Williams Companies (WMB) FY2024 10-K Annual Report
Williams Companies (WMB) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Williams Companies FY2024 10-K Analysis
Business Overview
- • Core business model: Interstate natural gas pipeline transportation and midstream infrastructure with regulated rate structures under FERC oversight
- • New emphasis on upstream operations via acquisition of Crowheart Energy in November 2024, increasing operator interest above 90%
Management Discussion & Analysis
- • Total revenue not explicitly stated; focus on pipeline capacity utilization and regulated revenues via firm capacity reservation charges
- • Operating margins or profit figures not detailed in provided text; results of operations section referenced but specific profitability data missing
Risk Factors
- • Regulatory risk: FERC approval critical for multiple expansion projects totaling over 3,000 Mdth/d expected 2025-2028, including Southeast Supply Enhancement (1,597 Mdth/d)
- • Geopolitical/macro risk: Haynesville Shale gathering assets to serve 1.8 Bcf/d production, linking to Gulf Coast LNG export demand exposure
Williams Companies FY2024 Key Financial MetricsXBRL
Revenue
$12.6B
▲ +5.3% YoY
Net Income
$2.2B
▼ -30.0% YoY
Operating Margin
26.4%
▼ -950bp YoY
Net Margin
17.6%
▼ -889bp YoY
ROE
17.9%
▼ -774bp YoY
Total Assets
$54.5B
▲ +3.6% YoY
EPS (Diluted)
$1.82
▼ -30.0% YoY
Operating Cash Flow
$5.0B
▼ -16.2% YoY
Source: XBRL data from Williams Companies FY2024 10-K filing on SEC EDGAR. All figures in USD.
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