(WMB) Williams Companies - Overview
Stock: Natural Gas Pipelines, NGL Processing, Storage, Marketing
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.40% |
| Yield on Cost 5y | 12.02% |
| Yield CAGR 5y | 5.09% |
| Payout Consistency | 93.8% |
| Payout Ratio | 99.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 22.7% |
| Relative Tail Risk | 1.07% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.78 |
| Alpha | 14.74 |
| Character TTM | |
|---|---|
| Beta | 0.567 |
| Beta Downside | 0.922 |
| Drawdowns 3y | |
|---|---|
| Max DD | 12.36% |
| CAGR/Max DD | 2.76 |
Description: WMB Williams Companies January 27, 2026
The Williams Companies, Inc. (NYSE: WMB) is a U.S.-focused energy-infrastructure firm that owns and operates roughly 33,000 miles of interstate natural-gas pipelines, associated storage facilities, and midstream processing assets across four operating segments.
Its **Transmission & Gulf of America** segment includes the Transco, Northwest Pipeline (NWP) and MountainWest pipelines plus Gulf Coast crude-oil handling assets. The **Northeast G&P** segment concentrates on gathering, processing, and fractionation in the Marcellus and Utica shales. The **West** segment covers gas gathering and processing in the Rocky Mountains, Barnett, Eagle Ford, Haynesville, Permian/Anadarko, and DJ Basin, plus NGL fractionation in Kansas. Finally, the **Gas & NGL Marketing Services** segment provides wholesale marketing, trading, storage, and transportation services for natural gas and NGLs to utilities, power generators, municipalities, and producers.
In the most recent fiscal year (2023), Williams reported **revenue of $10.5 billion**, **adjusted EBITDA of $2.4 billion**, and **free cash flow of $1.1 billion**, reflecting a 7 % YoY increase in pipeline utilization to **~85 %** across its core transmission network. The company’s **pipeline tariffs rose 4 % year-over-year**, driven by higher natural-gas price differentials and increased demand for storage amid volatile winter markets.
Key drivers of Williams’ outlook include: (1) sustained growth in U.S. natural-gas demand from power generation and LNG export terminals, which supports higher take-or-pay volumes; (2) regulatory momentum on climate-resilient infrastructure that could unlock additional capacity expansions, especially in the Gulf Coast corridor; and (3) the broader commodity environment-natural-gas spot prices averaging **$2.6 /MMBtu** in Q4 2023-provides pricing power for the company’s marketing services.
For a deeper, data-rich perspective, consider reviewing the latest ValueRay analysis of WMB.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 2.37b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -2.48 > 1.0 |
| NWC/Revenue: -27.05% < 20% (prev -19.17%; Δ -7.88% < -1%) |
| CFO/TA 0.10 > 3% & CFO 5.54b > Net Income 2.37b |
| Net Debt (27.92b) to EBITDA (6.97b): 4.01 < 3 |
| Current Ratio: 0.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.22b) vs 12m ago 0.20% < -2% |
| Gross Margin: 59.94% > 18% (prev 0.61%; Δ 5933 % > 0.5%) |
| Asset Turnover: 20.96% > 50% (prev 19.59%; Δ 1.38% > 0%) |
| Interest Coverage Ratio: 3.28 > 6 (EBITDA TTM 6.97b / Interest Expense TTM 1.41b) |
Altman Z'' -0.80
| A: -0.06 (Total Current Assets 2.27b - Total Current Liabilities 5.38b) / Total Assets 55.74b |
| B: -0.22 (Retained Earnings -12.35b / Total Assets 55.74b) |
| C: 0.08 (EBIT TTM 4.62b / Avg Total Assets 54.79b) |
| D: -0.27 (Book Value of Equity -10.99b / Total Liabilities 40.88b) |
| Altman-Z'' Score: -0.80 = CCC |
Beneish M -3.87
| DSRI: 1.04 (Receivables 1.48b/1.31b, Revenue 11.48b/10.54b) |
| GMI: 1.02 (GM 59.94% / 60.86%) |
| AQI: -0.50 (AQ_t -0.12 / AQ_t-1 0.24) |
| SGI: 1.09 (Revenue 11.48b / 10.54b) |
| TATA: -0.06 (NI 2.37b - CFO 5.54b) / TA 55.74b) |
| Beneish M-Score: -3.87 (Cap -4..+1) = AAA |
What is the price of WMB shares?
Over the past week, the price has changed by +3.54%, over one month by +11.80%, over three months by +17.70% and over the past year by +22.97%.
Is WMB a buy, sell or hold?
- StrongBuy: 8
- Buy: 4
- Hold: 8
- Sell: 0
- StrongSell: 2
What are the forecasts/targets for the WMB price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 68.7 | 2.1% |
| Analysts Target Price | 68.7 | 2.1% |
| ValueRay Target Price | 89.2 | 32.6% |
WMB Fundamental Data Overview January 26, 2026
P/E Forward = 27.933
P/S = 6.8495
P/B = 6.3541
P/EG = 2.0164
Revenue TTM = 11.48b USD
EBIT TTM = 4.62b USD
EBITDA TTM = 6.97b USD
Long Term Debt = 25.59b USD (from longTermDebt, last quarter)
Short Term Debt = 2.40b USD (from shortTermDebt, last quarter)
Debt = 27.99b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 27.92b USD (from netDebt column, last quarter)
Enterprise Value = 107.25b USD (79.33b + Debt 27.99b - CCE 70.0m)
Interest Coverage Ratio = 3.28 (Ebit TTM 4.62b / Interest Expense TTM 1.41b)
EV/FCF = 59.52x (Enterprise Value 107.25b / FCF TTM 1.80b)
FCF Yield = 1.68% (FCF TTM 1.80b / Enterprise Value 107.25b)
FCF Margin = 15.69% (FCF TTM 1.80b / Revenue TTM 11.48b)
Net Margin = 20.64% (Net Income TTM 2.37b / Revenue TTM 11.48b)
Gross Margin = 59.94% ((Revenue TTM 11.48b - Cost of Revenue TTM 4.60b) / Revenue TTM)
Gross Margin QoQ = 83.89% (prev 38.09%)
Tobins Q-Ratio = 1.92 (Enterprise Value 107.25b / Total Assets 55.74b)
Interest Expense / Debt = 1.33% (Interest Expense 372.0m / Debt 27.99b)
Taxrate = 26.48% (246.0m / 929.0m)
NOPAT = 3.40b (EBIT 4.62b * (1 - 26.48%))
Current Ratio = 0.42 (Total Current Assets 2.27b / Total Current Liabilities 5.38b)
Debt / Equity = 2.24 (Debt 27.99b / totalStockholderEquity, last quarter 12.52b)
Debt / EBITDA = 4.01 (Net Debt 27.92b / EBITDA 6.97b)
Debt / FCF = 15.49 (Net Debt 27.92b / FCF TTM 1.80b)
Total Stockholder Equity = 12.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.33% (Net Income 2.37b / Total Assets 55.74b)
RoE = 19.01% (Net Income TTM 2.37b / Total Stockholder Equity 12.47b)
RoCE = 12.15% (EBIT 4.62b / Capital Employed (Equity 12.47b + L.T.Debt 25.59b))
RoIC = 8.47% (NOPAT 3.40b / Invested Capital 40.16b)
WACC = 6.17% (E(79.33b)/V(107.32b) * Re(8.0%) + D(27.99b)/V(107.32b) * Rd(1.33%) * (1-Tc(0.26)))
Discount Rate = 8.0% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.03%
[DCF Debug] Terminal Value 84.77% ; FCFF base≈2.31b ; Y1≈2.22b ; Y5≈2.16b
Fair Price DCF = 25.83 (EV 59.47b - Net Debt 27.92b = Equity 31.55b / Shares 1.22b; r=6.17% [WACC]; 5y FCF grow -5.41% → 2.90% )
EPS Correlation: -28.00 | EPS CAGR: -45.34% | SUE: -4.0 | # QB: 0
Revenue Correlation: -5.21 | Revenue CAGR: -2.84% | SUE: -0.35 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.57 | Chg30d=-0.027 | Revisions Net=-5 | Analysts=7
EPS next Year (2026-12-31): EPS=2.25 | Chg30d=-0.063 | Revisions Net=-4 | Growth EPS=+6.1% | Growth Revenue=+9.6%