WMBThe Williams Companies, Inc.
The Williams Companies, Inc. (WMB) is a gas utility that owns and operates natural gas transmission and storage systems in the U.S. Its core business revolves around transporting gas through its Transco pipeline and managing storage facilities, which are critical to meeting regional demand. The next catalyst is the Dec 15, 2026 — FERC Regulatory Update & Transco Expansion FID, which will test the company’s ability to secure regulatory approval for its Transco expansion project and navigate potential rate changes.
- WMB’s revenue grew 17.9% YoY to $14.97B, with a net margin of 19.3% and free cash flow of $2.31B in the trailing twelve months.
- The company has a debt-to-equity ratio of 2.19x, with $12.81B in shareholders’ equity.
- WMB’s diluted EPS was $0.68 in the latest reported period.
The schedule
- Tue15Dec
Anticipated regulatory decision and Final Investment Decision (FID) for key Transco pipeline expansions under the Trump administration.
- Mon1Feb
Release of WMB's Q3 2026 financials, offering visibility into winter natural gas storage and transmission volumes.
- Mon3May
Q4 2026 earnings print coupled with critical 2027 CapEx guidance and dividend policy announcements.
- Mon2Aug
Q1 2027 earnings release, providing an early look at annual contract renewals and transmission volumes.
- Mon1Nov
Past
- Wed16Sep
Federal Reserve interest rate decision and its impact on WMB's dividend yield attractiveness and CapEx funding costs.
- Mon3Aug
Actual outcome: Mixed · $71.81 at outcome
WMB reported mixed Q2 results, missing consensus estimates for earnings and revenue, which was offset by the announcement of a $5.5 billion acquisition of Momentum Midstream. The company also raised its full-year Adjusted EBITDA guidance and boosted its long-term growth target to an 11% CAGR. These competing factors—near-term misses balanced by aggressive expansion and raised guidance—resulted in a modest 2% price increase, leaving the stock's direction ambiguous and short of the bull target.
WMB reports Q2 2026 results with a focus on natural gas infrastructure serving hyperscaler AI energy needs.
- Wed18Mar
Actual outcome: Bull · $72.41 at outcome
WMB shares exceeded the bull target as the market focused on surging natural gas demand from AI-driven data centers and global LNG supply disruptions that highlighted the company's critical infrastructure role. Despite the FOMC interest rate focus, strong institutional buying and the CEO's emphasis on U.S. gas dominance provided a fundamental floor that outweighed short-term funding concerns.
WMB shares exceeded the bull target as the market focused on surging natural gas demand from AI-driven data centers and global LNG supply disruptions that highlighted the company's critical infrastructure role. Despite the FOMC interest rate focus, strong institutional buying and the CEO's emphasis on U.S. gas dominance provided a fundamental floor that outweighed short-term funding concerns.
- Wed11Feb
Actual outcome: Bull · $72.17 at outcome
WMB reported mixed Q4 results, missing EPS but beating revenue estimates. However, the stock rallied significantly past the bull target, driven by the company's strategic focus on securing natural gas assets to provide integrated energy solutions for high-growth AI data centers and hyperscalers. This forward-looking strategic clarity and strong gas demand outlook outweighed the Q4 earnings miss, reinforcing the bull case for future growth.
WMB reported mixed Q4 results, missing EPS but beating revenue estimates. However, the stock rallied significantly past the bull target, driven by the company's strategic focus on securing natural gas assets to provide integrated energy solutions for high-growth AI data centers and hyperscalers. This forward-looking strategic clarity and strong gas demand outlook outweighed the Q4 earnings miss, reinforcing the bull case for future growth.
