WILLIAMS COMPANIES, INC.
WMB · Natural Gas Transmission · 1.22B shares · +0%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $53M (gross $130M, SBC $77M)
Reference price $71.30 · est. market cap ~$87.2B — last insider sale, 2026-06-01 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B74Large natural-gas infrastructure operator with strong ROE and cash generation off an irreplaceable pipeline network.
Strengths
- ROE 20.4% (70th pct) and strong FCF (+$1.0B, 88.9th pct)
- Double-digit revenue (17.9%) and net income (17.7%) growth; wide-moat Transco network
Risks
- Weak liquidity (current ratio 0.53, 12.5th pct; quick 12.5th pct)
- Operating margin only mid-pack (50th pct) and fcf margin 44th pct
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
28.2%
Net margin
17.6%
Return on equity
20.4%
Return on assets
4.5%
Revenue growth (QoQ)
22.8%
Net-income growth
17.7%
Current ratio
0.5×
Free cash flow
$1.0B
EBITDA
$6.5B
Tangible book value
$12.3B
Stock comp / revenue
0.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-25 | Porter John Dean | Option exercise | 1.9K | $24.98 |
| 2026-06-25 | Porter John Dean | Tax withheld | 1.2K | $77.62 |
| 2026-06-01 | Wilson Terrance Lane | Sell | 2.0K | $71.30 |
| 2026-05-19 | BERGSTROM STEPHEN W | Gift | 16K | — |
| 2026-05-15 | Jasek Glen G. | Sell | 1.7K | $78.17 |
| 2026-05-15 | Jasek Glen G. | Option exercise | 1.7K | $29.09 |
| 2026-05-15 | Jasek Glen G. | Sell | 836 | $78.13 |
| 2026-05-15 | Jasek Glen G. | Option exercise | 836 | $28.15 |
| 2026-05-14 | Larsen Larry C | Sell | 12K | $76.48 |
| 2026-05-06 | Porter John Dean | Sell | 50K | $75.37 |
| 2026-05-01 | Wilson Terrance Lane | Sell | 2.0K | $76.35 |
| 2026-04-28 | Ragauss Peter A | Grant | 4.9K | $73.04 |
| 2026-04-28 | ROBESON ROSE M | Grant | 3.8K | $73.04 |
| 2026-04-28 | CREEL MICHAEL A | Grant | 4.9K | $73.04 |
| 2026-04-28 | SPENCE WILLIAM H | Grant | 5.1K | $73.04 |
| 2026-04-28 | SHEFFIELD SCOTT D | Grant | 4.9K | $73.04 |
| 2026-04-28 | BERGSTROM STEPHEN W | Grant | 10K | $73.04 |
| 2026-04-28 | Lockhart Carri A. | Grant | 3.2K | $73.04 |
| 2026-04-28 | Tyson Jesse J | Grant | 3.4K | $73.04 |
| 2026-04-28 | Muncrief Richard E | Grant | 3.4K | $73.04 |
| 2026-04-01 | Wilson Terrance Lane | Sell | 2.0K | $71.75 |
| 2026-03-13 | Fazel Payvand | Sell | 2.9K | $73.15 |
| 2026-03-11 | Rinke Todd J. | Sell | 7.4K | $74.39 |
| 2026-03-09 | Fazel Payvand | Tax withheld | 1.5K | $73.18 |
| 2026-03-09 | Fazel Payvand | Grant | 5.6K | $73.18 |
| 2026-03-09 | Jasek Glen G. | Grant | 5.6K | $73.18 |
| 2026-03-05 | ARMSTRONG ALAN S | Other | 241K | $72.98 |
| 2026-03-05 | ARMSTRONG ALAN S | Other | 241K | $72.98 |
| 2026-03-02 | Wilson Terrance Lane | Sell | 2.0K | $75.24 |
| 2026-02-26 | Hausman Mary A. | Sell | 10K | $74.91 |
| 2026-02-24 | Wilson Terrance Lane | Sell | 27K | $72.92 |
| 2026-02-24 | Wilson Terrance Lane | Gift | 3.0K | — |
| 2026-02-23 | ARMSTRONG ALAN S | Tax withheld | 53K | $72.98 |
| 2026-02-23 | Teply Chad A. | Tax withheld | 15K | $72.98 |
| 2026-02-23 | Jasek Glen G. | Option exercise | 5.6K | $72.98 |
| 2026-02-23 | Jasek Glen G. | Tax withheld | 2.3K | $72.98 |
| 2026-02-23 | Jasek Glen G. | Tax withheld | 2.0K | $72.98 |
| 2026-02-23 | Fazel Payvand | Option exercise | 6.4K | $72.98 |
| 2026-02-23 | Fazel Payvand | Tax withheld | 2.9K | $72.98 |
| 2026-02-23 | Fazel Payvand | Tax withheld | 2.8K | $72.98 |
| 2026-02-23 | Rinke Todd J. | Option exercise | 6.7K | $72.98 |
| 2026-02-23 | Rinke Todd J. | Tax withheld | 3.0K | $72.98 |
| 2026-02-23 | Rinke Todd J. | Tax withheld | 2.9K | $72.98 |
| 2026-02-23 | Larsen Larry C | Option exercise | 37K | $72.98 |
| 2026-02-23 | Larsen Larry C | Tax withheld | 16K | $72.98 |
| 2026-02-23 | Larsen Larry C | Tax withheld | 11K | $72.98 |
| 2026-02-23 | Hausman Mary A. | Option exercise | 8.6K | $72.98 |
| 2026-02-23 | Hausman Mary A. | Tax withheld | 3.4K | $72.98 |
| 2026-02-23 | Hausman Mary A. | Tax withheld | 3.4K | $72.98 |
| 2026-02-23 | Teply Chad A. | Option exercise | 34K | $72.98 |
| 2026-02-23 | Teply Chad A. | Tax withheld | 9.9K | $72.98 |
| 2026-02-23 | Porter John Dean | Option exercise | 64K | $72.98 |
| 2026-02-23 | Porter John Dean | Tax withheld | 28K | $72.98 |
| 2026-02-23 | Porter John Dean | Tax withheld | 17K | $72.98 |
| 2026-02-23 | PICKLE DEBBIE L. | Option exercise | 32K | $72.98 |
| 2026-02-23 | PICKLE DEBBIE L. | Tax withheld | 14K | $72.98 |
| 2026-02-23 | PICKLE DEBBIE L. | Tax withheld | 9.2K | $72.98 |
| 2026-02-23 | Zamarin Chad J. | Option exercise | 74K | $72.98 |
| 2026-02-23 | Zamarin Chad J. | Tax withheld | 32K | $72.98 |
| 2026-02-23 | Zamarin Chad J. | Tax withheld | 21K | $72.98 |
| 2026-02-23 | Wilson Terrance Lane | Option exercise | 44K | $72.98 |
| 2026-02-23 | Wilson Terrance Lane | Tax withheld | 20K | $72.98 |
| 2026-02-23 | Wilson Terrance Lane | Tax withheld | 12K | $72.98 |
| 2026-02-23 | ARMSTRONG ALAN S | Option exercise | 296K | $72.98 |
| 2026-02-23 | ARMSTRONG ALAN S | Tax withheld | 130K | $72.98 |
| 2026-02-19 | Rinke Todd J. | Grant | 10K | $72.17 |
| 2026-02-19 | Ormond Eric J | Grant | 10K | $72.17 |
| 2026-02-19 | Larsen Larry C | Grant | 23K | $72.17 |
| 2026-02-19 | Hausman Mary A. | Grant | 3.3K | $72.17 |
| 2026-02-19 | McCOY THOMAS F | Grant | 4.6K | $72.17 |
| 2026-02-19 | Porter John Dean | Grant | 21K | $72.17 |
| 2026-02-19 | PICKLE DEBBIE L. | Grant | 10K | $72.17 |
| 2026-02-19 | Zamarin Chad J. | Grant | 51K | $72.17 |
| 2026-02-19 | Wilson Terrance Lane | Grant | 14K | $72.17 |
| 2026-02-19 | Wingo Robert R. | Grant | 19K | $72.17 |
| 2026-02-02 | Wilson Terrance Lane | Sell | 2.0K | $66.39 |
| 2026-01-02 | Wilson Terrance Lane | Sell | 2.0K | $60.11 |
| 2025-12-09 | Wilson Terrance Lane | Sell | 2.0K | $61.90 |
| 2025-12-05 | ARMSTRONG ALAN S | Gift | 12K | — |
| 2025-11-12 | Wilson Terrance Lane | Sell | 4.0K | $60.53 |
| 2025-11-11 | Wilson Terrance Lane | Gift | 4.0K | — |
| 2025-09-04 | Wilson Terrance Lane | Sell | 2.0K | $57.62 |
| 2025-09-04 | Wilson Terrance Lane | Gift | 1.0K | — |
| 2025-08-11 | Larsen Larry C | Sell | 4.5K | $58.47 |
| 2025-08-06 | Wingo Robert R. | Grant | 38K | $58.64 |
| 2025-08-01 | Wilson Terrance Lane | Sell | 2.0K | $59.68 |
| 2025-07-09 | Rinke Todd J. | Grant | 6.0K | $57.85 |
| 2025-07-01 | Zamarin Chad J. | Grant | 17K | $58.72 |
| 2025-07-01 | Wilson Terrance Lane | Sell | 2.0K | $62.70 |
| 2025-06-02 | Wilson Terrance Lane | Sell | 2.0K | $61.21 |
| 2025-05-07 | Larsen Larry C | Grant | 10K | $58.94 |
| 2025-05-01 | Wilson Terrance Lane | Sell | 2.0K | $58.21 |
| 2025-04-29 | Muncrief Richard E | Grant | 3.1K | $59.67 |
| 2025-04-29 | Dore Stacey H | Grant | 3.1K | $59.67 |
| 2025-04-29 | SHEFFIELD SCOTT D | Grant | 3.1K | $59.67 |
| 2025-04-29 | SPENCE WILLIAM H | Grant | 3.1K | $59.67 |
| 2025-04-29 | Tyson Jesse J | Grant | 3.1K | $59.67 |
| 2025-04-29 | Ragauss Peter A | Grant | 3.1K | $59.67 |
| 2025-04-29 | Lockhart Carri A. | Grant | 3.1K | $59.67 |
| 2025-04-29 | ROBESON ROSE M | Grant | 3.1K | $59.67 |
| 2025-04-29 | BERGSTROM STEPHEN W | Grant | 6.5K | $59.67 |
| 2025-04-29 | CREEL MICHAEL A | Grant | 3.1K | $59.67 |
| 2025-04-01 | Wilson Terrance Lane | Sell | 2.0K | $59.53 |
| 2025-04-01 | McCOY THOMAS F | Grant | 9.9K | $60.57 |
| 2025-03-14 | Larsen Larry C | Tax withheld | 9.2K | $57.27 |
| 2025-03-14 | Wilson Terrance Lane | Gift | 2.0K | — |
| 2025-03-12 | Larsen Larry C | Sell | 8.0K | $56.94 |
| 2025-03-07 | Dunn Micheal G. | Sell | 97K | $53.04 |
| 2025-03-04 | Hausman Mary A. | Sell | 8.9K | $57.50 |
| 2025-03-03 | Wilson Terrance Lane | Sell | 2.0K | $58.49 |
| 2025-02-27 | Teply Chad A. | Sell | 26K | $56.46 |
| 2025-02-25 | ARMSTRONG ALAN S | Other | 256K | $57.33 |
| 2025-02-25 | ARMSTRONG ALAN S | Other | 256K | $57.33 |
| 2025-02-24 | Porter John Dean | Tax withheld | 31K | $57.33 |
| 2025-02-24 | Larsen Larry C | Option exercise | 8.0K | $57.33 |
| 2025-02-24 | Larsen Larry C | Tax withheld | 3.6K | $57.33 |
| 2025-02-24 | Larsen Larry C | Tax withheld | 3.0K | $57.33 |
| 2025-02-24 | Zamarin Chad J. | Option exercise | 80K | $57.33 |
| 2025-02-24 | Zamarin Chad J. | Tax withheld | 35K | $57.33 |
| 2025-02-24 | Zamarin Chad J. | Tax withheld | 20K | $57.33 |
| 2025-02-24 | Wilson Terrance Lane | Option exercise | 47K | $57.33 |
| 2025-02-24 | Wilson Terrance Lane | Tax withheld | 21K | $57.33 |
| 2025-02-24 | Wilson Terrance Lane | Tax withheld | 651 | $57.33 |
| 2025-02-24 | Wilson Terrance Lane | Tax withheld | 10K | $57.33 |
| 2025-02-24 | Teply Chad A. | Option exercise | 41K | $57.33 |
| 2025-02-24 | Teply Chad A. | Tax withheld | 18K | $57.33 |
| 2025-02-24 | Teply Chad A. | Tax withheld | 10K | $57.33 |
| 2025-02-24 | Porter John Dean | Option exercise | 71K | $57.33 |
| 2025-02-24 | Porter John Dean | Tax withheld | 976 | $57.33 |
| 2025-02-24 | Porter John Dean | Tax withheld | 16K | $57.33 |
| 2025-02-24 | Dunn Micheal G. | Option exercise | 109K | $57.33 |
| 2025-02-24 | Dunn Micheal G. | Tax withheld | 48K | $57.33 |
| 2025-02-24 | Dunn Micheal G. | Tax withheld | 1.5K | $57.33 |
| 2025-02-24 | Dunn Micheal G. | Tax withheld | 24K | $57.33 |
| 2025-02-24 | Hausman Mary A. | Option exercise | 8.0K | $57.33 |
| 2025-02-24 | Hausman Mary A. | Tax withheld | 3.3K | $57.33 |
| 2025-02-24 | Hausman Mary A. | Tax withheld | 2.6K | $57.33 |
| 2025-02-24 | PICKLE DEBBIE L. | Option exercise | 35K | $57.33 |
| 2025-02-24 | PICKLE DEBBIE L. | Tax withheld | 16K | $57.33 |
| 2025-02-24 | PICKLE DEBBIE L. | Tax withheld | 8.8K | $57.33 |
| 2025-02-24 | ARMSTRONG ALAN S | Option exercise | 329K | $57.33 |
| 2025-02-24 | ARMSTRONG ALAN S | Tax withheld | 145K | $57.33 |
| 2025-02-24 | ARMSTRONG ALAN S | Tax withheld | 52K | $57.33 |
| 2025-02-20 | Teply Chad A. | Grant | 13K | $58.45 |
| 2025-02-20 | Zamarin Chad J. | Grant | 30K | $58.45 |
| 2025-02-20 | Porter John Dean | Grant | 25K | $58.45 |
| 2025-02-20 | Hausman Mary A. | Grant | 4.0K | $58.45 |
| 2025-02-20 | Dunn Micheal G. | Grant | 36K | $58.45 |
| 2025-02-20 | Larsen Larry C | Grant | 13K | $58.45 |
| 2025-02-20 | Ormond Eric J | Grant | 12K | $58.45 |
| 2025-02-20 | Wilson Terrance Lane | Grant | 16K | $58.45 |
| 2025-02-20 | PICKLE DEBBIE L. | Grant | 12K | $58.45 |
| 2025-02-20 | ARMSTRONG ALAN S | Grant | 72K | $58.45 |
| 2025-02-03 | Wilson Terrance Lane | Sell | 2.0K | $54.92 |
| 2025-01-02 | Wilson Terrance Lane | Sell | 2.0K | $54.50 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-20 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-05-04 | Exec/director changeShareholder voteReg FDExhibits | filing ↗ |
| 2026-05-04 | ResultsExhibits | filing ↗ |
| 2026-03-26 | Exec/director changeExhibits | filing ↗ |
| 2026-02-10 | ResultsExhibits | filing ↗ |
| 2026-01-08 | Reg FDOtherExhibits | filing ↗ |
| 2026-01-08 | Material agreementExhibits | filing ↗ |
| 2025-12-01 | Material agreementDebt obligationExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-20 | 2026-05-20 | 0001193125-26-232714 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0000107263-26-000015 ↗ |
| 10-Q | 2026-05-04 | 2026-03-31 | 0000107263-26-000017 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0000107263-26-000013 ↗ |
| 8-K | 2026-03-26 | 2026-03-26 | 0000107263-26-000008 ↗ |
| 10-K | 2026-02-24 | 2025-12-31 | 0000107263-26-000006 ↗ |
| 8-K | 2026-02-10 | 2026-02-10 | 0000107263-26-000003 ↗ |
| 8-K | 2026-01-08 | 2026-01-08 | 0001193125-26-007722 ↗ |
| 8-K | 2026-01-08 | 2026-01-05 | 0001193125-26-007085 ↗ |
| 8-K | 2025-12-01 | 2025-12-01 | 0001193125-25-304001 ↗ |
| 8-K | 2025-11-20 | 2025-11-20 | 0001193125-25-289836 ↗ |
| 10-Q | 2025-11-03 | 2025-09-30 | 0000107263-25-000145 ↗ |