WMB Williams Companies

company

SEC Filings & Insider Trading Activity 2026

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

What are the latest WMB SEC filings in 2026?

Williams Companies (WMB) has filed a 10-K annual report on February 24, 2026, a 10-Q quarterly report on May 4, 2026, an 8-K current report on August 3, 2026 with the SEC. SignalX tracks every new SEC EDGAR filing daily, including 10-K, 10-Q, 8-K, and Form 4 insider transactions, with AI-powered summaries of key sections.

When did WMB file its most recent 10-K annual report?

Williams Companies (WMB) filed its most recent 10-K annual report on February 24, 2026. The 10-K includes audited financial statements, business overview, risk factors, and management discussion, all available on SignalX with AI-generated summaries and XBRL financial data.

How do I view WMB 10-Q quarterly reports?

Williams Companies (WMB)'s most recent 10-Q quarterly report was filed on May 4, 2026. SignalX displays every WMB 10-Q with AI-generated summaries of the MD&A (Management Discussion & Analysis) and Risk Factors sections, plus links to the original SEC EDGAR document.

What 8-K current reports has WMB filed recently?

Williams Companies (WMB)'s most recent 8-K was filed on August 3, 2026. 8-K filings disclose material corporate events such as earnings releases, executive changes, mergers, and other significant developments. SignalX surfaces each 8-K with item-level summaries so you can quickly see what happened.

Where can I find WMB insider trading activity (Form 4)?

SignalX aggregates every WMB Form 4 insider transaction from SEC EDGAR. Form 4 reports show when officers, directors, and 10% shareholders buy or sell company stock, with transaction code, share count, and price per share.

How often does WMB file with the SEC?

Williams Companies (WMB) files a 10-K annual report once per year (typically within 60 days of fiscal year-end) and 10-Q quarterly reports three times per year. 8-K current reports are filed as needed when material events occur, and Form 4 insider transaction reports are due within two business days of a trade. SignalX monitors SEC EDGAR daily to surface every new WMB filing with AI-powered analysis.

What is the difference between 10-K, 10-Q, and 8-K SEC filings?

A 10-K is a comprehensive annual report with audited financials, business overview, and risk factors. A 10-Q is a shorter quarterly report with unaudited financials and management discussion. An 8-K is a current report filed when a material event occurs, such as earnings releases, executive changes, acquisitions, or other significant developments. SignalX provides AI-generated summaries for all three filing types for Williams Companies (WMB).

What is WMB's SEC CIK number?

Williams Companies (WMB)'s SEC CIK (Central Index Key) number is 107263. The CIK is a unique identifier assigned by the SEC to every filing entity. You can use CIK 107263 to look up all WMB filings on SEC EDGAR, or browse them here on SignalX with AI-powered analysis.

Where can I find WMB return on equity (ROE) and financial data?

SignalX extracts XBRL financial data from Williams Companies (WMB) 10-K annual filings, including revenue, net income, gross profit, operating income, EPS, total assets, stockholders' equity, and operating cash flow. Return on equity (ROE) can be derived from net income divided by stockholders' equity. Multi-year financial trends are displayed in the Financial Summary table above.