratio (93% of earnings).
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
−5B05B10B15B
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 7.5B USD · Net income −424.0M USD · Net margin −5.7%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 8.0B USD · Net income 2.2B USD · Net margin 27.1%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 8.7B USD · Net income −155.0M USD · Net margin −1.8%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 8.2B USD · Net income 850.0M USD · Net margin 10.4%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 7.7B USD · Net income 211.0M USD · Net margin 2.7%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 10.6B USD · Net income 1.5B USD · Net margin 14.3%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 11.0B USD · Net income 2.0B USD · Net margin 18.7%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 10.9B USD · Net income 3.2B USD · Net margin 29.1%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 10.5B USD · Net income 2.2B USD · Net margin 21.2%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 12.0B USD · Net income 2.6B USD · Net margin 21.9%
Margin
−6%27%−2%10%3%14%19%29%21%22%
RevenueNet incomeNet margin (below)in USD
01B2B3B4B
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 2.6B USD · Net income 654.0M USD · Net margin 25.6%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 2.8B USD · Net income 1.1B USD · Net margin 40.9% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 2.8B USD · Net income 632.0M USD · Net margin 22.8%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 2.3B USD · Net income 401.0M USD · Net margin 17.2%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 2.7B USD · Net income 706.0M USD · Net margin 26.6%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 2.7B USD · Net income 486.0M USD · Net margin 17.7% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 3.0B USD · Net income 691.0M USD · Net margin 22.7%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 2.8B USD · Net income 546.0M USD · Net margin 19.6%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 2.9B USD · Net income 647.0M USD · Net margin 22.1%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 3.2B USD · Net income 734.0M USD · Net margin 23.0% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 3.0B USD · Net income 865.0M USD · Net margin 28.5%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 3.1B USD · Net income 827.0M USD · Net margin 27.1%
Margin
26%41%23%17%27%18%23%20%22%23%29%27%
Earnings per shareUSD per share
−1.0001.002.003.00
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share −0.57 USD
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 2.62 USD
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share −0.16 USD
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 0.70 USD
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 0.17 USD
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 1.24 USD
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 1.67 USD
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 2.60 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 1.82 USD
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 2.14 USD
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 0.70 USD
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 0.68 USD
Dividend per sharePayout ratio (below)USD per share
00.501.001.502.00
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 1.68 USD · Payout ratio not available
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 1.20 USD · Payout ratio 45.8%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 1.36 USD · Payout ratio not available
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 1.52 USD · Payout ratio 217.1%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 1.60 USD · Payout ratio 941.2%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 1.64 USD · Payout ratio 132.3%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 1.70 USD · Payout ratio 101.8%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 1.79 USD · Payout ratio 68.8%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 1.90 USD · Payout ratio 104.4%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 2.00 USD · Payout ratio 93.5%
Ratio
46%217%941%132%102%69%104%93%
Dividend per sharePayout ratio (below)USD per share
00.200.400.60
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Dividend per share 0.45 USD · Payout ratio 82.9%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share 0.45 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 0.48 USD · Payout ratio 91.3%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 0.48 USD · Payout ratio 143.9%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 0.48 USD · Payout ratio 81.9%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share 0.48 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 0.50 USD · Payout ratio 89.3%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 0.50 USD · Payout ratio 111.1%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 0.50 USD · Payout ratio 94.3%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share 0.50 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 0.53 USD · Payout ratio 75.0%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 0.53 USD · Payout ratio 77.2%
Ratio
83%91%144%82%89%111%94%75%77%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 12.0B USD · Net income 2.6B USD · Net margin 21.9%
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 22 symbols in the Energy sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light yellow: below sector
+9.1%per year, last 5 years
Sector Energy: median +14.8% (21 symbols)
What does this mean? Revenue: over 5 years it grew by 9.1% per year on average, but more slowly than the median company in the sector (+14.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: growing
+65.5%per year, last 5 years
per share: +66.0% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 65.5% per year on average. Comparable values for a sector comparison are missing.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 21.91 USD remained as profit – at least as much as the median company in the sector (11.0%). Five years ago the margin was 2.7%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light gray: not available
–latest balance sheet
Sector Energy: median 0.35 (13 symbols)
What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light yellow: high
93%Dividend / earnings per share
Sector Energy: median 55% (16 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.93 USD went to shareholders as a dividend. Little buffer remains for weaker years. Median company in the sector: 55%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light red: 2 loss years
8 of 10fiscal years with a profit
What does this mean? In 8 of the last 10 fiscal years the bottom line showed a profit. 2 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
12.0B USD
Revenue vs. prior year
+13.8%
Net income (FY)
2.6B USD
Net income vs. prior year
+17.7%
EPS (FY)
2.14 USD
13F funds with a position
2 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
+0.3%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 24, 2026 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
12.0B
2.6B
21.9%
2.14
2.00
93%
2024
Dec 31, 2024
10.5B
2.2B
21.2%
1.82
1.90
104%
2023
Dec 31, 2023
10.9B
3.2B
29.1%
2.60
1.79
69%
2022
Dec 31, 2022
11.0B
2.0B
18.7%
1.67
1.70
102%
2021
Dec 31, 2021
10.6B
1.5B
14.3%
1.24
1.64
132%
2020
Dec 31, 2020
7.7B
211.0M
2.7%
0.17
1.60
941%
2019
Dec 31, 2019
8.2B
850.0M
10.4%
0.70
1.52
217%
2018
Dec 31, 2018
8.7B
−155.0M
−1.8%
−0.16
1.36
–
2017
Dec 31, 2017
8.0B
2.2B
27.1%
2.62
1.20
46%
2016
Dec 31, 2016
7.5B
−424.0M
−5.7%
−0.57
1.68
–
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q2/26
Jun 30, 2026
3.1B
827.0M
27.1%
0.68
0.53
77%
Q1/26
Mar 31, 2026
3.0B
865.0M
28.5%
0.70
0.53
75%
Q4/25*
Dec 31, 2025
3.2B
734.0M
23.0%
–
0.50
–
Q3/25
Sep 30, 2025
2.9B
647.0M
22.1%
0.53
0.50
94%
Q2/25
Jun 30, 2025
2.8B
546.0M
19.6%
0.45
0.50
111%
Q1/25
Mar 31, 2025
3.0B
691.0M
22.7%
0.56
0.50
89%
Q4/24*
Dec 31, 2024
2.7B
486.0M
17.7%
–
0.48
–
Q3/24
Sep 30, 2024
2.7B
706.0M
26.6%
0.58
0.48
82%
Q2/24
Jun 30, 2024
2.3B
401.0M
17.2%
0.33
0.48
144%
Q1/24
Mar 31, 2024
2.8B
632.0M
22.8%
0.52
0.48
91%
Q4/23*
Dec 31, 2023
2.8B
1.1B
40.9%
–
0.45
–
Q3/23
Sep 30, 2023
2.6B
654.0M
25.6%
0.54
0.45
83%
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +75
Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+10
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)15.0
Rel. strength 60 d+4.1%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.