Revenue segments as reported by the company.

Service revenues

Service revenues – commodity consideration

Product sales

Net gain (loss) on commodity derivatives

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Processing commodity expenses

Operating and maintenance expenses

Depreciation and amortization

Selling, general, and administrative

Impairment of certain assets

Other (income) expense – net

Gain on sale of business

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Williams

The Williams Cos., Inc. operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico, Northeast G&P, and West. The Transmission and Gulf of Mexico segment consists of interstate natural gas pipelines, the Transco and Northwest Pipelines, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region. The Northeast G&P segment includes midstream gathering, processing, and fractionation businesses in the Marcellus Shale region primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment consists of gas gathering, processing, and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of south Texas, the Haynesville Shale region of northwest Louisiana, and the Mid-Continent region which includes the Anadarko, Arkoma, and Permian basins. The company was founded by David Williams and Miller Williams in 1908 and is headquartered in Tulsa, OK.

Earnings data Q1 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Williams (WMB) reports robust Q1 earnings, eyes growth opportunities

Williams (WMB) delivered strong financial performance in Q1 2023, showcasing growth in EBITDA and strategic achievements. The company remains focused on its natural gas-centric approach, addressing challenges while pursuing opportunities for expansion and infrastructure development.

Williams (WMB) reports robust Q2 performance and strategic growth outlook

Williams (WMB) demonstrated strong financial performance, operational efficiency, and strategic focus on sustainable growth in Q2 2023.
The company's emphasis on natural gas infrastructure, cost control, and dividend growth aligns with its long-term resilience and value creation.
While facing challenges in hedging, regulatory outcomes, and M&A, Williams remains optimistic about growth opportunities and market positioning.

Williams (WMB) reports robust Q3 earnings, eyes growth opportunities

Williams (WMB) showcased strong financial performance, operational achievements, and strategic initiatives in Q3 2023 earnings call.
The company's focus on growth, clean energy initiatives, and revenue stability through pipeline infrastructure positions it well for the future.
While facing challenges in regulatory aspects and market dynamics, Williams remains optimistic about its expansion projects and future opportunities.
Williams' commitment to aligning dividend growth with AFFO, addressing natural gas demand, and complementing renewables highlights its strategic vision.

Williams (WMB) reports record Q3 earnings, eyes strategic expansions

Williams Companies (WMB) delivered a strong performance in Q3 2024, marked by record adjusted EBITDA and a raised guidance midpoint for the year. Despite challenges such as noncash depreciation impacting EPS and AFFO growth, the company remains optimistic about its visible 5-year EBITDA CAGR and growth prospects. With a focus on strategic acquisitions, project expansions, and diversification efforts, Williams is well-positioned to navigate market dynamics and capitalize on emerging opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Kenvue

Southern Company

STAG Industrial

Rising interest rates have weighed on the share prices of dividend stocks, pushing up their yields. Kenvue, Southern Company, Stag Industrial, and Williams all generate lots of cash to pay dividends and invest in growth.

4 Dividend Stocks Yielding 4% or More to Buy Without Hesitation

After a seven-year legal battle, Williams (WMB) emerges victorious in the high-stake dispute with Energy Transfer over a failed merger, securing a $495-million court victory.

Williams (WMB) Prevails in $495M Dispute With Energy Transfer

Kinder Morgan

Multiple natural gas export terminals are set to begin operations, increasing LNG exports from 14 BCF/d to over 26.5 BCF/day by 2030. Projects such as Golden Pass, Plaquemines, and Corpus Christi will come online in the next few years, adding 5 BCF/d of capacity. Investors can benefit from investing in producers, midstream companies, export terminals, and maritime transportation companies in the natural gas value chain.

The Dividend Investor's Natural Gas Export Playbook - Part 2

Investors with an interest in Oil and Gas - Production and Pipelines stocks have likely encountered both Kinder Morgan (KMI) and Williams Companies, Inc. (The) (WMB). But which of these two stocks offers value investors a better bang for their buck right now?

KMI or WMB: Which Is the Better Value Stock Right Now?

MPLX

Amid heightened volatility, it would be wise for investors to keep an eye on midstream stocks like Kinder Morgan (KMI), The Williams Companies (WMB) and MPLX.

Energy Market Volatility Bothers You? Watch These 3 Stocks

Comstock Resources

Chevron

Devon Energy

Pembina Pipeline

Suncor Energy

Energy stocks are getting stronger as oil prices gush higher. Granted, 2023 didn't begin as strongly for the sector with prices cooling.

7 High-Yield Energy Stocks to Buy as Oil Prices Rise

Summary Several structural factors support growing natural gas demand, including its affordability, reliability, and emissions that are about half that of coal.  Williams' Transco natural gas pipeline system offers unique advantages and ongoing growth opportunities with attractive returns.

Williams (WMB) and the Golden Age for Natural Gas

Antero Midstream Partners

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Delek Logistics Partners

Enbridge

Equitrans Midstream

Genesis Energy

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Martin Midstream Partners

ONEOK

Plains All American Pipeline

Plains GP Hlds

Tellurian

Targa Resources

TC Energy

Western Gas Partners

Energy was the best-performing S&P 500 sector, notably outperforming technology shares. The fundamental setup for oil and oil-related equities remains bullish. Energy stocks are likely to continue to outperform as higher oil prices raise concerns about inflation and higher interest rates.

Energy Income Weekly: The Energy Sector Starts To Outperform

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields - ONEOK (NYSE:OKE), Equitrans Midstream (NYSE:ETRN)

The Williams Companies, Inc. (NYSE:WMB ) Barclays CEO Energy-Power Conference September 6, 2023 9:45 AM ET Company Participants Alan Armstrong - President and Chief Executive Officer Conference Call Participants Theresa Chen - Barclays Theresa Chen Testing, okay. Good morning, everyone.

The Williams Companies, Inc. (WMB) Barclays CEO Energy-Power Conference (Transcript)

The Williams Companies, Inc. is a reliable midstream player in the energy sector, offering stable income opportunities. The company benefits from the increasing need for energy infrastructure and the transition towards cleaner energy sources. Despite a 12% rally, the stock still has upside potential and remains a promising investment option for income-oriented investors.

Buying Income: What To Make Of Williams Companies' 5% Dividend

Williams Companies' Chief Executive Officer Alan Armstrong said on Wednesday the firm is not interested in three utilities recently bought by Canada's pipeline operator Enbridge , as return rate would be too low.

Williams not interested in utility companies bought by Enbridge -CEO

Williams Companies, Inc. (The) (WMB) reported earnings 30 days ago. What's next for the stock?

Williams Companies, Inc. (The) (WMB) Up 0.3% Since Last Earnings Report: Can It Continue?

Williams Companies' guidance looks very conservative given its 1H results and typical seasonality. WMB has attractive growth projects and trades at a valuation in line with other midstream operators. I expect the stock to continue to perform well.

The Williams Companies: H2 Guidance Looks Conservative Given H1 Report And Seasonality

Agree Realty

Ares Capital

Ares Management

VanEck Vectors BDC Income ETF

Capital Southwest

Enterprise Products Partners

Main Street Capital

National Retail Properties

Realty Income Corp

Blue Owl Capital Corp

SPDR S&P 500 ETF Trust

Spirit Realty Capital

There are great deals to be had among dividend stocks despite the tech-fueled market runup. All four picks in this article pay big, well-covered dividend yields to help investors make money while they sleep. They carry diversified and/or essential business models and are undervalued, resulting in potential for strong total returns in addition to income.

4 Hefty Dividends With Up To 10% Yield

Duke Energy

An expansion of the company's methane monitoring platform was selected to receive $1 million in funding Collaboration with Williams demonstrates shared dedication to the delivery of clean and reliable energy to customers Video: Learn more about Duke Energy's methane emissions-monitoring platform and how the company is reducing methane emissions as part of its clean energy transformation CHARLOTTE, N.C. , Aug. 24, 2023 /PRNewswire/ -- Duke Energy's Integrated Methane Monitoring Platform Extension project was selected by the U.S. Department of Energy's Office of Fossil Energy and Carbon Management for nearly $1 million of funding.

Duke Energy extends industry-leading methane monitoring to interstate natural gas assets with U.S. Department of Energy funding

Williams (WMB) expects adjusted EBITDA in the $6.4-$6.8 billion range and growth capital spending in the band of $1.6-$1.9 billion for 2023.

Williams (WMB) Q2 Earnings Beat Estimates, Revenues Miss

Coterra Energy

APA Corporation

Antero Resources

Chesapeake Energy

Range Resources

Southwestern Energy

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

10 Best Natural Gas Stocks to Buy Now

Alerian MLP ETF

Occidental Petroleum

Pipelines fit Warren Buffett's investing philosophy quite well. As a result, it should not be surprising that he is pouring billions of dollars into the sector. We share our top pipeline picks.

Warren Buffett 'Likes Pipelines' - Our Top Picks

The Williams Companies, a $42 billion market cap gas midstream company, offers a dividend yield of 5.2%. The company gathers, processes, stores, transports, and markets natural gas. Its largest source of EBITDA is its Transco interstate gas line. The completion of the Mountain Valley Pipeline, numerous projects, LNG expansion, and use of gas to generate electricity provide a solid foundation for more growth.

The Williams Companies' Multi-Pronged Growth Prospects

The Williams Companies, Inc. (NYSE:WMB ) Q2 2023 Earnings Conference Call August 3, 2023 9:30 AM ET Company Participants Danilo Juvane – Vice President of Investor Relations, ESG, and Investment Analysis Alan Armstrong – President and Chief Executive Officer John Porter – Chief Financial Officer Michael Dunn – Chief Operating Officer Conference Call Participants Spiro Dounis – Citi Jeremy Tonet – JP Morgan Jean Ann Salisbury – Bernstein Brian Reynolds – UBS Praneeth Satish – Wells Fargo Colton Bean – TPH and Company Neel Mitra – Bank of America Tristan Richardson – Scotiabank Gabriel Moreen – Mizuho Jake Nivasch – Truist Robert Catellier – CIBC Capital Markets Operator Good day, everyone, and welcome to The Williams Second Quarter 2023 Earnings Conference Call. Just a reminder, today's call is being recorded.

The Williams Companies, Inc. (WMB) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Williams Companies, Inc. (The) (WMB) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Williams Companies, Inc. (The) (WMB) Reports Q2 Earnings: What Key Metrics Have to Say

Williams Companies, Inc. (The) (WMB) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.40 per share a year ago.

Williams Companies, Inc. (The) (WMB) Q2 Earnings Surpass Estimates

Alexandria Real Estate Equities

Brookfield Renewable Partners

Mid-America Apartment Communities

Fitch Ratings downgraded the US Federal Government from AAA to AA+, causing the stock market to roil. Real estate investment trusts (REITs) have fared better than tech stocks in the day after the downgrade announcement, as REITs were already relatively cheap. While the downgrade itself is virtually meaningless, it does spur us to look at the US Government's finances.

Government Finances Are A Mess: Focus On Quality

News for Williams Stock (WMB)