WMB · Williams Companies, Inc.
One customer — 31% 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, and 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, and NWP's largest customer was Puget Sound Energy, Inc., which accounted for approximately 31 percent of its operating revenue.”
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $4.18B | Year to Date 2026 | — |
| Available Funds from Operations non-GAAP | $3.22B | Year to Date 2026 | — |
| Capital Investments (Excluding Acquisitions) | $1.64B | 2Q 2026 | — |
| Consolidated Gathering volumes | 4.39 | 2Q 2026 | — |
| Consolidated NGL production | 137 | 2Q 2026 | — |
| Consolidated Plant inlet natural gas volumes | 1.86 | 2Q 2026 | — |
| Debt-to-Adjusted EBITDA at Quarter End non-GAAP | 3.67 | 2Q 2026 | — |
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| Dividend Coverage Ratio non-GAAP | 2.26 | 2Q 2026 | — |
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| Non-consolidated Gathering volumes | 6.47 | 2Q 2026 | — |
| Transcontinental Gas Pipe Line Avg. daily firm reserved capacity | 20.8 | 2Q 2026 | — |
| Transcontinental Gas Pipe Line Avg. daily transportation volumes | 15.9 | 2Q 2026 | — |
| Adjusted Net Income non-GAAP | 895M | 1Q 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas Midstream — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
WMB
this stock
Williams Companies, Inc.
|
$90.15B | +25.1% | +13.8% | 29.4 | 2.2% |
|
ENB
Enbridge Inc
|
$111.19B | +6.4% | — | — | 1.4% |
|
EPD
Enterprise Products Partners L.P.
|
$84.00B | +21.3% | -6.4% | — | 0.8% |
|
KMI
Kinder Morgan, Inc.
|
$73.08B | +19.4% | +12.2% | 21.0 | 2.0% |
|
ET
Energy Transfer LP
|
$72.48B | +27.7% | +3.5% | — | 0.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| WMB | +6.8% | +2.5% | +3.0% | +5.1% | +25.1% |
| SPY | +0.4% | +4.5% | +13.8% | +3.9% | +13.9% |
| vs SPY | +6.4% | -2.0% | -10.7% | +1.2% | +11.3% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.