Williams Companies, Inc. (WMB)
Energy · Oil & Gas Storage & Transportation · US stock · S&P 500 component
$71.28
▲ +2.06 (2.98%)
Fair valueOvervalued
$40 −43.9% to fair value
$20fair band $28–$52$60
Day's range
$69.25 – $71.48
52-week range
$54.53 – $78.92
About Williams Companies, Inc.
Williams is a Tulsa-based energy infrastructure company focused on natural gas. It operates pipelines that move gas from producing regions to utilities, power generators, industrial users and export facilities, along with gathering and processing assets that clean and prepare gas near the wellhead. Its customers are gas producers, utilities and other shippers, and its Transco pipeline carries gas to the eastern United States.
Williams earns money from fees for gathering, processing, transporting and storing gas, mostly under long-term contracts. Revenue is $15.4 billion over the last twelve months, while revenue growth over three years is -5.7% a year. The operating margin is 30.2%, and the business earns a profit of 8% on the capital invested in it. It has net debt of 4.4 times EBITDA, and the dividend yield is 2.9%. On the site's X-Ray Score it receives 39 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $54.53 – $78.92Volume 10,444,900Daily, split-adjusted
Vitals
Market cap$87.3B
52-week range$54.53 – $78.92
Volume (last day)10,444,900
P/E (TTM)28.4
EBIT / EV yield3.9%
Free-cash-flow yield-0.1%
Dividend yield2.9%
Revenue (TTM)$15.4B
Net income (TTM)$3.1B
Operating margin30.2%
Return on capital8.1%
Debt incl. leases$30.8B
Cash & securities$203M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$40model spread $35 – $46
Overvalued
−43.9% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Multiples use through-the-cycle earnings (0.85x of the last twelve months)
Price $71
Undervalued < $28Fair $28 – $52Overvalued > $52
10-year DCF (market-scaled)
$49
Peer multiples
$28
Earnings power floor (not blended)
$9
Fundamentals-adjusted multiple
$43
Growth the price implies
18.2%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Energy peers. Open a lens to see the numbers behind it.
Valuation
Weak
15/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield3.9%
Free-cash-flow yield-0.1%
Fair value vs price0.6×
Growth
Fair
63/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)-5.7%
EPS growth (3y)8.6%
Growth consistency90%
Profitability
Weak
40/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital8.1%
Operating margin30.2%
Financial health
Weak
26/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA4.4×
Interest cover3.1×
Dividends
Strong
75/100
Dividend is high and well covered by cash flow.
See the numbers →
Dividend yield2.9%
Dividend growth5.6%
Quarterly results: last 6 quarters
+25.4%
Mar '25
+18.7%
Jun '25
+15.0%
Sep '25
+12.7%
Dec '25
+12.7%
Mar '26
+0.0%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $3.4B, diluted EPS $0.68.
Compare with peers
OKE Oneok Inc51 KMI Kinder Morgan, Inc.44 TRGP Targa Resources Corp.42Other Oil & Gas Storage & Transportation companies by X-Ray Score.
Fundamentals checklist
● 4 Good · ● 1 Average · ● 10 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Altman Z''Bad
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 34/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $12.8B | $17.8B | $12.0B | $12.6B | $14.9B |
| Operating income | $2.6B | $3.0B | $4.3B | $3.3B | $4.2B |
| Net income | $1.5B | $2.0B | $3.2B | $2.2B | $2.6B |
| Operating cash flow | $3.9B | $4.9B | $5.9B | $5.0B | $5.9B |
| Operating margin | 20.6% | 17.0% | 35.9% | 26.4% | 28.2% |
| Free cash flow | $2.7B | $2.6B | $3.4B | $2.4B | $1.0B |
| Diluted EPS | $1.24 | $1.67 | $2.60 | $1.82 | $2.14 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
5 bullish · 4 neutral · 7 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 72.17 | Bearish |
| EMA 10 | 71.73 | Bearish |
| SMA 20 | 71.03 | Bullish |
| EMA 20 | 71.62 | Bearish |
| SMA 50 | 72.03 | Bearish |
| EMA 50 | 71.86 | Bearish |
| SMA 100 | 72.26 | Bearish |
| EMA 100 | 71.76 | Bearish |
| SMA 200 | 70.96 | Bullish |
| EMA 200 | 69.71 | Bullish |
Oscillators (daily)
| RSI (14) | 48.74 | Neutral |
| MACD (12, 26) | 0.04 | Bullish |
| Momentum (12) | 4.87 | Bullish |
| Stochastic %K (14) | 53.65 | Neutral |
| Williams %R (14) | -46.35 | Neutral |
| CCI (20) | -16.21 | Neutral |
Pivot points (classic, last session)
S3 67.63 | S2 68.44 | S1 69.86 | Pivot 70.67 | R1 72.09 | R2 72.90 | R3 74.32 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.08 USD
Yield on today's price
2.91%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 11 Sep 2026 | 0.5250 |
| 12 Jun 2026 | 0.5250 |
| 13 Mar 2026 | 0.5250 |
| 12 Dec 2025 | 0.5000 |
| 12 Sep 2025 | 0.5000 |
| 13 Jun 2025 | 0.5000 |
| 14 Mar 2025 | 0.5000 |
| 13 Dec 2024 | 0.4750 |
| 13 Sep 2024 | 0.4750 |
| 7 Jun 2024 | 0.4750 |
| 7 Mar 2024 | 0.4750 |
| 7 Dec 2023 | 0.4480 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
WMB SEC filings
10 Sep 2026
8-KSEC EDGAR
Entered a material agreement
10 Sep 2026
8-KSEC EDGAR
Regulation FD disclosure; Other events
8 Sep 2026
424B5SEC EDGAR
424B5
3 Sep 2026
8-KSEC EDGAR
Other events
21 Aug 2026
8-KSEC EDGAR
Director or officer change
3 Aug 2026
10-QSEC EDGAR
Quarterly report
3 Aug 2026
8-KSEC EDGAR
Results of operations
13 Jul 2026
8-KSEC EDGAR
Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.