WMB · May 20, 2026NYSEWMBCoverage Bootstrap

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Williams Companies: natural-gas infrastructure cash flow has to outlast capex and rate risk

WMB has an annual revenue baseline of $12.0B GAAP revenue; $14.9B customer revenue concept, latest revenue marker of $3.0B GAAP revenue Q1 2026; $4.7B customer revenue concept, annual net income of $2.6B and cash of cash concept not standardized in first companyfacts pass. The thesis depends on revenue durability, margins, cash conversion and balance-sheet discipline.

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WMB has an annual revenue baseline of $12.0B GAAP revenue; $14.9B customer revenue concept, latest revenue marker of $3.0B GAAP revenue Q1 2026; $4.7B customer revenue concept, annual net income of $2.6B and cash of cash concept not standardized in first companyfacts pass. The thesis depends on revenue durability, margins, cash conversion and balance-sheet discipline.

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SEC datasetSEC company tickers exchange datasetRetrieved 2026-05-20 · Issuer identity, ticker, exchange and CIK SEC APISEC submissions APIRetrieved 2026-05-20 · Filing chronology and company identity SEC XBRL APISEC companyfacts APIRetrieved 2026-05-20 · Financial statement cross-checks Annual reportFY2025 Form 10-K filed 2026-02-242026-02-24 · Annual business, risk and financial baseline Quarterly reportForm 10-Q filed 2026-05-042026-05-04 · Latest interim filing chronology and financial baseline Current reportForm 8-K filed 2026-05-042026-05-04 · Recent SEC filing chronology and company update context Proxy statementDEF 14A filed 2026-03-182026-03-18 · Governance and incentive context