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 8% year-over-year, driven by recent acquisitions, but overall revenues were negatively impacted by a $778 million swing in net gains/losses from commodity derivatives. Product sales also decreased slightly year-over-year.

Operating income decreased by 15% year-over-year due to increases in operating and maintenance, depreciation, and selling, general, and administrative expenses. Additionally, a gain on sale of business in the prior year period also contributed to the decrease.

Net income attributable to The Williams Companies, Inc. decreased by 15% year-over-year despite an increase in service revenues, primarily due to lower gains from commodity derivatives and increased operating expenses.

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