WMB Stock Analysis: Williams Companies | NYSE

Interstate Pipelines, Storage Facilities, Crude Transportation, NGL Marketing

Total Rating 37

Safety 45

Buy Signal -0.81

Oil & Gas Midstream
Industry Rotation: +2.2

Market Cap: 86.3B
Avg Turnover: 490M

Risk 3d forecast

Volatility25.3%

VaR 5^th Pctl4.54%

VaR vs Median9.04%

Reward TTM

Sharpe Ratio0.61

Rel. Str. IBD58.1

Rel. Str. Peer Group25

Character TTM

Beta0.320

Beta Downside0.432

Hurst Exponent0.495

Drawdowns 3y

Max DD13.14%

CAGR/Max DD2.50

CAGR/Mean DD7.78

EPS (Earnings per Share)

EPS CAGR: 5.28%
EPS Trend: 78.4%

Last SUE: -0.43
Qual. Beats: 0

Revenue

Rev. CAGR: 4.88%
Rev. Trend: 78.1%

Last SUE: 1.83
Qual. Beats: 1

Warnings

High Debt While Negative Cash Flow

Altman Z'' In Financial Distress Zone

Choppy

Below Avwap Earnings

Tailwinds

No distinct edge detected

Seasonality 11.7 years of data

Jan -1.0% 7

Feb -1.7% 2

Mar +0.2% 27

Apr -0.8% 8

May +1.9% 5

Jun +1.2% 31

Jul +0.7% 5

Aug -1.5% 18

Sep -0.8% 14

Oct -3.9% 9

Nov +1.9% 40

Dec -3.9% 43

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: WMB Williams Companies

The Williams Companies, Inc. (NYSE: WMB) is a U.S.-based energy infrastructure company headquartered in Tulsa, Oklahoma, and founded in 1908. It operates through four main segments: Transmission, Power & Gulf (interstate natural gas pipelines, storage, and Gulf Coast crude oil assets); Northeast G&P (midstream gathering, processing, and fractionation in the Marcellus and Utica Shale regions); West (gathering, processing, and treating operations across multiple U.S. shale plays and basins, plus NGL fractionation and storage in Kansas); and Gas & NGL Marketing Services (wholesale marketing, trading, storage, and transportation of natural gas and NGLs). The company owns and operates approximately 32,000 miles of pipelines.

Williams is classified as a Large Cap stock in the GICS Energy sector, specifically within the Oil & Gas Storage & Transportation sub-industry, reflecting its core focus on midstream energy infrastructure. The companys business model centers on fee-based services such as pipeline transportation, natural gas processing, and NGL fractionation, which generally provide stable, contract-driven cash flows tied to the movement and handling of energy commodities rather than commodity price exposure. Its geographic concentration in major U.S. shale production regions positions it as a key midstream operator supporting domestic natural gas and NGL supply chains.

Headlines to Watch Out For

Transco pipeline volumes rise on LNG export demand growth
Northeast G&P margins expand with Marcellus production growth
NGL marketing revenue volatile with natural gas price swings

Piotroski VR-10 (Strict) 4.5

Net Income: 3.07b TTM > 0 and > 6% of Revenue
FCF/TA: -0.00 > 0.02 and ΔFCF/TA -3.57 > 1.0
NWC/Revenue: -28.05% < 20% (prev -24.89%; Δ -3.16% < -1%)
CFO/TA 0.10 > 3% & CFO 5.99b > Net Income 3.07b
Net Debt (30.6b) to EBITDA (7.45b): 4.11 < 3
Current Ratio: 0.48 > 1.5 & < 3
Outstanding Shares: last quarter (1.22b) vs 12m ago 0.19% < -2%
Gross Margin: 73.59% > 18% (prev 53.45%; Δ 20.14% > 0.5%)
Asset Turnover: 20.91% > 50% (prev 19.97%; Δ 0.93% > 0%)
Interest Coverage Ratio: 3.59 > 6 (EBIT TTM 5.35b / Interest Expense TTM 1.49b)

Altman Z'' -0.08

A: -0.06 (Total Current Assets 3.12b - Total Current Liabilities 6.55b) / Total Assets 60.6b
B: -0.20 (Retained Earnings -11.8b / Total Assets 60.6b)
C: 0.09 (EBIT TTM 5.35b / Avg Total Assets 58.4b)
D: 0.29 (Book Value of Equity 13.2b / Total Liabilities 45.2b)
Altman-Z'' = -0.08 = B

Beneish M -4.00

DSRI: 1.16 (Receivables 1.97b/1.56b, Revenue 12.2b/11.2b)
GMI: 0.73 (GM 53.45% / 73.59%)
AQI: -0.55 (AQ_t -0.13 / AQ_t-1 0.23)
SGI: 1.09 (Revenue 12.2b / 11.2b)
TATA: -0.05 (NI 3.07b - CFO 5.99b) / TA 60.6b)
Beneish M = -4.01 (Cap -4..+1) = AAA

What is the price of WMB shares?

As of October 09, 2026, the stock is trading at USD 72.34 with a total of 9,576,116 shares traded. Over the past week, the price has changed by +4.51%, over one month by -3.91%, over three months by -3.19% and over the past year by +17.39%.

Current recommended Stop Loss: 68.20 (which is 5.7% or 2.2 ATR below the current price).

Is WMB a buy, sell or hold?

Williams Companies has received a consensus analysts rating of 4.60. Therefore, it is recommended to buy WMB.

StrongBuy: 17
Buy: 6
Hold: 2
Sell: 0
StrongSell: 0

What are the forecasts/targets for the WMB price?

Analysts Target Price	85.5	18.1%

Williams Companies (WMB) - Fundamental Data Overview as of 05 October 2026

Market Cap USD = 86.3b (86.3b USD * 1.0 USD.USD)
P/E Trailing = 28.1036
P/E Forward = 26.8097
P/S = 7.0017
P/B = 6.7737
P/EG = 2.0746
Revenue TTM = 12.2b USD
EBIT TTM = 5.35b USD
EBITDA TTM = 7.45b USD
Long Term Debt = 28.1b USD (from longTermDebt, last quarter)
Short Term Debt = 2.67b USD (from shortTermDebt, last quarter)
Debt = 30.8b USD (from shortLongTermDebtTotal, last quarter) + Leases 32.0m
Net Debt = 30.6b USD (calculated: Debt 30.8b - CCE 203.0m)
Enterprise Value = 117b USD (86.3b + Debt 30.8b - CCE 203.0m)
Interest Coverage Ratio = 3.59 (Ebit TTM 5.35b / Interest Expense TTM 1.49b)
EV/FCF = -546.3x (Enterprise Value 117b / FCF TTM -214.0m)
FCF Yield = -0.18% (FCF TTM -214.0m / Enterprise Value 117b)
FCF Margin = -1.75% (FCF TTM -214.0m / Revenue TTM 12.2b)
Net Margin = 25.18% (Net Income TTM 3.07b / Revenue TTM 12.2b)
Gross Margin = 73.59% ((Revenue TTM 12.2b - Cost of Revenue TTM 3.22b) / Revenue TTM)
Gross Margin QoQ = 83.33% (prev 82.08%)
Tobins Q-Ratio = 1.93 (Enterprise Value 117b / Total Assets 60.6b)
Interest Expense / Debt = 4.83% (Interest Expense 1.49b / Debt 30.8b)
Taxrate = 23.45% (994.0m / 4.24b)
NOPAT = 4.10b (EBIT 5.35b * (1 - 23.45%))
Current Ratio = 0.48 (Total Current Assets 3.12b / Total Current Liabilities 6.55b)
Debt / Equity = 2.34 (Debt 30.8b / totalStockholderEquity, last quarter 13.2b)
Debt / EBITDA = 4.11 (Net Debt 30.6b / EBITDA 7.45b)
Debt / FCF = -143.1 (out of range, set to none) (Net Debt 30.6b / FCF TTM -214.0m)
Total Stockholder Equity = 12.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.26% (Net Income 3.07b / Total Assets 60.6b)
RoE = 23.86% (Net Income TTM 3.07b / Total Stockholder Equity 12.9b)
RoCE = 13.05% (EBIT 5.35b / Capital Employed (Equity 12.9b + L.T.Debt 28.1b))
RoIC = 7.25% (NOPAT 4.10b / Invested Capital 56.5b)
WACC = 6.23% (E(86.3b)/V(117b) * Re(7.13%) + D(30.8b)/V(117b) * Rd(4.83%) * (1-Tc(0.23)))
Discount Rate = 7.13% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 34.51 | Cagr: 0.06%
[DCF] Fair Price = unknown (Cash Flow -214.0m)
EPS Correlation: 78.36 | EPS CAGR: 5.28% | SUE: -0.43 | # QB: 0
Revenue Correlation: 78.07 | Revenue CAGR: 4.88% | SUE: 1.83 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.53 | Chg30d=+2.52% | Revisions=-38% | Analysts=10
EPS current Year (2026-12-31): EPS=2.43 | Chg30d=-1.28% | Revisions=-10% | GrowthEPS=+15.7% | GrowthRev=+2.3%
EPS next Year (2027-12-31): EPS=2.65 | Chg30d=+0.94% | Revisions=+18% | GrowthEPS=+8.9% | GrowthRev=+13.3%
[Analyst] Revisions Ratio: -9% (up=9, down=11)