WMB · 10-Q · 2026Q3 · Full report

Remaining Performance Obligations

WILLIAMS COMPANIES, INC. · 2026-11-02 · Importance 44 · Surprise 24 · No source text

At September 30, 2026, Williams reported $32.541 billion of remaining performance obligations under certain contracts, including $1.202 billion expected in the final three months of 2026. Expected amounts were $4.720 billion in 2027, $4.239 billion in 2028, $3.773 billion in 2029, and $3.034 billion in 2030, with $15.573 billion thereafter. The obligations primarily comprise reservation charges for firm transportation and storage capacity, midstream minimum-volume commitments, and fixed payments for offshore gathering and transportation. Transco accounted for $21.030 billion of the total and NWP for $4.008 billion; amounts exclude certain variable consideration, unexercised renewals, and facilities lacking FERC authorization.

Key facts

• Williams’ remaining performance obligations totaled $32.541 billion at September 30, 2026; $15.573 billion was due thereafter.
• Williams’ remaining performance obligations included $4.720 billion for 2027, $4.239 billion for 2028, $3.773 billion for 2029, and $3.034 billion for 2030.
• Remaining performance obligations for Williams’ interstate natural gas pipeline businesses generally reflect expected service rates over contract lives, but those rates may change with future FERC-approved tariffs.
• Williams’ remaining performance obligations exclude potential future performance obligations for unexercised contract renewals and contracts whose facilities have not received FERC authorization to enter service.

Impact estimates