WMB · 10-Q · 2026Q3

WILLIAMS COMPANIES, INC.

Filed 2026-11-02 · Utilities

Everything WMB's SEC filings said, ranked

Ranked Events

• Momentum AcquisitionImportance 65 · Surprise 60
  Williams closed its acquisition of Momentum on September 3, 2026, for approximately $5.1 billion; the Haynesville Shale assets include 6 Bcf/d of gathering capacity and 4 Bcf/d of pipeline capacity. In July 2026,…
• Capital Expenditure ProgramImportance 64 · Surprise 42
  Williams’ 2026 growth capital and investment expenditures are expected to range from $7.3 billion to $7.9 billion, excluding acquisitions and certain customer-reimbursable long-lead power equipment. Construction and…
• Guidance / OutlookImportance 60 · Surprise 24
  Williams expects its 2026 operating results to benefit from Transmission, Power & Gulf growth, including the Socrates Power project and Transco and Gulf of America expansions, as well as a full year of the Louisiana…
• Net Income and ProfitabilityImportance 59 · Surprise 48
  Net income attributable to The Williams Companies, Inc. increased $508 million, or 27%, to $2.392 billion for the nine months ended September 30, 2026, from $1.884 billion in 2025. Consolidated operating income rose to…
• Balance Sheet and LiquidityImportance 59 · Surprise 48
  At September 30, 2026, Williams reported total assets of $70.680 billion, up from $58.573 billion at December 31, 2025. Cash and cash equivalents were $1.756 billion at September 30, while the balance sheet showed…
• Firm Transportation and Power DemandImportance 58 · Surprise 42
  Williams’ planned expansions target growing natural gas demand in the Southeast, Northeast, Gulf Coast, Rockies, and Haynesville, as well as power generation and LNG markets. Transco’s Southeast Supply Enhancement is…
• Pantheon Stake SaleImportance 58 · Surprise 42
  In July 2026, Williams sold a noncontrolling interest in Pantheon, which owns five power projects, in exchange for $5.34 billion of committed capital while retaining control. The contributions are dedicated to funding…
• Debt and Liquidity PositionImportance 54 · Surprise 40
  Williams’ total debt carrying amount was $33.934 billion at September 30, 2026, up from $28.661 billion at December 31, 2025, an increase of 18.4%; disclosed fair value was $31.853 billion. In 2026, Williams issued…
• Regulatory Approval and Project RiskImportance 53 · Surprise 60
  The Third Circuit Court of Appeals on September 8, 2026, granted petitions for review of the New Jersey Department of Environmental Protection’s Clean Water Act water-quality certification for Transco’s Northeast…
• Revenue Performance and MixImportance 47 · Surprise 48
  For the three months ended September 30, 2026, consolidated revenue was $3.223 billion, up $300 million from $2.923 billion a year earlier; nine-month revenue was $9.306 billion, up $554 million, or 6%. Nine-month…
• Remaining Performance ObligationsImportance 44 · Surprise 24
  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…
• Operating Expense TrendsImportance 41 · Surprise 48
  For the nine months ended September 30, 2026, operating and maintenance expense increased $104 million, or 6%, primarily because of employee-related expenses, operating taxes, electricity and fuel, and costs of…
• Pipeline Capacity ExpansionImportance 40 · Surprise 42
  Williams placed Naughton Coal-to-Gas Conversion into service in April 2026, adding 98 Mdth/d of contracted capacity to NWP’s system serving a power plant in southwest Wyoming. Socrates South entered service in late…
• Operating Cash Flow TrendsImportance 37 · Surprise 14
  Net cash provided by operating activities was $4.484 billion for the nine months ended September 30, 2026, up from $4.322 billion in the same 2025 period. The increase primarily reflected higher operating income,…
• Washington Climate Commitment ActImportance 32 · Surprise 24
  Washington’s Climate Commitment Act established a cap-and-invest program effective January 1, 2023, requiring NWP to obtain allowances for covered emissions. NWP began purchasing allowances in 2023 for emissions at…
• Quarterly Dividend DeclarationImportance 31 · Surprise 32
  Williams raised its regular quarterly cash dividend from $0.500 per common share in each quarter of 2025 to $0.525 per share in the first three quarters of 2026. Common dividends paid totaled $1.940 billion for the…
• Power Purchase AgreementsImportance 26 · Surprise 24
  Williams provides power generation and pipeline capacity to a counterparty on a firm basis through certain power purchase agreements. The Socrates South power generation facility entered service in the third quarter of…
• Income Tax Rate ChangesImportance 19 · Surprise 22
  The quarterly provision for income taxes changed favorably by $25 million, or 10%, compared with the third quarter of 2025. The filing says the favorable change primarily reflected the absence of a 2025 provision…
• Environmental Credit RegulationImportance 17 · Surprise 24
  In May 2026, the FASB issued ASU 2026-02, establishing accounting guidance for environmental credits and related obligations. The standard is effective for fiscal years beginning after December 15, 2027, with early…

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