Executive readout · one minute
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WMB
$69.09
-0.50%
WMB
· Williams Companies, Inc.
$69.09
-0.35 (-0.50%)
At close · Nov 13
View the 10-K filed Feb 24, 2026
Return incl. dividend (before tax)
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Q3 2026 earnings call transcript
Customer concentration
— top customer 31% of revenue
One customer — 31% of revenue (the year ended December 31, 2025)
“NWP's largest customer was Puget Sound Energy, Inc., which accounted for approximately 31 percent of its operating revenue.”
One customer — 9% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, Transco's largest customer was Duke Energy Corporation, which accounted for approximately 9 percent of its operating revenue”
Market Cap
$84.51B
Shares
1.22B
Volume · Nov 13
4.33M
Avg daily vol (3M)
8.12M
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Earnings call · FY2021 Q4
Williams Companies, Inc. (WMB) Q4 2021 Earnings Call
Revenue · derived Q4
$3.26B
+55.7% YoY
Net income · derived Q4
$622.00M
+436.2% YoY
Forward guidance
3 guided metrics
Management's latest ranges and targets are included below.
Research coverage
2 live sources
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Forward guidance
From the 8-K filed Feb 22, 2022.
| Metric | Period | Guided | Basis |
|---|---|---|---|
|
Adjusted EBITDA
2022
|
$5.6B – $6B | Non-GAAP | |
|
Growth capex
2022
|
$1.25B – $1.35B | — | |
|
Maintenance capex
2022
|
$650M – $750M | — |
Quarter detail
How the reported period landed and where the business moved.
SEC filing · Item 2.02
8-K earnings release
Filed Feb 22, 2022 · complete as-filed document
SEC periodic report
10-K report
Filed Feb 28, 2022 · complete as-filed document