WMB Williams Companies, Inc. (The) Common Stock
NYSE · Energy · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 3, 2026WMB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| Jan. 3, 2012 | 579-for-472 | Forward |
| April 24, 2001 | 500-for-459 | Forward |
| Dec. 30, 1997 | 2-for-1 | Forward |
| Dec. 31, 1996 | 3-for-2 | Forward |
| Nov. 8, 1993 | 2-for-1 | Forward |
About Williams Companies, Inc. (The) Common Stock Company overview from Wikipedia
The Williams Companies, Inc. is an American energy company based in Tulsa, Oklahoma. Its core business is natural gas processing and transportation, with additional petroleum and electricity generation assets. A Fortune 500 company, its common stock is a component of the S&P 500.
History
It was founded as Williams Brothers in 1908 by Miller and David Williams in Fort Smith, Arkansas, and soon expanded to building nationwide pipelines for natural gas and petroleum. The company relocated to Tulsa in 1919. In 1949, John H. Williams, a nephew of the founders, together with his brother Charles Williams and David's son David Williams Jr., bought the business from the founders, along with Roger Walker whose son Bryan J. Walker later in 2017 took ownership stakes; John H. Williams remained as president of the company until 1971 and CEO until 1979.
The company went public in 1957 under the Williams Brothers name. As it diversified in the 1970s, it was renamed The Williams Companies, Inc. Since 1997, their brand identity has been simplified to "Williams".
In 1966, Williams bought the then-largest petroleum products pipeline in America, known as the Great Lakes Pipeline Company, for about $287 million. In 1982, it expanded into natural gas transportation with the purchase of Northwest Energy Company, and extended their reach to the East Coast with the 1995 purchase of Transco Energy Company.
In 2001, Williams acquired Barrett Resources, which provided them with additional national gas reserves.
In 2002, the company found itself in financial distress due to changed market conditions, its competition with Enron Corp. and the large debt of its subsidiary Williams Communications Group. The company obtained and paid off an emergency high interest loan from Warren Buffett to stay out of bankruptcy, and redirected its focus toward natural gas production, processing, and transportation as well as increasing its resource holdings. One of the moves it made around that time (2004) was the sale of two of Canada's largest natural gas straddle plants, and its interest in another to Inter Pipeline Fund for US$540 million.
In 2010, the company underwent a major restructuring that included a reorganization of its extensive pipeline holdings in Williams Partners LP. In October 2010, Williams and Williams Partners LP announced that chairman and chief executive officer Steve Malcolm would retire at the end of the year. The board of directors at Williams said it had elected Alan Armstrong to succeed Malcolm as CEO effective January 3, 2011. Armstrong had served as senior vice president of Williams since 2002.
On February 16, 2011, Williams' board of directors had approved pursuing a plan to separate the company's businesses into two stand-alone, publicly traded corporations. The plan calls for Williams to separate its exploration and production business via an initial public offering in the third quarter of 2011 of up to 20 percent of its interest and, in 2012, a tax-free spinoff to Williams shareholders of its remaining interest. The company's former exploration and production business, WPX Energy Inc., began trading on the New York Stock Exchange on Jan. 3, 2011. The spinoff was completed with the Dec. 31, 2011, distribution of one share of WPX Energy common stock for every three shares of Williams common stock. Williams became an infrastructure company, and many of its pipeline assets are held through the master limited partnership Williams Partners LP.
In September 2015, Williams agreed to a US$32.6 billion takeover offer from Energy Transfer, however the acquisition was terminated by Energy Transfer in June 2016. Energy Transfer was later ordered to pay Williams a breakup fee of US$410 million.
Telecommunications
The company helped to get the modern telecommunications industry off the ground by running fiber optic cable through its decommissioned pipelines. It built two nationwide networks, which subsequently spun off into separate companies. The first was sold in 1995 to LDDS, which would become WorldCom & then MCI). The second was spun off in 2001 as Williams Communications, filed for bankruptcy the following year, adopted the name WilTel Communications, and ultimately was acquired by and consolidated into Level 3 Communications.
Lawsuits and fines
In 2002, Williams Communications Group was sued because company officials did not properly disclose the failing company's true financial condition, the officials' public statements belied the firm's plummeting fiscal picture. In 2007, the Williams Companies agreed to pay $290 million.
Boardwalk Pipeline Partners and the Williams Companies were fined $2.4 million for 18 incidents that took place between 2006 and 2013. These incidents included one where they failed to monitor corrosion and another, where they waited to repair a natural gas line showing metal loss in Kentucky.
Restatement
On March 1, 1999, Jack D. McCarthy, chief financial officer, said the company's additional review and its annual audit process resulted in
the previously announced 1998 pre-tax income being adjusted downward by $21.2 million.
On September 16, 2004, Williams Cos. said it amended its fiscal 2003 and first-quarter 2004 filings with the Securities and Exchange Commission to show a reclassification to its discontinued operations and a segment reporting change.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | WMB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 28.15Y avg ≈22.4 | ≈22.4 | 19.5 | Overvalued | |
| PEG Ratio | ≈0.4 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | WMB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 38.2%5Y avg ≈31.7% | ≈31.7% | 34.4% | In line | |
| EBITDA Margin (TTM) | 57.3%5Y avg ≈50.8% | ≈50.8% | 42.8% | Top tier | |
| Pretax Margin (TTM) | 34.7%5Y avg ≈28.4% | ≈28.4% | 29.5% | Top tier | |
| Net Profit Margin (TTM) | 25.2%5Y avg ≈21.0% | ≈21.0% | 23.2% | Top tier | |
| ROA (TTM) | 5.3%5Y avg ≈4.5% | ≈4.5% | 7.8% | Weak | |
| ROE (TTM) | 24.0%5Y avg ≈19.2% | ≈19.2% | 18.9% | In line | |
| ROIC | 23.7%5Y avg ≈21.6% | ≈21.6% | 22.4% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | WMB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.05Y avg ≈0.0 | ≈0.0 | 1.4 | Low debt | |
| Current Ratio (MRQ) | 0.55Y avg ≈0.7 | ≈0.7 | 0.9 | Low liquidity | |
| Quick Ratio | 0.35Y avg ≈0.5 | ≈0.5 | 0.5 | Low liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | WMB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 13.8%5Y avg ≈10.1% | ≈10.1% | · | · | |
| Revenue CAGR 3Y | 2.9%5Y avg ≈4.9% | ≈4.9% | · | · | |
| Revenue CAGR 5Y | 9.1% | · | · | · | |
| EPS YoY | 17.6%5Y avg ≈141.5% | ≈141.5% | · | · | |
| Net Income YoY | 17.7%5Y avg ≈139.4% | ≈139.4% | · | · | |
| EPS CAGR 3Y | 8.6%5Y avg ≈56.8% | ≈56.8% | · | · | |
| EPS CAGR 5Y | 66.0% | · | · | · | |
| Net Income CAGR 3Y | 8.5%5Y avg ≈56.4% | ≈56.4% | · | · | |
| Net Income CAGR 5Y | 65.5% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | WMB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.25Y avg ≈0.2 | ≈0.2 | 0.5 | Weak | |
| Receivables Turnover | 6.15Y avg ≈5.8 | ≈5.8 | 11.8 | Weak | |
| Revenue / Employee | ≈$2.0M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 11, 2026 | $0.53 | USD | ≈2.8% |
| Jun 12, 2026 | $0.53 | USD | ≈2.8% |
| Mar 13, 2026 | $0.53 | USD | ≈2.8% |
| Dec 12, 2025 | $0.50 | USD | ≈3.3% |
| Sep 12, 2025 | $0.50 | USD | ≈3.4% |
| Jun 13, 2025 | $0.50 | USD | ≈3.3% |
| Mar 14, 2025 | $0.50 | USD | ≈3.4% |
| Dec 13, 2024 | $0.48 | USD | ≈3.5% |
| Sep 13, 2024 | $0.48 | USD | ≈4.2% |
| Jun 7, 2024 | $0.48 | USD | ≈4.5% |
| Mar 7, 2024 | $0.48 | USD | ≈5.1% |
| Dec 7, 2023 | $0.45 | USD | ≈5.1% |
| Sep 8, 2023 | $0.45 | USD | ≈5.2% |
| Jun 9, 2023 | $0.45 | USD | ≈5.7% |
| Mar 10, 2023 | $0.45 | USD | ≈6.0% |
| Dec 8, 2022 | $0.43 | USD | ≈5.2% |
| Sep 8, 2022 | $0.43 | USD | ≈5.3% |
| Jun 9, 2022 | $0.43 | USD | ≈4.7% |
| Mar 10, 2022 | $0.43 | USD | ≈5.1% |
| Dec 9, 2021 | $0.41 | USD | ≈6.2% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 3, 2026 | $0.67 | $0.51 | 30.1% |
| March 31, 2026 | $0.73 | $0.63 | 16.0% | |
| Dec. 31, 2025 | $0.72 | $0.57 | 25.3% | |
| Sept. 30, 2025 | $0.53 | $0.52 | 2.5% | |
| June 30, 2025 | $0.45 | $0.48 | -6.3% | |
| March 31, 2025 | $0.57 | $0.57 | 0.14% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.95B | $10.50B | $10.91B | $10.96B | $10.63B | $7.72B | $8.20B | $8.69B | $8.03B | $7.50B | $7.36B | $7.64B | |
| SG&A Expense | $721M | $708M | $665M | $636M | $558M | $466M | $558M | $569M | $594M | $722M | $741M | $661M | |
| Operating Expenses | $7.75B | $7.16B | $6.60B | $7.95B | $8.00B | $5.52B | $6.28B | $7.92B | $7.10B | $6.81B | $7.13B | $6.07B | |
| Operating Income | $4.20B | $3.34B | $4.31B | $3.02B | $2.63B | $2.20B | $1.92B | $768M | $927M | $689M | $226M | $1.57B | |
| Interest Expense | · | · | $1.24B | $1.15B | $1.18B | $1.17B | $1.19B | $1.11B | $1.08B | $1.18B | $1.04B | $747M | |
| Interest Income | $40M | $67M | $79M | $15M | $7M | · | · | · | · | · | · | $43M | |
| Other Non-op | $69M | $108M | $99M | $18M | $6M | $-43M | $33M | $92M | $-25M | $85M | $102M | $31M | |
| Pretax Income | $3.62B | $2.99B | $4.41B | $2.54B | $2.07B | $277M | $1.06B | $331M | $535M | $-375M | $-1.71B | $3.58B | |
| Income Tax | $857M | $640M | $1.00B | $425M | $511M | $79M | $335M | $138M | $-1.97B | $-25M | $-399M | $1.25B | |
| Net Income | $2.62B | $2.23B | $3.18B | $2.05B | $1.52B | $211M | $850M | $-155M | $2.17B | $-424M | $-571M | $2.11B | |
| EPS (Basic) | $2.14 | $1.82 | $2.61 | $1.68 | $1.25 | $0.17 | $0.70 | $-0.16 | $2.63 | $-0.57 | $-0.76 | $2.94 | |
| EPS (Diluted) | $2.14 | $1.82 | $2.60 | $1.67 | $1.24 | $0.17 | $0.70 | $-0.16 | $2.62 | $-0.57 | $-0.76 | $2.92 | |
| Shares (Basic) | 1,221,000,000 | 1,219,000,000 | 1,218,000,000 | 1,218,362,000 | 1,215,221,000 | 1,213,631,000 | 1,212,037,000 | 973,626,000 | 826,177,000 | 750,673,000 | 749,271,000 | 719,325,000 | |
| Shares (Diluted) | 1,225,000,000 | 1,223,000,000 | 1,223,000,000 | 1,222,672,000 | 1,218,215,000 | 1,215,165,000 | 1,214,011,000 | 973,626,000 | 828,518,000 | 750,673,000 | 749,271,000 | 723,641,000 | |
| EBITDA | $6.54B | $5.56B | $6.38B | $5.03B | $4.47B | $3.92B | $3.63B | $2.49B | $2.64B | $2.46B | $1.96B | $2.75B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | $152M | $1.68B | $142M | $289M | $168M | $899M | $170M | $100M | $240M | |
| Receivables | $2.08B | $1.86B | $1.66B | $2.72B | $1.98B | $999M | $996M | $992M | $976M | $938M | $1.04B | $1.14B | |
| Inventory | $314M | $279M | $274M | $320M | $379M | $136M | $125M | $130M | $113M | $138M | $127M | $231M | |
| Other Current Assets | $256M | $191M | $195M | $279M | $211M | $149M | $170M | $174M | $191M | $216M | $259M | $213M | |
| Current Assets | $3.24B | $2.66B | $4.51B | $3.80B | $4.55B | $1.43B | $1.58B | $1.46B | $2.18B | $1.46B | $1.53B | $1.89B | |
| PP&E (Net) | $42.00B | $38.69B | $34.31B | $30.89B | $29.26B | $28.93B | $29.20B | $27.50B | $28.21B | $28.43B | $29.58B | $28.08B | |
| PP&E (Gross) | $62.01B | $57.40B | $51.84B | $47.06B | $44.18B | $42.49B | $41.51B | $38.66B | $39.51B | $38.91B | $39.04B | $36.44B | |
| Accum. Depreciation | $20.01B | $18.70B | $17.53B | $16.17B | $14.93B | $13.56B | $12.31B | $11.16B | $11.30B | $10.48B | $9.46B | $8.35B | |
| Goodwill | $466M | $466M | $463M | $0 | $0 | · | $188M | $0 | $47M | · | $47M | $1.12B | |
| Intangibles | · | · | · | · | · | · | · | · | · | · | $9.97B | $10.45B | |
| Other Non-current Assets | $2.01B | $1.83B | $1.57B | $1.32B | $1.28B | $1.20B | $1.07B | $746M | $619M | $581M | $561M | $511M | |
| Total Assets | $58.57B | $54.53B | $52.63B | $48.43B | $47.61B | $44.16B | $46.04B | $45.30B | $46.35B | $46.84B | $49.02B | $50.45B | |
| Accounts Payable | $2.22B | $1.61B | $1.38B | $2.33B | $1.75B | $482M | $552M | $662M | $978M | $623M | $744M | $865M | |
| Accrued Liabilities | · | · | $1.28B | $1.27B | $1.03B | $944M | $1.28B | $1.10B | $1.17B | $1.45B | $1.08B | $900M | |
| Short-term Debt | $700M | $455M | $725M | $350M | $0 | · | $0 | $0 | $0 | $93M | $499M | $798M | |
| Current Liabilities | $6.11B | $5.31B | $5.83B | $4.89B | $4.97B | $2.32B | $3.97B | $1.81B | $2.65B | $2.95B | $2.50B | $2.57B | |
| Capital Leases | $151M | $142M | $148M | $148M | $141M | $161M | $188M | · | · | · | · | · | |
| Deferred Tax | · | · | · | · | · | · | · | $1.52B | $3.15B | $4.24B | $4.22B | $4.71B | |
| Total Debt | $700M | $455M | $725M | $350M | · | · | · | · | $0 | $93M | $499M | $798M | |
| Common Stock | $1.26B | $1.26B | $1.26B | $1.25B | $1.25B | $1.25B | $1.25B | $1.25B | $861M | $785M | $784M | $782M | |
| Retained Earnings | $-12.24B | $-12.40B | $-12.29B | $-13.27B | $-13.24B | $-12.75B | $-11.00B | $-10.00B | $-8.43B | $-9.65B | $-7.96B | $-5.55B | |
| Treasury Stock | $1.18B | $1.18B | $1.18B | $1.05B | $1.04B | $1.04B | $1.04B | $1.04B | $1.04B | $1.04B | $1.04B | $1.04B | |
| AOCI | $127M | $76M | $0 | $-24M | $-33M | $-96M | $-199M | $-270M | $-238M | $-339M | $-442M | $-341M | |
| Stockholders' Equity | $12.81B | $12.44B | $12.40B | $11.48B | $11.42B | $11.77B | $13.36B | $14.66B | $9.66B | $4.64B | $6.15B | $8.78B | |
| Liabilities + Equity | $58.57B | $54.53B | $52.63B | $48.43B | $47.61B | $44.16B | $46.04B | $45.30B | $46.35B | $46.84B | $49.02B | $50.45B |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2.35B | $2.22B | $2.07B | $2.01B | $1.84B | $1.72B | $1.71B | $1.73B | $1.74B | $1.76B | $1.74B | $1.18B | |
| Stock-based Comp | $93M | $99M | $77M | $73M | $81M | $52M | $57M | $55M | $78M | $73M | $82M | $53M | |
| Deferred Tax | $744M | $506M | $981M | $431M | $509M | $108M | $379M | $220M | $-2.01B | $-26M | $-337M | $1.25B | |
| Amort. of Intangibles | · | · | · | · | · | $328M | $324M | $333M | $347M | $356M | $353M | $209M | |
| Other Non-cash | $96M | $-75M | $-370M | $327M | $-4M | $1.40B | $693M | $1.45B | $580M | $2.28B | $1.77B | $-2.47B | |
| Operating Cash Flow | $5.90B | $4.97B | $5.94B | $4.89B | $3.94B | $3.50B | $3.69B | $3.29B | $3.09B | $4.16B | $2.71B | $2.12B | |
| CapEx | $4.89B | $2.57B | $2.52B | $2.25B | $1.24B | $1.24B | $2.11B | $3.26B | $2.40B | $2.05B | $3.17B | $4.03B | |
| Investing Cash Flow | $-5.49B | $-4.86B | $-3.89B | $-3.38B | $-1.47B | $-1.56B | $-2.83B | $-2.73B | $100M | $-891M | $-3.30B | $-10.16B | |
| Debt Issued | $4.94B | $3.59B | $2.75B | $1.75B | $2.15B | $3.90B | $767M | $3.93B | $3.33B | $6.53B | $9.77B | $7.32B | |
| Net Debt Issued | $2.11B | $648M | $2.12B | $-1.12B | $1.26B | $58M | $-142M | $722M | $-2.59B | $-563M | $3.26B | $5.49B | |
| Stock Issued | $9M | $10M | $6M | $54M | $9M | $9M | $10M | $15M | $2.13B | $9M | $27M | $3.42B | |
| Stock Repurchased | $0 | $0 | $130M | $9M | $0 | · | · | · | · | · | · | · | |
| Net Stock Activity | $9M | $10M | $-124M | $54M | $9M | $9M | $10M | $15M | $2.13B | $9M | $27M | $3.42B | |
| Dividends Paid | $2.44B | $2.32B | $2.18B | $2.07B | $1.99B | $1.94B | $1.84B | $1.39B | $992M | $1.26B | $1.84B | $1.41B | |
| Financing Cash Flow | $-406M | $-2.20B | $-49M | $-3.04B | $-942M | $-2.08B | $-745M | $-1.30B | $-2.46B | $-3.19B | $451M | $7.60B | |
| Net Change in Cash | $3M | $-2.09B | $2.00B | $-1.53B | $1.54B | $-147M | $121M | $-731M | $729M | $70M | $-140M | $-441M | |
| Taxes Paid | · | · | · | · | · | · | · | $11M | $28M | $5M | $-136M | $29M | |
| Free Cash Flow | $1.00B | $2.40B | $3.42B | $2.64B | $2.71B | $2.26B | $1.58B | $37M | $157M | $1.61B | $-489M | $-1.92B | |
| Levered FCF | · | · | $2.47B | $1.68B | $1.82B | $1.42B | $771M | $-611M | $-4.92B | $513M | $-1.29B | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 35.1% | 31.8% | 39.5% | 27.5% | 24.8% | 28.5% | 23.4% | 8.8% | 11.3% | 9.3% | 3.1% | 20.5% | |
| Net Margin | 21.9% | 21.2% | 29.1% | 18.7% | 14.3% | 2.7% | 10.4% | -1.8% | 27.1% | -5.7% | -7.8% | 27.7% | |
| Pretax Margin | 30.3% | 28.4% | 40.4% | 23.2% | 19.5% | 3.6% | 13.0% | 3.8% | 6.7% | -5.0% | -23.3% | 46.9% | |
| EBITDA Margin | 54.8% | 52.9% | 58.5% | 45.9% | 42.1% | 50.8% | 44.3% | 28.7% | 32.9% | 32.8% | 26.7% | 35.9% | |
| ROA | 4.6% | 4.2% | 6.3% | 4.3% | 3.3% | 0.47% | 1.9% | -0.34% | 4.7% | -0.88% | -1.1% | 5.4% | |
| ROE | 20.7% | 17.9% | 26.6% | 17.9% | 13.1% | 1.7% | 6.1% | -1.3% | 30.4% | -7.9% | -7.6% | 31.0% | |
| ROIC | 23.7% | 20.3% | 25.4% | 21.2% | 17.3% | 13.4% | 9.8% | 3.0% | 43.9% | 13.8% | 2.6% | 10.7% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.5 | 0.5 | 0.8 | 0.8 | 0.9 | 0.6 | 0.4 | 0.8 | 0.8 | 0.5 | 0.6 | 0.7 | |
| Quick Ratio | 0.3 | 0.4 | 0.3 | 0.6 | 0.7 | 0.5 | 0.3 | 0.6 | 0.7 | 0.4 | 0.5 | 0.5 | |
| Debt / Equity | 0.1 | 0.0 | 0.1 | 0.0 | · | · | · | · | 0.0 | 0.0 | 0.1 | 0.1 | |
| Interest Coverage | · | · | 3.5 | 2.6 | 2.2 | 1.9 | 1.6 | 0.7 | 0.8 | 0.6 | 0.2 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | |
| Receivables Turnover | 6.1 | 6.0 | 5.0 | 4.7 | 7.1 | 7.7 | 8.3 | 8.8 | 8.4 | 7.6 | 6.8 | 8.4 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $9.76 | $8.59 | $8.92 | $8.97 | $8.72 | $6.35 | $6.76 | $8.92 | $9.69 | $9.99 | $9.82 | $10.55 | |
| Cash Flow / Share | $4.81 | $4.07 | $4.86 | $4.00 | $3.24 | $2.88 | $3.04 | $3.38 | $3.08 | $4.88 | $3.57 | $2.92 | |
| Dividend / Share | $2.00 | $1.90 | $1.79 | $1.70 | $1.64 | $1.60 | $1.52 | $1.36 | $1.20 | $1.68 | $2.45 | $1.96 | |
| EPS (TTM) | $2.14 | $1.82 | $2.60 | $1.67 | $1.24 | $0.17 | $0.70 | $-0.16 | $2.62 | $-0.57 | $-0.76 | $2.92 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 13.8% | -3.7% | -0.53% | 3.2% | 37.7% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 2.9% | -0.39% | 12.2% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 9.1% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 17.6% | -30.0% | 55.7% | 34.7% | 629.4% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 8.6% | 13.6% | 148.2% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 66.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 17.7% | -30.0% | 55.1% | 35.1% | 619.0% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 8.5% | 13.6% | 147.0% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 65.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 4.7% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $11.95B | $10.50B | $10.91B | $10.96B | $10.63B | $7.72B | $8.20B | $8.69B | $8.03B | $7.50B | $7.36B | $7.64B | |
| Net Income TTM | $2.62B | $2.23B | $3.18B | $2.05B | $1.52B | $211M | $850M | $-155M | $2.17B | $-424M | $-571M | $2.11B | |
| P/E | 28.1 | 29.7 | 13.4 | 19.7 | 21.0 | 117.9 | 33.9 | -137.8 | 11.6 | -54.6 | -33.8 | 15.4 | |
| Earnings Yield | 3.6% | 3.4% | 7.5% | 5.1% | 4.8% | 0.85% | 2.9% | -0.73% | 8.6% | -1.8% | -3.0% | 6.5% | |
| Payout Ratio | 93.3% | 104.1% | 68.5% | 101.1% | 131.3% | 919.9% | 216.7% | -894.2% | 45.6% | -297.4% | -321.5% | 66.8% | |
| Annual Payout | $2.44B | $2.32B | $2.18B | $2.07B | $1.99B | $1.94B | $1.84B | $1.39B | $992M | $1.26B | $1.84B | $1.41B |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.05B | $3.03B | $3.20B | $2.92B | $2.78B | $3.05B | $2.74B | $2.65B | $2.34B | $2.77B | $2.78B | $2.56B | $2.48B | $3.08B | $2.93B | $3.02B | |
| SG&A Expense | $180M | $193M | $191M | $168M | $168M | $194M | $188M | $170M | $164M | $186M | $182M | $146M | $161M | $176M | $159M | $163M | |
| Operating Expenses | $1.87B | $1.71B | $2.15B | $1.81B | $1.84B | $1.95B | $1.95B | $1.81B | $1.64B | $1.76B | $1.70B | $1.56B | $1.61B | $1.72B | $1.86B | $2.20B | |
| Operating Income | $1.18B | $1.32B | $1.05B | $1.11B | $945M | $1.09B | $793M | $838M | $696M | $1.01B | $1.09B | $994M | $870M | $1.36B | $1.07B | $820M | |
| Interest Expense | · | · | · | · | · | · | · | · | $339M | $349M | · | $314M | $306M | $294M | · | $291M | |
| Other Non-op | $32M | $26M | $18M | $21M | $16M | $14M | $13M | $31M | $33M | $31M | $30M | $30M | $19M | $20M | $13M | $-6M | |
| Pretax Income | $1.14B | $1.16B | $1.02B | $929M | $757M | $922M | $608M | $968M | $555M | $855M | $1.55B | $861M | $756M | $1.24B | $953M | $717M | |
| Income Tax | $260M | $244M | $244M | $246M | $174M | $193M | $91M | $227M | $129M | $193M | $370M | $176M | $175M | $284M | $256M | $96M | |
| Net Income | $827M | $865M | $734M | $647M | $546M | $691M | $486M | $706M | $401M | $632M | $1.14B | $654M | $460M | $927M | $669M | $600M | |
| EPS (Basic) | $0.68 | $0.71 | $0.59 | $0.53 | $0.45 | $0.57 | $0.39 | $0.58 | $0.33 | $0.52 | $0.93 | $0.54 | $0.38 | $0.76 | $0.55 | $0.49 | |
| EPS (Diluted) | $0.68 | $0.70 | $0.60 | $0.53 | $0.45 | $0.56 | $0.39 | $0.58 | $0.33 | $0.52 | $0.92 | $0.54 | $0.38 | $0.76 | $0.54 | $0.49 | |
| Shares (Basic) | 1,224,000,000 | 1,223,000,000 | · | 1,222,000,000 | 1,222,000,000 | 1,221,000,000 | · | 1,220,000,000 | 1,219,367,000 | 1,218,155,000 | · | 1,216,951,000 | 1,217,673,000 | 1,219,465,000 | · | 1,218,964,000 | |
| Shares (Diluted) | 1,225,000,000 | 1,226,000,000 | · | 1,225,000,000 | 1,224,000,000 | 1,225,000,000 | · | 1,223,000,000 | 1,222,236,000 | 1,222,222,000 | · | 1,220,073,000 | 1,219,915,000 | 1,225,781,000 | · | 1,222,472,000 | |
| EBITDA | $1.77B | $1.91B | · | $1.67B | $1.55B | $1.68B | · | $1.40B | $1.24B | $1.56B | · | $1.51B | $1.39B | $1.87B | · | $1.32B |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | · | · | · | · | · | $2.07B | $551M | $477M | · | $859M | |
| Receivables | $1.97B | $1.68B | $2.08B | $1.48B | $1.56B | $1.78B | $1.86B | $1.31B | $1.40B | $1.35B | · | $1.42B | $1.36B | $1.52B | · | $2.66B | |
| Inventory | $335M | $262M | $314M | $339M | $335M | $249M | $279M | $275M | $274M | $239M | · | $266M | $259M | $244M | · | $447M | |
| Other Current Assets | $398M | $260M | $256M | $225M | $218M | $224M | $191M | $208M | $170M | $176M | · | $254M | $234M | $269M | · | $272M | |
| Current Assets | $3.12B | $3.32B | $3.24B | $2.27B | $3.22B | $2.54B | $2.66B | $2.70B | $2.12B | $2.61B | $4.51B | $4.26B | $2.64B | $2.76B | $3.80B | $4.44B | |
| PP&E (Net) | $44.41B | $43.13B | $42.00B | $40.38B | $39.77B | $39.16B | $38.69B | $37.97B | $36.70B | $36.45B | · | $32.63B | $32.35B | $32.09B | · | $30.34B | |
| PP&E (Gross) | $65.28B | $63.61B | $62.01B | $60.30B | $59.39B | $58.31B | $57.40B | $56.48B | $54.93B | $54.30B | · | $50.80B | $50.24B | $49.55B | · | $46.19B | |
| Accum. Depreciation | $20.87B | $20.48B | $20.01B | $19.92B | $19.62B | $19.16B | $18.70B | $18.50B | $18.23B | $17.85B | · | $18.18B | $17.89B | $17.45B | · | $15.85B | |
| Goodwill | · | · | $466M | · | · | · | $466M | · | · | · | $463M | · | · | · | $0 | · | |
| Other Non-current Assets | $1.99B | $1.93B | $2.01B | $1.89B | $1.84B | $1.82B | $1.83B | $1.66B | $1.58B | $1.55B | $1.57B | $1.45B | $1.42B | $1.36B | $1.32B | $1.34B | |
| Total Assets | $60.61B | $59.57B | $58.57B | $55.74B | $56.14B | $54.92B | $54.53B | $53.84B | $52.41B | $52.75B | $52.63B | $50.79B | $49.02B | $48.94B | $48.43B | $48.67B | |
| Accounts Payable | $2.22B | $2.27B | $2.22B | $1.41B | $1.41B | $1.55B | $1.61B | $1.14B | $1.19B | $1.04B | · | $1.36B | $1.15B | $1.26B | · | $2.61B | |
| Accrued Liabilities | · | · | · | · | · | · | · | $1.20B | $1.23B | $1.08B | · | $1.17B | $1.22B | $955M | · | $1.53B | |
| Short-term Debt | $475M | $0 | $700M | $170M | $0 | $322M | $455M | $0 | $630M | $0 | · | $0 | $0 | $0 | · | · | |
| Current Liabilities | $6.55B | $4.01B | $6.11B | $5.38B | $6.01B | $6.27B | $5.31B | $4.72B | $4.70B | $4.98B | · | $5.53B | $5.38B | $4.02B | · | $5.02B | |
| Capital Leases | · | · | $151M | · | · | · | $142M | · | · | · | · | · | · | · | · | · | |
| Total Debt | $475M | $0 | · | $170M | $0 | $322M | · | $0 | $630M | $0 | · | $0 | $0 | $0 | · | · | |
| Common Stock | $1.26B | $1.26B | $1.26B | $1.26B | $1.26B | $1.26B | $1.26B | $1.26B | $1.26B | $1.26B | · | $1.26B | $1.26B | $1.26B | · | $1.25B | |
| Retained Earnings | $-11.83B | $-12.02B | $-12.24B | $-12.35B | $-12.39B | $-12.32B | $-12.40B | $-12.30B | $-12.42B | $-12.24B | · | $-12.88B | $-12.98B | $-12.89B | · | $-13.42B | |
| Treasury Stock | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | · | $1.18B | $1.18B | $1.12B | · | $1.05B | |
| AOCI | $124M | $125M | $127M | $102M | $77M | $76M | $76M | $0 | $13M | $10M | · | $48M | $12M | $-3M | · | $-27M | |
| Stockholders' Equity | $13.19B | $12.99B | $12.81B | $12.52B | $12.44B | $12.49B | $12.44B | $12.43B | $12.30B | $12.45B | · | $11.85B | $11.68B | $11.79B | · | $11.32B | |
| Liabilities + Equity | $60.61B | $59.57B | $58.57B | $55.74B | $56.14B | $54.92B | $54.53B | $53.84B | $52.41B | $52.75B | · | $50.79B | $49.02B | $48.94B | · | $48.67B |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $592M | $584M | $593M | $564M | $605M | $585M | $565M | $566M | $540M | $548M | $529M | $521M | $515M | $506M | $505M | $500M | |
| Stock-based Comp | $17M | $22M | $23M | $21M | $19M | $30M | $30M | $21M | $24M | $24M | $18M | $19M | $23M | $17M | $15M | $22M | |
| Deferred Tax | $257M | $235M | $302M | $256M | $79M | $107M | $39M | $209M | $106M | $152M | $367M | $159M | $172M | $283M | $249M | $92M | |
| Other Non-cash | · | $-103M | · | · | · | $20M | · | · | · | $-122M | · | · | · | $-219M | · | · | |
| Operating Cash Flow | $1.38B | $1.60B | $1.58B | $1.44B | $1.45B | $1.43B | $1.22B | $1.24B | $1.28B | $1.23B | $1.81B | $1.23B | $1.38B | $1.51B | $1.22B | $1.49B | |
| CapEx | $1.83B | $1.36B | $1.96B | $954M | $972M | $1.01B | $768M | $682M | $579M | $544M | $671M | $690M | $610M | $545M | $806M | $841M | |
| Investing Cash Flow | $-1.91B | $-884M | $-2.29B | $-1.01B | $-1.02B | $-1.17B | $-1.07B | $-737M | $-620M | $-2.44B | $-1.26B | $-343M | $-649M | $-1.64B | $-840M | $-883M | |
| Debt Issued | $22M | $2.77B | $1.95B | $0 | $1.50B | $1.50B | $0 | $1.49B | $1M | $2.10B | $1M | $1.25B | $1M | $1.50B | $3M | $1.75B | |
| Net Debt Issued | · | $1.66B | · | · | · | $644M | · | · | · | $1.09B | · | · | · | $1.50B | · | · | |
| Stock Issued | $0 | $8M | $0 | $4M | $0 | $5M | $2M | $3M | $0 | $5M | $-2M | $4M | $1M | $3M | $1M | $5M | |
| Stock Repurchased | · | · | · | · | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $56M | $74M | $0 | $9M | |
| Net Stock Activity | · | $8M | · | · | · | $5M | · | · | · | $5M | · | · | · | $-71M | · | · | |
| Dividends Paid | $642M | $642M | $610M | $611M | $611M | $610M | $579M | $579M | $579M | $579M | $544M | $544M | $545M | $546M | $518M | $518M | |
| Financing Cash Flow | $-217M | $168M | $704M | $-1.26B | $377M | $-223M | $-850M | $201M | $-1.27B | $-281M | $-477M | $632M | $-654M | $450M | $-1.09B | $119M | |
| Net Change in Cash | $-747M | $887M | $-7M | $-833M | $803M | $40M | $-702M | $707M | $-612M | $-1.48B | $76M | $1.52B | $74M | $325M | $-707M | $726M | |
| Free Cash Flow | · | $244M | · | · | · | $421M | · | · | · | $690M | · | · | · | $969M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $420M | · | · | · | $742M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 38.7% | 43.6% | · | 37.9% | 34.0% | 35.9% | · | 31.6% | 29.8% | 36.5% | · | 38.8% | 35.0% | 44.1% | · | 27.1% | |
| Net Margin | 27.1% | 28.5% | · | 22.1% | 19.6% | 22.7% | · | 26.6% | 17.2% | 22.8% | · | 25.6% | 18.5% | 30.1% | · | 19.9% | |
| Pretax Margin | 37.2% | 38.1% | · | 31.8% | 27.2% | 30.2% | · | 36.5% | 23.8% | 30.9% | · | 33.7% | 30.4% | 40.3% | · | 23.7% | |
| EBITDA Margin | 58.1% | 62.9% | · | 57.2% | 55.7% | 55.1% | · | 52.9% | 52.9% | 56.3% | · | 59.2% | 55.8% | 60.6% | · | 43.7% | |
| ROA | 1.4% | 1.5% | · | 1.2% | 1.0% | 1.3% | · | 1.4% | 0.79% | 1.2% | · | 1.3% | 0.95% | 1.9% | · | 1.3% | |
| ROE | 6.5% | 6.8% | · | 5.2% | 4.4% | 5.5% | · | 5.8% | 3.4% | 5.2% | · | 5.7% | 4.0% | 8.0% | · | 5.3% | |
| ROIC | 6.7% | 8.0% | · | 6.4% | 5.9% | 6.8% | · | 5.2% | 4.1% | 6.3% | · | 6.7% | 5.7% | 8.9% | · | 6.3% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.5 | 0.8 | · | 0.4 | 0.5 | 0.4 | · | 0.6 | 0.5 | 0.5 | · | 0.8 | 0.5 | 0.7 | · | 0.9 | |
| Quick Ratio | 0.3 | 0.4 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.6 | 0.4 | 0.5 | · | 0.7 | |
| Debt / Equity | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.1 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | 2.1 | 2.9 | · | 3.2 | 2.8 | 4.6 | · | 2.8 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.0 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 1.7 | 1.8 | · | 2.1 | 1.9 | 1.9 | · | 1.9 | 1.7 | 1.9 | · | 1.3 | 1.2 | 1.8 | · | 1.3 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $2.49 | $2.47 | · | $2.39 | $2.27 | $2.49 | · | $2.17 | $1.91 | $2.27 | · | $2.10 | $2.04 | $2.51 | · | $2.47 | |
| Cash Flow / Share | · | $1.31 | · | · | · | $1.17 | · | · | · | $1.01 | · | · | · | $1.24 | · | · | |
| Dividend / Share | $0.53 | $0.53 | $0.50 | $0.50 | $0.50 | $0.50 | $0.47 | $0.47 | $0.47 | $0.47 | $0.45 | $0.45 | $0.45 | $0.45 | $0.42 | $0.42 | |
| EPS (TTM) | $2.51 | $2.28 | · | $1.93 | $1.98 | $1.86 | · | $2.35 | $2.31 | $2.36 | · | $2.22 | $2.17 | $2.12 | · | $1.64 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $12.20B | $11.93B | · | $11.49B | $11.22B | $10.78B | · | $10.54B | $10.45B | $10.60B | · | $11.05B | $11.52B | $11.52B | · | $11.29B | |
| Net Income TTM | $3.07B | $2.79B | · | $2.37B | $2.43B | $2.28B | · | $2.88B | $2.83B | $2.88B | · | $2.71B | $2.66B | $2.60B | · | $2.00B | |
| P/E | 29.6 | 31.9 | · | 32.8 | 31.7 | 32.1 | · | 19.4 | 18.4 | 16.5 | · | 15.2 | 15.0 | 14.1 | · | 17.5 | |
| Earnings Yield | 3.4% | 3.1% | · | 3.0% | 3.1% | 3.1% | · | 5.1% | 5.4% | 6.1% | · | 6.6% | 6.7% | 7.1% | · | 5.7% | |
| Payout Ratio | · | 74.2% | · | · | · | 88.3% | · | · | · | 91.6% | · | · | · | 58.9% | · | · | |
| Annual Payout | $2.50B | $2.47B | · | $2.41B | $2.38B | $2.35B | · | $2.28B | $2.25B | $2.21B | · | $2.15B | $2.13B | $2.10B | · | $2.05B |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $11.95B | $10.50B | $10.91B | $10.96B | $10.63B |
| Operating Margin % | 35.1% | 31.8% | 39.5% | 27.5% | 24.8% |
| Net Income | $2.62B | $2.23B | $3.18B | $2.05B | $1.52B |
| Diluted EPS | $2.14 | $1.82 | $2.60 | $1.67 | $1.24 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.1 | 0.0 | 0.1 | 0.0 | · |
| Current Ratio | 0.5 | 0.5 | 0.8 | 0.8 | 0.9 |
| Quick Ratio | 0.3 | 0.4 | 0.3 | 0.6 | 0.7 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $1.00B | $2.40B | $3.42B | $2.64B | $2.71B |
Institutional owners (13F) 1,993 filers · $88.7B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 152 (-121 vs prior Q) | 110 (+15 vs prior Q) | 738 (+59 vs prior Q) | 673 (+19 vs prior Q) | +90.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $8,586,293,215 | 115,500,312 | 9.68% | Shares |
| VANGUARD GROUP INC | $8,052,536,546 | 133,963,343 | 9.08% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $5,935,911,694 | 79,848,153 | 6.69% | Shares |
| STATE STREET CORP | $5,353,632,716 | 72,015,506 | 6.04% | Shares |
| BANK OF AMERICA CORP /DE/ | $3,320,606,042 | 44,667,824 | 3.74% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,234,811,357 | 43,513,739 | 3.65% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $2,460,446,443 | 33,097,208 | 2.77% | Shares |
| MORGAN STANLEY | $2,365,016,153 | 31,813,505 | 2.67% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $2,213,938,883 | 29,911,265 | 2.50% | Shares |
| Clearbridge Investments, LLC | $1,799,925,036 | 24,212,067 | 2.03% | Shares |
| JPMORGAN CHASE & CO | $1,604,767,558 | 21,379,796 | 1.81% | Shares |
| Invesco Ltd. | $1,433,972,876 | 19,289,385 | 1.62% | Shares |
| DEUTSCHE BANK AG\ | $1,309,502,446 | 17,615,045 | 1.48% | Shares |
| Blackstone Inc. | $1,289,129,866 | 17,340,999 | 1.45% | Shares |
| NORTHERN TRUST CORP | $991,382,927 | 13,335,794 | 1.12% | Shares |
| ROYAL BANK OF CANADA | $989,333,000 | 13,308,209 | 1.12% | Shares |
| NORGES BANK | $896,555,417 | 12,060,202 | 1.01% | Shares |
| NEUBERGER BERMAN GROUP LLC | $858,254,564 | 11,544,576 | 0.97% | Shares |
| GOLDMAN SACHS GROUP INC | $855,929,009 | 11,513,707 | 0.97% | Shares |
| TORTOISE CAPITAL ADVISORS, L.L.C. | $834,357,314 | 11,223,531 | 0.94% | Shares |
| UBS Group AG | $803,124,563 | 10,803,397 | 0.91% | Shares |
| Amundi | $769,989,114 | 10,357,669 | 0.87% | Shares |
| RAYMOND JAMES FINANCIAL INC | $664,376,884 | 8,937,003 | 0.75% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $649,307,717 | 8,921,513 | 0.73% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $634,762,988 | 8,538,140 | 0.72% | Shares |
| Legal & General Group Plc | $596,077,450 | 8,018,260 | 0.67% | Shares |
| Bank of New York Mellon Corp | $579,046,311 | 7,789,163 | 0.65% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $571,010,893 | 7,681,072 | 0.64% | Shares |
| WELLS FARGO & COMPANY/MN | $561,301,086 | 7,550,459 | 0.63% | Shares |
| AMERICAN CENTURY COMPANIES INC | $536,956,239 | 7,222,977 | 0.61% | Shares |
| Nuveen, LLC | $521,389,102 | 7,013,575 | 0.59% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $510,475,533 | 6,866,768 | 0.58% | Shares |
| Bahl & Gaynor LLC | $503,396,921 | 6,771,549 | 0.57% | Shares |
| KAYNE ANDERSON CAPITAL ADVISORS LP | $500,305,227 | 6,729,960 | 0.56% | Shares |
| BARCLAYS PLC | $485,028,877 | 6,524,467 | 0.55% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $482,367,067 | 6,488,650 | 0.54% | Shares |
| AMERIPRISE FINANCIAL INC | $391,601,483 | 5,270,442 | 0.44% | Shares |
| ROYAL BANK OF CANADA | $377,201,000 | 5,074,000 | 0.43% | Call option |
| WESTWOOD HOLDINGS GROUP INC | $365,740,515 | 4,919,835 | 0.41% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $365,553,408 | 4,917,318 | 0.41% | Shares |
| Brookfield Corp /ON/ | $365,295,251 | 4,913,845 | 0.41% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $354,183,882 | 4,695,435 | 0.40% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $337,804,064 | 4,543,928 | 0.38% | Shares |
| FMR LLC | $330,006,123 | 4,439,145 | 0.37% | Shares |
| ONTARIO TEACHERS PENSION PLAN BOARD | $329,094,185 | 4,426,879 | 0.37% | Shares |
| Pictet Asset Management Holding SA | $305,218,084 | 4,105,616 | 0.34% | Shares |
| MACKENZIE FINANCIAL CORP | $290,625,911 | 3,909,415 | 0.33% | Shares |
| STIFEL FINANCIAL CORP | $290,357,027 | 3,905,784 | 0.33% | Shares |
| 1832 Asset Management L.P. | $290,215,629 | 3,903,896 | 0.33% | Shares |
| Artisan Partners Limited Partnership | $286,477,739 | 3,853,615 | 0.32% | Shares |
Activists & 5%+ owners 23 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| The Williams Companies, Inc., Williams Gas Pipeline Company, LLC ×45 filings | Aug. 10, 2018 | · | Initial filing | M&A / sale | SEC |
| CORVEX MANAGEMENT LP, KEITH MEISTER, SOROBAN MASTER FUND LP, SOROBAN CAPITAL GP LLC, SOROBAN CAPITAL PARTNERS LP, SOROBAN CAPITAL PARTNERS GP LLC, ERIC W. MANDELBLATT ×9 filings | Aug. 3, 2016 | · | Initial filing | Passive investment | SEC |
| The Williams Companies, Inc. (2), Williams Discovery Pipeline, LLC (2), Williams Energy, L.L.C. (2), Williams Partners GP LLC (2), Williams Partners Holdings LLC (2), Williams Gas Pipeline Company, LLC (2), WGP Gulfstream Pipeline Company, L.L.C. (2) ×2 filings | March 27, 2012 | · | Initial filing | · | SEC |
| WPX Energy, Inc. (2), The Williams Companies, Inc. (2) | Jan. 5, 2012 | · | Initial filing | · | SEC |
| The Williams Companies, Inc. IRS No. | Dec. 23, 2004 | · | Initial filing | · | SEC |
| The Williams Companies Inc. ×6 filings | Dec. 16, 2004 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Sept. 18, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Aug. 21, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person | July 10, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | June 20, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person | June 20, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Jan. 8, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Dec. 12, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Nov. 20, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Oct. 2, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Sept. 4, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | April 22, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Feb. 21, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Jan. 25, 2002 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | Aug. 2, 2001 | · | Initial filing | · | SEC |
| Undisclosed reporting person | July 9, 2001 | · | Initial filing | · | SEC |
| Undisclosed reporting person | April 9, 2001 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Feb. 20, 2001 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 82 insiders · 43 officers · 36 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Chad J. Zamarin | President and CEO | Feb. 23, 2026 M | 730,837 | 0 | 0 | $0 |
| Steven J Malcolm | President & CEO | Dec. 9, 2010 M | 711,844 | 0 | 0 | $0 |
| John Dean Porter | EVP & CFO | June 25, 2026 M | 197,290 | 0 | 1 | $-3,768,500 |
| John D Chandler | Sr. Vice President & CFO | Feb. 24, 2021 A | 194,233 | 0 | 0 | $0 |
| Donald R Chappel | Sr. Vice President & CFO | Sept. 26, 2017 S | 60,032 | 0 | 0 | $0 |
| Larry C Larsen | Executive Vice President & COO | May 14, 2026 S | 98,219 | 0 | 1 | $-917,760 |
| Micheal G. Dunn | Executive Vice President & COO | March 7, 2025 S | 714,693 | 0 | 0 | $0 |
| Terrance Lane Wilson | SVP & General Counsel | Oct. 1, 2026 S | 262,259 | 0 | 15 | $-4,726,808 |
| Robert R. Wingo | Executive Vice President | Aug. 6, 2026 F | 48,343 | 0 | 0 | $0 |
| Glen G. Jasek | Senior Vice President | May 15, 2026 M | 54,101 | 0 | 2 | $-195,392 |
| Fazel Payvand | Senior Vice President | March 13, 2026 S | 31,766 | 0 | 1 | $-211,989 |
| Todd J. Rinke | Senior Vice President | March 11, 2026 S | 26,055 | 0 | 1 | $-547,808 |
| Mary A. Hausman | VP Chief Accounting Officer | Feb. 26, 2026 S | 17,230 | 0 | 1 | $-757,115 |
| Chad A. Teply | Senior Vice President | Feb. 23, 2026 M | 142,443 | 0 | 0 | $0 |
| Debbie L. Pickle | SVP & Chief HR Officer | Feb. 23, 2026 M | 102,410 | 0 | 0 | $0 |
| Eric J Ormond | Senior Vice President | Feb. 19, 2026 A | 38,127 | 0 | 0 | $0 |
| Thomas F Mccoy | Senior Vice President | Feb. 19, 2026 A | 14,604 | 0 | 0 | $0 |
| Scott A. Hallam | SVP Transmission & Gulf of Mex | July 7, 2023 S | 226,973 | 0 | 0 | $0 |
| Walter J Bennett | SVP Gathering & Processing | March 1, 2022 M | 161,556 | 0 | 0 | $0 |
| John E Poarch | SVP - Project Execution | Feb. 21, 2020 M | 65,087 | 0 | 0 | $0 |
| Ted T Timmermans | VP, Controller, and CAO | May 29, 2019 S | 18,666 | 0 | 0 | $0 |
| James E. Scheel | Senior Vice President | Feb. 22, 2019 M | 71,005 | 0 | 0 | $0 |
| Frank J Ferazzi | SVP Atlantic-Gulf | Aug. 6, 2018 S | 14,537 | 0 | 0 | $0 |
| Robyn L Ewing | Senior Vice President | Sept. 27, 2017 S | 27,090 | 0 | 0 | $0 |
| Rory Lee Miller | Sr. Vice President | June 21, 2017 J | 91,586 | 0 | 0 | $0 |
| Sarah C. Miller | SVP & General Counsel | Feb. 24, 2017 M | 14,246 | 0 | 0 | $0 |
| John R. Dearborn JR | SVP - NGL & Petchem Services | Feb. 24, 2017 M | 24,240 | 0 | 0 | $0 |
| Francis E. Billings | Senior Vice President | Feb. 24, 2017 M | 35,113 | 0 | 0 | $0 |
| Robert S Purgason | Senior Vice President | Aug. 4, 2016 A | · | 0 | 0 | $0 |
| Brian L. Perilloux | Senior Vice President | Feb. 25, 2016 M | 35,235 | 0 | 0 | $0 |
| Fred E. Pace | Senior Vice President | Feb. 25, 2016 M | 21,104 | 0 | 0 | $0 |
| Craig L Rainey | SVP & General Counsel | Feb. 27, 2015 M | 70,901 | 0 | 0 | $0 |
| Allison G. Bridges | Senior Vice President | Dec. 23, 2014 J | 68,229 | 0 | 0 | $0 |
| Randy M. Newcomer | Interim Senior Vice President | Feb. 23, 2013 M | 32,937 | 0 | 0 | $0 |
| Randall Lee Barnard | Sr. Vice President | Feb. 29, 2012 M | 19,211 | 0 | 0 | $0 |
| Phillip D Wright | Subsidiary Sr. Vice President | Feb. 23, 2012 M | 322,148 | 0 | 0 | $0 |
| James J Bender | Sr. Vice President & GC | Nov. 7, 2011 M | 32,507 | 0 | 0 | $0 |
| Ralph A Hill | Sr. Vice President E&P | March 18, 2008 S | 0 | 0 | 0 | $0 |
| JOHNSON MICHAEL P | Senior Vice President | March 17, 2008 M | 22,620 | 0 | 0 | $0 |
| William E Hobbs | Subsidiary Sr. Vice President | Oct. 9, 2007 M | 0 | 0 | 0 | $0 |
| Gary R Belitz | Controller | Feb. 25, 2005 A | 5,362 | 0 | 0 | $0 |
| John Douglas Whisenant | Sr. Vice President Gas Pipes | Sept. 13, 2004 M | 17,147 | 0 | 0 | $0 |
| Mark D Wilson | Senior Vice President | April 7, 2004 M | 0 | 0 | 0 | $0 |
| Lloyd W Helms Jr | Director | Aug. 5, 2026 A | 2,785 | 0 | 0 | $0 |
| Robb E Turner | Director | Aug. 5, 2026 A | 8,785 | 0 | 0 | $0 |
| Stephen W Bergstrom | Director | May 19, 2026 G | 198,605 | 0 | 0 | $0 |
| Carri A. Lockhart | Director | April 28, 2026 A | 19,388 | 0 | 0 | $0 |
| Jesse J Tyson | Director | April 28, 2026 A | 25,343 | 0 | 0 | $0 |
| Richard E Muncrief | Director | April 28, 2026 A | 24,783 | 0 | 0 | $0 |
| Michael A Creel | Director | April 28, 2026 A | 84,658 | 0 | 0 | $0 |
| William H Spence | Director | April 28, 2026 A | 79,051 | 0 | 0 | $0 |
| Scott D Sheffield | Director | April 28, 2026 A | 76,302 | 0 | 0 | $0 |
| Alan S Armstrong | Director | March 5, 2026 J | 2,503,509 | 0 | 0 | $0 |
| Stacey H Dore | Director | April 29, 2025 A | 32,940 | 0 | 0 | $0 |
| Murray D Smith | Director | April 30, 2024 A | 53,574 | 0 | 0 | $0 |
| Nancy Buese | Director | April 26, 2022 A | 33,019 | 0 | 0 | $0 |
| Vicki L Fuller | Director | April 27, 2021 A | 27,225 | 0 | 0 | $0 |
| Charles I Cogut | Director | April 27, 2021 A | 28,920 | 0 | 0 | $0 |
| Stephen I Chazen | Director | April 27, 2021 A | 71,348 | 0 | 0 | $0 |
| Kathleen B Cooper | Director | May 9, 2019 A | 38,392 | 0 | 0 | $0 |
| Janice D Stoney | Director | Aug. 4, 2017 M | 6,604 | 0 | 0 | $0 |
| Joseph R Cleveland | Director | Sept. 27, 2016 J | 27,496 | 0 | 0 | $0 |
| John A Hagg | Director | Sept. 27, 2016 J | 13,848 | 0 | 0 | $0 |
| Juanita H Hinshaw | Director | Aug. 4, 2016 A | 51,932 | 0 | 0 | $0 |
| Laura A Sugg | Director | June 27, 2016 J | 19,047 | 0 | 0 | $0 |
| Ralph Izzo | Director | June 27, 2016 J | · | 0 | 0 | $0 |
| Steven W Nance | Director | June 27, 2016 J | 6,309 | 0 | 0 | $0 |
| William E Green | Director | March 1, 2012 A | 26,462 | 0 | 0 | $0 |
| George A Lorch | Director | Nov. 23, 2011 M | 15,463 | 0 | 0 | $0 |
| William G Lowrie | Director | May 19, 2011 A | 63,024 | 0 | 0 | $0 |
| Irl F Engelhardt | Director | May 19, 2011 A | 39,680 | 0 | 0 | $0 |
| William R Granberry | Director | May 19, 2011 A | 11,949 | 0 | 0 | $0 |
| William R Howell | Director | May 16, 2011 M | 56,520 | 0 | 0 | $0 |
| Charles M Lillis | Director | March 30, 2009 J | 47,213 | 0 | 0 | $0 |
| Joseph H Williams | Director | March 3, 2006 M | 496,852 | 0 | 0 | $0 |
| Hugh M Chapman | Director | Aug. 12, 2004 P | 54,038 | 0 | 0 | $0 |
| Thomas H Cruikshank | Director | March 29, 2004 J | · | 0 | 0 | $0 |
| WILLIAMS COMPANIES INC | 10% owner | June 29, 2005 S | 789,291 | 0 | 0 | $0 |
| Peter A Ragauss | · | April 28, 2026 A | 75,586 | 0 | 0 | $0 |
| Rose M Robeson | · | April 28, 2026 A | 37,852 | 0 | 0 | $0 |
| John D Seldenrust | · | Feb. 21, 2017 A | · | 0 | 0 | $0 |
| Frank T Macinnis | · | June 27, 2016 J | 130,612 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 148 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| TEXU · Direxion Shares ETF Trust | 8.93% | 3,584 NS | July 31, 2026 | N-PORT |
| USAI · Pacer Funds Trust | 6.67% | 123,801 NS | July 31, 2026 | N-PORT |
| NBET · Neuberger Berman ETF Trust | 5.23% | 34,585 NS | July 31, 2026 | N-PORT |
| RSPG · Invesco Exchange-Traded Fund Trust | 4.45% | 391,270 SH | Oct. 2, 2026 | Daily |
| ELCV · Strategy Shares | 4.25% | 149,201 NS | July 31, 2026 | N-PORT |
| VDE · VANGUARD WORLD FUND | 3.97% | 5,880,773 SH | Aug. 19, 2026 | Daily |
| IYE · iShares Trust | 3.60% | 935,290 SH | Sept. 11, 2026 | Daily |
| FENY · FIDELITY COVINGTON TRUST | 3.42% | 960,262 NS | July 31, 2026 | N-PORT |
| IGF · iShares Trust | 3.21% | 4,568,213 SH | Sept. 11, 2026 | Daily |
| AMZA · ETFis Series Trust I | 3.12% | 205,503 NS | July 31, 2026 | N-PORT |
| GDIV · Harbor ETF Trust | 3.08% | 101,211 NS | July 31, 2026 | N-PORT |
| ERX · Direxion Shares ETF Trust | 2.74% | 89,369 NS | July 31, 2026 | N-PORT |
| IXC · iShares Trust | 2.29% | 930,584 SH | Sept. 11, 2026 | Daily |
| CAML · Professionally Managed Portfolios | 2.24% | 115,488 NS | July 31, 2026 | N-PORT |
| PXI · Invesco Exchange-Traded Fund Trust | 2.23% | 18,248 SH | Oct. 2, 2026 | Daily |
| IGE · iShares Trust | 2.17% | 238,898 SH | Sept. 11, 2026 | Daily |
| IQRA · New York Life Investments Active ET… | 1.90% | 1,828 NS | July 31, 2026 | N-PORT |
| QIDX · Spinnaker ETF Series | 1.75% | 9,505 NS | July 31, 2026 | N-PORT |
| ESMV · iShares Trust | 1.45% | 1,545 SH | Sept. 11, 2026 | Daily |
| NFRA · FlexShares Trust | 1.21% | 506,550 NS | July 31, 2026 | N-PORT |
| HDV · iShares Trust | 1.15% | 2,420,321 SH | Sept. 11, 2026 | Daily |
| VRAI · ETFis Series Trust I | 1.01% | 2,634 NS | July 31, 2026 | N-PORT |
| QUVU · Hartford Funds Exchange-Traded Trust | 1.00% | 25,297 NS | July 31, 2026 | N-PORT |
| FPWR · First Trust Exchange-Traded Fund IV | 0.98% | 4,043 NS | July 31, 2026 | N-PORT |
| YOKE · EA Series Trust | 0.93% | 30,230 NS | July 31, 2026 | N-PORT |
| SPLV · Invesco Exchange-Traded Fund Trust … | 0.88% | 883,337 SH | Oct. 2, 2026 | Daily |
| ESLV · Strategy Shares | 0.87% | 1,733 NS | July 31, 2026 | N-PORT |
| JOET · Virtus ETF Trust II | 0.80% | 27,369 NS | July 31, 2026 | N-PORT |
| VOE · VANGUARD INDEX FUNDS | 0.78% | 3,927,631 SH | Aug. 19, 2026 | Daily |
| UPSD · ETF Series Solutions | 0.73% | 12,020 NS | July 31, 2026 | N-PORT |
| FXN · First Trust Exchange-Traded AlphaDE… | 0.73% | 38,886 NS | July 31, 2026 | N-PORT |
| IMCV · iShares Trust | 0.72% | 114,429 SH | Sept. 11, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.63% | 18,289,000 | Oct. 2, 2026 | Daily |
| IMCB · iShares Trust | 0.62% | 142,451 SH | Sept. 11, 2026 | Daily |
| EVUS · iShares Trust | 0.58% | 30,556 SH | Sept. 11, 2026 | Daily |
| QLV · FlexShares Trust | 0.58% | 13,188 NS | July 31, 2026 | N-PORT |
| IMCG · iShares Trust | 0.52% | 283,482 SH | Sept. 11, 2026 | Daily |
| EIPX · First Trust Exchange-Traded Fund IV | 0.50% | 39,502 NS | July 31, 2026 | N-PORT |
| XOEF · iShares Trust | 0.50% | 1,532 SH | Sept. 11, 2026 | Daily |
| EMLP · First Trust Exchange-Traded Fund IV | 0.47% | 273,270 NS | July 31, 2026 | N-PORT |
| HUSV · First Trust Exchange-Traded Fund III | 0.46% | 4,798 NS | July 31, 2026 | N-PORT |
| USMV · iShares Trust | 0.45% | 1,457,948 SH | Sept. 11, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.44% | 13,251,049 SH | Aug. 19, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.40% | 108,050 SH | Aug. 19, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.38% | 829,178 NS | July 31, 2026 | N-PORT |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.38% | 133,572 NS | July 31, 2026 | N-PORT |
| VYM · VANGUARD WHITEHALL FUNDS | 0.38% | 4,864,420 SH | Aug. 19, 2026 | Daily |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.38% | 69,149 NS | July 31, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.37% | 23,405 NS | July 31, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.35% | 330,743 NS | July 31, 2026 | N-PORT |
| ESGU · iShares Trust | 0.35% | 853,790 SH | Sept. 11, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.34% | 11,627,963 SH | Aug. 19, 2026 | Daily |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.33% | 15,242,000 | Oct. 2, 2026 | Daily |
| IWX · iShares Trust | 0.33% | 176,308 SH | Sept. 11, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.31% | 281,607 SH | Aug. 19, 2026 | Daily |
| IVE · iShares Trust | 0.30% | 2,031,242 SH | Sept. 11, 2026 | Daily |
| FDLO · FIDELITY COVINGTON TRUST | 0.29% | 57,022 NS | July 31, 2026 | N-PORT |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.28% | 395,000 | Oct. 2, 2026 | Daily |
| IUSV · iShares Trust | 0.28% | 1,068,434 SH | Sept. 11, 2026 | Daily |
| ESUM · Strategy Shares | 0.27% | 6,955 NS | July 31, 2026 | N-PORT |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.25% | 736,051 SH | Aug. 19, 2026 | Daily |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.24% | 7,285,000 | Oct. 2, 2026 | Daily |
| IWD · iShares Trust | 0.24% | 2,709,386 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.22% | 25,693 SH | Oct. 2, 2026 | Daily |
| CRBN · iShares Trust | 0.22% | 34,756 SH | Sept. 11, 2026 | Daily |
| DFVX · Dimensional ETF Trust | 0.21% | 15,775 NS | July 31, 2026 | N-PORT |
| MGV · VANGUARD WORLD FUND | 0.21% | 384,306 SH | Aug. 19, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.21% | 7,294,000 | Oct. 1, 2026 | Daily |
| ACWV · iShares, Inc. | 0.20% | 94,010 SH | Sept. 11, 2026 | Daily |
| DIVB · iShares Trust | 0.20% | 56,637 SH | Sept. 11, 2026 | Daily |
| EGLE · Global X Funds | 0.20% | 62 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.20% | 53,279 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.19% | 2,597,120 SH | Oct. 2, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.19% | 15,030 NS | July 31, 2026 | N-PORT |
| SIZE · iShares Trust | 0.17% | 9,783 SH | Sept. 11, 2026 | Daily |
| TOPC · iShares Trust | 0.16% | 741 SH | Sept. 11, 2026 | Daily |
| IWL · iShares Trust | 0.16% | 47,534 SH | Sept. 11, 2026 | Daily |
| XVV · iShares Trust | 0.15% | 14,114 SH | Sept. 11, 2026 | Daily |
| ILCV · iShares Trust | 0.15% | 27,275 SH | Sept. 11, 2026 | Daily |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.14% | 34,396 SH | Oct. 2, 2026 | Daily |
| VOO · VANGUARD INDEX FUNDS | 0.14% | 31,768,785 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.14% | 1,428,204 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.14% | 5,104 NS | July 31, 2026 | N-PORT |
| CHRI · Global X Funds | 0.14% | 153 NS | July 31, 2026 | N-PORT |
| CATH · Global X Funds | 0.14% | 24,842 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.14% | 15,415,111 SH | Sept. 11, 2026 | Daily |
| XYLD · Global X Funds | 0.14% | 61,488 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.14% | 947 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.14% | 61,769 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.13% | 167,560 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.13% | 103,031 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.13% | 20,550 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.13% | 23,682 SH | Sept. 11, 2026 | Daily |
| XTR · Global X Funds | 0.13% | 89 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.13% | 66 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.13% | 1,183 NS | July 31, 2026 | N-PORT |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.13% | 201,813 SH | Aug. 19, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.13% | 7,277 SH | Oct. 2, 2026 | Daily |
| VOXP · Advisors Series Trust | 0.13% | 105 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.13% | 222,940 NS | July 31, 2026 | N-PORT |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.13% | 211,963 SH | Oct. 2, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.13% | 372,175 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.13% | 52,412 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.13% | 844,926 SH | Sept. 11, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.13% | 4,614 NS | July 31, 2026 | N-PORT |
| USCL · iShares Trust | 0.13% | 48,481 SH | Sept. 11, 2026 | Daily |
| QDPL · Pacer Funds Trust | 0.12% | 29,457 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.12% | 337,226 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.12% | 1,588,391 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.12% | 38,828,860 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.12% | 102,675 SH | Aug. 19, 2026 | Daily |
| ILCG · iShares Trust | 0.12% | 50,179 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.12% | 786,250 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.12% | 164,868 SH | Oct. 2, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.11% | 8,512 NS | July 31, 2026 | N-PORT |
| JFLI · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 722 NS | July 31, 2026 | N-PORT |
| PHDG · Invesco Actively Managed Exchange-T… | 0.11% | 963 SH | Oct. 2, 2026 | Daily |
| PEVC · Pacer Funds Trust | 0.11% | 36 NS | July 31, 2026 | N-PORT |
| TOK · iShares Trust | 0.10% | 3,400 SH | Sept. 11, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.10% | 95,612 NS | July 31, 2026 | N-PORT |
| ACVF · ETF Opportunities Trust | 0.10% | 2,149 NS | July 31, 2026 | N-PORT |
| VFMV · VANGUARD WELLINGTON FUND | 0.10% | 5,422 SH | Aug. 19, 2026 | Daily |
| URTH · iShares, Inc. | 0.10% | 109,130 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.09% | 43,266 NS | July 31, 2026 | N-PORT |
| GSY · Invesco Actively Managed Exchange-T… | 0.09% | 3,508,000 | Oct. 2, 2026 | Daily |
| MGC · VANGUARD WORLD FUND | 0.09% | 122,776 SH | Aug. 19, 2026 | Daily |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.09% | 18,955 NS | July 31, 2026 | N-PORT |
| ACWI · iShares Trust | 0.09% | 386,442 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.09% | 26,070 NS | July 31, 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.08% | 1,012,463 SH | Aug. 19, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.06% | 4,640 NS | July 31, 2026 | N-PORT |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.06% | 81,667 SH | Oct. 2, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.06% | 1,771,000 | Oct. 2, 2026 | Daily |
| HDUS · Lattice Strategies Trust | 0.04% | 1,267 NS | July 31, 2026 | N-PORT |
| LGDX · Tidal Trust III | 0.04% | 723 NS | July 31, 2026 | N-PORT |
| GTOS · Invesco Actively Managed Exchange-T… | 0.03% | 38,000 | Oct. 2, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.02% | 10,359 SH | Oct. 2, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| IFRA · iShares Trust | · | 1,488,480 SH | Sept. 11, 2026 | Daily |
WMB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
23 analysts · 2026-09-30Mean target $85.61 +21.4%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| WMB | · | 28.1 | 13.8% | 21.9% | 20.7% | · |
| EPD | · | 18.5 | -6.4% | 11.1% | · | · |
| ET | · | · | 3.5% | 5.2% | 9.4% | · |
| KMI | $61.16B | 20.1 | 12.2% | 18.0% | 9.9% | · |
| TRGP | $39.61B | 21.7 | 4.0% | 11.3% | 68.0% | · |
| MPLX | · | · | 8.9% | 38.1% | · | · |
| LNG | $41.29B | 8.1 | 27.2% | 26.7% | 78.3% | · |
| OKE | $46.28B | 13.6 | 55.0% | 10.1% | 17.2% | · |
| CQP | · | -109.1 | 23.6% | 27.8% | · | · |
| WES | · | · | 6.6% | 30.7% | · | · |
| PAA | · | · | -9.5% | 3.2% | · | · |
Latest News Recent headlines mentioning this company
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
No open signal right now — no card is filled, and that's honest.
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