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WMB

WMB

Energy · Oil & Gas Midstream

$71.51+0.03%
Mkt Cap: $87.46BDY: 2.94%

Performance

WMB (WMB) Stock Analysis 2026

Rule-based · Updated daily · Not financial advice

WMB (WMB) operates in the Oil & Gas Midstream space within the Energy sector. With a market cap of $87.5B, it qualifies as a mid-cap company. Growth is moderate and the business remains profitable, offering a balanced risk/reward profile compared to high-multiple peers.

Bull Case7
  • Forward P/E (27.8×) is lower than trailing P/E (31.4×) — analysts expect earnings to improve
  • Revenue growth of 9% YoY shows solid business momentum
  • Earnings grew 25% YoY — bottom-line is expanding fast
  • Exceptional profit margin of 23.1% — the business retains a large share of each dollar earned
  • ROE of 19.7% shows management efficiently converts equity into profit
  • Dividend yield of 2.94% provides consistent income on top of price appreciation
  • Low beta of 0.60 — less volatile than the market, suitable for conservative portfolios
Bear Case3
  • P/E of 31.4× is above average — valuation requires continued strong growth to justify
  • High debt-to-equity of 199.85× increases financial risk, especially with elevated interest rates
  • Current ratio below 1 (0.83×) — short-term liabilities exceed current assets

Verdict

Strong Buy

Multiple fundamental strengths with few red flags. Long-term buyers may find this compelling.

AI Insight

Powered by Claude

AI-generated analysis for informational purposes only. Not financial advice.

Related Articles

Revenue & Results

Dividends

Current DY

2.94%

5Y Avg Annual

$1.6884

Last Payment

$0.5250

Ex-Date

06/12/2026

Annual dividends paid per share

2011
2019
2026
Ex-DatePaymentAmountEst. DY
Latest06/12/2026
06/29/2026$0.52502.94%
03/13/2026
03/30/2026$0.52502.94%
12/12/2025
12/29/2025$0.50002.80%
09/12/2025
09/29/2025$0.50002.80%
06/13/2025
06/30/2025$0.50002.80%
03/14/2025
03/31/2025$0.50002.80%
12/13/2024
12/30/2024$0.47502.66%
09/13/2024
09/30/2024$0.47502.66%

Magic Number

Shares needed to self-fund your next purchase

$71.51

Price

÷

$0.5250

Last div. (quarterly)

=

137

shares

Own 137 WMB shares ($9,796.87) and each quarterly dividend pays for 1 new share — the snowball runs on its own.

Investment target

$9,796.87

New shares / year

+4 shares

If You Had Invested…

Hypothetical return based on historical prices

$

* Dividend reinvestment calculated at ex-date price. For informational purposes only.

Earnings

Next Earnings

Aug 3, 2026

48

days

EPS (TTM)

$2.28

P/E (TTM)

31.4

Fwd P/E

27.8

Earnings History

SEC EDGAR · official filings

SEC filings

SEC Filings

Official EDGAR documents

All filings

Key Statistics

Valuation

Market Cap$87.46B
P/E Ratio31.36
Forward P/E27.85
P/B Ratio
PEG Ratio2.23
EPS (TTM)$2.28

Trading

Open
Day High
Day Low
52W High$80.08
52W Low$55.82
Volume
Avg Volume (3M)6,279,195
Beta0.60

Dividends

Dividend Yield2.94%
Annual Rate$2.10
Ex-Div Date2026-06-12
Payout Ratio88.82%

Profitability

Profit Margin23.06%
Operating Margin33.61%
ROE19.66%
ROA4.89%
Revenue Growth9.00%
Earnings Growth25.00%

Balance Sheet

Total Revenue$12.11B
Total Debt$30.30B
Debt / Equity199.85
Current Ratio0.83
Free Cash Flow$-190,250,000

Fair Value Estimates

Current price: $71.51

Graham Number

√(22.5 × EPS × Book Value)

$23.16

-67.6% downside

Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.

Bazin Ceiling Price

Avg. Annual DPS (5Y) ÷ 6%

$30.11

-57.9% downside

Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.

These are simplified estimates. Not financial advice.

Buy & Hold Checklist

Quality criteria for long-term holding

8/10

80% score

Pays dividends

15Y hist.

15+ years of dividend history

Dividend consistency (5Y+)

15 yrs

Uninterrupted dividend payments for at least 5 years

ROE above 10%

19.7%

Return on equity — measures how efficiently capital is used

Positive profit margin

23.1%

Net profit margin must be positive — company earns more than it spends

Revenue growth (annual)

+9.0%

Annual revenue must be growing compared to the prior year

Earnings growth (annual)

+25.0%

Annual earnings must be growing compared to the prior year

Debt/Equity below 2×

199.85×

Low financial leverage reduces risk of distress

Current ratio above 1

0.83×

Short-term assets must cover short-term liabilities

Daily liquidity above $5M

$449M/day

High trading volume ensures easy entry and exit

Dividend yield above 0%

2.94%

Stock must distribute income to shareholders

Related Assets

Energy

About WMB

The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission, Power & Gulf, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission, Power & Gulf segment comprises Transco, NWP, and Mountain West interstate natural gas pipelines, and their related natural gas storage facilities, as well as natural gas gathering and processing; and crude oil production handling and transportation assets in the Gulf Coast region. The Northeast G&P segment engages in the midstream gathering, processing, and fractionation activities in the Marcellus Shale region primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment consists of gas gathering, processing, and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of South Texas, the Haynesville Shale region of northwest Louisiana, the Mid-Continent region that includes the Anadarko and Permian basins, and the DJ Basin of Colorado; and operates natural gas liquid (NGL) fractionation and storage assets in central Kansas near Conway. The Gas & NGL Marketing Services segment provides wholesale marketing, trading, storage, and transportation of natural gas for natural gas utilities, municipalities, power generators, and producers; asset management services; and transports and markets NGLs. The company owns and operates approximately 32,000 miles of pipelines. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.

Sector

Energy

Industry

Oil & Gas Midstream

Location

Tulsa, United States

Employees

5,987