Published
{
"ticker": "WMB",
"cik": "0000107263",
"company": "Williams Companies Inc.",
"business_type": "midstream energy infrastructure (natural gas pipelines, gathering and processing)",
"schema_template": "standard industrial template adapted for a midstream operator: total revenues and operating income in place of gross profit, equity earnings shown separately, total debt including commercial paper",
"reporting_currency": "USD",
"converted_to_usd": false,
"units": "actual US dollars (not millions); per-share amounts in dollars; share counts in actual shares",
"units_notes_seen": {
"FY2025 10-K consolidated statement of income": "(Millions, except per-share amounts); weighted-average shares row labelled (millions)",
"FY2025 10-K consolidated balance sheet": "(Millions, except per-share amounts)",
"FY2025 10-K consolidated statement of changes in equity": "(Millions); dividends per share printed in the row label",
"FY2025 10-K consolidated statement of cash flows": "(Millions)",
"Q2 2026 10-Q consolidated statement of comprehensive income": "(Millions, except per-share amounts); weighted-average shares row labelled (millions)",
"Q2 2026 10-Q consolidated balance sheet": "(Millions, except per-share amounts)",
"Q2 2026 10-Q consolidated statement of changes in equity": "(Millions); dividends per share printed in the row label",
"Q2 2026 10-Q consolidated statement of cash flows": "(Millions)"
},
"adjustments": {
"splits_applied": [],
"adr_ratio": null,
"fx": "none; Williams reports in US dollars"
},
"annual": [
{
"fiscal_year": 2025,
"label": "FY2025",
"period_start": "2025-01-01",
"period_end": "2025-12-31",
"period_type": "fiscal year",
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"diluted_eps": 2.14,
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"balance_sheet": {
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}
},
{
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"label": "FY2023",
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"period_end": "2023-12-31",
"period_type": "fiscal year",
"source_accession": "0000107263-26-000006",
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"total_revenues": 10907000000,
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"net_processing_commodity_expenses": 151000000,
"operating_and_maintenance_expenses": 1984000000,
"depreciation_depletion_and_amortization": 2071000000,
"general_and_administrative_expenses": 665000000,
"impairment_or_write_off_of_certain_assets": 10000000,
"gain_on_sale_of_business": -129000000,
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"total_costs_and_expenses": 6596000000,
"operating_income": 4311000000,
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"interest_expense": -1236000000,
"net_gain_from_energy_transfer_litigation_judgment": 534000000,
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"income_before_income_taxes": 4405000000,
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"income_from_continuing_operations": 3400000000,
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"net_income": 3303000000,
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"diluted_eps": 2.6,
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}
}
],
"quarterly": [
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"label": "Q2 FY2026",
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"period_end": "2026-06-30",
"period_type": "three months",
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"basic_eps": 0.68,
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"diluted_eps": 0.68,
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"balance_sheet": {
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"property_plant_and_equipment_net": 44410000000,
"intangible_assets_net": 6577000000,
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"total_stockholders_equity": 13190000000,
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"total_liabilities": 45242000000
}
},
{
"fiscal_year": 2025,
"fiscal_quarter": 2,
"label": "Q2 FY2025",
"period_start": "2025-04-01",
"period_end": "2025-06-30",
"period_type": "three months",
"source_accession": "0000107263-26-000026",
"income_statement": {
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"income_before_income_taxes": 757000000,
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"net_income": 583000000,
"net_income_attributable_to_noncontrolling_interests": 37000000,
"net_income_attributable_to_williams": 546000000,
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"dividends_declared_per_common_share": 0.5
}
}
],
"year_to_date": {
"label": "Six months ended June 30, 2026",
"period_start": "2026-01-01",
"period_end": "2026-06-30",
"period_type": "six months",
"source_accession": "0000107263-26-000026",
"prior_year_comparative": {
"label": "Six months ended June 30, 2025",
"period_start": "2025-01-01",
"period_end": "2025-06-30",
"period_type": "six months",
"source_accession": "0000107263-26-000026",
"income_statement": {
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"total_revenues": 5829000000,
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},
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"product_sales": 1899000000,
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"basic_eps": 1.38,
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},
"cash_flow": {
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"purchases_of_and_contributions_to_equity_method_investments": -91000000,
"net_cash_from_investing_activities": -2790000000,
"proceeds_from_long_term_debt": 2790000000,
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}
},
"shares_outstanding_cover": {
"common_shares_outstanding": 1223167472,
"as_of": "2026-07-30",
"source_accession": "0000107263-26-000026",
"label": "Common shares outstanding at July 30, 2026, per the Q2 2026 10-Q cover page"
},
"trailing_twelve_months": {
"label": "Twelve months ended June 30, 2026",
"period_start": "2025-07-01",
"period_end": "2026-06-30",
"period_type": "trailing twelve months",
"source_accession": "0000107263-26-000026",
"derived_from_accessions": [
"0000107263-26-000006",
"0000107263-26-000026"
],
"derivation": "FY2025 (10-K) plus six months ended June 30, 2026 less six months ended June 30, 2025 (10-Q)",
"income_statement": {
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"total_costs_and_expenses": 7544000000,
"operating_income": 4660000000,
"depreciation_depletion_and_amortization": 2333000000,
"equity_earnings": 783000000,
"interest_expense": -1490000000,
"income_before_income_taxes": 4238000000,
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"net_income": 3244000000,
"net_income_attributable_to_noncontrolling_interests": 171000000,
"net_income_attributable_to_williams": 3073000000,
"preferred_stock_dividends": 3000000,
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"dividends_declared_per_common_share": 2.05
},
"cash_flow": {
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}
},
"notes": [
"Annual figures for 2023, 2024 and 2025 come from the consolidated statements in Williams' FY2025 Form 10-K (accession 0000107263-26-000006). That 10-K presents balance sheets at December 31, 2025 and 2024 only, so FY2023 carries income-statement and cash-flow figures but no balance sheet.",
"Quarterly figures for the three months ended June 30, 2026 and June 30, 2025, the six-month year-to-date figures, and the June 30, 2026 balance sheet come from Williams' Q2 2026 Form 10-Q (accession 0000107263-26-000026). The 10-Q's December 31, 2025 balance-sheet column is identical to the 10-K's.",
"Williams presents its costs by nature (product costs, operating and maintenance, depreciation, general and administrative) and prints no gross profit line, so this record reports total revenues, total costs and expenses and operating income instead of a gross margin.",
"Figures carry the sign the statements print. Interest expense, capital expenditures, dividends paid, debt repayments and other cash outflows are negative numbers. Within costs and expenses, the gain on sale of certain assets is printed in parentheses and is stored as a negative number because it reduces total costs and expenses. The FY2023 gain on sale of business is stored the same way. Other operating (income) expense, net (printed as other (income) expense, net in the 10-K) is a component of costs and expenses, separate from the non-operating other income (expense), net below operating income; it is stored as a negative number when it is net income and a positive number when it is net expense.",
"Net gain (loss) from commodity derivatives is part of total revenues as Williams reports them and can be negative: it was a $250 million loss in FY2024 and a $265 million loss in the six months ended June 30, 2026.",
"Diluted EPS is struck on net income available to common stockholders, which is net income attributable to The Williams Companies, Inc. less preferred stock dividends. In FY2023, diluted EPS was $2.68 from continuing operations and $2.60 in total, after a $97 million loss from discontinued operations.",
"Weighted-average share counts are printed in millions on the income statements and are stored here as actual shares.",
"total_debt is the sum of commercial paper, long-term debt due within one year and long-term debt. The 10-K states that total outstanding long-term debt, including current portion and commercial paper, was $29.4 billion at December 31, 2025, consistent with the $29,361 million sum.",
"total_liabilities is the sum of total current liabilities, long-term debt, deferred income tax liabilities and regulatory liabilities, deferred income and other; the balance sheet prints no total-liabilities line. In every period it equals total assets less total equity.",
"free_cash_flow is net cash provided by operating activities less capital expenditures. Williams does not report this measure on its financial statements.",
"Dividends declared per common share come from the statements of changes in equity: $2.00 for 2025, $1.90 for 2024 and $1.79 for 2023 in the 10-K; $0.525 for the second quarter of 2026, $0.500 for the second quarter of 2025, $1.050 for the first half of 2026 and $1.000 for the first half of 2025 in the 10-Q.",
"Notable items: FY2025 includes a $212 million impairment or write-off of certain assets. FY2023 includes a $534 million net gain from the Energy Transfer litigation judgment and a $129 million gain on sale of business. The six months ended June 30, 2026 include a $194 million gain on sale of certain assets ($12 million of it in the second quarter), and second-quarter 2026 other investing income was $134 million, against $4 million a year earlier.",
"The trailing-twelve-months view is derived as FY2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025. Its dividends declared per share are derived the same way; no trailing EPS is shown because the filings print no twelve-month share count for that span.",
"No adjustments apply: Williams reports in US dollars, its common stock is not an ADR, and there has been no stock split in the periods covered."
],
"uncertainties": [
"The Q2 2026 10-Q presents cash flows only for the six months ended June 30, so it prints no three-month cash flows for the second quarter of 2026 or 2025. The quarterly entries therefore carry no cash-flow figures; the first-quarter 2026 10-Q, which would allow the quarter to be derived by difference, is not among the filings this page draws on. Six-month cash flows are in the year-to-date block.",
"The 10-Q does not print a balance sheet at June 30, 2025, so the Q2 FY2025 entry carries no balance sheet."
],
"headline": {
"period": "Q2 FY2026",
"period_end_words": "June 30, 2026",
"metrics": [
{
"label": "Revenue",
"format": "usd",
"value": 3053000000,
"text": "$3.05 billion",
"exact": "$3,053,000,000",
"compact": "$3.05B",
"abs": "$3.05 billion",
"prior_value": 2781000000,
"prior": "$2.78 billion",
"priorabs": "$2.78 billion",
"yoy": "up 9.8%",
"source": {
"array": "quarterly",
"field": "income_statement.total_revenues",
"index": 0,
"period_label": "Q2 FY2026",
"period_end": "2026-06-30",
"period_start": "2026-04-01",
"span_days": 90,
"source_accession": "0000107263-26-000026",
"prior_index": 1,
"prior_period_label": "Q2 FY2025",
"prior_period_end": "2025-06-30",
"prior_period_start": "2025-04-01",
"prior_span_days": 90,
"prior_source_accession": "0000107263-26-000026",
"gap_days": 365
}
},
{
"label": "Net income attributable to Williams",
"format": "usd",
"value": 827000000,
"text": "$827 million",
"exact": "$827,000,000",
"compact": "$827.00M",
"abs": "$827 million",
"prior_value": 546000000,
"prior": "$546 million",
"priorabs": "$546 million",
"yoy": "up 51.5%",
"source": {
"array": "quarterly",
"field": "income_statement.net_income_attributable_to_williams",
"index": 0,
"period_label": "Q2 FY2026",
"period_end": "2026-06-30",
"period_start": "2026-04-01",
"span_days": 90,
"source_accession": "0000107263-26-000026",
"prior_index": 1,
"prior_period_label": "Q2 FY2025",
"prior_period_end": "2025-06-30",
"prior_period_start": "2025-04-01",
"prior_span_days": 90,
"prior_source_accession": "0000107263-26-000026",
"gap_days": 365
}
},
{
"label": "Diluted EPS",
"format": "eps",
"value": 0.68,
"text": "$0.68",
"exact": "$0.68",
"compact": "$0.68",
"abs": "$0.68",
"prior_value": 0.45,
"prior": "$0.45",
"priorabs": "$0.45",
"yoy": "up 51.1%",
"source": {
"array": "quarterly",
"field": "income_statement.diluted_eps",
"index": 0,
"period_label": "Q2 FY2026",
"period_end": "2026-06-30",
"period_start": "2026-04-01",
"span_days": 90,
"source_accession": "0000107263-26-000026",
"prior_index": 1,
"prior_period_label": "Q2 FY2025",
"prior_period_end": "2025-06-30",
"prior_period_start": "2025-04-01",
"prior_span_days": 90,
"prior_source_accession": "0000107263-26-000026",
"gap_days": 365
}
},
{
"label": "Operating income",
"format": "usd",
"value": 1182000000,
"text": "$1.18 billion",
"exact": "$1,182,000,000",
"compact": "$1.18B",
"abs": "$1.18 billion",
"prior_value": 945000000,
"prior": "$945 million",
"priorabs": "$945 million",
"yoy": "up 25.1%",
"source": {
"array": "quarterly",
"field": "income_statement.operating_income",
"index": 0,
"period_label": "Q2 FY2026",
"period_end": "2026-06-30",
"period_start": "2026-04-01",
"span_days": 90,
"source_accession": "0000107263-26-000026",
"prior_index": 1,
"prior_period_label": "Q2 FY2025",
"prior_period_end": "2025-06-30",
"prior_period_start": "2025-04-01",
"prior_span_days": 90,
"prior_source_accession": "0000107263-26-000026",
"gap_days": 365
}
}
],
"summary": "The Williams Companies reported total revenues of $3.05 billion for Q2 FY2026, the quarter ended June 30, 2026, up 9.8% from a year earlier, and net income attributable to Williams of $827 million, up 51.5%. Part of the earnings increase came from a gain on the June sale of its Brazos Permian II equity-method investment and a favorable swing in unrealized commodity derivative results, while operating income, which does not include that investment gain, was $1.18 billion, up 25.1%. Diluted earnings per share were $0.68, compared with $0.45 a year earlier.",
"qa": [
{
"q": "How much revenue did Williams make in Q2 FY2026?",
"a": "The Williams Companies reported total revenues of $3.05 billion for Q2 FY2026, the quarter ended June 30, 2026. That is up 9.8% from $2.78 billion in the same quarter a year earlier."
},
{
"q": "What was Williams' net income in Q2 FY2026?",
"a": "Net income attributable to The Williams Companies was $827 million for Q2 FY2026, up 51.5% from $546 million a year earlier. Part of the increase came from a gain on the June sale of the Brazos Permian II equity-method investment and a favorable swing in unrealized commodity derivative results."
},
{
"q": "What was Williams' earnings per share in Q2 FY2026?",
"a": "The Williams Companies earned $0.68 per diluted share in Q2 FY2026, the quarter ended June 30, 2026, up 51.1% from $0.45 in the same quarter a year earlier."
},
{
"q": "Did Williams' operating income grow in Q2 FY2026?",
"a": "Yes. The Williams Companies reported operating income of $1.18 billion for Q2 FY2026, up 25.1% from $945 million a year earlier, helped by higher service revenues from expansion projects and a favorable swing in unrealized commodity derivative results."
}
]
},
"company_details": {
"Name": "Williams Companies, Inc.",
"Ticker": "WMB",
"CIK": "0000107263",
"Exchange": "NYSE",
"State": "Oklahoma",
"Incorporation": "Delaware",
"SIC": "4922",
"Office": "Energy & Transportation",
"Industry": "Natural Gas Transmission"
},
"next_filing": {
"predicted_date": "2026-11-02",
"predicted_type": "10-Q"
},
"fiscal_period": {
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"fiscal_period": "Q2",
"tag": "FY26Q2",
"period_end": "2026-06-30",
"form": "10-Q",
"accession": "0000107263-26-000026",
"fiscal_year_end": "1231",
"source": "facts"
},
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{
"role": "annual",
"current": false,
"form": "10-K",
"fiscal_year": 2025,
"fiscal_period": "FY",
"tag": "FY25",
"period_end": "2025-12-31",
"filed": "2026-02-24",
"accession": "0000107263-26-000006",
"url": "https://www.sec.gov/Archives/edgar/data/107263/000010726326000006/0000107263-26-000006-index.htm",
"source": "reported"
},
{
"role": "quarterly",
"current": true,
"form": "10-Q",
"fiscal_year": 2026,
"fiscal_period": "Q2",
"tag": "FY26Q2",
"period_end": "2026-06-30",
"filed": "2026-08-03",
"accession": "0000107263-26-000026",
"url": "https://www.sec.gov/Archives/edgar/data/107263/000010726326000026/0000107263-26-000026-index.htm",
"source": "facts"
}
],
"figure_sources": {
"about": "Where each figure in this file is printed in its SEC filing. This block mirrors the paths of the figures: figure_sources.annual[0].income_statement.net_income is the source of annual[0].income_statement.net_income. Each entry reads '<document>#<anchor>', and the link is documents[<document>] + '#<anchor>': it opens the filing at the line that prints that number. A figure with no entry is not printed in a tagged filing, either because it was calculated (margins, free cash flow, trailing twelve months, a quarter derived by subtraction) or because it comes from an untagged earnings release.",
"documents": {
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"d2": "https://www.sec.gov/Archives/edgar/data/107263/000010726326000026/wmb-20260630.htm"
},
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}
}
]
}
}