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WMB · Williams Companies, Inc.

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$69.09 -0.35 (-0.50%) At close · Nov 13
Market Cap
$84.51B
Shares
1.22B
Volume · Nov 13 4.33M Avg daily vol (3M) 8.12M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$69.09 Open$70.04 Day$68.53–70.09 52W close$58.26–79.40 Avg vol 30d8.7M Short int29.8M · 2.4% of shares · 3.8d Short vol34% Last earningsNov 3, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 2

Up next

Feb 9, 2027 Est · unconfirmed · in 12 wks

Latest documents

2026
Nov 3
Earnings call
Q3 2026 earnings call

Williams reported third-quarter adjusted EBITDA of $2.04 billion, up 6%, and remains on track for the upper half of $8.3 billion to $8.5 billion full year 2026 guidance; it expects one to two more power projects by year's end.

Nov 2
Current report 8-K
Other events

On November 2, 2026, The Williams Companies, Inc. filed a prospectus supplement covering resale by selling securityholders of up to 26,874,496 common shares; counsel opined the shares were duly authorized, validly issued, fully paid and non-assessable.

Nov 2
Registration statement S-3ASR
Registration statement

Williams Companies, Inc. established an automatic shelf registration for future offerings of debt securities, preferred stock, common stock, purchase contracts, warrants, and units, effective upon filing on November 2, 2026.

Read from the first part of this long document
Nov 2
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Quarterly report for FY2026 Q3

Net income attributable to The Williams Companies, Inc. increased $508 million for the nine months ended September 30, 2026. It closed the approximately $5.1 billion Momentum acquisition and expects 2026 capital expenditures of $7.3 billion to $7.9 billion.

Revenue $3.22B ▲ 10.3% Net income $700M ▲ 8.2% Diluted EPS $0.56 ▲ 5.7%
Read from the MD&A section
Nov 2
Current report 8-K
Adjusted EBITDA rises 6% to $2.039 billion

Williams reported third-quarter 2026 GAAP net income of $699 million and adjusted EBITDA of $2.039 billion, up 8% and 6%, respectively, versus 3Q 2025. It tracks toward the upper half of its $8.3 billion to $8.5 billion 2026 adjusted EBITDA guidance.

Financial results Read from the first part of this long document
4 source passages
Williams Delivers Strong Third-Quarter 2026 Results GAAP net income: $699 million, or $0.56 per diluted share (EPS), up 8% and 6%, respectively, vs. 3Q 2025 Adjusted EBITDA: $2.039 billion, up $119 million or 6% vs. 3Q 2025 Tracking toward the upper half of 2026 Adjusted EBITDA guidance range of $8.3 billion to $8.5 billion Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$12.50B
Trailing 12 months
Net income (TTM)
$3.13B
Trailing 12 months
Revenue growth YoY
+10.3%
Year over year
Operating margin
37.5%
Trailing 12 months
P / E (TTM)
27.2
Trailing earnings · reciprocal yield 3.7%
FCF yield
-1.9%
TTM · current market cap
Return on invested capital
7.6%
Trailing 12 months
Net cash
−$32.18B
Latest balance sheet
Dividend yield
3.0%
Trailing 12 months
Shares change YoY
+1.1%
Year over year · more shares
Price change (1Y)
+15.9%
Trailing year
Short interest
2.4%
Latest settlement · 3.8 days to cover
View all 125 metrics

AI Brief

Q2 FY26 earnings call · Aug 4, 2026
Q2 FY26

TL;DR. Williams raised 2026 adjusted EBITDA guidance to $8.3–$8.5 billion (midpoint up $200M to $8.4B) on stronger base results, announced a $5.5B acquisition of Momentum Midstream with two accompanying Transco/LEG expansion projects, and lifted its long-term EBITDA/EPS CAGR target to 11%+.

Bullish
  • + Raised 2026 adjusted EBITDA guidance to $8.3B–$8.5B with $200M midpoint increase reflecting Momentum deal.
  • + Announced $5.5B strategic acquisition of Momentum Midstream, expected to be accretive to AFFO/EPS.
  • + Lifted long-term 2025–2030 EBITDA/EPS CAGR target from 10%+ to 11%+.
  • + Power Innovation JV with Blackstone adds $5.34B of low-cost capital; Socrates Phase 1 completed on time and on budget.
Bearish
  • − Year-end 2026 leverage expected at ~3.9x, with company noting leverage tightness is a 2026/2027 issue.
  • − Higher interest expense and net debt reflect funding of the Momentum acquisition and growth capex.
  • − Q2 2026 cash flow from operations declined $74M YoY due to Transco rate refunds.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical Sell Momentum Weak Sentiment Neutral Fundamentals Strong Quant / Vol Moderate
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Sell
50 / 200-day cross No cross
Price vs 200-day avg −5%
below
Price vs 50-day avg −3%
below
RSI (14) 47
neutral
MACD trend Negative
52-week position 51%
mid-range
Momentum
relative strength
Weak
1-month return −3%
trailing
6-month return −10%
trailing
YTD return +15%
this year
Relative strength −10%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $71 › 200d $73 — 200d above 50d
Institutional flow Accumulating
1,638 of 1,850 funds reported for Sep 30 · net +4.6M sh shares · +82 new
Insider flow Distributing
Net -$435.2K over 90 days · 100% sells
Short interest Rising
2.43% of shares out · ▲ +11.8% MoM · 3.8 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
1,850 holders — near 3-yr high, broad support
Squeeze score 50
elevated · 0–100
Fundamentals
Strong
Revenue growth +14%
Y/Y
EPS growth +18%
Y/Y
Free cash flow $1.0B
Valuation P/E 27.2
rich
Buyback $1.5B
authorized
Balance sheet $28.6B
net debt
Quant / Vol
risk profile
Moderate
Volatility 26%
annualized · 1-yr
Max drawdown −19%
past year
ATR 3.7%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the 8-K filed Nov 2, 2026
Adjusted EBITDA · 2026 Non-GAAP Maintained $8.3B – $8.5B
Aug 4, 2026 $8.3B – $8.5B changed to Nov 2, 2026 $8.3B – $8.5B
Growth capex · 2026 Maintained $7.3B – $7.9B
Aug 3, 2026 $7.3B – $7.9B changed to Nov 2, 2026 $7.3B – $7.9B

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell
1 · 5 · 0
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−5% Neutral
Price vs 50-day avg
−3% Neutral
RSI (14)
47 Neutral
MACD trend
Negative Bearish
52-week position
51% Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross) No cross
50d $71 › 200d $73 — 200d above 50d
Institutional flow Accumulating
1,638 of 1,850 funds reported for Sep 30 · net +4.6M sh shares · +82 new
Insider flow Distributing
Net -$435.2K over 90 days · 100% sells
Short interest Rising
2.43% of shares out · ▲ +11.8% MoM · 3.8 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
1,850 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $58 Now $69 · 51% Range high $79
vs 200-day avg -5% vs 50-day avg -3%

Illustrative 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 EPS non-GAAP $0.5 2Q 2026 —
Adjusted income from continuing operations - diluted earnings per common share non-GAAP $2.1 Year 2025 —
Adjusted net income non-GAAP 614M 2Q 2026 —
Available funds from operations (AFFO) non-GAAP 1.45B 2Q 2026 —
Avg. daily transportation volumes (Transcontinental Gas Pipe Line) 15.1 Q2 2026 —
Capital Investments (Excluding Acquisitions) 1.64B 2Q 2026 —
Cash flow from operations (CFFO) 1.38B 2Q 2026 —
Coverage ratio (AFFO divided by common dividends paid) non-GAAP 2.26 2nd Qtr 2026 —
Crude oil transportation volumes 237 Q2 2026 —
Debt-to-Adjusted EBITDA at Quarter End non-GAAP 3.67 2Q 2026 —
Gas & NGL Marketing Services Adjusted EBITDA non-GAAP $227M 1st Qtr 2026 —
Gas & NGL Marketing Services Modified EBITDA 123M 2Q 2026 —
Modified EBITDA (total) 2.08B 2Q 2026 —
Modified EBITDA from upstream operations, corporate, and other business activities non-GAAP 98M the three months ended June 30, 2026 filing —
Natural Gas product sales volumes 5.52 2nd Qtr —
NGL Marketing Services Modified EBITDA $123M the three months ended June 30, 2026 filing —
Northeast G&P Modified EBITDA 540M 2Q 2026 —
Other Modified EBITDA 98M 2Q 2026 —
Total Adjusted EBITDA non-GAAP $4.18B Year-to-date 2026 —
Transmission, Power & Gulf Modified EBITDA 959M 2Q 2026 —
West Adjusted EBITDA non-GAAP $359M 2nd Qtr 2026 —
West Modified EBITDA 359M 2Q 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
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
WMB
Williams Companies, Inc.
this stock
$84.51B +14.9% +13.8% 27.2 2.4%
ENB
Enbridge Inc
$106.25B -0.3% — — 2.5%
EPD
Enterprise Products Partners L.P.
$82.55B +19.4% -6.4% 12.7 0.8%
KMI
Kinder Morgan, Inc.
$71.11B +16.1% +12.2% 19.7 1.9%
TRP
Tc Energy Corp
$67.49B +17.8% — — 1.8%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
1,830
% held
92.1%
Reported
1,638 of 1,850
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
1,094
View
Short & Settlement
Short Interest Rising
Shares short
29.8M
Days to cover
3.8d
Change
+3.1M sh
View
Short Volume
Short vol %
34%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
4.0K
Value
$279.2K
As of
Oct 2, 2026
View
Off-Exchange
Off-exchange %
42.1%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$435.2K
Buyers / Sellers
0 / 1
Buyers Sellers
View
Congressional Trades Buy
Member
Alan Armstrong
Amount
$15.0K–$50.0K
Traded
Aug 20, 2026
View
Financials
Financials
Revenue (FY)
$12.0B
Net income (FY)
$2.6B
EPS diluted
$2.14
View
Buybacks
Authorized
$1.5B
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 2, 2026
This year
25

Williams reported third-quarter 2026 GAAP net income of $699 million and adjusted EBITDA of $2.039 billion, up 8% and 6%, respectively, versus 3Q 2025. It tracks toward the upper half of its $8.3 billion to $8.5 billion 2026 adjusted EBITDA guidance.

View
Proposed Sales
Value
$148.3K
Shares
2.0K
Filed
Nov 2, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 3, 2026
View
Investor Relations
Latest news
Williams Delivers Strong Third-Qu…
Published
Nov 2, 2026
View

Performance

5D 20D 120D MTD YTD
WMB +7.8% -3.1% -9.5% -7.1% +14.9%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY +5.2% -1.9% -10.0% -6.9% +4.3%

Capital returns

Latest dividend
$0.525 / share · ex Sep 11, 2026
Declared · upcoming
$0.525 / share · ex Dec 11, 2026
Raised 5%
Paid (TTM)
$2.075 / share · 4 payouts
Dividend yield (TTM, derived)
3.00%
Full dividend history
Buyback program · as of Sep 3, 2021
Authorized
$1.50B
Spent (derived)
—
Remaining
—

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.

Key facts CIK 107263 CUSIP 969457100 13F (30d) 1406 filings 1322 filers Visit website Investor relations