WMB
Williams Companies, Inc.
OpenVolumeMkt capP/EEPSDiv yield
Day – 52-wk –
Expected move
InputsNext report
Last report
Largest filed tie
13F top-10 QoQ
Top fund weight
Largest filed tie
55.00%
of WMB revenue · Undisclosed top ten gathering and processing customers
Williams Companies has 7 disclosed suppliers and 12 disclosed customers in SEC filings.
SentenceThe top ten customers accounted for approximately 55 percent of gathering and processing fee revenues and NGL margins from noncash commodity-based agreements.
basisWMB FY2025 revenue $11.9B
WMB 10-Kaccession 0000107263-26-000006
SentenceThe top ten customers of the interstate natural gas pipelines in 2025 accounted for approximately 44 percent of Williams' regulated interstate natural gas transportation and storage revenues.
basisWMB FY2025 revenue $11.9B
WMB 10-Kaccession 0000107263-26-000006
SentenceTransco's three largest customers in 2025 accounted for approximately 22 percent of Transco's total operating revenues.
basisWMB FY2025 revenue $11.9B
WMB 10-Kaccession 0000107263-26-000006
SentenceFor the year ended December 31, 2025, three purchasers each accounted for 10 % or more of our total revenue: ARM Energy ( 55 %) and Ares Energy ( 20 %) from the upstream segment and Williams ( 17 %) from the gas gathering segment.
basisEPSN FY2025 revenue $52MWMB FY2025 revenue $11.9B
SentenceOur customers include many of the leading energy and utility companies in the United States, such as; Xcel Energy, Pacific Gas & Electric, Southern California Gas, Oncor Electric, Duke Energy, Sempra Energy, Williams, Hecate Energy, Consumers Energy, Dominion, Valero, D.E. Shaw Renewable Investments, Entergy, Florida Power and Light, Intersect Power, Avantus, ExxonMobil, and Enterprise Pipeline as well as the Texas Department of Transportation and the Louisiana Department of Transportation and Development.
SentenceThe project expands existing Gulf of America offshore infrastructure connecting to a third-party offshore lateral pipeline from the Shenandoah platform to Discovery's existing Keathley Canyon Connector pipeline, adds onshore processing facilities at Larose, Louisiana to handle the expected rich Shenandoah production, and the natural gas liquids will be fractionated and marketed at Discovery's Paradis plant in Louisiana.
WMB 10-Kaccession 0000107263-25-000031
SentenceOn January 3, 2024, Williams closed on the acquisition from Hartree Partners LP for $ 1.95 billion of 100 percent of a strategic portfolio of natural gas storage facilities and pipelines, located in Louisiana and Mississippi (Gulf Coast Storage Acquisition).
WMB 10-Kaccession 0000107263-25-000031
SentenceNWP also contracts for natural gas storage services for approximately 3 Bcf at the Clay basin underground storage reservoir with a Williams' affiliate, MountainWest.
WMB 10-Kaccession 0000107263-25-000031
SentenceOn August 31, 2022, Williams purchased a group of assets in north Texas from NorTex Midstream Holdings, LLC.
WMB 10-Kaccession 0000107263-25-000031
SentenceThe equity NGL volumes from Williams' Wyoming plants as well as certain Colorado plants are dedicated for transport on OPPL under long-term transportation agreements.
WMB 10-Kaccession 0000107263-25-000031
SentenceFor the year ended December 31, 2025, approximately 52%, 41%, and 7% of our gross operated volumes in NEPA were further gathered, treated, and transported to sales on the gathering systems of UGI Energy Services Midstream Services, Williams Companies, and Energy Transfer, respectively.
SentenceFor the year ended December 31, 2024, Transco's largest customer was Dominion Energy, Inc., which accounted for approximately 7 percent of its operating revenue, and NWP's largest customer was Puget Sound Energy, Inc., which accounted for approximately 31 percent of its operating revenue.
SentenceCascade Natural Gas Corporation 46 47 49
WMB 10-Kaccession 0000107263-25-000031
SentenceCertain customers, including Expand Energy Corporation (formerly Chesapeake Energy Corporation or Chesapeake), have been named in various lawsuits alleging underpayment of royalties and claiming, among other things, violations of anti-trust laws and the Racketeer Influenced and Corrupt Organizations Act.
WMB 10-Kaccession 0000107263-25-000031
SentenceWilliams is investing in construction projects to support the power demands created by new data center and industrial development in power grid-constrained markets, including agreements with a large, investment-grade company to provide onsite natural gas and power generation infrastructure.
WMB 10-Kaccession 0000107263-26-000006
SentenceNorthwest Natural Gas Company 47 47 49
WMB 10-Kaccession 0000107263-25-000031
SentenceNWP's three largest customers in 2025 accounted for approximately 52 percent of NWP total operating revenues.
WMB 10-Kaccession 0000107263-26-000006
SentenceNWP: Puget Sound Energy, Inc. $ 136 $ 126 $ 131
WMB 10-Kaccession 0000107263-25-000031
SentenceWest Louisiana Energy Gateway In August 2024, Williams began construction activities on new natural gas gathering assets which are expected to gather 1.8 Bcf/d of natural gas produced in the Haynesville Shale basin for delivery to premium markets, including Transco, industrial markets, and growing LNG export demand along the Gulf Coast.
WMB 10-Kaccession 0000107263-25-000031
Last report2 of 8 at or beyond impliedshaded = implied▲▼ = realized× = |realized| ÷ implied
+1.53%
vs ±3.4% implied · ×0.45
shaded = implied · ▲▼ = realized
Williams Companies, Inc.
74.35
−0.53 · −0.71%
post 74.36 +0.01%
Expected move
Inputs8Q avg ±2.2%·×1.59·rich
straddle ±5.0%
spot 74.35exp Nov 6ATM strike 74ATM straddle 4.40IV 53%