View ValuationWilliams Companies 향후 성장Future 기준 점검 2/6Williams Companies (는) 각각 연간 14.7% 및 10% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 14.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 25.4% 로 예상됩니다.핵심 정보14.7%이익 성장률14.53%EPS 성장률Oil and Gas 이익 성장11.3%매출 성장률10.0%향후 자기자본이익률25.37%애널리스트 커버리지Good마지막 업데이트19 May 2026최근 향후 성장 업데이트Price Target Changed • Feb 20Price target increased by 7.0% to US$75.51Up from US$70.56, the current price target is an average from 21 analysts. New target price is approximately in line with last closing price of US$72.98. Stock is up 27% over the past year. The company is forecast to post earnings per share of US$2.24 for next year compared to US$2.14 last year.Price Target Changed • Feb 18Price target increased by 7.6% to US$74.62Up from US$69.35, the current price target is an average from 22 analysts. New target price is approximately in line with last closing price of US$71.96. Stock is up 24% over the past year. The company is forecast to post earnings per share of US$2.27 for next year compared to US$2.14 last year.Price Target Changed • Nov 15Price target increased by 7.6% to US$53.38Up from US$49.59, the current price target is an average from 19 analysts. New target price is 5.6% below last closing price of US$56.55. Stock is up 60% over the past year. The company is forecast to post earnings per share of US$1.88 for next year compared to US$2.69 last year.모든 업데이트 보기Recent updates속보 • May 21Williams Companies Grows Project Backlog and Credit Lines While Raising Dividend and Reaffirming OutlookWilliams reported Q1 2026 earnings that were above analyst expectations, with higher adjusted EPS, a 5% dividend increase and full-year guidance reaffirmed, despite slightly lower revenue. The project backlog expanded from US$11.8b in 2024 to US$15.5b in 2025, led by new power-focused projects such as the US$2.3b, 682 MW Neo development, which targets growing natural gas-fired electricity demand. Williams secured new credit facilities totaling US$4.75b, including a shared revolving credit line of up to US$3.75b that can be increased to US$4.25b and a separate 364-day US$1.0b facility, both tied to a debt to EBITDA covenant capped at 5.00:1. Taken together, the larger project backlog, power-focused growth initiatives and fresh credit capacity point to an active capital spending pipeline backed by fee-based, long-term contracts in the core natural gas transport business. For you, the key watchpoints are how Williams uses this new borrowing capacity, how closely it runs to the 5.00:1 debt to EBITDA covenant and how execution risk on large projects like Neo lines up against the higher dividend commitment.내러티브 업데이트 • May 19WMB: Future Clean Energy Projects Will Face Valuation Risk From ExecutionAnalysts have raised the price target on Williams Companies by about $3 to $67. They cite updated models that reflect a higher fair value estimate, a slightly higher discount rate, more conservative revenue growth assumptions, and higher projected profit margins and P/E multiples.Seeking Alpha • May 09The Williams Companies: Good Earnings And Growth Potential, But Very ExpensiveSummary The Williams Companies delivered strong Q1 2026 earnings growth, with adjusted EBITDA up 13.3% and net income up 25.2% year-over-year. WMB's growth is driven by increasing natural gas volumes, major pipeline expansions, and long-term contracts ensuring returns on capital investments. Despite robust fundamentals and reliable dividend growth, WMB trades at a premium 30.66x forward P/E, notably above midstream peers. WMB's 2.88% yield lags sector peers, but dividend coverage is strong at 2.76x, supporting continued increases. Read the full article on Seeking AlphaRecent Insider Transactions • May 09Executive VP & CFO recently sold US$3.8m worth of stockOn the 6th of May, John Porter sold around 50k shares on-market at roughly US$75.37 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months.Reported Earnings • May 06First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: US$0.71 (up from US$0.56 in 1Q 2025). Revenue: US$3.39b (up 9.0% from 1Q 2025). Net income: US$864.0m (up 25% from 1Q 2025). Profit margin: 26% (up from 22% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) exceeded analyst estimates by 9.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings.내러티브 업데이트 • May 05WMB: Future Gas Assets And New Projects Will Shape Balanced ReturnsThe analyst fair value estimate for Williams Companies has increased by about $1 to $80.07, as analysts cite a series of price target hikes and upgrades across the Street that reference updated earnings models, stronger margin assumptions, and ongoing support for growth-focused spending. Analyst Commentary Recent research updates show a clear tilt toward more constructive views on Williams, with multiple firms lifting price targets and at least one high profile upgrade.Declared Dividend • May 01Fourth quarter dividend of US$0.53 announcedShareholders will receive a dividend of US$0.53. Ex-date: 12th June 2026 Payment date: 29th June 2026 Dividend yield will be 2.7%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) nor is it covered by cash flows (286% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 3.8% to bring the payout ratio under control. EPS is expected to grow by 49% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.공시 • Apr 29The Williams Companies, Inc. Announces Quarterly Cash Dividend, Payable on June 29, 2026The Williams Companies, Inc. has approved a regular dividend of $0.525 per share, or $2.10 annualized, on the company’s common stock, payable on June 29, 2026, to holders of record at the close of business on June 12, 2026. This is a 5% increase from Williams’ 2025 quarterly dividend of $0.50 per share.내러티브 업데이트 • Apr 21WMB: Future Clean Energy Expansion Will Face Persistent Execution Risk ConcernsThe updated fair value estimate for Williams Companies rises from $56.99 to $64.46 as analysts incorporate revised Street price targets, expectations for higher revenue growth, and a higher future P/E multiple, partially offset by lower projected profit margins. Analyst Commentary Recent Street research on Williams Companies has leaned constructive, with several firms lifting price targets and, in some cases, upgrading ratings.공시 • Apr 15The Williams Companies, Inc. to Report Q1, 2026 Results on May 04, 2026The Williams Companies, Inc. announced that they will report Q1, 2026 results After-Market on May 04, 2026Recent Insider Transactions Derivative • Apr 07Senior VP & General Counsel notifies of intention to sell stockTerence Wilson intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of April. If the sale is conducted around the recent share price of US$71.75, it would amount to US$144k. Since June 2025, Terence's direct individual holding has decreased from 245.33k shares to 232.07k. Company insiders have collectively bought US$10m more than they sold, via options and on-market transactions, in the last 12 months.내러티브 업데이트 • Apr 06WMB: Future Capex And Gas Assets Will Shape Balanced Long Term ReturnsThe analyst price target for Williams Companies has moved higher, with the model fair value estimate shifting from $76.75 to $78.79 as analysts factor in updated growth capex expectations, revised EBITDA outlooks, and a series of recent target hikes and upgrades across the Street. Analyst Commentary Recent Street research on Williams Companies has been tilted toward higher price targets and more constructive ratings, with many firms updating models around growth capex plans, EBITDA outlooks, and new project optionality.내러티브 업데이트 • Mar 23WMB: Future Gas Infrastructure Investments Will Support Long Term EBITDA VisibilityAnalysts have raised the Williams Companies fair value estimate to $90.00 from $89.00, citing a series of upward price target revisions and more constructive views on revenue growth, profit margins, and future P/E support across recent research updates. Analyst Commentary Recent research updates on Williams Companies have leaned constructive, with several bullish analysts lifting price targets and, in one case, adding the stock to a high-conviction idea list.공시 • Mar 19The Williams Companies, Inc., Annual General Meeting, Apr 28, 2026The Williams Companies, Inc., Annual General Meeting, Apr 28, 2026. Location: meetnow.global/mhfnmg4, United States내러티브 업데이트 • Mar 09WMB: Power Expansion And Gas Assets Will Shape Balanced Long Term ReturnsThe analyst fair value estimate for Williams Companies has been raised from $68.22 to $76.75, reflecting higher Street price targets in the $71 to $90 range as analysts incorporate updated models, growth capex plans and expectations for continued EBITDA strength. Analyst Commentary Street research on Williams Companies has clustered around higher price targets and generally constructive views, with most of the recent updates tied to refreshed models, growth capex plans and EBITDA expectations through and beyond 2030.Upcoming Dividend • Mar 06Upcoming dividend of US$0.53 per shareEligible shareholders must have bought the stock before 13 March 2026. Payment date: 30 March 2026. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.3%).Board Change • Mar 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. CEO, President & Director Chad Zamarin was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Feb 27Senior VP & General Counsel recently sold US$1.0m worth of stockOn the 24th of February, Terence Wilson sold around 14k shares on-market at roughly US$72.92 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$7.9m more than they bought in the last 12 months.New Risk • Feb 26New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.2m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 285% Minor Risks High level of debt (195% net debt to equity). Significant insider selling over the past 3 months (US$1.2m sold).Recent Insider Transactions • Feb 26Senior VP & General Counsel recently sold US$1.0m worth of stockOn the 24th of February, Terence Wilson sold around 14k shares on-market at roughly US$72.92 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$9.3m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Feb 25Senior VP & General Counsel notifies of intention to sell stockTerence Wilson intends to sell 27k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of February. If the sale is conducted around the recent share price of US$72.92, it would amount to US$2.0m. Since March 2025, Terence's direct individual holding has decreased from 323.65k shares to 296.65k. Company insiders have collectively sold US$8.3m more than they bought, via options and on-market transactions in the last 12 months.내러티브 업데이트 • Feb 23WMB: Future Data Center Demand Will Support Long Term EBITDA VisibilityAnalysts have lifted their average fair value estimate for Williams Companies by about $8 to $89, reflecting a series of higher price targets across the Street and updated models following the Q4 report and recent analyst day. Analyst Commentary Bullish analysts have been revising their Williams models following the Q4 update and analyst day, and the result has been a series of higher price targets and rating changes.Price Target Changed • Feb 20Price target increased by 7.0% to US$75.51Up from US$70.56, the current price target is an average from 21 analysts. New target price is approximately in line with last closing price of US$72.98. Stock is up 27% over the past year. The company is forecast to post earnings per share of US$2.24 for next year compared to US$2.14 last year.Price Target Changed • Feb 18Price target increased by 7.6% to US$74.62Up from US$69.35, the current price target is an average from 22 analysts. New target price is approximately in line with last closing price of US$71.96. Stock is up 24% over the past year. The company is forecast to post earnings per share of US$2.27 for next year compared to US$2.14 last year.Reported Earnings • Feb 11Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$2.14 (up from US$1.82 in FY 2024). Revenue: US$11.8b (up 10.0% from FY 2024). Net income: US$2.62b (up 18% from FY 2024). Profit margin: 22% (up from 21% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.내러티브 업데이트 • Feb 09WMB: Future Clean Energy Expansion Will Face Heightened Execution RiskNarrative Update Overview The analyst price target for Williams Companies has been lifted from US$56.36 to about US$56.99, with analysts pointing to refreshed modeling, higher price targets from several firms, and increased confidence in the company’s power generation offerings as key drivers of the change. Analyst Commentary Recent research updates point to a cluster of higher price targets for Williams Companies, with several firms refreshing their models and highlighting the company’s power generation offerings.분석 기사 • Jan 31Williams Companies (NYSE:WMB) Will Pay A Larger Dividend Than Last Year At $0.525The board of The Williams Companies, Inc. ( NYSE:WMB ) has announced that it will be increasing its dividend by 5.0% on...Declared Dividend • Jan 30Third quarter dividend increased to US$0.53Dividend of US$0.53 is 5.0% higher than last year. Ex-date: 13th March 2026 Payment date: 30th March 2026 Dividend yield will be 3.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) nor is it covered by cash flows (142% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 51% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.공시 • Jan 27The Williams Companies, Inc. Increases Regular Cash Dividend on Common Stock, Payable on March 30, 2026The Williams Companies, Inc. board of directors has approved a regular dividend of $0.525 per share, or $2.10 annualized, on the company’s common stock, payable on March 30, 2026, to holders of record at the close of business on March 13, 2026. This is a 5% increase from Williams’ fourth-quarter 2025 quarterly dividend of $0.50 per share, paid in December 2025.내러티브 업데이트 • Jan 25WMB: Future Clean Energy Projects Will Face Heightened Execution And Policy RisksNarrative Update Analysts have lifted their implied fair value for Williams Companies to about $56.36 from roughly $54.55, citing updated assumptions for higher revenue growth, a different profit margin profile, and a slightly lower forward P/E multiple supported by recent price target increases from several firms. Analyst Commentary Recent Street research on Williams Companies has centered on adjustments to price targets and refreshed models, with several firms updating their views following management meetings and ahead of upcoming events such as analyst day.공시 • Jan 23The Williams Companies, Inc. to Report Q4, 2025 Results on Feb 10, 2026The Williams Companies, Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 10, 2026내러티브 업데이트 • Jan 11WMB: Power Generation Expansion Will Guide Returns Over The Next CycleAnalysts have raised their fair value estimate for Williams to about $68.22 from $67.70 as they incorporate updated revenue growth and profit margin assumptions, along with recent price target increases supported by growing confidence in the company’s power generation offerings. Analyst Commentary Recent Street research on Williams Companies points to a slightly higher fair value range, with price targets cited around the low US$70s.내러티브 업데이트 • Dec 27WMB: Future Data Center Demand Will Drive Long Term EBITDA ExpansionWilliams Companies' analyst price target has been raised from $74.00 to about $80.91, as analysts point to a roll-forward of models, stronger long term EBITDA growth prospects, and incremental project driven base business expansion supporting higher valuation multiples. Analyst Commentary Bullish analysts have been lifting their price targets on Williams in response to improving long term fundamentals and a more constructive outlook for earnings growth.내러티브 업데이트 • Dec 13WMB: Future Data Center And LNG Projects Will Drive Balanced Risk RewardAnalysts have raised their price targets for Williams Companies, which has driven our fair value estimate higher to about $54.55 from roughly $49.47. They highlight accelerating long term EBITDA growth, incremental project contributions, and increasing confidence that the company is well positioned to benefit from growing global natural gas infrastructure demand.Upcoming Dividend • Dec 05Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 12 December 2025. Payment date: 29 December 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (4.0%).내러티브 업데이트 • Nov 29WMB: Upcoming Expansion Projects And Data Center Demand Will Guide ReturnsWilliams Companies’ analyst fair value price target has been revised upward from $67.46 to $67.70. Analysts cite improved profit margins and accelerating revenue growth, supported by positive sector outlooks and advancing infrastructure projects.내러티브 업데이트 • Nov 15WMB: Future Data Center Projects And Regulatory Advances Will Shape ReturnsThe analyst price target for Williams Companies has increased from approximately $67.22 to $67.46. Analysts cite growing project contributions and expectations for sector-leading EBITDA growth as key catalysts for the upward revision.공시 • Nov 08Williams Secures Key Permits for Northeast Supply Enhancement ProjectWilliams announced a significant regulatory milestone for its Northeast Supply Enhancement (NESE) project, securing the Clean Water Act Section 401 and 404 permits from the New Jersey Department of Environmental Protection (NJDEP) as well as the Section 401 Water Quality Certification and related permits from the New York State Department of Environmental Conservation (NYSDEC). The NESE project is designed to improve energy affordability and reliability in New York City by expanding access to critical natural gas infrastructure and displacing high-emitting and costly fuel oil, which is delivered into New York City by diesel trucks. NESE will enhance energy security, lower costs, and reduce emissions, and the project is expected to generate over $1 billion in investment, create thousands of construction-related jobs, and deliver long-term benefits to New York residents and commercial energy users. In parallel, Williams continues to advance the Constitution Pipeline project, a pipeline in upstate New York that will serve markets in New York, Massachusetts, Connecticut, Rhode Island, Vermont and Maine. The company has withdrawn its current water permit application with NYSDEC and is preparing to follow up with additional filings to ensure that this critical infrastructure project obtains the regulatory approvals needed for construction and operation.Reported Earnings • Nov 04Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: US$0.53 (down from US$0.58 in 3Q 2024). Revenue: US$2.92b (up 10% from 3Q 2024). Net income: US$646.0m (down 8.4% from 3Q 2024). Profit margin: 22% (down from 27% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 1.0%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.내러티브 업데이트 • Nov 01WMB: Expanding Infrastructure Will Capture Demand From Data Center Power ProjectsWilliams Companies' analyst price target has been modestly increased from $66.85 to $67.22. Analysts cite ongoing project contributions and sector-leading growth prospects as the basis for their upward revisions.Declared Dividend • Oct 31Second quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 12th December 2025 Payment date: 29th December 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio) nor is it covered by cash flows (136% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 9.0% to bring the payout ratio under control. EPS is expected to grow by 44% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.공시 • Oct 28Williams Announces Quarterly Cash Dividend, Payable on December 29, 2025Williams’ board of directors has approved a regular dividend of $0.50 per share, or $2.00 annualized, on the company’s common stock, payable on December 29, 2025, to holders of record at the close of business on December 12, 2025. This is a 5.3% increase from Williams’ 2024 quarterly dividend of $0.4750 per share.공시 • Oct 23JERA Americas Inc. reached an agreement to acquire unknown minority stake in South Mansfield upstream asset in Louisiana from The Williams Companies, Inc. (NYSE:WMB) for approximately $400 million.JERA Americas Inc. reached an agreement to acquire unknown minority stake in South Mansfield upstream asset in Louisiana from The Williams Companies, Inc. (NYSE:WMB) for approximately $400 million on October 22, 2025. In related transaction JERA Americas Inc. agreed to acquire South Mansfield E&P, LLC from The Williams Companies, Inc and majority stake in South Mansfield upstream asset in Louisiana. The consideration consist of $398 million plus deferred monthly payments through 2029 that are based on a predefined development plan. JERA acquiring its interest in the Haynesville asset, which currently produces more than 500 MMscfd and includes 200 undeveloped locations, through an upfront investment of $1.5 billion. The transaction includes a future investment plan under which JERA will increase total production to 1 Bscfd. The Haynesville Acquisition’s strategic value is supported by robust current production and proven reserves, established gathering, treating and transport infrastructure, and proximity to Gulf Coast LNG and data center hubs. The sale of South Mansfield upstream is subject to customary closing conditions, including approval from the Committee for Foreign Investments in the United States. Closing is expected to occur by the end of 2025.분석 기사 • Oct 19A Look At The Fair Value Of The Williams Companies, Inc. (NYSE:WMB)Key Insights Williams Companies' estimated fair value is US$68.22 based on 2 Stage Free Cash Flow to Equity With...내러티브 업데이트 • Oct 17Pipeline Network Expansions Will Drive LNG Export And Decarbonization MomentumThe analyst price target for Williams Companies has increased from $65.41 to $66.85. Analysts cite ongoing business growth, anticipated positive estimate revisions, and strong infrastructure demand as primary drivers for the upward revision.공시 • Oct 15The Williams Companies, Inc. to Report Q3, 2025 Results on Nov 03, 2025The Williams Companies, Inc. announced that they will report Q3, 2025 results After-Market on Nov 03, 2025내러티브 업데이트 • Oct 03Pipeline Network Expansions Will Drive LNG Export And Decarbonization MomentumThe analyst price target for Williams Companies has increased from $63.68 to $65.41, as analysts point to growing project contributions and expectations for sector-leading EBITDA growth, which are supporting the higher valuation. Analyst Commentary Recent Street research on Williams Companies continues to highlight both optimistic outlooks and lingering areas of caution.분석 기사 • Sep 05Is Williams Companies (NYSE:WMB) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Upcoming Dividend • Sep 05Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 12 September 2025. Payment date: 29 September 2025. Payout ratio is on the higher end at 98%, and the cash payout ratio is above 100%. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (4.0%).분석 기사 • Aug 19The Williams Companies, Inc.'s (NYSE:WMB) Business Is Trailing The Market But Its Shares Aren'tWith a price-to-earnings (or "P/E") ratio of 28.5x The Williams Companies, Inc. ( NYSE:WMB ) may be sending very...Buy Or Sell Opportunity • Aug 07Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at US$57.89. The fair value is estimated to be US$72.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.4%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 27% in the next 2 years.Reported Earnings • Aug 05Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$0.45 (up from US$0.33 in 2Q 2024). Revenue: US$2.75b (up 11% from 2Q 2024). Net income: US$546.0m (up 36% from 2Q 2024). Profit margin: 20% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 6.0%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Aug 01First quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 12th September 2025 Payment date: 29th September 2025 Dividend yield will be 3.3%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio) nor is it covered by cash flows (120% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control. EPS is expected to grow by 37% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.공시 • Jul 29The Williams Companies, Inc. Approves Regular Dividend on Common Stock, Payable on September 29, 2025Williams’ board of directors has approved a regular dividend of $0.50 per share, or $2.00 annualized, on the company’s common stock, payable on September 29, 2025, to holders of record at the close of business on September 12, 2025.공시 • Jul 16The Williams Companies, Inc. to Report Q2, 2025 Results on Aug 04, 2025The Williams Companies, Inc. announced that they will report Q2, 2025 results at 4:00 PM, Eastern Standard Time on Aug 04, 2025공시 • Jun 30+ 3 more updatesThe Williams Companies, Inc. Announces Changes to its BoardThe Williams Companies, Inc. announced several changes in its board leadership. Alan Armstrong will become executive chairman of the Williams Board of Directors, while Chad Zamarin, currently executive vice president of corporate strategic development, will join the board. Stephen Bergstrom, the current board chairman, will transition to lead independent director. Zamarin, a Chicago native, launched Williams' New Energy Ventures and the Power Innovation group, focusing on bringing natural gas to the country's rapidly expanding data centers.분석 기사 • Jun 18Are Investors Undervaluing The Williams Companies, Inc. (NYSE:WMB) By 21%?Key Insights Williams Companies' estimated fair value is US$74.36 based on 2 Stage Free Cash Flow to Equity Current...Buy Or Sell Opportunity • Jun 16Now 21% undervaluedOver the last 90 days, the stock has risen 1.3% to US$59.15. The fair value is estimated to be US$74.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.Upcoming Dividend • Jun 06Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 30 June 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (4.2%).Buy Or Sell Opportunity • May 29Now 20% undervaluedOver the last 90 days, the stock has risen 3.6% to US$60.27. The fair value is estimated to be US$75.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.Reported Earnings • May 06First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$0.56 (up from US$0.52 in 1Q 2024). Revenue: US$3.05b (up 9.6% from 1Q 2024). Net income: US$690.0m (up 9.4% from 1Q 2024). Profit margin: 23% (in line with 1Q 2024). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 06+ 1 more updateThe Williams Companies, Inc. Announces CEO Changes, Effective July 1, 2025The Williams Companies, Inc. announced that Chad J. Zamarin has been named Chief Executive Officer of the Company, effective July 1, 2025, succeeding Alan S. Armstrong. Mr. Armstrong will continue to serve as Chief Executive Officer until July 1, 2025, at which point he will become Executive Chairman of the Board. Mr. Zamarin, age 48, has served as the Company’s Executive Vice President, Corporate Strategic Development since January 2023. From 2017 to 2023, Mr. Zamarin was Senior Vice President, Corporate Strategic Development of the Company. From 2017 to 2018, he was also Director of the general partner of Williams Partners, L.P., the master limited partnership, that prior to its 2018 merger with the Company, owned most of the Company’s gas pipeline and domestic midstream assets. Prior to joining the Company, he served as President – Pipeline and Midstream for Cheniere Energy, Inc. from 2014 to 2017. Mr. Zamarin graduated with a bachelor’s degree in materials engineering from Purdue University and holds a Master of Business Administration from the University of Houston.Declared Dividend • May 02Fourth quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 13th June 2025 Payment date: 30th June 2025 Dividend yield will be 3.3%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) nor is it covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control. EPS is expected to grow by 35% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.공시 • Apr 29Williams Announces Quarterly Cash Dividend, Payable on June 30, 2025Williams’ board of directors has approved a regular dividend of $0.50 per share, or $2.00 annualized, on the company’s common stock, payable on June 30, 2025, to holders of record at the close of business on June 13, 2025. This is a 5.3% increase from Williams’ 2024 quarterly dividend of $0.4750 per share.공시 • Apr 25The Williams Companies, Inc. Announces Appointment of Larry Larsen as Executive Vice President and Chief Operating Officer, Effective May 3, 2025The Williams Companies, Inc. announced that Larry Larsen has been appointed Executive Vice President and Chief Operating Officer (COO), overseeing all aspects of the company’s transmission, storage and gathering and processing operations, effective May 3, 2025. Larsen will replace Micheal Dunn, who announced his planned retirement from Williams last month. Larsen currently serves as Williams Senior Vice President, Gathering and Processing. Larsen joined Williams in 1999, working within the Northwest Pipeline franchise. He then served as vice president, Central Services, where he led the teams responsible for Williams’ supply chain, commodity services (volume management, systems planning, commodity optimization and commercial contracts), NGL and gas marketing, measurement and pipeline control functions. In 2018, he became vice president-general manager for Williams’ Rocky Mountain Midstream franchise and was responsible for all commercial activities and the safe, reliable operations of the area’s growing assets. In 2020, he became vice president, Strategic Development, where he led Williams’ corporate strategy, market intelligence and corporate development efforts before assuming his current role of senior vice president, Gathering and Processing in 2022, where he leads all onshore G&P, NGL transmission, storage and fractionation businesses. Larsen earned a Bachelor of Science degree in Mechanical Engineering from the University of Utah.공시 • Apr 15The Williams Companies, Inc. to Report Q1, 2025 Results on May 05, 2025The Williams Companies, Inc. announced that they will report Q1, 2025 results After-Market on May 05, 2025Board Change • Apr 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. Independent Director Carri Lockhart was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Mar 14Micheal Dunn to Retire as Executive Vice President and Chief Operating Officer of The Williams Companies, IncWilliams announced that Micheal Dunn, executive vice president and chief operating officer, will retire, effective May 2, 2025. Under Micheal’s leadership, Williams successfully completed several large-scale infrastructure projects, including Atlantic Sunrise and Regional Energy Access, as well as multiple expansion projects along Transco, Northwest Pipeline and in the Deepwater Gulf, in addition to integrating multiple acquisitions. He has placed strong focus on achieving regulatory compliance and optimizing operations to enhance Williams’ competitive advantage and advance the execution of Williams' natural gas-focused strategy. Dunn began his career with Williams in 1988 and spent 14 years with the company in its gas pipeline business before transitioning to leadership roles at Kern River and PacificCorp Energy. Prior to rejoining Williams in 2017, Dunn served as President of Questar Pipeline and Executive Vice President of Questar Corporation.Upcoming Dividend • Mar 07Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 14 March 2025. Payment date: 31 March 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.7%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (4.2%).Recent Insider Transactions • Mar 02Insider recently sold US$1.5m worth of stockOn the 27th of February, Chad Teply sold around 26k shares on-market at roughly US$56.46 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$4.0m more than they bought in the last 12 months.New Risk • Feb 13New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Cash payout ratio: 106% Minor Risk Profit margins are more than 30% lower than last year (21% net profit margin).Reported Earnings • Feb 13Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: US$1.82 (down from US$2.69 in FY 2023). Revenue: US$10.8b (up 8.1% from FY 2023). Net income: US$2.22b (down 32% from FY 2023). Profit margin: 21% (down from 33% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.7%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 25% per year.Declared Dividend • Jan 31Third quarter dividend increased to US$0.50Dividend of US$0.50 is 5.3% higher than last year. Ex-date: 14th March 2025 Payment date: 31st March 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Jan 28+ 1 more updateFederal Energy Regulatory Commission Reinstates Certificate for Transco's Regional Energy Access ExpansionThe Williams Companies, Inc. announced that the Federal Energy Regulatory Commission (FERC) issued an Order on Remand Reinstating Certificate and Abandonment Authorization to Transco for the Regional Energy Access Expansion (REA), January 24, 2025. The Order reinstates the certificate for REA as issued in its original certificate order and will take effect immediately upon the issuance of the mandate by the D.C. Circuit Court of Appeals. The REA project provides critical access to gas supplies, easing supply constraints, and delivering reliable service to customers in New Jersey, New York, Pennsylvania, and Maryland, with the capacity to provide enough natural gas to serve approximately 4.4 million homes annually. Recently, natural gas volumes on Transco have surged due to frigid temperatures, in addition to normal demand in the power and industrial sectors. This led Transco to achieve another all-time peak day on January 23, 2025, with a total volume of 19.17 Bcf/d.공시 • Jan 24The Williams Companies, Inc. to Report Q4, 2024 Results on Feb 12, 2025The Williams Companies, Inc. announced that they will report Q4, 2024 results After-Market on Feb 12, 2025Seeking Alpha • Jan 13The Williams Companies: Not Best Of Breed, But Good EnoughSummary The Williams Companies boasts low leverage and stable operations, making it a solid investment despite recent mixed financial results and slightly higher valuation compared to peers. Revenue growth driven by acquisitions and expansion projects, with notable increases in the Transmission & Gulf of Mexico and West segments. Cash flows and net profits have risen, with adjusted operating cash flow and 'true free cash flow' expected to grow further in 2025. Despite its lower yield and payout ratio compared to competitors, The Williams Companies remains a soft 'buy' due to its quality and potential for continued market outperformance. Read the full article on Seeking AlphaSeeking Alpha • Dec 19Pipelines, Profits, And Power: The Williams Companies' Mission-Critical EmpireSummary The Williams Companies is a cornerstone of America's energy infrastructure, leveraging its massive pipeline network to meet growing natural gas demand with minimal commodity price exposure. Despite resilient earnings and consistent dividend growth, WMB's current valuation limits immediate upside, making it a compelling watchlist candidate for long-term investors. Strategic investments in high-return projects and a robust balance sheet position WMB well for future expansion as infrastructure demand outpaces supply. While the current yield is lower compared to peers, WMB's stable cash flow and favorable industry trends offer long-term capital appreciation potential. Read the full article on Seeking AlphaUpcoming Dividend • Dec 06Upcoming dividend of US$0.47 per shareEligible shareholders must have bought the stock before 13 December 2024. Payment date: 30 December 2024. Payout ratio and cash payout ratio are on the higher end at 79% and 77% respectively. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (3.9%).Seeking Alpha • Nov 24Williams Companies Is Now OvervaluedSummary Williams Companies has seen a 30% return versus 5% for the S&P 500, but is now overvalued. Despite steady growth, the company's adjusted EBITDA and AFFO yields are modest, with a 2.33x dividend coverage ratio and a 3.18% yield. The company's growth is slowing, with fewer expansion projects and a long-term adjusted EBITDA growth rate of ~6%. Given its higher valuation and slower growth, Williams Companies is a SELL, as it struggles to deliver strong shareholder returns compared to peers. Read the full article on Seeking AlphaPrice Target Changed • Nov 15Price target increased by 7.6% to US$53.38Up from US$49.59, the current price target is an average from 19 analysts. New target price is 5.6% below last closing price of US$56.55. Stock is up 60% over the past year. The company is forecast to post earnings per share of US$1.88 for next year compared to US$2.69 last year.Declared Dividend • Nov 08Third quarter dividend of US$0.47 announcedShareholders will receive a dividend of US$0.47. Ex-date: 13th December 2024 Payment date: 30th December 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 07Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$0.58 (up from US$0.54 in 3Q 2023). Revenue: US$2.65b (up 4.7% from 3Q 2023). Net income: US$706.0m (up 8.0% from 3Q 2023). Profit margin: 27% (in line with 3Q 2023). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 38%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.공시 • Nov 05Williams Announces Quarterly Cash Dividend, Payable on December 30, 2024Williams’ board of directors has approved a regular dividend of $0.4750 per share, or $1.90 annualized, on the company’s common stock, payable on December 30, 2024, to holders of record at the close of business on December 13, 2024.공시 • Oct 18The Williams Companies, Inc. to Report Q3, 2024 Results on Nov 06, 2024The Williams Companies, Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024Seeking Alpha • Oct 15Williams Companies: Upside Should Keep FlowingSummary The Williams Companies, Inc. has outperformed the S&P 500, with shares up 19.2% since June and 207.5% since July 2016, including distributions. Despite some weaknesses, Williams remains robust in cash flow, warranting a soft ‘buy’ rating, though a 10% price increase may prompt a downgrade. Recent financials show a decline in revenue, profits, and cash flows, largely due to losses from commodity derivatives, with most segments showing growth. Williams Companies is attractively priced with a low net leverage ratio and a lower yield compared to competitors, making it a solid long-term investment. Read the full article on Seeking AlphaSeeking Alpha • Sep 25The Williams Companies: 4.1% Yield, But Likely Fairly Valued (Rating Downgrade)Summary Williams Companies is a growing midstream firm with significant, long-term EBITDA and cash flow upside. The company has a strong dividend coverage profile and pays a growing dividend, making it a solid long-term income growth bet. Key growth drivers include the TransCo pipeline and increasing energy demand, with projected EBITDA growth to $7.4B by FY 2025. Shares are trading slightly above my fair value estimate, but consistent dividend coverage and growth support an investment. Read the full article on Seeking Alpha이익 및 매출 성장 예측NYSE:WMB - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202815,5603,8841,5777,9811012/31/202713,5483,2311566,7901212/31/202612,2722,937-1,3656,226113/31/202612,1092,7897226,068N/A12/31/202511,8302,6158995,898N/A9/30/202511,5822,3671,7225,540N/A6/30/202511,3632,4261,7925,344N/A3/31/202511,0832,2812,0275,173N/A12/31/202410,7532,2222,2964,974N/A9/30/202410,3662,8833,0025,569N/A6/30/202410,2532,8323,0195,560N/A3/31/202410,1562,9783,0995,658N/A12/31/20239,9513,2733,3715,938N/A9/30/202310,3042,7952,6495,344N/A6/30/202310,7742,7402,7585,600N/A3/31/202311,2092,5932,7835,321N/A12/31/202211,3522,0462,6064,889N/A9/30/202211,4901,9993,0534,809N/A6/30/202211,3511,5642,9794,153N/A3/31/202210,8451,4682,8294,112N/A12/31/202110,7751,5142,6983,945N/A9/30/20219,9041,0082,6563,920N/A6/30/20218,9751,1522,2023,538N/A3/31/20218,4591,1512,3973,624N/A12/31/20207,7242082,2213,496N/A9/30/20207,7382311,9933,373N/A6/30/20207,8001431,9353,779N/A3/31/20208,0601501,6733,705N/A12/31/20198,199862N/A3,693N/A9/30/20198,298152N/A3,664N/A6/30/20198,60261N/A3,552N/A3/31/20198,652-114N/A3,374N/A12/31/20188,686-156N/A3,293N/A9/30/20188,7102,103N/A3,189N/A6/30/20188,2982,007N/A3,148N/A3/31/20188,1311,953N/A3,056N/A12/31/20178,0312,174N/A3,089N/A9/30/20178,001472N/A3,814N/A6/30/20178,015500N/A3,737N/A3/31/20177,82714N/A3,624N/A12/31/20167,499-424N/A4,155N/A9/30/20167,307-1,124N/A2,689N/A6/30/20167,201-1,225N/A2,664N/A3/31/20167,304-706N/A2,792N/A12/31/20157,360-571N/A2,708N/A9/30/20157,495337N/A3,097N/A6/30/20157,7652,055N/A2,839N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: WMB 의 연간 예상 수익 증가율(14.7%)이 saving rate(3.5%)보다 높습니다.수익 vs 시장: WMB 의 연간 수익(14.7%)이 US 시장(16.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: WMB 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: WMB 의 수익(연간 10%)이 US 시장(연간 11.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: WMB 의 수익(연간 10%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: WMB의 자본 수익률은 3년 후 25.4%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 01:27종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스The Williams Companies, Inc.는 42명의 분석가가 다루고 있습니다. 이 중 12명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관William SeleskyArgus Research CompanyRichard GrossBarclaysTheresa ChenBarclays39명의 분석가 더 보기
Price Target Changed • Feb 20Price target increased by 7.0% to US$75.51Up from US$70.56, the current price target is an average from 21 analysts. New target price is approximately in line with last closing price of US$72.98. Stock is up 27% over the past year. The company is forecast to post earnings per share of US$2.24 for next year compared to US$2.14 last year.
Price Target Changed • Feb 18Price target increased by 7.6% to US$74.62Up from US$69.35, the current price target is an average from 22 analysts. New target price is approximately in line with last closing price of US$71.96. Stock is up 24% over the past year. The company is forecast to post earnings per share of US$2.27 for next year compared to US$2.14 last year.
Price Target Changed • Nov 15Price target increased by 7.6% to US$53.38Up from US$49.59, the current price target is an average from 19 analysts. New target price is 5.6% below last closing price of US$56.55. Stock is up 60% over the past year. The company is forecast to post earnings per share of US$1.88 for next year compared to US$2.69 last year.
속보 • May 21Williams Companies Grows Project Backlog and Credit Lines While Raising Dividend and Reaffirming OutlookWilliams reported Q1 2026 earnings that were above analyst expectations, with higher adjusted EPS, a 5% dividend increase and full-year guidance reaffirmed, despite slightly lower revenue. The project backlog expanded from US$11.8b in 2024 to US$15.5b in 2025, led by new power-focused projects such as the US$2.3b, 682 MW Neo development, which targets growing natural gas-fired electricity demand. Williams secured new credit facilities totaling US$4.75b, including a shared revolving credit line of up to US$3.75b that can be increased to US$4.25b and a separate 364-day US$1.0b facility, both tied to a debt to EBITDA covenant capped at 5.00:1. Taken together, the larger project backlog, power-focused growth initiatives and fresh credit capacity point to an active capital spending pipeline backed by fee-based, long-term contracts in the core natural gas transport business. For you, the key watchpoints are how Williams uses this new borrowing capacity, how closely it runs to the 5.00:1 debt to EBITDA covenant and how execution risk on large projects like Neo lines up against the higher dividend commitment.
내러티브 업데이트 • May 19WMB: Future Clean Energy Projects Will Face Valuation Risk From ExecutionAnalysts have raised the price target on Williams Companies by about $3 to $67. They cite updated models that reflect a higher fair value estimate, a slightly higher discount rate, more conservative revenue growth assumptions, and higher projected profit margins and P/E multiples.
Seeking Alpha • May 09The Williams Companies: Good Earnings And Growth Potential, But Very ExpensiveSummary The Williams Companies delivered strong Q1 2026 earnings growth, with adjusted EBITDA up 13.3% and net income up 25.2% year-over-year. WMB's growth is driven by increasing natural gas volumes, major pipeline expansions, and long-term contracts ensuring returns on capital investments. Despite robust fundamentals and reliable dividend growth, WMB trades at a premium 30.66x forward P/E, notably above midstream peers. WMB's 2.88% yield lags sector peers, but dividend coverage is strong at 2.76x, supporting continued increases. Read the full article on Seeking Alpha
Recent Insider Transactions • May 09Executive VP & CFO recently sold US$3.8m worth of stockOn the 6th of May, John Porter sold around 50k shares on-market at roughly US$75.37 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months.
Reported Earnings • May 06First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: US$0.71 (up from US$0.56 in 1Q 2025). Revenue: US$3.39b (up 9.0% from 1Q 2025). Net income: US$864.0m (up 25% from 1Q 2025). Profit margin: 26% (up from 22% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) exceeded analyst estimates by 9.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings.
내러티브 업데이트 • May 05WMB: Future Gas Assets And New Projects Will Shape Balanced ReturnsThe analyst fair value estimate for Williams Companies has increased by about $1 to $80.07, as analysts cite a series of price target hikes and upgrades across the Street that reference updated earnings models, stronger margin assumptions, and ongoing support for growth-focused spending. Analyst Commentary Recent research updates show a clear tilt toward more constructive views on Williams, with multiple firms lifting price targets and at least one high profile upgrade.
Declared Dividend • May 01Fourth quarter dividend of US$0.53 announcedShareholders will receive a dividend of US$0.53. Ex-date: 12th June 2026 Payment date: 29th June 2026 Dividend yield will be 2.7%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) nor is it covered by cash flows (286% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 3.8% to bring the payout ratio under control. EPS is expected to grow by 49% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
공시 • Apr 29The Williams Companies, Inc. Announces Quarterly Cash Dividend, Payable on June 29, 2026The Williams Companies, Inc. has approved a regular dividend of $0.525 per share, or $2.10 annualized, on the company’s common stock, payable on June 29, 2026, to holders of record at the close of business on June 12, 2026. This is a 5% increase from Williams’ 2025 quarterly dividend of $0.50 per share.
내러티브 업데이트 • Apr 21WMB: Future Clean Energy Expansion Will Face Persistent Execution Risk ConcernsThe updated fair value estimate for Williams Companies rises from $56.99 to $64.46 as analysts incorporate revised Street price targets, expectations for higher revenue growth, and a higher future P/E multiple, partially offset by lower projected profit margins. Analyst Commentary Recent Street research on Williams Companies has leaned constructive, with several firms lifting price targets and, in some cases, upgrading ratings.
공시 • Apr 15The Williams Companies, Inc. to Report Q1, 2026 Results on May 04, 2026The Williams Companies, Inc. announced that they will report Q1, 2026 results After-Market on May 04, 2026
Recent Insider Transactions Derivative • Apr 07Senior VP & General Counsel notifies of intention to sell stockTerence Wilson intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of April. If the sale is conducted around the recent share price of US$71.75, it would amount to US$144k. Since June 2025, Terence's direct individual holding has decreased from 245.33k shares to 232.07k. Company insiders have collectively bought US$10m more than they sold, via options and on-market transactions, in the last 12 months.
내러티브 업데이트 • Apr 06WMB: Future Capex And Gas Assets Will Shape Balanced Long Term ReturnsThe analyst price target for Williams Companies has moved higher, with the model fair value estimate shifting from $76.75 to $78.79 as analysts factor in updated growth capex expectations, revised EBITDA outlooks, and a series of recent target hikes and upgrades across the Street. Analyst Commentary Recent Street research on Williams Companies has been tilted toward higher price targets and more constructive ratings, with many firms updating models around growth capex plans, EBITDA outlooks, and new project optionality.
내러티브 업데이트 • Mar 23WMB: Future Gas Infrastructure Investments Will Support Long Term EBITDA VisibilityAnalysts have raised the Williams Companies fair value estimate to $90.00 from $89.00, citing a series of upward price target revisions and more constructive views on revenue growth, profit margins, and future P/E support across recent research updates. Analyst Commentary Recent research updates on Williams Companies have leaned constructive, with several bullish analysts lifting price targets and, in one case, adding the stock to a high-conviction idea list.
공시 • Mar 19The Williams Companies, Inc., Annual General Meeting, Apr 28, 2026The Williams Companies, Inc., Annual General Meeting, Apr 28, 2026. Location: meetnow.global/mhfnmg4, United States
내러티브 업데이트 • Mar 09WMB: Power Expansion And Gas Assets Will Shape Balanced Long Term ReturnsThe analyst fair value estimate for Williams Companies has been raised from $68.22 to $76.75, reflecting higher Street price targets in the $71 to $90 range as analysts incorporate updated models, growth capex plans and expectations for continued EBITDA strength. Analyst Commentary Street research on Williams Companies has clustered around higher price targets and generally constructive views, with most of the recent updates tied to refreshed models, growth capex plans and EBITDA expectations through and beyond 2030.
Upcoming Dividend • Mar 06Upcoming dividend of US$0.53 per shareEligible shareholders must have bought the stock before 13 March 2026. Payment date: 30 March 2026. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.3%).
Board Change • Mar 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. CEO, President & Director Chad Zamarin was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Feb 27Senior VP & General Counsel recently sold US$1.0m worth of stockOn the 24th of February, Terence Wilson sold around 14k shares on-market at roughly US$72.92 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$7.9m more than they bought in the last 12 months.
New Risk • Feb 26New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.2m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 285% Minor Risks High level of debt (195% net debt to equity). Significant insider selling over the past 3 months (US$1.2m sold).
Recent Insider Transactions • Feb 26Senior VP & General Counsel recently sold US$1.0m worth of stockOn the 24th of February, Terence Wilson sold around 14k shares on-market at roughly US$72.92 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$9.3m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Feb 25Senior VP & General Counsel notifies of intention to sell stockTerence Wilson intends to sell 27k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of February. If the sale is conducted around the recent share price of US$72.92, it would amount to US$2.0m. Since March 2025, Terence's direct individual holding has decreased from 323.65k shares to 296.65k. Company insiders have collectively sold US$8.3m more than they bought, via options and on-market transactions in the last 12 months.
내러티브 업데이트 • Feb 23WMB: Future Data Center Demand Will Support Long Term EBITDA VisibilityAnalysts have lifted their average fair value estimate for Williams Companies by about $8 to $89, reflecting a series of higher price targets across the Street and updated models following the Q4 report and recent analyst day. Analyst Commentary Bullish analysts have been revising their Williams models following the Q4 update and analyst day, and the result has been a series of higher price targets and rating changes.
Price Target Changed • Feb 20Price target increased by 7.0% to US$75.51Up from US$70.56, the current price target is an average from 21 analysts. New target price is approximately in line with last closing price of US$72.98. Stock is up 27% over the past year. The company is forecast to post earnings per share of US$2.24 for next year compared to US$2.14 last year.
Price Target Changed • Feb 18Price target increased by 7.6% to US$74.62Up from US$69.35, the current price target is an average from 22 analysts. New target price is approximately in line with last closing price of US$71.96. Stock is up 24% over the past year. The company is forecast to post earnings per share of US$2.27 for next year compared to US$2.14 last year.
Reported Earnings • Feb 11Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$2.14 (up from US$1.82 in FY 2024). Revenue: US$11.8b (up 10.0% from FY 2024). Net income: US$2.62b (up 18% from FY 2024). Profit margin: 22% (up from 21% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
내러티브 업데이트 • Feb 09WMB: Future Clean Energy Expansion Will Face Heightened Execution RiskNarrative Update Overview The analyst price target for Williams Companies has been lifted from US$56.36 to about US$56.99, with analysts pointing to refreshed modeling, higher price targets from several firms, and increased confidence in the company’s power generation offerings as key drivers of the change. Analyst Commentary Recent research updates point to a cluster of higher price targets for Williams Companies, with several firms refreshing their models and highlighting the company’s power generation offerings.
분석 기사 • Jan 31Williams Companies (NYSE:WMB) Will Pay A Larger Dividend Than Last Year At $0.525The board of The Williams Companies, Inc. ( NYSE:WMB ) has announced that it will be increasing its dividend by 5.0% on...
Declared Dividend • Jan 30Third quarter dividend increased to US$0.53Dividend of US$0.53 is 5.0% higher than last year. Ex-date: 13th March 2026 Payment date: 30th March 2026 Dividend yield will be 3.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) nor is it covered by cash flows (142% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 51% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
공시 • Jan 27The Williams Companies, Inc. Increases Regular Cash Dividend on Common Stock, Payable on March 30, 2026The Williams Companies, Inc. board of directors has approved a regular dividend of $0.525 per share, or $2.10 annualized, on the company’s common stock, payable on March 30, 2026, to holders of record at the close of business on March 13, 2026. This is a 5% increase from Williams’ fourth-quarter 2025 quarterly dividend of $0.50 per share, paid in December 2025.
내러티브 업데이트 • Jan 25WMB: Future Clean Energy Projects Will Face Heightened Execution And Policy RisksNarrative Update Analysts have lifted their implied fair value for Williams Companies to about $56.36 from roughly $54.55, citing updated assumptions for higher revenue growth, a different profit margin profile, and a slightly lower forward P/E multiple supported by recent price target increases from several firms. Analyst Commentary Recent Street research on Williams Companies has centered on adjustments to price targets and refreshed models, with several firms updating their views following management meetings and ahead of upcoming events such as analyst day.
공시 • Jan 23The Williams Companies, Inc. to Report Q4, 2025 Results on Feb 10, 2026The Williams Companies, Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 10, 2026
내러티브 업데이트 • Jan 11WMB: Power Generation Expansion Will Guide Returns Over The Next CycleAnalysts have raised their fair value estimate for Williams to about $68.22 from $67.70 as they incorporate updated revenue growth and profit margin assumptions, along with recent price target increases supported by growing confidence in the company’s power generation offerings. Analyst Commentary Recent Street research on Williams Companies points to a slightly higher fair value range, with price targets cited around the low US$70s.
내러티브 업데이트 • Dec 27WMB: Future Data Center Demand Will Drive Long Term EBITDA ExpansionWilliams Companies' analyst price target has been raised from $74.00 to about $80.91, as analysts point to a roll-forward of models, stronger long term EBITDA growth prospects, and incremental project driven base business expansion supporting higher valuation multiples. Analyst Commentary Bullish analysts have been lifting their price targets on Williams in response to improving long term fundamentals and a more constructive outlook for earnings growth.
내러티브 업데이트 • Dec 13WMB: Future Data Center And LNG Projects Will Drive Balanced Risk RewardAnalysts have raised their price targets for Williams Companies, which has driven our fair value estimate higher to about $54.55 from roughly $49.47. They highlight accelerating long term EBITDA growth, incremental project contributions, and increasing confidence that the company is well positioned to benefit from growing global natural gas infrastructure demand.
Upcoming Dividend • Dec 05Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 12 December 2025. Payment date: 29 December 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (4.0%).
내러티브 업데이트 • Nov 29WMB: Upcoming Expansion Projects And Data Center Demand Will Guide ReturnsWilliams Companies’ analyst fair value price target has been revised upward from $67.46 to $67.70. Analysts cite improved profit margins and accelerating revenue growth, supported by positive sector outlooks and advancing infrastructure projects.
내러티브 업데이트 • Nov 15WMB: Future Data Center Projects And Regulatory Advances Will Shape ReturnsThe analyst price target for Williams Companies has increased from approximately $67.22 to $67.46. Analysts cite growing project contributions and expectations for sector-leading EBITDA growth as key catalysts for the upward revision.
공시 • Nov 08Williams Secures Key Permits for Northeast Supply Enhancement ProjectWilliams announced a significant regulatory milestone for its Northeast Supply Enhancement (NESE) project, securing the Clean Water Act Section 401 and 404 permits from the New Jersey Department of Environmental Protection (NJDEP) as well as the Section 401 Water Quality Certification and related permits from the New York State Department of Environmental Conservation (NYSDEC). The NESE project is designed to improve energy affordability and reliability in New York City by expanding access to critical natural gas infrastructure and displacing high-emitting and costly fuel oil, which is delivered into New York City by diesel trucks. NESE will enhance energy security, lower costs, and reduce emissions, and the project is expected to generate over $1 billion in investment, create thousands of construction-related jobs, and deliver long-term benefits to New York residents and commercial energy users. In parallel, Williams continues to advance the Constitution Pipeline project, a pipeline in upstate New York that will serve markets in New York, Massachusetts, Connecticut, Rhode Island, Vermont and Maine. The company has withdrawn its current water permit application with NYSDEC and is preparing to follow up with additional filings to ensure that this critical infrastructure project obtains the regulatory approvals needed for construction and operation.
Reported Earnings • Nov 04Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: US$0.53 (down from US$0.58 in 3Q 2024). Revenue: US$2.92b (up 10% from 3Q 2024). Net income: US$646.0m (down 8.4% from 3Q 2024). Profit margin: 22% (down from 27% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 1.0%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
내러티브 업데이트 • Nov 01WMB: Expanding Infrastructure Will Capture Demand From Data Center Power ProjectsWilliams Companies' analyst price target has been modestly increased from $66.85 to $67.22. Analysts cite ongoing project contributions and sector-leading growth prospects as the basis for their upward revisions.
Declared Dividend • Oct 31Second quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 12th December 2025 Payment date: 29th December 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio) nor is it covered by cash flows (136% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 9.0% to bring the payout ratio under control. EPS is expected to grow by 44% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
공시 • Oct 28Williams Announces Quarterly Cash Dividend, Payable on December 29, 2025Williams’ board of directors has approved a regular dividend of $0.50 per share, or $2.00 annualized, on the company’s common stock, payable on December 29, 2025, to holders of record at the close of business on December 12, 2025. This is a 5.3% increase from Williams’ 2024 quarterly dividend of $0.4750 per share.
공시 • Oct 23JERA Americas Inc. reached an agreement to acquire unknown minority stake in South Mansfield upstream asset in Louisiana from The Williams Companies, Inc. (NYSE:WMB) for approximately $400 million.JERA Americas Inc. reached an agreement to acquire unknown minority stake in South Mansfield upstream asset in Louisiana from The Williams Companies, Inc. (NYSE:WMB) for approximately $400 million on October 22, 2025. In related transaction JERA Americas Inc. agreed to acquire South Mansfield E&P, LLC from The Williams Companies, Inc and majority stake in South Mansfield upstream asset in Louisiana. The consideration consist of $398 million plus deferred monthly payments through 2029 that are based on a predefined development plan. JERA acquiring its interest in the Haynesville asset, which currently produces more than 500 MMscfd and includes 200 undeveloped locations, through an upfront investment of $1.5 billion. The transaction includes a future investment plan under which JERA will increase total production to 1 Bscfd. The Haynesville Acquisition’s strategic value is supported by robust current production and proven reserves, established gathering, treating and transport infrastructure, and proximity to Gulf Coast LNG and data center hubs. The sale of South Mansfield upstream is subject to customary closing conditions, including approval from the Committee for Foreign Investments in the United States. Closing is expected to occur by the end of 2025.
분석 기사 • Oct 19A Look At The Fair Value Of The Williams Companies, Inc. (NYSE:WMB)Key Insights Williams Companies' estimated fair value is US$68.22 based on 2 Stage Free Cash Flow to Equity With...
내러티브 업데이트 • Oct 17Pipeline Network Expansions Will Drive LNG Export And Decarbonization MomentumThe analyst price target for Williams Companies has increased from $65.41 to $66.85. Analysts cite ongoing business growth, anticipated positive estimate revisions, and strong infrastructure demand as primary drivers for the upward revision.
공시 • Oct 15The Williams Companies, Inc. to Report Q3, 2025 Results on Nov 03, 2025The Williams Companies, Inc. announced that they will report Q3, 2025 results After-Market on Nov 03, 2025
내러티브 업데이트 • Oct 03Pipeline Network Expansions Will Drive LNG Export And Decarbonization MomentumThe analyst price target for Williams Companies has increased from $63.68 to $65.41, as analysts point to growing project contributions and expectations for sector-leading EBITDA growth, which are supporting the higher valuation. Analyst Commentary Recent Street research on Williams Companies continues to highlight both optimistic outlooks and lingering areas of caution.
분석 기사 • Sep 05Is Williams Companies (NYSE:WMB) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Upcoming Dividend • Sep 05Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 12 September 2025. Payment date: 29 September 2025. Payout ratio is on the higher end at 98%, and the cash payout ratio is above 100%. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (4.0%).
분석 기사 • Aug 19The Williams Companies, Inc.'s (NYSE:WMB) Business Is Trailing The Market But Its Shares Aren'tWith a price-to-earnings (or "P/E") ratio of 28.5x The Williams Companies, Inc. ( NYSE:WMB ) may be sending very...
Buy Or Sell Opportunity • Aug 07Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at US$57.89. The fair value is estimated to be US$72.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.4%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 27% in the next 2 years.
Reported Earnings • Aug 05Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$0.45 (up from US$0.33 in 2Q 2024). Revenue: US$2.75b (up 11% from 2Q 2024). Net income: US$546.0m (up 36% from 2Q 2024). Profit margin: 20% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 6.0%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Aug 01First quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 12th September 2025 Payment date: 29th September 2025 Dividend yield will be 3.3%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio) nor is it covered by cash flows (120% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control. EPS is expected to grow by 37% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
공시 • Jul 29The Williams Companies, Inc. Approves Regular Dividend on Common Stock, Payable on September 29, 2025Williams’ board of directors has approved a regular dividend of $0.50 per share, or $2.00 annualized, on the company’s common stock, payable on September 29, 2025, to holders of record at the close of business on September 12, 2025.
공시 • Jul 16The Williams Companies, Inc. to Report Q2, 2025 Results on Aug 04, 2025The Williams Companies, Inc. announced that they will report Q2, 2025 results at 4:00 PM, Eastern Standard Time on Aug 04, 2025
공시 • Jun 30+ 3 more updatesThe Williams Companies, Inc. Announces Changes to its BoardThe Williams Companies, Inc. announced several changes in its board leadership. Alan Armstrong will become executive chairman of the Williams Board of Directors, while Chad Zamarin, currently executive vice president of corporate strategic development, will join the board. Stephen Bergstrom, the current board chairman, will transition to lead independent director. Zamarin, a Chicago native, launched Williams' New Energy Ventures and the Power Innovation group, focusing on bringing natural gas to the country's rapidly expanding data centers.
분석 기사 • Jun 18Are Investors Undervaluing The Williams Companies, Inc. (NYSE:WMB) By 21%?Key Insights Williams Companies' estimated fair value is US$74.36 based on 2 Stage Free Cash Flow to Equity Current...
Buy Or Sell Opportunity • Jun 16Now 21% undervaluedOver the last 90 days, the stock has risen 1.3% to US$59.15. The fair value is estimated to be US$74.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
Upcoming Dividend • Jun 06Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 30 June 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (4.2%).
Buy Or Sell Opportunity • May 29Now 20% undervaluedOver the last 90 days, the stock has risen 3.6% to US$60.27. The fair value is estimated to be US$75.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
Reported Earnings • May 06First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$0.56 (up from US$0.52 in 1Q 2024). Revenue: US$3.05b (up 9.6% from 1Q 2024). Net income: US$690.0m (up 9.4% from 1Q 2024). Profit margin: 23% (in line with 1Q 2024). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 06+ 1 more updateThe Williams Companies, Inc. Announces CEO Changes, Effective July 1, 2025The Williams Companies, Inc. announced that Chad J. Zamarin has been named Chief Executive Officer of the Company, effective July 1, 2025, succeeding Alan S. Armstrong. Mr. Armstrong will continue to serve as Chief Executive Officer until July 1, 2025, at which point he will become Executive Chairman of the Board. Mr. Zamarin, age 48, has served as the Company’s Executive Vice President, Corporate Strategic Development since January 2023. From 2017 to 2023, Mr. Zamarin was Senior Vice President, Corporate Strategic Development of the Company. From 2017 to 2018, he was also Director of the general partner of Williams Partners, L.P., the master limited partnership, that prior to its 2018 merger with the Company, owned most of the Company’s gas pipeline and domestic midstream assets. Prior to joining the Company, he served as President – Pipeline and Midstream for Cheniere Energy, Inc. from 2014 to 2017. Mr. Zamarin graduated with a bachelor’s degree in materials engineering from Purdue University and holds a Master of Business Administration from the University of Houston.
Declared Dividend • May 02Fourth quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 13th June 2025 Payment date: 30th June 2025 Dividend yield will be 3.3%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) nor is it covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control. EPS is expected to grow by 35% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
공시 • Apr 29Williams Announces Quarterly Cash Dividend, Payable on June 30, 2025Williams’ board of directors has approved a regular dividend of $0.50 per share, or $2.00 annualized, on the company’s common stock, payable on June 30, 2025, to holders of record at the close of business on June 13, 2025. This is a 5.3% increase from Williams’ 2024 quarterly dividend of $0.4750 per share.
공시 • Apr 25The Williams Companies, Inc. Announces Appointment of Larry Larsen as Executive Vice President and Chief Operating Officer, Effective May 3, 2025The Williams Companies, Inc. announced that Larry Larsen has been appointed Executive Vice President and Chief Operating Officer (COO), overseeing all aspects of the company’s transmission, storage and gathering and processing operations, effective May 3, 2025. Larsen will replace Micheal Dunn, who announced his planned retirement from Williams last month. Larsen currently serves as Williams Senior Vice President, Gathering and Processing. Larsen joined Williams in 1999, working within the Northwest Pipeline franchise. He then served as vice president, Central Services, where he led the teams responsible for Williams’ supply chain, commodity services (volume management, systems planning, commodity optimization and commercial contracts), NGL and gas marketing, measurement and pipeline control functions. In 2018, he became vice president-general manager for Williams’ Rocky Mountain Midstream franchise and was responsible for all commercial activities and the safe, reliable operations of the area’s growing assets. In 2020, he became vice president, Strategic Development, where he led Williams’ corporate strategy, market intelligence and corporate development efforts before assuming his current role of senior vice president, Gathering and Processing in 2022, where he leads all onshore G&P, NGL transmission, storage and fractionation businesses. Larsen earned a Bachelor of Science degree in Mechanical Engineering from the University of Utah.
공시 • Apr 15The Williams Companies, Inc. to Report Q1, 2025 Results on May 05, 2025The Williams Companies, Inc. announced that they will report Q1, 2025 results After-Market on May 05, 2025
Board Change • Apr 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. Independent Director Carri Lockhart was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Mar 14Micheal Dunn to Retire as Executive Vice President and Chief Operating Officer of The Williams Companies, IncWilliams announced that Micheal Dunn, executive vice president and chief operating officer, will retire, effective May 2, 2025. Under Micheal’s leadership, Williams successfully completed several large-scale infrastructure projects, including Atlantic Sunrise and Regional Energy Access, as well as multiple expansion projects along Transco, Northwest Pipeline and in the Deepwater Gulf, in addition to integrating multiple acquisitions. He has placed strong focus on achieving regulatory compliance and optimizing operations to enhance Williams’ competitive advantage and advance the execution of Williams' natural gas-focused strategy. Dunn began his career with Williams in 1988 and spent 14 years with the company in its gas pipeline business before transitioning to leadership roles at Kern River and PacificCorp Energy. Prior to rejoining Williams in 2017, Dunn served as President of Questar Pipeline and Executive Vice President of Questar Corporation.
Upcoming Dividend • Mar 07Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 14 March 2025. Payment date: 31 March 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.7%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (4.2%).
Recent Insider Transactions • Mar 02Insider recently sold US$1.5m worth of stockOn the 27th of February, Chad Teply sold around 26k shares on-market at roughly US$56.46 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$4.0m more than they bought in the last 12 months.
New Risk • Feb 13New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Cash payout ratio: 106% Minor Risk Profit margins are more than 30% lower than last year (21% net profit margin).
Reported Earnings • Feb 13Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: US$1.82 (down from US$2.69 in FY 2023). Revenue: US$10.8b (up 8.1% from FY 2023). Net income: US$2.22b (down 32% from FY 2023). Profit margin: 21% (down from 33% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.7%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 25% per year.
Declared Dividend • Jan 31Third quarter dividend increased to US$0.50Dividend of US$0.50 is 5.3% higher than last year. Ex-date: 14th March 2025 Payment date: 31st March 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Jan 28+ 1 more updateFederal Energy Regulatory Commission Reinstates Certificate for Transco's Regional Energy Access ExpansionThe Williams Companies, Inc. announced that the Federal Energy Regulatory Commission (FERC) issued an Order on Remand Reinstating Certificate and Abandonment Authorization to Transco for the Regional Energy Access Expansion (REA), January 24, 2025. The Order reinstates the certificate for REA as issued in its original certificate order and will take effect immediately upon the issuance of the mandate by the D.C. Circuit Court of Appeals. The REA project provides critical access to gas supplies, easing supply constraints, and delivering reliable service to customers in New Jersey, New York, Pennsylvania, and Maryland, with the capacity to provide enough natural gas to serve approximately 4.4 million homes annually. Recently, natural gas volumes on Transco have surged due to frigid temperatures, in addition to normal demand in the power and industrial sectors. This led Transco to achieve another all-time peak day on January 23, 2025, with a total volume of 19.17 Bcf/d.
공시 • Jan 24The Williams Companies, Inc. to Report Q4, 2024 Results on Feb 12, 2025The Williams Companies, Inc. announced that they will report Q4, 2024 results After-Market on Feb 12, 2025
Seeking Alpha • Jan 13The Williams Companies: Not Best Of Breed, But Good EnoughSummary The Williams Companies boasts low leverage and stable operations, making it a solid investment despite recent mixed financial results and slightly higher valuation compared to peers. Revenue growth driven by acquisitions and expansion projects, with notable increases in the Transmission & Gulf of Mexico and West segments. Cash flows and net profits have risen, with adjusted operating cash flow and 'true free cash flow' expected to grow further in 2025. Despite its lower yield and payout ratio compared to competitors, The Williams Companies remains a soft 'buy' due to its quality and potential for continued market outperformance. Read the full article on Seeking Alpha
Seeking Alpha • Dec 19Pipelines, Profits, And Power: The Williams Companies' Mission-Critical EmpireSummary The Williams Companies is a cornerstone of America's energy infrastructure, leveraging its massive pipeline network to meet growing natural gas demand with minimal commodity price exposure. Despite resilient earnings and consistent dividend growth, WMB's current valuation limits immediate upside, making it a compelling watchlist candidate for long-term investors. Strategic investments in high-return projects and a robust balance sheet position WMB well for future expansion as infrastructure demand outpaces supply. While the current yield is lower compared to peers, WMB's stable cash flow and favorable industry trends offer long-term capital appreciation potential. Read the full article on Seeking Alpha
Upcoming Dividend • Dec 06Upcoming dividend of US$0.47 per shareEligible shareholders must have bought the stock before 13 December 2024. Payment date: 30 December 2024. Payout ratio and cash payout ratio are on the higher end at 79% and 77% respectively. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (3.9%).
Seeking Alpha • Nov 24Williams Companies Is Now OvervaluedSummary Williams Companies has seen a 30% return versus 5% for the S&P 500, but is now overvalued. Despite steady growth, the company's adjusted EBITDA and AFFO yields are modest, with a 2.33x dividend coverage ratio and a 3.18% yield. The company's growth is slowing, with fewer expansion projects and a long-term adjusted EBITDA growth rate of ~6%. Given its higher valuation and slower growth, Williams Companies is a SELL, as it struggles to deliver strong shareholder returns compared to peers. Read the full article on Seeking Alpha
Price Target Changed • Nov 15Price target increased by 7.6% to US$53.38Up from US$49.59, the current price target is an average from 19 analysts. New target price is 5.6% below last closing price of US$56.55. Stock is up 60% over the past year. The company is forecast to post earnings per share of US$1.88 for next year compared to US$2.69 last year.
Declared Dividend • Nov 08Third quarter dividend of US$0.47 announcedShareholders will receive a dividend of US$0.47. Ex-date: 13th December 2024 Payment date: 30th December 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 07Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$0.58 (up from US$0.54 in 3Q 2023). Revenue: US$2.65b (up 4.7% from 3Q 2023). Net income: US$706.0m (up 8.0% from 3Q 2023). Profit margin: 27% (in line with 3Q 2023). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 38%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
공시 • Nov 05Williams Announces Quarterly Cash Dividend, Payable on December 30, 2024Williams’ board of directors has approved a regular dividend of $0.4750 per share, or $1.90 annualized, on the company’s common stock, payable on December 30, 2024, to holders of record at the close of business on December 13, 2024.
공시 • Oct 18The Williams Companies, Inc. to Report Q3, 2024 Results on Nov 06, 2024The Williams Companies, Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024
Seeking Alpha • Oct 15Williams Companies: Upside Should Keep FlowingSummary The Williams Companies, Inc. has outperformed the S&P 500, with shares up 19.2% since June and 207.5% since July 2016, including distributions. Despite some weaknesses, Williams remains robust in cash flow, warranting a soft ‘buy’ rating, though a 10% price increase may prompt a downgrade. Recent financials show a decline in revenue, profits, and cash flows, largely due to losses from commodity derivatives, with most segments showing growth. Williams Companies is attractively priced with a low net leverage ratio and a lower yield compared to competitors, making it a solid long-term investment. Read the full article on Seeking Alpha
Seeking Alpha • Sep 25The Williams Companies: 4.1% Yield, But Likely Fairly Valued (Rating Downgrade)Summary Williams Companies is a growing midstream firm with significant, long-term EBITDA and cash flow upside. The company has a strong dividend coverage profile and pays a growing dividend, making it a solid long-term income growth bet. Key growth drivers include the TransCo pipeline and increasing energy demand, with projected EBITDA growth to $7.4B by FY 2025. Shares are trading slightly above my fair value estimate, but consistent dividend coverage and growth support an investment. Read the full article on Seeking Alpha