WMB The Williams Cos., Inc.

The Williams Cos., Inc. operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through three segments: Williams Partners; and Others. The Williams Partners segment includes gas pipeline and domestic midstream businesses. The gas pipeline business includes interstate natural gas pipelines and pipeline joint venture investments, and the midstream business provides natural gas gathering, treating and processing services; NGL production, fractionation, storage, marketing and transportation and deepwater production handling and crude oil transportation services. The Other segment comprises of corporate operations; olefins pipeline assets; and Canada assets. The company was founded by David Williams and Miller Williams in 1908 and is headquartered in Tulsa, OK.

Company profile

Ticker

WMB

Exchange

NYSE

Website

co.williams.com

CEO

Alan S. Armstrong

Incorporated in

Delaware

Location

Oklahoma

Fiscal year end

Dec 31

Sector

Industrial Services > Oil & Gas Pipelines

Industry (SEC)

Natural Gas Transmission

Kinder Morgan • Enterprise Products Partners • Energy Transfer • Western Midstream Partners • Crestwood Equity Partners • Boardwalk Pipeline Partners • Enable Midstream Partners • Archrock • Targa Resources Partners • Tallgrass Energy ...

Former names

Williams Companies Inc

SEC CIK

0000107263

Corporate docs

Articles of Incorporation & Bylaws

IRS number

730569878

WMB stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

4 May 20

10 Jul 20

31 Dec 20

News

Company financial data Financial data

Chart WMB financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	1.91B	2.11B	2B	2.04B
Net income	-570M	-66M	242M	324M
Diluted EPS	-0.43	0.1	0.18	0.26
Net profit margin	-29.80%	-3.13%	12.11%	15.87%
Operating income	431M	234M	628M	498M
Net change in cash	111M	42M	-559M	763M
Cash on hand	400M	289M	247M	806M
Cost of revenue

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	8.2B	8.69B	8.03B	7.5B
Net income	714M	193M	2.51B	-350M
Diluted EPS	0.7	-0.16	2.62	-0.57
Net profit margin	8.71%	2.22%	31.24%	-4.67%
Operating income	1.92B	768M	927M	689M
Net change in cash	121M	-731M	729M	70M
Cash on hand	289M	168M	899M	170M
Cost of revenue

Financial data from company earnings reports

Recent insider trades

WMB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
26 Jun 20	Zamarin Chad J.	Common Stock	Payment of exercise	Dispose F	No	18.51	30,272	560.33K	174,110
26 Jun 20	Zamarin Chad J.	Common Stock	Option exercise	Aquire M	No	0	77,667	0	204,382
26 Jun 20	Zamarin Chad J.	Restcted Stock Units Common Stock	Option exercise	Dispose M	No	0	77,667	0	0
4 May 20	Chad A. Teply	Common Stock	Grant	Aquire A	No	0	28,751	0	28,751
28 Apr 20	Stephen W Bergstrom	Common Stock	Grant	Aquire A	No	0	19,302	0	90,667
28 Apr 20	Nancy Buese	Common Stock	Grant	Aquire A	No	0	8,726	0	21,026

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

WMB institutional ownership history Ownership history

84.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	775	825	-6.1%
Opened positions	85	105	-19.0%
Closed positions	135	89	+51.7%
Increased positions	303	315	-3.8%
Reduced positions	283	295	-4.1%

13F shares	Current	Prev Q	Change
Total value	129.13B	154.6B	-16.5%
Total shares	1.02B	1.06B	-3.2%
Total puts	4.25M	6.39M	-33.6%
Total calls	7.16M	11.48M	-37.6%
Total put/call ratio	0.6	0.6	+6.4%

Largest owners	Shares	Value	Change
BLK BlackRock	134.2M	$1.9B	+1.8%
Vanguard	105.31M	$1.49B	+4.6%
STT State Street	67.21M	$951.03M	+8.1%
BEN Franklin Resources	40.44M	$572.16M	-8.8%
JPM JPMorgan Chase & Co.	27.22M	$385.13M	+12.6%
Tortoise Capital Advisors, L.L.C.	25.88M	$366.26M	-31.5%
DB Deutsche Bank	25.43M	$359.82M	+41.2%
Clearbridge Advisors	21.9M	$309.82M	+11.8%
Geode Capital Management	19.93M	$282.24M	+5.1%
FMR	19.3M	$273.04M	+20.8%

Largest transactions	Shares	Bought/sold	Change
Capital Research Global Investors	17.39M	+14.74M	+555.2%
Tortoise Capital Advisors, L.L.C.	25.88M	-11.92M	-31.5%
Charles Schwab Investment Advisory	0	-10.88M	EXIT
Norges Bank	0	-10.38M	EXIT
Capital World Investors	0	-9.59M	EXIT
Ci Investments	0	-8.71M	EXIT
Glenview Capital Management	0	-7.84M	EXIT
Wellington Management	7.79M	+7.78M	+50383.9%
Kayne Anderson Capital Advisors	12.59M	-7.58M	-37.6%
DB Deutsche Bank	25.43M	+7.43M	+41.2%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Westlake Chemical Partners

Risks

Prices for natural gas, NGLs, oil, and other commodities, are volatile and this volatility has and could continue to adversely affect our financial condition, results of operations, cash flows, access to capital, and ability to maintain or grow our businesses.
We face risks related to the COVID-19 pandemic and other health epidemics.

Management Discussion

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
We are an energy infrastructure company focused on connecting North America’s significant hydrocarbon resource plays to growing markets for natural gas and NGLs through our gas pipeline and midstream business. Our operations are located in the United States.
Our interstate natural gas pipeline strategy is to create value by maximizing the utilization of our pipeline capacity by providing high quality, low cost transportation of natural gas to large and growing markets. Our gas pipeline businesses’ interstate transmission and storage activities are subject to regulation by the FERC and as such, our rates and charges for the transportation of natural gas in interstate commerce, and the extension, expansion or abandonment of jurisdictional facilities and accounting, among other things, are subject to regulation. The rates are established through the FERC’s ratemaking process. Changes in commodity prices and volumes transported have limited near-term impact on these revenues because the majority of cost of service is recovered through firm capacity reservation charges in transportation rates.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

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From filing 10-Q 2020 Q1