Executive readout · one minute
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WMB
$70.07
+1.23%
WMB
· Williams Companies, Inc.
$70.07
+0.85 (+1.23%)
At close · Oct 2
View the 10-K filed Feb 24, 2026
Return incl. dividend (before tax)
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
$84.72B
Shares
1.22B
Volume · Oct 2
487.89K
Avg daily vol (3M)
7M
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Earnings call · FY2023 Q4
Williams Companies, Inc. (WMB) Q4 2023 Earnings Call
Forward guidance
6 guided metrics
Management's latest ranges and targets are included below.
Research coverage
2 live sources
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Revenue · derived Q4
$2.78B
-5% YoY
Net income · derived Q4
$1.14B
+70.1% YoY
Research materials
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Forward guidance
From the 8-K filed Feb 14, 2024.
| Metric | Period | Guided | Basis |
|---|---|---|---|
|
Adjusted EBITDA
2024
|
$6.8B – $7.1B | Non-GAAP | |
|
Growth capex
2024
|
$1.45B – $1.75B | — | |
|
Maintenance capex
2024
|
$1.1B – $1.3B | — | |
|
Adjusted EBITDA
2025
|
$7.2B – $7.6B | Non-GAAP | |
|
Maintenance capex
2025
|
$750M – $850M | — | |
|
Growth capex
2025
|
$1.65B – $1.95B | — |
SEC filing · Item 2.02
8-K earnings release
Filed Feb 14, 2024 · complete as-filed document
SEC periodic report
10-K report
Filed Feb 21, 2024 · complete as-filed document