CapEx
Williams Companies CapEx decreased by 1.9% to $954.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 39.9%, from $682.00M to $954.00M. Over 3 years (FY 2021 to FY 2024), CapEx shows an upward trend with a 27.6% CAGR.
Analysis
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
cf_capital_expendituresHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $425.00M | $272.00M | $282.00M | $291.00M | $315.00M | $841.00M | $806.00M | $545.00M | $610.00M | $690.00M | $671.00M | $544.00M | $579.00M | $682.00M | $768.00M | $1.01B | $972.00M | $954.00M |
| QoQ Change | — | -36.0% | +3.7% | +3.2% | +8.2% | +167.0% | -4.2% | -32.4% | +11.9% | +13.1% | -2.8% | -18.9% | +6.4% | +17.8% | +12.6% | +31.8% | -4.0% | -1.9% |
| YoY Change | — | — | — | — | -25.9% | +209.2% | +185.8% | +87.3% | +93.7% | -18.0% | -16.7% | -0.2% | -5.1% | -1.2% | +14.5% | +86.0% | +67.9% | +39.9% |
Business Segments
| Segment | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 |
|---|---|---|---|---|---|---|---|---|
| Reportable Segment, Aggregation before Other Operating Segment | — | — | — | — | — | $918.00M | $1.02B | $974.00M |
| Transmission, Power & Gulf | — | — | — | — | — | — | — | $754.00M |
| West | $296.50M | $91.00M | $71.00M | $126.00M | $241.00M | $557.00M | $238.00M | $167.00M |
| Northeast G & P | — | — | — | — | — | — | — | $53.00M |
| Corporate And Other | $69.75M | — | — | — | — | — | — | — |
| Gas & NGL Marketing Services | $1.75M | $0.00 | $0.00 | $1.00M | $1.00M | $0.00 | $1.00M | $0.00 |
| Northeast G And P | $85.00M | $64.00M | $43.00M | — | — | $59.00M | $54.00M | — |
| Transmission And Gulf Of America | — | $2.49B | $515.00M | — | — | $302.00M | $725.00M | — |
| Transmission And Gulf Of Mexico | $625.25M | — | — | — | — | — | — | — |
| Total | $671.00M | $544.00M | $579.00M | $682.00M | $768.00M | $1.01B | $972.00M | $954.00M |
Other Operating Segment is derived from annual filings.
Corporate And Other, Northeast G And P, Transmission And Gulf Of America, Transmission And Gulf Of Mexico were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is Williams Companies's capex?
- Williams Companies (WMB) reported capex of $954.00M in Q3 2025.
- How has Williams Companies's capex changed year-over-year?
- Williams Companies's capex increased by 39.9% year-over-year, from $682.00M to $954.00M.
- What is the long-term trend for Williams Companies's capex?
- Over 3 years (2021 to 2024), Williams Companies's capex has grown at a 27.6% compound annual growth rate (CAGR), from $1.24B to $2.57B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.