The Williams Companies, Inc.

WMB
Sector

Energy

Industry

Oil & Gas Midstream

Market Cap

$63.40B

Employees

5.6K

Company Overview

The Williams Companies, Inc. is an energy infrastructure company focused on natural gas. They operate in 12 supply areas, providing natural gas gathering, processing, and transmission services, as well as NGL fractionation, transportation, and storage. The company owns and operates over 33,000 miles of pipelines and 35 processing facilities, serving over 700 customers across 24 states.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Service revenues increased by $89 million YoY in Q2 2024, primarily due to recent acquisitions. However, total revenues decreased by $147 million YoY, indicating weakness in other revenue streams.

Net income attributable to The Williams Companies, Inc. decreased by $59 million YoY in Q2 2024 and $354 million YoY for the six months ended June 30, 2024, reflecting a significant decline in profitability.

Operating income decreased by $174 million YoY in Q2 2024, demonstrating that increased revenues are not translating into improved profitability. This suggests rising costs or other operational challenges.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights