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 · FY2025 Q4
Williams Companies, Inc. (WMB) Q4 2025 Earnings Call
Revenue · derived Q4
$3.20B
+16.6% YoY
Net income · derived Q4
$734.00M
+51% YoY
Forward guidance
2 guided metrics
Management's latest ranges and targets are included below.
Research coverage
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Forward guidance
From the 8-K filed Feb 10, 2026.
| Metric | Period | Guided | Basis |
|---|---|---|---|
|
Adjusted EBITDA
2026
|
$8.05B – $8.35B | Non-GAAP | |
|
Growth capex
2026
|
$6.1B – $6.7B | — |
Quarter detail
How the reported period landed and where the business moved.
SEC filing · Item 2.02
8-K earnings release
Filed Feb 10, 2026 · complete as-filed document
SEC periodic report
10-K report
Filed Feb 24, 2026 · complete as-filed document