The Williams Companies, Inc. (WMB) Stock Price & Analysis
The Williams Companies, Inc. (WMB) closed at USD 70.63 on Thursday, October 22, 2026, down 2.98% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 72.8; the Oct 22, 2026 session ranged USD 68.97–73 on volume of 8,901,413 shares. Market capitalization is $86.39B, with a 52-week range of USD 56.19–80.08 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:25 UTC.
Also available as compact Markdown for AI agents: nexqual.com/WMB.md
Key facts (WMB)
- Last four reported quarters (through Jun 30, 2026): revenue $15.4B, net income $3.07B (19.9% margin), free cash flow -$108M (SEC filings).
- Valuation: P/E 28.1x (avg 23.7x at the last 3 fiscal year-ends), EV/EBITDA 16.4x, net debt $28.4B.
- 3 of 80 tracked superinvestors hold WMB (13F, Q2 2026): 0 new, 0 added, 3 reduced, 0 unchanged.
- Analysts: Buy (mean 1.84 on a 1–5 scale) (25 analysts), mean target USD 85.25 (range 69–103).
- Total return with dividends: 1Y +23.5% vs S&P 500 +14.9%; 5Y +207.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 0.54, revenue estimate $2.93B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (WMB)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $12.8B | $17.8B | $12.0B | $12.6B | $14.9B | $15.4B |
| Operating income | $2.63B | $3.02B | $4.31B | $3.34B | $4.20B | $4.66B |
| Net income | $1.52B | $2.05B | $3.18B | $2.23B | $2.62B | $3.07B |
| EPS (diluted) | $1.24 | $1.67 | $2.60 | $1.82 | $2.14 | — |
| Free cash flow | $2.71B | $2.64B | $3.42B | $2.40B | $1.00B | -$108M |
| Operating margin | 20.6% | 17.0% | 35.9% | 26.4% | 28.2% | 30.2% |
| Net margin | 11.9% | 11.5% | 26.5% | 17.6% | 17.6% | 19.9% |
| Revenue growth | +65.6% | +39.0% | -32.5% | +5.3% | +17.9% | — |
| Cash + short-term investments | $1.68B | $152M | $2.15B | $60.0M | $63.0M | — |
| Total debt | $21.6B | $22.3B | $25.7B | $26.5B | $28.7B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (WMB)
P/E 28.1x · P/S 5.6x · EV/EBITDA 16.4x · EV/Sales 7.4x · P/B 6.5x · FCF yield -0.13% · Earnings yield 3.56% · Dividend yield (paid, TTM) 2.90% · Net debt $28.4B · EV $115B
P/E at fiscal year-ends: Dec 2025 28.1x, Dec 2024 29.7x, Dec 2023 13.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (WMB)
3 of 80 tracked investors hold WMB. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| AKO Capital | 2.57% | $110M | Reduced -16.3% | |
| Dodge & Cox Funds | Dodge & Cox | 0.04% | $70.2M | Reduced -2.3% |
| First Eagle Investment | First Eagle Investment Management | <0.01% | $315K | Reduced -2.4% |
Analysts (WMB)
Consensus Buy (mean 1.84 on a 1–5 scale), 25 analysts; mean target USD 85.25 (low 69, high 103).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | CIBC | Target lowered | Outperformer | $85 → $82 |
| 2026-10-14 | Jefferies | Target lowered | Buy | $85 → $83 |
| 2026-09-10 | Scotiabank | Target lowered | Sector Outperform | $86 → $85 |
| 2026-08-18 | Morgan Stanley | Target raised | Overweight | $99 → $103 |
| 2026-08-12 | Truist Securities | Target raised | Buy | $84 → $88 |
| 2026-08-10 | RBC Capital | Target raised | Outperform | $83 → $87 |
| 2026-08-05 | Wells Fargo | Target raised | Overweight | $89 → $90 |
| 2026-07-14 | Morgan Stanley | Target raised | Overweight | $98 → $99 |
| 2026-07-08 | Barclays | Target raised | Equal-Weight | $73 → $75 |
| 2026-07-01 | JP Morgan | Target raised | Overweight | $88 → $89 |
| 2026-07-01 | Jefferies | Target lowered | Buy | $87 → $85 |
Total return (dividends reinvested) (WMB)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +23.5% | +207.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +23.6% | +25.1% |
| Volatility (annualized) | 24.9% | 24.6% |
| Max drawdown | -13.1% (May 2026→Sep 2026) | -21.8% (May 2022→Sep 2022) |
Companies that name WMB in their SEC reports
| Relationship to WMB | Company | Filing | Sentence |
|---|---|---|---|
| partner | EQT Corp (EQT) | 10-K Feb 18, 2026 | “(b)Laurel Mountain Midstream, LLC (LMM) is a midstream company formed as a joint venture among the Company, Williams Companies Inc. and certain other energy companies for the purpose of owning and operating gathering and processing assets.” |
WMB analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.54 | $0.55 | -1.3% | $2.93B | 11 |
| Next quarter (ends Dec 2026) | $0.62 | $0.62 | -0.5% | $3.32B | 11 |
| Current fiscal year (ends Dec 2026) | $2.43 | $2.42 | +0.2% | $12.30B | 14 |
| Next fiscal year (ends Dec 2027) | $2.64 | $2.57 | +2.7% | $14.11B | 14 |
Key Statistics (as of October 23, 2026 at 09:25 UTC)
| Price | USD 70.63 |
|---|---|
| Change | ▼ 2.98% (down) |
| Previous Close | USD 72.8 |
| Open | USD 72.61 |
| Day Range | USD 68.97 – 73 |
| 52-Week Range | USD 56.19 – 80.08 |
| Volume | 8,901,413 shares |
| Market Cap | $86.39B |
| Exchange | NYQ |
Technical Analysis (WMB)
Nexqual's technical model rates WMB "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:25 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 45.88 (neutral) |
| vs SMA50 | Below (USD 72.2) |
| MACD | -0.14 (negative) |
Analyst Ratings (WMB)
Wall Street analysts rate WMB "Buy" based on 25 analysts, with a mean price target of USD 85.25 (range USD 69–103), per Nexqual as of October 23, 2026 at 09:25 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 25 |
| Mean Target | USD 85.25 |
| High Target | USD 103 |
| Low Target | USD 69 |
| Buy / Hold / Sell | 23 / 2 / 0 |
Earnings (WMB)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD 0.54 |
| Revenue Estimate | $2.93B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.5 vs est 0.5 ▲ beat |
| 2026-03-31 | USD 0.73 vs est 0.63 ▲ beat |
| 2025-12-31 | USD 0.55 vs est 0.57 ▼ miss |
| 2025-09-30 | USD 0.49 vs est 0.52 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Financials & Fundamentals (WMB)
| Total Revenue | $12.32B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +7.80% |
| Gross Margin | +63.64% |
| Operating Margin | +39.54% |
| Profit Margin | +24.94% |
| ROE | +21.50% |
| Debt / Equity | 2 |
| Current Ratio | 0.48 |
| Total Cash | $203.00M |
| Total Debt | $30.79B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$108.00M (-0.7% of revenue) |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Financial Health Score (WMB)
Nexqual rates The Williams Companies, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:25 UTC.
| Growth | Solid — Revenue +14% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 64%, operating 40% (last 12 months) |
| Balance Sheet | Critical — $203M cash and investments vs $28.6B debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$108M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Strong — ROE 22%, ROA 5.0% |
Ownership (WMB)
| Insider Ownership | +0.45% |
|---|---|
| Institutional Ownership | +91.65% |
| Shares Outstanding | 1.22B |
| Float | 1.22B |
| Short % of Float | +2.51% |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Leadership (WMB)
The Williams Companies, Inc. is led by Chad J. Zamarin, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:25 UTC.
| CEO, President & Director | Chad J. Zamarin |
|---|---|
| Executive VP & CFO | John D. Porter |
| Executive VP & COO | Larry C. Larsen |
| Executive Vice President of Corporate Strategic Development | Robert R. Wingo |
| Director of Investor Relations | Caroline Sardella |
Major Backers & Investors (WMB)
Notable institutional backers of The Williams Companies, Inc. include Bank of America Corporation, Wellington Management, Morgan Stanley, according to Nexqual as of October 23, 2026 at 09:25 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Bank of America Corporation | 3.65% |
| Wellington Management | 2.71% |
| Morgan Stanley | 2.6% |
| SELECT SECTOR SPDR TRUST-State Street Energy Select Sector SPDR ETF | 2.02% |
| ClearBridge Investments, LLC | 1.98% |
| JPMorgan | 1.75% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 10.09% |
| BlackRock | 9.44% |
| State Street | 5.89% |
| Geode Capital | 2.45% |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| EPD | Enterprise Products Partners L. | USD 36.52 | ▼ 0.19% |
| KMI | Kinder Morgan, Inc. | USD 33.72 | ▼ 0.74% |
| ENB | Enbridge Inc | USD 48.01 | ▲ 0% |
| TRP | TC Energy Corporation | USD 61.98 | ▼ 0.53% |
| TRGP | Targa Resources, Inc. | USD 289.54 | ▼ 2.05% |
| MPLX | MPLX LP | USD 58.18 | ▼ 0.44% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:25 UTC. This page is informational and not investment advice.
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