WMB at a glance
Williams Companies (WMB, SEC CIK 107263) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 3, 2026, an 8-K current report on September 10, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Williams Companies (WMB) reported revenue of $14.9 billion (up 17.9% from FY2024) and net income of $2.6 billion. Diluted EPS was $2.14.
- As of June 30, 2026, 54 institutional investment managers tracked by SignalX reported holding Williams Companies (WMB) shares worth $41.5 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Wilson Terrance Lane on October 1, 2026 of 2,000 shares at $67.85 per share.
- In the last 90 days, WMB insiders reported 0 open-market purchases ($0) and 5 open-market sales ($1.4M) on Form 4, a net sale of $1.4M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $14.9B
- +17.9% vs prior year
- Insiders · 90 days
- 0 buys · 5 sells
- Net −$1.4M
- 13F holders
- 54 funds
- $41.5B · +2 vs prior quarter
- Latest 8-K
- Sep 10, 2026
- Item 7.01 · Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Natural gas infrastructure operator: G&P, interstate transmission/storage, NGL fractionation, and marketing across 32,000+ pipeline miles serving ~800 customers
- New LNG-adjacent push: Oct 2025 acquired 10% equity in Louisiana LNG export facility and 80% in Driftwood Pipeline (Line 200); expected in-service 2029
- Power sector pivot: 1.9 GW of onsite natural gas/power generation infrastructure for data centers in Ohio and Utah, backed by up to 12.5-year fixed-price agreements, in-service 2026–2028
- West segment gathering volumes up to 6.09 Bcf/d in 2025 vs 5.46 Bcf/d in 2024, driven by Louisiana Energy Gateway placed in-service July/Aug 2025 and Haynesville expansion completed Sep 2025
- Haynesville upstream exit: sold interests for $398M (closed Jan 30, 2026), reversing prior strategy of holding producing properties to anchor midstream volumes
Management Discussion & Analysis
- Total revenues $11.95B in 2025 vs $10.50B in 2024, up $1.45B; service revenues +$720M (+9% YoY) to $8.35B
- Net income attributable to Williams $2.62B vs $2.23B in 2024 (+18% YoY); operating income $4.20B vs $3.34B; no margin % disclosed in text
- Best segment: Transmission, Power & Gulf Modified EBITDA $3.72B vs $3.27B (+$447M); worst: West Modified EBITDA $1.24B vs $1.31B (-$74M) due to $212M asset impairment
- Operating cash flow $5.90B; capex $4.89B; common dividends paid $2.44B; no share buybacks in 2025; $511M invested in equity-method investments including Cogentrix and Louisiana LNG
- 2026 growth capex guided $6.1B–$6.7B; key risks include recession, permitting delays, inflation/tariffs, and supply chain disruptions; Power Innovation projects (Socrates, Apollo, Aquila) represent major near-term growth driver
Risk Factors
- FERC regulatory risk: interstate pipeline rates, certifications, and market manipulation rules under FERC oversight; successful shipper challenges could materially cut revenues
- Tariff/trade exposure: steel and steel pipe tariffs on foreign-made materials directly threaten construction budgets for capital projects and power innovation builds
- Customer concentration: NWP's largest customer Puget Sound Energy accounts for ~31% of NWP operating revenue; loss would be severely material
- Leverage risk: total long-term debt $29.4B as of Dec 31, 2025, including $5.9B at Transco and $748M at NWP, with covenant restrictions on distributions and asset sales
- Data center/power innovation execution risk: rapidly changing technology makes future power demand of data center customers difficult to predict, risking stranded assets
AI summary of the WMB 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue $3,053M vs $2,781M YoY, up $272M
- Net income attributable to Williams $827M vs $546M, up $281M YoY
- Operating income $1,182M vs $945M YoY, up $237M
- Brazos Permian II sale generated $127M gain; South Mansfield sale generated $12M second-quarter gain
- 2026 growth capital and investment guidance $7.3B–$7.9B, excluding acquisitions; Momentum acquisition consideration up to $5.5B
Risk Factors
- No risk-factors section provided; changes from the most recent 10-K cannot be assessed
- Acquisition risk: M6 Midstream transaction remains subject to customary conditions before closing
- Equity issuance risk: 26,874,496 shares committed as acquisition consideration under Section 4(a)(2) exemption
- Capital-allocation risk: $1.5 billion repurchase authorization remains available, with $1,360,938,325 unutilized
- Insider-trading compliance: no directors or officers adopted or terminated Rule 10b5-1 arrangements during the quarter
AI summary of the WMB 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Exhibit 99.1 furnished under Regulation FD, making disclosed information publicly available to investors
- Disclosure not subject to Section 18 liability or incorporated by reference into Securities Act or Exchange Act filings
Item EX-99.1: Item EX-99.1
- $2.75B senior-notes offering across maturities from 2029 to 2056
- Coupon rates range from 5.000% to 6.400%, creating long-term fixed-rate debt obligations
Item 8.01: Other Events
- $2.75B senior-notes offering across 2029, 2033, 2036 and 2056 maturities
- Coupon rates range from 5.000% to 6.400%, creating substantial fixed interest obligations
Item 1.01: Entry into a Material Definitive Agreement
- $2.75B senior unsecured debt issuance across four maturities, expanding Williams’ financing capacity
- Coupon rates range from 5.000% for 2029 Notes to 6.400% for 2056 Notes
Item 8.01: Other Events
- Resale registration for up to 26,874,496 WMB common shares by named selling securityholders
- Existing Form S-3 shelf enables registered secondary-market sales, not new capital for Williams
AI summaries of WMB 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for WMB
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- Fund moves. Which tracked funds opened, added or cut WMB, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Wilson Terrance Lane | Sell | Oct 1, 2026 | 2,000 | $67.85 |
| Wilson Terrance Lane | Sell | Sep 1, 2026 | 2,000 | $75.56 |
| Wilson Terrance Lane | Sell | Aug 14, 2026 | 2,800 | $74.84 |
| Wilson Terrance Lane | G | Aug 14, 2026 | 100 | - |
| Wilson Terrance Lane | Sell | Aug 14, 2026 | 10,200 | $74.88 |
| Wilson Terrance Lane | G | Aug 14, 2026 | 1,900 | - |
| Wingo Robert R. | F | Aug 6, 2026 | 8,226 | $71.76 |
| Turner Robb E | A | Aug 5, 2026 | 2,785 | $71.81 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $12.6B | $14.9B |
| Operating Income | $4.3B | $3.3B | $4.2B |
| Net Income | $3.2B | $2.2B | $2.6B |
| Op. Margin | - | 26.4% | 28.2% |
| Net Margin | - | 17.6% | 17.6% |
| Balance Sheet | |||
| Total Assets | - | $54.5B | $58.6B |
| Equity | - | $12.4B | $12.8B |
| ROE | - | 17.9% | 20.4% |
| Per Share | |||
| EPS | - | $1.82 | $2.14 |
| Cash Flow | |||
| Operating CF | $5.9B | $5.0B | $5.9B |
| CapEx | $2.5B | $2.6B | $4.9B |
Source: XBRL data in Williams Companies (WMB)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate WMB share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 54 | $41.49B |
| Q1 2026 | 52 | $40.48B |
| Q4 2025 | 49 | $33.51B |
| Q3 2025 | 52 | $36.72B |
| Q2 2025 | 48 | $34.60B |
| Q1 2025 | 47 | $25.47B |
| Q4 2024 | 41 | $17.42B |
| Q3 2024 | 36 | $8.11B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 379 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
WMB filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 8-K | Sep 10, 2026 | - | Analysis | - |
| 8-K | Sep 10, 2026 | - | Analysis | - |
| 8-K | Sep 3, 2026 | - | Analysis | - |
| 4 | Sep 2, 2026 | - | - | - |
| 8-K | Aug 21, 2026 | - | Analysis | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 10, 2026 | - | - | - |
| 4 | Aug 7, 2026 | - | - | - |
| 4 | Aug 7, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
| 10-Q | Aug 3, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 3, 2026 | - | Analysis | - |
| 8-K | Jul 13, 2026 | - | Analysis | - |
| 4 | Jul 2, 2026 | - | - | - |
| 8-K | Jul 1, 2026 | - | Analysis | - |
| 4 | Jun 26, 2026 | - | - | - |
| 4 | Jun 2, 2026 | - | - | |
| 8-K | May 20, 2026 | - | Analysis | |
| 4 | May 20, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 10-Q | May 4, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 4, 2026 | - | Analysis | - |
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WMB SEC filings: frequently asked questions
Are WMB insiders buying or selling?
In the last 90 days, Williams Companies (WMB) officers, directors and 10% owners reported no open-market purchases and 5 open-market sales worth $1.4 million by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold WMB stock?
As of June 30, 2026, the largest Williams Companies (WMB) holders among the 13F filers tracked by SignalX were BlackRock ($8.6 billion), Vanguard Capital Management LLC ($5.9 billion), State Street Corp ($5.4 billion), Bank of America Corp ($3.3 billion), Vanguard Portfolio Management LLC ($3.2 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was WMB's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Williams Companies (WMB) reported revenue of $14.9 billion (up 17.9% from FY2024) and net income of $2.6 billion. Diluted EPS was $2.14. The figures come from the XBRL data in the 10-K.
What are the main risks in WMB's latest 10-K?
In the 10-K filed February 24, 2026, Williams Companies (WMB) flagged: FERC regulatory risk: interstate pipeline rates, certifications, and market manipulation rules under FERC oversight; successful shipper challenges could materially cut revenues. Tariff/trade exposure: steel and steel pipe tariffs on foreign-made materials directly threaten construction budgets for capital projects and power innovation builds. (AI summary of the Risk Factors section.)
What did WMB report in its latest 8-K?
Williams Companies (WMB) filed an 8-K on September 10, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 8.01 (Other Events). Exhibit 99.1 furnished under Regulation FD, making disclosed information publicly available to investors.
What are the latest WMB SEC filings?
Williams Companies (WMB) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 3, 2026, an 8-K current report on September 10, 2026 and a Form 4 insider filing on October 2, 2026.
What is WMB's SEC CIK number?
Williams Companies (WMB)'s SEC Central Index Key (CIK) is 107263. EDGAR lists every WMB filing under that number.
Ask anything about WMB
The research agent reads WMB's filings, financials, insider trades and 13F holders, then answers with sources.