OakChart

Williams Cos Inc

WMBEnergy·Oil & Gas Midstream·USA·Large·NYSE·Nov 11 • 8:59 AM ET

68.68+1.22 (1.80%)
2026-11-11 15:14 CET
Market cap
84,338.49 USD m
Revenue, TTM
12,677.00 USD m
Net income, TTM
3,123.00 USD m
Free cash flow, TTM
-1,683.00 USD m
EPS diluted, TTM
2.54
P/E
27.02
Compare

Price

WMB against its 20, 50 and 200-day averages
2050200beat
65.0070.0075.0080.0010.3M20.6MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26WMBclose 68.6820-day 70.4150-day 71.33200-day 72.6168.68

14.2% under 80.08 on 20 May 2026. Last 15 sessions, 19.3% high to low

Profile

WMB
52-week range, 48% of the way up
58.0980.07

The Williams Cos., Inc. operates as an energy infrastructure company, which explores, produces, transports, sells, and processes natural gas and petroleum products. It operates through the following segments: Transmission and Power and Gulf, Northeast G&P, West, and Gas and NGL Marketing Services. The Transmission and Power and Gulf segment consists of interstate natural gas pipelines, the Transco and Northwest Pipelines, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region. The Northeast G&P segment includes midstream gathering, processing, and fractionation businesses in the Marcellus Shale region primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment consists of gas gathering, processing, and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of south Texas, the Haynesville Shale region of northwest Louisiana, and the Mid-Continent region which includes the Anadarko, Arkoma, and Permian basins. The Gas and NGL Marketing Services segment consists of natural gas marketing and trading operations, which include risk management and transactions related to the storage and transportation of natural gas and NGLs on strategically positioned assets. The company was founded by David Williams and Miller Williams in 1908 and is headquartered in Tulsa, OK.

IndexS&P 500, RUI
Employees5987
IPOJul 02, 1962
Beta0.64
ATR, 14d2.79
Rel volume0.23
Short float2.39%
Insider own0.49%
Inst own90.47%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap85.86B
Enterprise Value123.83B
Income3.12B
Sales12.68B
Book/sh12.55
Cash/sh1.40
Dividend Est.2.11 (3.07%)
Dividend TTM2.08 (3.02%)
Dividend Ex-DateDec 11, 2026
Dividend Gr. 3/5Y5.57% 4.56%
Payout93.69%
Employees5987
IPOJul 02, 1962

Ratios

P/E27.02
Forward P/E26.33
PEG1.96
P/S6.77
P/B5.47
P/C48.89
P/FCF-
EV/EBITDA17.31
EV/Sales9.77
Quick Ratio0.70
Current Ratio0.75
Debt/Eq2.16
LT Debt/Eq2.02
Option/ShortYes / Yes

Earnings

EPS (ttm)2.54
EPS next Y2.61
EPS next Q0.61
EPS this Y16.37%
EPS next Y6.75%
EPS next 5Y13.40%
EPS past 3/5Y8.45% 65.64%
Sales past 3/5Y1.38% 8.91%
EPS Y/Y TTM31.36%
Sales Y/Y TTM9.70%
EPS Q/Q6.98%
Sales Q/Q12.35%
EarningsNov 02 AMC
EPS/Sales Surpr.0.22% 7.64%

Ownership

Insider Own0.49%
Insider Trans-0.64%
Inst Own90.47%
Inst Trans3.16%
ROA4.95%
ROE22.13%
ROIC6.59%
Gross Margin43.41%
Oper. Margin36.80%
Profit Margin24.64%
SMA20-2.46%
SMA50-3.72%
SMA200-5.41%
Trades-

Technical

Shs Outstand1.25B
Shs Float1.24B
Short Float2.39%
Short Ratio3.70
Short Interest29.75M
52W High80.07 -14.24%
52W Low58.09 18.22%
Volatility5.58% 3.96%
ATR (14)2.79
RSI (14)46.10
Beta0.64
Rel Volume0.23
Avg Volume8.05M
Volume94,235

Performance

Perf Week1.20%
Perf Month-7.90%
Perf Quarter-5.97%
Perf Half Y-9.29%
Perf YTD14.25%
Perf Year13.33%
Perf 3Y96.89%
Perf 5Y137.72%
Perf 10Y128.16%
Recom1.44
Target Price86.17
Prev Close67.46
Price68.68
Change %1.80%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 01, 2026InitiatedBBarclaysOverweight$82+19.4%
Sep 22, 2026InitiatedMMeliusBuy$84+22.3%
Sep 22, 2026InitiatedCCapitalOneOverweight$92+34.0%
Sep 10, 2026ResumedSStifelBuy$85+23.8%
May 07, 2026ReiteratedTTD CowenBuy$81 → $87+26.7%
Apr 20, 2026UpgradeGGoldmanNeutral → Buy$82+19.4%
Mar 24, 2026InitiatedTTruistBuy$84+22.3%
Feb 13, 2026UpgradeBScotiabankSector Perform → Sector Outperform$84+22.3%
Nov 06, 2025ReiteratedTTD CowenBuy$69 → $70+1.9%
Oct 09, 2025InitiatedJJefferiesBuy$72+4.8%

Peers

Mkt cap
TickerCompanyMkt cap
KMIKinder Morgan Inc70.17B
TRPTC Energy Corp66.12B
ETEnergy Transfer LP67.40B
DTMDT Midstream Inc12.13B
ENBEnbridge Inc107.50B
EPDEnterprise Products Partners L P80.87B
OKEOneok Inc56.13B
MPLXMPLX LP57.86B
TRGPTarga Resources Corp61.10B
PAAPlains All American Pipeline LP16.91B

Insider trading

latest 14 of 54
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Wilson Terrance LaneSVP & General CounselNov 02 '26Sale74.172,000148,340260,259Nov 03 10:46 AM
Wilson Terrance LaneOfficerNov 02 '26Proposed Sale74.172,000148,340Nov 02 10:34 AM
Wilson Terrance LaneSVP & General CounselOct 01 '26Sale67.852,000135,700262,259Oct 02 12:27 PM
Wilson Terrance LaneOfficerOct 01 '26Proposed Sale67.852,000135,700Oct 01 10:16 AM
Wilson Terrance LaneSVP & General CounselSep 01 '26Sale75.562,000151,120264,259Sep 02 02:25 PM
Wilson Terrance LaneOfficerSep 01 '26Proposed Sale75.562,000151,120Sep 01 11:40 AM
Wilson Terrance LaneSVP & General CounselAug 14 '26Sale74.8713,000973,317268,159Aug 17 02:39 PM
Wilson Terrance LaneOfficerAug 14 '26Proposed Sale74.8713,000973,316Aug 14 04:12 PM
THE WILLIAMS COMPANIES FNDN, ICompany FoundationAug 05 '26Proposed Sale71.79145,00010,410,232Aug 05 04:25 PM
Wilson Terrance LaneSVP & General CounselAug 03 '26Sale70.652,000141,300281,159Aug 04 02:49 PM
Wilson Terrance LaneOfficerAug 03 '26Proposed Sale70.652,000141,300Aug 03 12:55 PM
Wilson Terrance LaneSVP & General CounselJul 01 '26Sale74.162,000148,320283,159Jul 02 10:14 AM
Wilson Terrance LaneOfficerJul 01 '26Proposed Sale74.162,000148,320Jul 01 02:38 PM
Porter John DeanEVP & CFOJun 25 '26Option Exercise24.981,89947,437198,466Jun 26 01:59 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
XLEState Street Energy Select Sector SPDR ETFAUM: 40.93B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
VTVVanguard Morningstar Value ETFAUM: 196.23B
VDEVanguard Energy ETFAUM: 10.46B
VYMVanguard High Dividend Yield Indx ETFAUM: 83.15B
MLPXGlobal X MLP & Energy Infrastructure ETFAUM: 3.53B

News

latest 14 of 206
  • Refining Margins Widen and LNG Equipment Orders Land as WTI Settles Near $96 (PR Newswire) -6.36%
  • Williams Misses The Whisper On A Record Quarter As Build-Out Costs And JV Dilution Cap EPS; Reaffirmed Guidance Shifts The Burden To Power Deals (Earnings Whispers)
  • AI Data Center Jitters Aren't Slowing Williams' Power Generation Ambitions (Barrons.com)
  • What the Midterms Will Mean for Wall Street and Trump's Agenda (Barrons.com)
  • Williams Q3 Profit Rises 8% as Natural Gas Expansion Accelerates (Oilprice.com)
  • Loading…
  • Williams Delivers Strong Third-Quarter 2026 Results (Business Wire)
  • Williams Announces Quarterly Cash Dividend (Business Wire)
  • Williams Must Prove Its Raised Growth Ambitions Can Survive Weak Gas Prices And Leverage (Earnings Whispers)
  • Williams to Report Third-Quarter 2026 Financial Results on Nov. 2; Earnings Conference Call and Webcast Scheduled for Nov. 3 (Business Wire)
  • Top Stock Reports for Visa, Intuitive Surgical & Williams Companies (Zacks)
  • Pipelines Are Pumping AI's Power. Two Winners to Buy. (Barrons.com)
  • 3 Stocks Put Traders Are Targeting Today: EXE, APH, WMB (Schaeffer's Research)
  • At $100 Oil, the Deal Flow Moved to Pipelines and Producing Wells (PR Newswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-020.5400.5390.5603,2232,99419
2026Q22026-08-030.5000.5020.6753,0532,82819
2026Q12026-05-040.7300.6340.7053,0303,28018
2025Q42026-02-100.5500.5730.5983,1983,01818
2025Q32025-11-030.4900.5070.5272,9232,87715
2025Q22025-08-040.4600.4800.4462,7812,72815
2025Q12025-05-050.6000.5670.5633,0482,94214
2024Q42025-02-120.4700.4570.3962,7432,68213
2024Q32024-11-060.4300.4190.5772,6532,52413
2024Q22024-08-050.4300.3830.3282,3362,45713
2024Q12024-05-060.5900.4870.5162,7712,68714
2023Q42024-02-140.4800.4500.9302,7842,64512
2023Q32023-11-010.4500.4080.5352,5592,63214
2023Q22023-08-020.4200.3870.3772,4832,66211
2023Q12023-05-030.5600.4700.7553,0812,62111
2022Q42023-02-200.5300.4990.5462,9302,91610

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY0.9900.9150.6988,2018,177
2020FY1.1001.1320.1717,7197,659
2021FY1.3601.2101.24310,6279,996
2022FY1.8201.6961.67310,96511,101
2023FY1.9102.0092.59810,90710,739
2024FY1.9201.9091.81710,50310,442
2025FY2.1002.1212.14011,95011,423
2026FY-2.444--12,544
2027FY-2.609--14,585
2028FY-3.062--16,861
2029FY-3.532--18,977
2030FY-4.478--23,183

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-037403,3883,1203,540
2026Q4S2026-11-027403,3423,1203,540
2026Q4S2026-10-147403,3423,1203,540
2026Q4S2026-10-127313,3103,1173,540
2026Q4S2026-10-097213,3013,0793,540
2026Q4S2026-09-287213,2753,0793,478
2026Q4S2026-09-227213,2793,0793,478
2026Q4S2026-09-036213,2663,0793,478
2026Q4S2026-08-147123,2083,0793,478
2026Q4S2026-08-128123,1242,5383,478
2026Q4S2026-08-047133,1252,5383,478
2026Q4S2026-07-319043,1272,5383,478
2026Q4S2026-07-239033,1452,5383,478
2026Q4S2026-07-219033,1472,5383,478

Estimate history

EPS, annual2.62-0.160.6980.1711.2431.6732.5981.8172.1352.5419
Period201720182019202020212022202320242025TTM
EPS, quarterly0.5770.3960.5630.4460.5270.5980.7050.6750.564
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual803186868201771910572113529951107531183012677
Period201720182019202020212022202320242025TTM
Sales, quarterly264828603059277028673108338929593221
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual826121012121213121512181217121912221251
Period201720182019202020212022202320242025MRQ
Shares, quarterly121912191221122112221222122312231251
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue12,677.0011,830.0010,753.009,951.0011,352.0010,572.007,719.008,201.008,686.00
Cost of Goods Sold Incl. D&A7,174.006,923.006,583.006,102.007,397.007,467.004,695.005,269.006,100.00
Gross Profit5,503.004,907.004,170.003,849.003,955.003,105.003,024.002,932.002,586.00
Selling, General and Administrative Excl. Other838.00719.00693.00642.00628.00552.00466.00552.00549.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income4,665.004,188.003,477.003,207.003,327.002,553.002,558.002,380.002,037.00
Interest Expense1,503.001,442.001,364.001,236.001,147.001,179.001,172.001,186.001,112.00
Unusual Expense148.0064.00382.00-1,171.00257.008.001,415.00685.001,950.00
Net Income Before Taxes4,297.003,625.002,986.004,405.002,542.002,073.00277.001,064.00331.00
Income Taxes969.00857.00640.001,005.00425.00511.0079.00335.00138.00
Consolidated Net Income3,328.002,768.002,346.003,400.002,117.001,562.00198.00729.00193.00
Net Income From Continuing Operations3,126.002,618.002,225.003,276.002,049.001,517.00211.00865.00-155.00
Net Income3,123.002,615.002,222.003,176.002,046.001,514.00208.00847.00-156.00
EPS (Recurring)2.602.172.041.931.821.250.991.091.24
EPS (Basic, Before Extraordinaries)2.552.141.822.611.681.250.170.70-0.16
EPS (Diluted)2.542.131.822.601.671.240.170.70-0.16
EBITDA7,152.006,631.005,777.005,337.005,387.004,440.004,314.004,115.003,795.00
Non-Operating Income (Expense)1,283.00943.001,255.001,263.00619.00707.00306.00555.001,356.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense-71.0075.0030.0296.0080.0037.2361.0048.19
Price To Earnings Ratio26.5426.5423.0215.7320.0820.92117.4633.99-
Price To Sales Ratio6.646.226.164.283.543.003.163.512.47
Gross Margin43.4141.4838.7838.6834.8429.3739.1835.7529.77
Operating Margin36.8035.4032.3432.2329.3124.1533.1429.0223.45
Net Margin24.6422.1020.6631.9218.0214.322.6910.33-1.80
Shares Outstanding1,251.001,222.001,219.001,217.001,218.001,215.001,213.001,212.001,210.00
Market Capitalization84,338.4984,338.4965,972.8242,370.6940,083.3931,639.3824,332.4828,749.8326,692.41

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue3,221.002,959.003,389.003,108.002,867.002,770.003,059.002,860.00
Cost of Goods Sold Incl. D&A1,917.001,729.001,731.001,797.001,653.001,715.001,732.001,774.00
Gross Profit1,304.001,230.001,658.001,311.001,214.001,055.001,327.001,086.00
Selling, General and Administrative Excl. Other275.00180.00193.00190.00168.00168.00194.00187.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,029.001,050.001,465.001,121.001,046.00887.001,133.00899.00
Interest Expense385.00371.00376.00371.00372.00350.00349.00338.00
Unusual Expense-22.00-140.00225.0085.00-47.00-36.0032.00158.00
Net Income Before Taxes988.001,136.001,156.001,017.00929.00757.00922.00608.00
Income Taxes221.00260.00244.00244.00246.00174.00193.0091.00
Consolidated Net Income767.00876.00912.00773.00683.00583.00729.00517.00
Net Income From Continuing Operations700.00827.00865.00734.00647.00546.00691.00486.00
Net Income699.00827.00864.00733.00646.00546.00690.00485.00
EPS (Recurring)0.550.600.830.650.500.430.580.49
EPS (Basic, Before Extraordinaries)0.560.680.710.600.530.450.570.40
EPS (Diluted)0.560.680.700.600.530.450.560.40
EBITDA1,675.001,666.002,072.001,739.001,633.001,516.001,742.001,489.00
Non-Operating Income (Expense)322.00317.00292.00352.00208.00184.00170.00205.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense18.9612.6426.07-24.0017.0019.7532.00
Price To Earnings Ratio26.5432.6634.1031.1031.9633.6932.8923.02
Price To Sales Ratio6.647.397.356.246.726.786.636.16
Gross Margin40.4841.5748.9242.1842.3438.0943.3837.97
Operating Margin31.9535.4843.2336.0736.4832.0237.0431.43
Net Margin21.7027.9525.4923.5822.5319.7122.5616.96
Shares Outstanding1,251.001,223.001,223.001,222.001,222.001,221.001,221.001,219.00
Market Capitalization84,338.4990,917.8288,905.1473,407.5377,361.7576,691.6472,948.4365,972.82

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments63.0060.002,150.00152.001,680.00142.00289.00168.00899.00
Short Term Receivables2,084.001,863.001,655.002,723.001,978.00999.00996.00992.00976.00
Inventories314.00279.00274.00320.00379.00136.00125.00130.00113.00
Other Current Assets783.00459.00434.00602.00512.00152.00170.00174.00191.00
Total Current Assets3,244.002,661.004,513.003,797.004,549.001,429.001,580.001,464.002,179.00
Net Property, Plant & Equipment42,166.0038,846.0034,470.0031,051.0029,417.0029,111.0029,407.0027,504.0028,211.00
Total Investments and Advances4,559.004,140.004,637.005,065.005,127.005,159.006,235.007,821.006,552.00
Intangible Assets6,763.007,209.007,593.007,363.007,402.007,444.007,959.007,767.008,791.00
Deferred Tax Assets1,901.002,051.001,581.002,206.002,147.002,052.001,632.001,118.00437.00
Other Assets1,841.001,676.001,414.001,157.001,117.001,022.00859.00746.00619.00
Total Assets60,474.0056,583.0054,208.0050,639.0049,759.0046,217.0047,672.0046,420.0046,789.00
Short Term Debt Incl. Current Port. of LT Debt2,077.002,201.003,086.001,002.002,048.00921.002,161.0047.00501.00
Accounts Payable2,224.001,613.001,379.002,327.001,746.00482.00552.00662.00978.00
Other Current Liabilities1,805.001,498.001,365.001,561.001,178.00916.001,255.001,102.001,167.00
Total Current Liabilities6,106.005,312.005,830.004,890.004,972.002,319.003,968.001,811.002,646.00
Long Term Debt27,467.0024,878.0023,524.0022,075.0021,791.0021,612.0020,336.0022,367.0020,434.00
Provision for Risks Charges0.000.000.000.000.001,159.001,117.00968.00946.00
Deferred Tax Liabilities7,071.006,427.005,427.005,093.004,600.003,975.003,414.002,642.003,584.00
Other Liabilities4,835.005,126.004,536.004,536.004,295.002,569.002,473.002,635.003,004.00
Total Liabilities45,479.0041,743.0039,317.0036,594.0035,658.0031,634.0031,308.0030,423.0030,614.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value35.0035.0035.0035.0035.0035.0035.0035.000.00
Common Equity12,772.0012,401.0012,367.0011,450.0011,388.0011,734.0013,328.0014,625.009,656.00
Total Shareholders Equity12,807.0012,436.0012,402.0011,485.0011,423.0011,769.0013,363.0014,660.009,656.00
Accumulated Minority Interest2,188.002,404.002,489.002,560.002,678.002,814.003,001.001,337.006,519.00
Total Equity14,995.0014,840.0014,891.0014,045.0014,101.0014,583.0016,364.0015,997.0016,175.00
Total Liabilities & Stockholders Equity60,474.0056,583.0054,208.0050,639.0049,759.0046,217.0047,672.0046,420.0046,789.00
Book Value Per Share10.4510.1710.169.409.379.6711.0012.0911.69
Tangible Book Value Per Share4.924.263.923.363.283.544.435.671.05
Full-Time Employees5,9875,8295,6015,0434,7834,7394,8125,3225,425
Price to Book Ratio5.385.323.593.552.782.072.161.825.63
Return on Assets4.474.026.254.083.160.451.84-0.334.59
Return on Equity20.7417.9227.4317.8913.081.686.17-1.2730.41
Return on Invested Capital6.505.968.856.114.570.632.52-0.427.22
Quick Ratio0.480.450.730.710.840.560.370.740.78
Current Ratio0.530.500.770.780.910.620.400.810.82

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income3,328.002,768.002,346.003,303.002,117.001,562.00198.00714.00193.00
Depreciation2,389.002,347.002,219.002,071.002,009.001,842.001,721.001,714.001,725.00
Other Funds (Non Cash)-31.00203.00429.00-475.00711.00341.001,792.00898.001,389.00
Funds from Operations6,704.006,062.005,500.005,850.005,268.004,254.003,819.003,702.003,527.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-644.00-164.00-526.0088.00-379.00-309.00-323.00-9.00-234.00
Cash from Operating Activities6,060.005,898.004,974.005,938.004,889.003,945.003,496.003,693.003,293.00
Capital Expenditures-7,743.00-4,999.00-2,678.00-2,567.00-2,283.00-1,247.00-1,275.00-2,149.00-3,263.00
Net Assets From Acquisitions-2,816.00-1.00-2,244.00-1,568.00-933.00-151.000.00-730.000.00
Sale of Fixed Assets and Businesses4,380.0036.0036.00364.0018.009.007.0036.001,311.00
Purchase or Sale of Investments-469.00-511.0047.00-141.00-166.00-114.00-325.0032.00-1,132.00
Purchase of Investments-475.00-511.00-114.00-141.00-166.00-115.00-325.00-453.00-1,132.00
Sale Or Maturity of Investments6.000.00161.000.000.001.000.00485.000.00
Other Uses0.000.000.000.00-5.00-5.000.00-32.00-37.00
Other Sources152.0022.0012.0039.0012.0052.0042.0052.00411.00
Cash from Investing Activities-6,496.00-5,453.00-4,827.00-3,873.00-3,357.00-1,456.00-1,551.00-2,791.00-2,710.00
Cash Dividends Paid-2,550.00-2,442.00-2,316.00-2,179.00-2,071.00-1,992.00-1,941.00-1,842.00-1,386.00
Change in Capital Stock13.009.0010.00-124.0054.009.009.0010.0015.00
Repurchase of Common Pref Stock0.000.000.00-130.000.000.000.000.000.00
Sale of Common Pref Stock13.009.0010.006.0054.009.009.0010.0015.00
Proceedsfrom Stock Options13.009.0010.006.0054.009.009.0010.0015.00
Issuance or Reduction of Debt, Net5,015.002,313.00347.002,470.00-793.001,235.0038.00-146.00694.00
Change in Long Term Debt5,186.002,068.00616.002,098.00-1,138.001,235.0038.00-142.00696.00
Issuance of Long Term Debt7,417.004,895.003,562.002,732.001,738.002,129.003,879.00767.003,900.00
Reduction of Long Term Debt-2,231.00-2,827.00-2,946.00-634.00-2,876.00-894.00-3,841.00-909.00-3,204.00
Net Financing Active Other Cash Flow-356.00-322.00-278.00-234.00-250.00-203.00-198.001,197.00-637.00
Other Financing Activities Uses-356.00-322.00-278.00-234.00-250.00-203.00-198.00-137.00-637.00
Cash from Financing Activities2,122.00-442.00-2,237.00-67.00-3,060.00-951.00-2,092.00-781.00-1,314.00
Net Change in Cash1,686.003.00-2,090.001,998.00-1,528.001,538.00-147.00121.00-731.00
Free Cash Flow-1,683.00899.002,296.003,371.002,606.002,698.002,221.001,544.0030.00
Price to Free Cash Flow---35.7375.1944.9387.01--
Deferred Taxes & Investment Tax Credit-744.00506.00951.00431.00509.00108.00376.00220.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments1,756.00203.00950.0063.0070.00903.00
Short Term Receivables2,098.001,968.001,676.002,084.001,480.001,563.00
Inventories319.00335.00262.00314.00339.00335.00
Other Current Assets559.00617.00432.00783.00382.00420.00
Total Current Assets4,732.003,123.003,320.003,244.002,271.003,221.00
Net Property, Plant & Equipment52,531.0044,410.0043,134.0042,166.0040,385.0039,773.00
Total Investments and Advances4,507.004,515.004,520.004,559.004,188.004,209.00
Intangible Assets6,972.006,577.006,670.006,763.007,004.007,100.00
Deferred Tax Assets---1,901.00--
Other Assets1,938.001,985.001,925.001,841.001,888.001,838.00
Total Assets70,680.0060,610.0059,569.0060,474.0055,736.0056,141.00
Short Term Debt Incl. Current Port. of LT Debt2,202.002,672.00248.002,077.002,398.002,969.00
Accounts Payable2,441.002,220.002,271.002,224.001,406.001,414.00
Other Current Liabilities1,680.001,654.001,487.001,805.001,573.001,629.00
Total Current Liabilities6,323.006,546.004,006.006,106.005,377.006,012.00
Long Term Debt31,732.0028,121.0030,054.0027,467.0025,589.0025,603.00
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities5,940.005,596.005,405.007,071.004,826.004,563.00
Other Liabilities5,191.004,979.004,942.004,835.005,084.005,158.00
Total Liabilities49,186.0045,242.0044,407.0045,479.0040,876.0041,336.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value35.0035.0035.0035.0035.0035.00
Common Equity15,698.0013,155.0012,957.0012,772.0012,485.0012,403.00
Total Shareholders Equity15,733.0013,190.0012,992.0012,807.0012,520.0012,438.00
Accumulated Minority Interest5,761.002,178.002,170.002,188.002,340.002,367.00
Total Equity21,494.0015,368.0015,162.0014,995.0014,860.0014,805.00
Total Liabilities & Stockholders Equity70,680.0060,610.0059,569.0060,474.0055,736.0056,141.00
Book Value Per Share12.5510.7610.5910.4510.2210.16
Tangible Book Value Per Share6.985.385.144.924.494.34
Full-Time Employees---5,987--
Price to Book Ratio5.387.026.965.886.246.16
Return on Assets4.955.264.884.474.334.48
Return on Equity22.1323.9821.9220.7419.0019.64
Return on Invested Capital1.472.002.011.821.701.44
Quick Ratio0.700.430.760.480.360.48
Current Ratio0.750.480.830.530.420.54

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income767.00876.00912.00773.00683.00583.00
Depreciation620.00592.00584.00593.00564.00605.00
Other Funds (Non Cash)-4.00-188.00129.0032.007.0098.00
Funds from Operations1,607.001,537.001,860.001,700.001,510.001,365.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-102.00-161.00-257.00-124.00-71.0085.00
Cash from Operating Activities1,505.001,376.001,603.001,576.001,439.001,450.00
Capital Expenditures-2,489.00-1,834.00-1,359.00-2,061.00-954.00-972.00
Net Assets From Acquisitions-2,816.000.000.000.000.000.00
Sale of Fixed Assets and Businesses3,861.008.00417.0094.00-37.00-26.00
Purchase or Sale of Investments-65.00-56.00-29.00-319.00-13.00-16.00
Purchase of Investments-65.00-62.00-29.00-319.00-13.00-16.00
Sale Or Maturity of Investments0.006.000.000.000.000.00
Other Uses0.000.000.000.000.000.00
Other Sources44.008.0087.0013.00-1.004.00
Cash from Investing Activities-1,465.00-1,874.00-884.00-2,273.00-1,005.00-1,010.00
Cash Dividends Paid-656.00-642.00-642.00-610.00-611.00-611.00
Change in Capital Stock5.000.008.000.004.000.00
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock5.000.008.000.004.000.00
Proceedsfrom Stock Options5.000.008.000.004.000.00
Issuance or Reduction of Debt, Net2,236.00478.00936.001,365.00-591.001,039.00
Change in Long Term Debt2,712.003.001,635.00836.00-761.001,361.00
Issuance of Long Term Debt2,730.0013.002,744.001,930.00-3.001,483.00
Reduction of Long Term Debt-18.00-10.00-1,109.00-1,094.00-758.00-122.00
Net Financing Active Other Cash Flow-72.00-85.00-134.00-65.00-69.00-65.00
Other Financing Activities Uses-72.00-85.00-134.00-65.00-69.00-65.00
Cash from Financing Activities1,513.00-249.00168.00690.00-1,267.00363.00
Net Change in Cash1,553.00-747.00887.00-7.00-833.00803.00
Free Cash Flow-984.00-458.00244.00-485.00485.00478.00

Revenue breakdown

Energy Commodities and Service2024: -250.00M 2025: 120.00M
NonRegulated Service Commodity Consideration2024: 134.00M 2025: 192.00M
Product2024: 2.99B 2025: 3.29B
Service2024: 7.63B 2025: 8.35B
United States2024: 10.50B 2025: 11.95B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.39%29.8M1244.1M7.50M
2026-10-152.19%26.6M1217.2M7.28M
2026-09-302.23%27.2M1217.2M7.03M
2026-09-151.97%24.0M1217.2M7.37M
2026-08-312.15%26.2M1217.2M7.08M
2026-08-141.98%24.1M1217.2M6.97M
2026-07-312.18%26.5M1217.2M7.03M
2026-07-151.68%20.5M1217.1M6.91M
2026-06-302.01%24.5M1217.1M6.84M
2026-06-151.94%23.6M1216.2M6.27M
2026-05-291.78%21.7M1217.1M6.40M
2026-05-151.67%20.3M1217.1M6.37M
2026-04-301.53%18.6M1217.1M6.89M
2026-04-151.42%17.3M1217.6M7.15M
2026-03-311.33%16.1M1216.6M7.39M
2026-03-131.27%15.5M1215.3M7.28M
2026-02-271.17%14.2M1215.3M7.23M
2026-02-131.26%15.3M1215.3M7.33M
2026-01-301.34%16.3M1215.2M7.12M
2026-01-151.25%15.2M1215.2M7.17M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call40.000.000.000.00-0.000.00---
call45.000.000.000.00-0.000.00---
call50.000.000.000.00-0.000.00---
call53.000.000.0014.76-2.000.00---
call54.000.000.0013.83-2.000.00---
call55.000.000.0012.82-4.000.00---
call56.000.000.0011.89-5.000.00---
call57.000.000.008.97-2.000.00---
call58.000.000.009.64-11.000.00---
call59.000.000.008.72-11.000.00---
call60.000.000.007.65-11.000.00---
call61.000.000.006.73-11.000.00---
call62.000.000.005.45-3.000.00---
call63.000.000.003.00-7.000.00---
call64.000.000.001.60-39.000.00---
call65.000.000.002.50-1140.00---
call66.000.000.001.28-1250.00---
call67.000.000.001.24-1490.00---
call68.000.000.000.77-2040.00---
call69.000.000.000.38-1480.00---
call70.000.000.000.20-1930.00---
call71.000.000.000.08-11.000.00---
call72.000.000.000.04-42.000.00---
call73.000.000.000.05-3760.00---
call74.000.000.000.34-87.000.00---
call75.000.000.000.10-7480.00---
call76.000.000.000.05-1050.00---
call77.000.000.000.38-3580.00---
call78.000.000.000.05-36.000.00---
call79.000.000.000.85-2090.00---
call80.000.000.000.15-16.000.00---
call81.000.000.000.16-2640.00---
call82.000.000.000.10-30.000.00---
call83.000.000.000.27-1.000.00---
call84.000.000.000.16-10.000.00---
call85.000.000.000.09-10.000.00---
call86.000.000.000.00-0.000.00---
call90.000.000.000.00-0.000.00---
put40.000.000.000.00-0.000.00---
put45.000.000.000.00-0.000.00---
put50.000.000.000.00-0.000.00---
put53.000.000.000.00-0.000.00---
put54.000.000.000.00-0.000.00---
put55.000.000.000.00-0.000.00---
put56.000.000.000.00-0.000.00---
put57.000.000.000.00-0.000.00---
put58.000.000.000.00-0.000.00---
put59.000.000.000.00-0.000.00---
put60.000.000.000.20-4.000.00---
put61.000.000.000.20-63.000.00---
put62.000.000.000.07-4490.00---
put63.000.000.000.40-1310.00---
put64.000.000.000.20-4,2520.00---
put65.000.000.000.15-2950.00---
put66.000.000.000.40-3580.00---
put67.000.000.000.60-1840.00---
put68.000.000.001.07-1630.00---
put69.000.000.002.29-2930.00---
put70.000.000.002.68-31.000.00---
put71.000.000.006.82-9.000.00---
put72.000.000.004.35-68.000.00---
put73.000.000.008.55-9.000.00---
put74.000.000.008.20-0.000.00---
put75.000.000.007.65-0.000.00---
put76.000.000.008.43-0.000.00---
put77.000.000.000.00-0.000.00---
put78.000.000.000.00-0.000.00---
put79.000.000.0013.37-0.000.00---
put80.000.000.0012.87-1.000.00---
put81.000.000.0013.79-2.000.00---
put82.000.000.0014.45-2.000.00---
put83.000.000.0015.38-2.000.00---
put84.000.000.0016.75-1.000.00---
put85.000.000.0017.68-1.000.00---
put86.000.000.0018.70-1.000.00---
put90.000.000.000.00-0.000.00---

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-034Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-11-02144Filing for proposed sale of securities under Rule 144.SEC
2026-11-028-KCurrent report2026-11-02SEC
2026-11-02424B2SEC
2026-11-02S-3ASRAutomatic shelf registration statement of securities of well-known seasoned issuersSEC
2026-11-0210-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-028-KCurrent report2026-11-02SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-01144Filing for proposed sale of securities under Rule 144.SEC
2026-09-11SDSpecialized Disclosure ReportSEC
2026-09-108-KCurrent report2026-09-10SEC
2026-09-108-KCurrent report2026-09-08SEC
2026-09-09424B2SEC
2026-09-09FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-09-08424B5SEC
2026-09-038-KCurrent report2026-09-03SEC
2026-09-03424B2SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-01144Filing for proposed sale of securities under Rule 144.SEC
2026-08-218-KCurrent report2026-08-21SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-14144Filing for proposed sale of securities under Rule 144.SEC
2026-08-104Statement of changes in beneficial ownership of securities2026-08-06SEC
2026-08-074Statement of changes in beneficial ownership of securities2026-08-05SEC
2026-08-074Statement of changes in beneficial ownership of securities2026-08-05SEC
2026-08-05144Filing for proposed sale of securities under Rule 144.SEC
2026-08-044Statement of changes in beneficial ownership of securities2026-08-04SEC
2026-08-044Statement of changes in beneficial ownership of securities2026-08-04SEC
2026-08-044Statement of changes in beneficial ownership of securities2026-08-04SEC
2026-08-044Statement of changes in beneficial ownership of securities2026-08-04SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-1100148.34K1
2026-1000135.70K1
2026-0900151.12K1
2026-08001.11M2
2026-0700148.32K1
2026-0600142.60K1
2026-05005.03M4
2026-0400143.50K1
2026-0300910.28K3
2026-02002.86M3
2026-010000
2025-1200123.80K1
2025-1100242.12K1

Institutional holders

Manager% owned
BlackRock, Inc.9.44%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
STATE STREET CORP5.89%
BANK OF AMERICA CORP /DE/3.65%
VANGUARD PORTFOLIO MANAGEMENT LLC3.56%
WELLINGTON MANAGEMENT GROUP LLP2.71%
MORGAN STANLEY2.60%
GEODE CAPITAL MANAGEMENT, LLC2.47%
Clearbridge Investments, LLC1.98%
JPMORGAN CHASE & CO1.75%

Funds

Fund% owned
Fidelity SAI Total Bond Fund2.86%
Fidelity Total Bond Fund2.68%
Fidelity Series Investment Grade Bond Fund1.72%
Permanent Portfolio1.31%
Fidelity 500 Index Fund1.30%
Touchstone Strategic Trust-Touchstone Flexible Income Fund0.85%
Fidelity Investment Grade Bond Fund0.81%
Fidelity Investment Grade Bond Central Fund0.60%
Baird Aggregate Bond Fund0.57%
Baird Intermediate Bond Fund0.54%

OakChart. WMB. Cached 15 minutes.