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Adjusted EBITDA by Segment
Breaks down adjusted EBITDA across Williams’ business lines (for example transmission, processing, storage), revealing which segments are driving profits and which are more capital‑intensive or cyclical. That information helps evaluate dividend sustainability, margin strength, and where management is focusing capital deployment and risk.Transmission, Power & Gulf is the structural growth engine—steady, multi‑year upside in that segment explains the record Q1 and supports the company’s mid‑cycle CAGR target. Northeast and West are consistent contributors with project-driven bumps, while ‘Other’ and Gas/NGL Marketing are highly lumpy: divestiture timing, book gains and marketing mark‑to‑market create much of the quarter-to-quarter noise management strips out. Expect a seasonal Q2 dip and a short-term leverage blip from higher growth CapEx (~4.1x), but recent large contracted wins materially de‑risk medium‑term growth if financing and execution proceed.
Date | Other | Transmission, Power & Gulf | Northeast G&P | West | Gas NGL Marketing Services |
|---|---|---|---|---|---|
Jun 30, 2026 | $86.00M | $959.00M | $540.00M | $359.00M | $123.00M |
Mar 31, 2026 | $50.00M | $1.01B | $524.00M | $407.00M | $40.00M |
Dec 31, 2025 | $90.00M | $998.00M | $508.00M | $201.00M | $135.00M |
Sep 30, 2025 | $93.00M | $973.00M | $505.00M | $342.00M | $54.00M |
Jun 30, 2025 | $118.00M | $891.00M | $501.00M | $341.00M | -$30.00M |
Mar 31, 2025 | $75.00M | $858.00M | $514.00M | $354.00M | $152.00M |
Dec 31, 2024 | $56.00M | $825.00M | $497.00M | $344.00M | -$110.00M |
Sep 30, 2024 | $58.00M | $811.00M | $476.00M | $323.00M | $11.00M |
Jun 30, 2024 | $47.00M | $808.00M | $481.00M | $318.00M | -$126.00M |
Mar 31, 2024 | $76.00M | $829.00M | $504.00M | $327.00M | $101.00M |