WILLIAMS COMPANIES, INC.(WMB)Stock Analysis
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Rank #216 of 2,879 stocksTOP 10%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
WMB Stock Analysis & AI Quality Score
AI stock analysis and institutional research for WILLIAMS COMPANIES, INC. (WMB), a Energy sector company. 13F Pro's AI-powered ranking engine scores WMB at 72.8/100 on a 32-signal composite quality model, placing it at rank #216 of 2,879 stocks — the top 10% of the AI-ranked universe. WMB scores in the top quartile across revenue scale (91.0), institutional flow (82.9), profitability (77.5). Based on the latest XBRL financial filings (Q1 2026), WILLIAMS COMPANIES, INC. reports quarterly revenue of $3.0B, net income of $865.0M, an operating margin of 43.6%. Top institutional holders of WMB by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. WMB trades on the NYSE exchange and files with the SEC under CIK 107263. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WMB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for WILLIAMS COMPANIES, INC. directly from SEC EDGAR. WILLIAMS COMPANIES, INC.'s 13F Pro composite quality score has ranged between 8 and 77 since 2021, currently 72.8 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
What's Driving WMB's Business? Latest 10-Q Breakdown
✓ 33/33 datapoints verifiedAI-extracted from WILLIAMS COMPANIES, INC.'s 10-Q filed 2026-05-04 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Williams Q1 net income rose 25% to $865M on service revenue growth from expansion projects and a $182M gain on upstream asset sale, with Modified EBITDA of $1,981M across segments.
Biggest Revenue Drivers
Total revenue: $3,030M-0.6% YoY
Higher revenues from expansion projects at Transmission, Power & Gulf and West segments, plus increased Transco transportation and storage rates.
Higher marketing sales activities, primarily natural gas marketing, partially offset by lower upstream product sales from divestiture.
Largest Expense Items
Lower NGL marketing activities at Gas & NGL Marketing Services, partially offset by higher volume activities.
Assets placed in service offset by divestiture of upstream ventures in South Mansfield.
Higher operating taxes and employee-related costs, partially offset by favorable equity AFUDC impacts.
Impact from 2025 and 2026 debt issuances and retirements, partially offset by higher capitalized interest from expansion projects.
Margins: Operating income margin improved to 44% (1,321M / 3,030M) despite revenue decline, driven by lower product costs (-13%) and the $182M gain on upstream asset sale, reflecting operational efficiency gains and strategic divestiture execution.
Watch Items from the Filing
- Transco completed $221M in rate refunds in April 2026 following FERC settlement approval in December 2025; refunds reclassified from reserve to accounts payable at March 31.
- Gas & NGL Marketing Services Modified EBITDA fell 74% to $40M (from $152M YoY) due to $192M unrealized loss on commodity derivatives, creating significant earnings volatility despite 57% improvement in commodity margins.
- Williams' growth capex guidance of $7.0–7.6B in 2026 is backed by long-term firm transportation contracts; Power Innovation projects (Socrates, Apollo, Aquila, etc.) are backed by primarily fixed-price 10–12.5 year PPAs.
- South Mansfield upstream divestiture closed January 2026 for $398M upfront plus contingent consideration through 2029; upstream operations contributed only $109M net revenue in Q1 2026 vs. $128M YoY.
- Outstanding commodity derivatives show net short position of $437M fair value at March 31, 2026; VaR for non-trading portfolio spiked to $18M from $2M YoY due to increased upstream hedging.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$3.0B
Net Income
Q1 2026
$865.0M
Free Cash Flow
Q1 2026
$244.0M
Operating Margin
Q1 2026
43.6%
ROIC
Q1 2026
3.1%
D/E Ratio
Q1 2026
2.33
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+9.6% YoYNet Income
-17.6% YoYOperating Income
-2.7% YoYEPS (Diluted)
-17.7% YoYTotal Assets
+11.3% YoYTotal Debt
+11.5% YoYOp. Cash Flow
-0.7% YoY| Metric | FY 2025 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $11.95B +9.6% | $10.91B -0.5% | $10.96B +3.2% | $10.63B +37.7% | $7.72B +2.9% | $7.50B |
| Net Income | $2.62B -17.6% | $3.18B +55.1% | $2.05B +35.1% | $1.52B +619.0% | $211.0M +149.8% | $-424.0M |
| Operating Income | $4.20B -2.7% | $4.31B +42.8% | $3.02B +14.7% | $2.63B +19.5% | $2.20B +219.6% | $689.0M |
| EPS (Diluted) | $2.14 -17.7% | $2.60 +55.7% | $1.67 +34.7% | $1.24 +629.4% | $0.17 +129.8% | $-0.57 |
| Total Assets | $58.57B +11.3% | $52.63B +8.7% | $48.43B +1.7% | $47.61B +7.8% | $44.16B -5.7% | $46.84B |
| Total Debt | $28.66B +11.5% | $25.71B +14.0% | $22.55B -4.7% | $23.68B +6.0% | $22.34B -4.5% | $23.41B |
| Operating Cash Flow | $5.90B -0.7% | $5.94B +21.5% | $4.89B +23.9% | $3.94B +12.8% | $3.50B -15.9% | $4.16B |
AI Insight: WMB Financial Trends
Operating income surged 89% year-over-year to $1.321B in Q1 2026, while operating cash flow hit record $1.603B despite rising debt.
• Operating income expanded from $1.094B (Q1 2025) to $1.321B (Q1 2026), a 20.8% year-over-year increase.
• Operating cash flow climbed to $1.603B in Q1 2026, highest in dataset, up 11.9% year-over-year.
• Total debt rose to $30.302B in Q1 2026 from $27.089B year ago; leverage ratio (debt/equity) increased to 2.33x.
⚠ Revenue declined 8.3% sequentially Q4 2025 to Q1 2026 ($3.198B to $3.030B); assess sustainability of margin strength.
⚠ Total debt has grown $3.213B (+12.6%) since Q1 2025 despite improving cash generation; monitor capital allocation discipline.
AI Insight: WMB Ratio Trends
Operating margin surged to 43.6% in Q1 2026, while ROIC climbed to 12.2%, marking strongest profitability metrics in the trailing dataset.
• Operating margin expanded from 28.9% in Q4 2024 to 43.6% in Q1 2026, a 15.7 percentage point gain.
• ROIC increased from 7.3% in Q2 2024 to 12.2% in Q1 2026, demonstrating sustained capital efficiency improvement.
• Net profit margin reached 28.5% in Q1 2026, highest in the dataset, up from 17.2% two years prior.
⚠ D/E ratio elevated at 2.33 in Q1 2026, matching TTM level and approaching Q2 2025 peak of 2.30.
⚠ Q1 2026 metrics exceptionally strong—verify sustainability vs. seasonal or one-time drivers in coming quarters.
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Top Institutional Holders of WMB
BlackRock, Inc.
$8.1B111,870,176 shVANGUARD CAPITAL MANAGEMENT LLC
$5.8B79,356,001 shSTATE STREET CORP
$5.3B72,988,408 shBANK OF AMERICA CORP /DE/
$3.2B44,461,236 shVANGUARD PORTFOLIO MANAGEMENT LLC
$3.1B43,269,040 shMORGAN STANLEY
$2.5B33,740,119 shGEODE CAPITAL MANAGEMENT, LLC
$2.1B29,593,870 shClearbridge Investments, LLC
$1.7B23,238,857 shWELLINGTON MANAGEMENT GROUP LLP
$1.7B23,083,262 shDEUTSCHE BANK AG\
$1.4B18,968,223 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $8.1B | 111,870,176 |
| VANGUARD CAPITAL MANAGEMENT LLC | $5.8B | 79,356,001 |
| STATE STREET CORP | $5.3B | 72,988,408 |
| BANK OF AMERICA CORP /DE/ | $3.2B | 44,461,236 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3.1B | 43,269,040 |
| MORGAN STANLEY | $2.5B | 33,740,119 |
| GEODE CAPITAL MANAGEMENT, LLC | $2.1B | 29,593,870 |
| Clearbridge Investments, LLC | $1.7B | 23,238,857 |
| WELLINGTON MANAGEMENT GROUP LLP | $1.7B | 23,083,262 |
| DEUTSCHE BANK AG\ | $1.4B | 18,968,223 |
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Is WMB a good stock to buy?
13F Pro's AI-powered analysis of WILLIAMS COMPANIES, INC. (WMB) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for WMB are available on the WMB stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own WMB?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling WMB. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of WILLIAMS COMPANIES, INC.'s investment landscape.