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Williams Co (WMB) Stock Price & Analysis
WMB Stock Chart & Stats
- Day’s Range
- $64.04 - $65.63
- 52-Week Range
- $57.80 - $80.08
- Previous Close
- $64.25
- Volume
- N/A
- Average Volume (3M)
- 8.79M
- Market Cap
- $80.33B
- Enterprise Value
- $122.19B
- Total Cash (Recent Filing)
- $1.76B
- Total Debt (Recent Filing)
- $33.93B
- Price to Earnings (P/E)
- 25.1
- Beta
- 0.36
- Next Earnings
- Feb 22, 2027 (Est.)
- EPS Estimate
- 0.61
- Next Dividend Ex-Date
- Dec 11, 2026
- Dividend Yield
- 3.24%
Bulls Say, Bears Say
Bulls Say
Contracted Midstream Model
Williams’ fee-based transportation, gathering, processing, and storage model can provide recurring revenue across market cycles. Contracted capacity and regulated tariffs reduce direct exposure to commodity prices, while diversified utility, power, LNG, and producer customers support durable cash generation.
Earnings Growth Outlook
Results are showing meaningful operating momentum, with 2026 EBITDA tracking above the midpoint and management maintaining an ambitious multi-year growth target. If achieved, sustained EBITDA expansion should strengthen scale, support investment, and improve the company’s competitive position.
Expansion And Demand Backlog
Williams has multiple structural avenues for growth rather than relying on one project or basin. LNG exports, industrial reshoring, power demand, storage needs, and Transco expansion opportunities create a broad backlog that can support investment and revenue growth over several years.
Bears Say
High Leverage
High leverage reduces financial flexibility and increases sensitivity to refinancing conditions and interest costs. Although management expects leverage to remain below its internal ceiling, debt service and funding needs could constrain capital allocation while the company executes its expansion program.
Negative Free Cash Flow
Negative free cash flow indicates that current capital spending and working-capital demands exceed internally generated cash after operations. This can increase reliance on debt, equity, joint ventures, or other financing, limiting flexibility if investment needs remain elevated.
NESE Permitting Timing Risk
The permitting remand creates execution and timing uncertainty for the Northeast Supply Enhancement project. Even though management does not expect a material financial impact, delayed service could postpone project benefits and complicate planned regional capacity and customer-service expansion.
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Williams Co Stock Smart Score
Company Description
Williams Co
The Williams Companies, Inc., alongside its subsidiaries, operates as a prominent energy infrastructure entity, primarily conducting business throughout the United States. The company’s operations are organized into four key segments: Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services. The Transmission & Gulf of Mexico division manages crucial natural gas pipelines such as Transco and Northwest, in addition to natural gas gathering and processing, and crude oil production handling and transportation assets situated in the Gulf Coast. This segment also oversees various petrochemical and feedstock pipelines. Focusing on midstream activities, the Northeast G&P segment handles gathering, processing, and fractionation within the Marcellus Shale region, predominantly in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment delivers gas gathering, processing, and treating services across the Rocky Mountain areas of Colorado and Wyoming, the Barnett Shale in north-central Texas, the Eagle Ford Shale in South Texas, the Haynesville Shale in northwest Louisiana, and the expansive Mid-Continent region (including the Anadarko, Arkoma, and Permian basins). This segment also operates natural gas liquid (NGL) fractionation and storage facilities located near Conway in central Kansas. The Gas & NGL Marketing Services segment provides comprehensive wholesale marketing, trading, storage, and transportation of natural gas to utilities, municipalities, power generators, and producers, while also offering risk and asset management and NGL marketing services. The company possesses and operates an extensive network, including 30,000 miles of pipelines, 29 processing facilities, 7 fractionation facilities, and an approximate NGL storage capacity of 23 million barrels. The Williams Companies, Inc. was established in 1908 and maintains its headquarters in Tulsa, Oklahoma.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- CEO
- Chad J. Zamarin
- Employees
- 5,987
- Website
- www.williams.com
- Address
- One Williams Center, Tulsa, OK, 74172, US
Williams Co (WMB) Earnings & Revenues
WMB Company Deck
WMB Earnings Call
Earnings Call SentimentPositive
The call was strongly positive overall. Williams reported record quarterly results, delivered 6% adjusted EBITDA growth and 10% adjusted EPS and AFFO growth, reiterated that 2026 EBITDA is tracking toward the upper half of guidance, and highlighted substantial expansion across power, pipeline, storage, LNG, and Haynesville operations. The main challenges were seasonally lower Sequent results, a $28 million decline in the other segment, near-term leverage tightness, higher potential financing costs, and permitting-related timing risk for NESE, but these issues were presented as manageable within the broader growth plan.
View all WMB earnings summariesWMB Net sales Breakdown
- 45.55% Transmission & Gulf of Mexico
- 18.14% Northeast G&P
- 23.82% West
- 18.20% Gas & NGL Marketing Services
- 5.37% Other
- -11.09% Eliminations
WMB Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 6 | 2 | 14 |
| Technical Analysis | 6 | 2 | 2 |
| Moving Averages | 0 | 0 | 12 |
