The Williams Companies, Inc. (WMB) is a Utilities stock trading at $71.69 (as of 2026-08-20), with a market capitalization of $87.68B and a trailing P/E of 28.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines. The Northeast G&P segment engages in the midstream gathering, processing, and fractionation activities in the Marcellus Shale region primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment comprises 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; and operates natural gas liquid (NGL) fractionation and storage facilities in central Kansas near Conway. The Gas & NGL Marketing Services segment provides wholesale marketing, trading, storage, and transportation of natural gas for natural gas utilities, municipalities, power generators, and producers; risk and asset management; and NGL marketing services. The company owns and operates 30,000 miles of pipelines, 29 processing facilities, 7 fractionation facilities, and approximately 23 million barrels of NGL storage capacity. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.
The Williams Companies operates U.S. energy infrastructure, including natural gas transmission, Gulf of Mexico pipeline and gathering and processing, and gas and NGL marketing services. It makes money mainly through service revenues, with additional revenue from product sales.
The profit model is driven primarily by service revenues tied to operating energy infrastructure, with the Transmission & Gulf of Mexico business contributing the largest segment result (1.7B).
Business quality (Strong): Segment revenue breakdown by the four official reportable segments is not provided in the supplied facts, so the summary relies on overall service revenues and the Transmission & Gulf of Mexico segment result.
Valuation: At 31× earnings, WMB trades 42% above the Utilities average (22×). Note: one-time items can distort reported P/E.
| Price | $71.69 |
| Market Cap | $87.68B |
| P/E Ratio | 28.5 |
| EV / EBITDA | 12.5 |
| Price / Book | 5.71 |
| Price / Sales | 7.18 |
| FCF Yield | -0.1% |
| DCF Value (model) | $86.75 |
| DCF Upside vs Price | 21.0% |
| Revenue (TTM) | $11.95B |
| Net Margin | 21.9% |
| Revenue Growth (YoY) | 9.8% |
| EPS Growth (YoY) | 51.1% |
| FCF Growth (YoY) | -195.8% |
| Altman Z-Score | 1.30 (distress) |
| Stock P/E | 28.5 |
| Sector P/E (Utilities) | 21.3 |
| Industry P/E (Utilities) | 20.6 |
| vs Sector | 33.7% |
| vs Industry | 38.3% |
| Top Institutional Holder | BlackRock, Inc. ($8.18B) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 10 |
| Sector | Utilities |
| Industry | Utilities |
| CEO | Chad J. Zamarin |
| Employees | 5,829 |
| Country | US |
| IPO Date | 1981-12-31 |
Data as of 2026-08-20.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.