# Williams Companies Inc. (WMB)

**Exchange:** NYSE  
**Sector:** Energy  
**Market cap:** $88.52B  
**Price:** $72.26 (+0.94%)

> The Williams Companies, Inc. is an energy infrastructure company focused primarily on the transportation, gathering, processing, and marketing of natural gas and natural gas liquids in the United States. Headquartered in Tulsa, Oklahoma, the company owns and operates an extensive network of pipelines and related midstream assets that connect key supply basins with major demand centers, including power generators, utilities, industrial users, and local distribution companies. Its operations are organized across segments such as interstate natural gas transmission, Gulf of Mexico infrastructure, and gathering and processing businesses in regions like the Northeast, Rocky Mountains, Texas, and the Mid-Continent. Williams also provides natural gas and NGL marketing, storage, and transportation services, helping market participants manage supply, demand, and logistics. Through these activities, The Williams Companies, Inc. plays a central role in the North American natural gas value chain, supporting reliable energy delivery and underpinning both residential and commercial energy consumption.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $14.90B | — | $4.20B | $2.62B | — |
| 2024 | $12.63B | — | $3.34B | $2.23B | — |
| 2023 | $12.00B | — | $4.31B | $3.18B | — |
| 2022 | $17.77B | — | $3.02B | $2.05B | — |
| 2021 | $12.78B | — | $2.63B | $1.52B | — |
| 2020 | $7.65B | — | $2.20B | $211M | — |
| 2019 | $8.14B | — | $1.92B | $850M | — |
| 2018 | $8.60B | — | $768M | -$155M | — |
| 2017 | $8.03B | — | $927M | $2.17B | — |
| 2016 | $7.50B | — | $689M | -$424M | — |
| 2015 | $7.36B | — | $226M | -$571M | — |
| 2014 | $7.64B | — | $1.57B | $2.11B | — |
| 2013 | $6.86B | — | $1.38B | $430M | — |
| 2012 | $7.49B | — | $1.61B | $859M | — |
| 2011 | $7.93B | — | $1.87B | $376M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $58.57B | — | $12.81B | — | — |
| 2024 | $54.53B | — | $12.44B | — | — |
| 2023 | $52.63B | — | $12.40B | — | — |
| 2022 | $48.43B | — | $11.48B | $152M | — |
| 2021 | $47.61B | — | $11.42B | $1.68B | — |
| 2020 | $44.16B | — | $11.77B | $142M | — |
| 2019 | $46.04B | — | $13.36B | $289M | — |
| 2018 | $45.30B | — | $14.66B | $168M | — |
| 2017 | $46.35B | — | $9.66B | $899M | — |
| 2016 | $46.84B | — | $4.64B | $170M | — |
| 2015 | $49.02B | — | $6.15B | $100M | — |
| 2014 | $50.45B | — | $8.78B | $240M | — |
| 2013 | $27.14B | — | $4.86B | $681M | — |
| 2012 | $24.33B | — | $4.75B | $839M | — |
| 2011 | $16.50B | — | $1.30B | $889M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $5.90B | $4.89B | $1.00B |
| 2024 | $4.97B | $2.57B | $2.40B |
| 2023 | $5.94B | $2.52B | $3.42B |
| 2022 | $4.89B | $2.25B | $2.64B |
| 2021 | $3.94B | $1.24B | $2.71B |
| 2020 | $3.50B | $1.24B | $2.26B |
| 2019 | $3.69B | $2.11B | $1.58B |
| 2018 | $3.29B | $3.26B | $37M |
| 2017 | $3.09B | $2.40B | $690M |
| 2016 | $4.16B | $2.05B | $2.10B |
| 2015 | $2.71B | $3.17B | -$459M |
| 2014 | $2.12B | $4.03B | -$1.92B |
| 2013 | $2.22B | $3.57B | -$1.35B |
| 2012 | $1.83B | $2.53B | -$694M |
| 2011 | $3.44B | $2.80B | $643M |

Source: [CompaniesByCap](https://companiesbycap.com/company/WMB)