WMB Williams Companies

Q3 2025 10-Q
Filed: Nov 3, 2025Period ending Sep 30, 2025
Utilities
Natural Gas TransmissionSEC EDGAR

Williams Companies (WMB) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 3, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

  • Revenue $2.923B for Q3 2025, up 10% YoY from $2.653B; Nine months revenue $8.752B, up 13% YoY from $7.760B
  • Q3 2025 operating income $1.109B vs $0.838B YoY; net income $1.995B vs $1.829B, operating margin approx. 37.9% vs 31.6% YoY (Q3)
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Risk Factors

  • No new or changed risk factors since 2024 10-K filing on February 25, 2025
  • Material cybersecurity risks including cyberattacks impacting pipeline operations carried forward
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Quarterly Financial Summary
XBRL

Revenue

$3.5B

+15.0% YoY +3.3% QoQ

Net Income

$647M

-8.4% YoY +18.5% QoQ

Net Margin

18.5%

-473bp YoY +237bp QoQ

Source: XBRL data from Williams Companies Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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