Williams Companies WMB Business Segments
| Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Other Operating Segment | $160M-15.8% | $190M+22.6% | $155M+675% | $20M-80.6% | $103M+17.0% | |
| Reportable Segment, Aggregation before Other Operating Segment | $3.08B+5.6% | $2.92B-10.6% | $3.26B+11.3% | $2.93B+4.1% | $2.82B+14.4% | |
| Transmission, Power & Gulf | $1.39B— | —— | —— | $144M-87.7% | $1.17B— | |
| Revenue Not from Contract with Customer, Other by Business | ||||||
| Gas & NGL Marketing Services | $658M+10.4% | $596M-45.8% | $1.1B+99.6% | $551M+7.0% | $515M+52.8% | |
| Northeast G & P | $11M— | —— | —— | —— | $11M— | |
| Other Operating Segment | $24M-54.7% | $53M+296% | -$27M-1,450% | $2M-75.0% | $8M+300% | |
| Transmission, Power & Gulf | $8M— | —— | —— | —— | $8M— | |
| West | $3M+200% | $1M+200% | -$1M-200% | $1M— | $0-100% | |
| Total Assets by Business | ||||||
| Gas & NGL Marketing Services | $183M-2.7% | $188M-2.6% | $193M+320% | $46M— | —— | |
| Northeast G & P | $12.63B— | —— | —— | $12.92B— | —— | |
| Reportable Segment, Aggregation before Other Operating Segment | $49.88B+0.9% | $49.41B+1.1% | $48.88B+1.3% | $48.26B— | —— | |
| Transmission, Power & Gulf | $24.33B— | —— | —— | $23.15B— | —— | |
| West | $12.74B-0.1% | $12.75B+1.8% | $12.53B+3.2% | $12.14B— | —— | |
| Modified EBITDA by Business | ||||||
| Gas & NGL Marketing Services | $54M+280% | -$30M-120% | $152M+238% | -$110M-1,100% | $11M+109% | |
| Northeast G & P | $505M— | —— | —— | —— | $476M— | |
| Other Operating Segment | $93M-21.2% | $118M+57.3% | $75M+971% | $7M-87.9% | $58M+23.4% | |
| Reportable Segment, Aggregation before Other Operating Segment | $1.87B+10.0% | $1.7B-9.3% | $1.88B+20.7% | $1.56B-4.0% | $1.62B+9.5% | |
| Transmission, Power & Gulf | $973M— | —— | —— | $42M-94.8% | $811M— | |
| West | $342M+0.3% | $341M-3.7% | $354M+2.9% | $344M+6.5% | $323M+1.6% | |
| Payments to Acquire Productive Assets by Business | ||||||
| Gas & NGL Marketing Services | $0-100% | $1M— | $0-100% | $1M0.0% | $1M— | |
| Northeast G & P | $53M— | —— | —— | —— | $56M— | |
| Reportable Segment, Aggregation before Other Operating Segment | $974M-4.3% | $1.02B+10.9% | $918M-0.8% | $925M-2.0% | $944M+50.1% | |
| Transmission, Power & Gulf | $754M— | —— | —— | —— | $761M— | |
| West | $167M-29.8% | $238M-57.3% | $557M+131% | $241M+91.3% | $126M+77.5% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | ||||||
| Gas & NGL Marketing Services | $1.25B+2.9% | $1.21B-41.0% | $2.06B+58.5% | $1.3B+29.1% | $1.01B+9.0% | |
| Northeast G & P | $530M— | —— | —— | —— | $502M— | |
| West | $712M+5.3% | $676M-6.9% | $726M+6.1% | $684M+3.2% | $663M+6.8% | |
| Other Segment Income (Expenses) - Net by Business | ||||||
| Gas & NGL Marketing Services | $0-100% | $1M— | $0— | $0— | $0— | |
| Northeast G & P | -$5M— | —— | —— | —— | -$1M— | |
| Transmission, Power & Gulf | $37M— | —— | —— | —— | $46M— | |
| West | -$28M-2,700% | -$1M-109% | $11M+238% | -$8M-260% | $5M+350% | |
| Revenues Adjustments For Certain Risk Management Activities Costs by Business | ||||||
| Gas & NGL Marketing Services | $1.46B+2.7% | $1.42B-41.9% | $2.45B+74.4% | $1.4B+35.1% | $1.04B+7.2% | |
| Northeast G & P | $0— | —— | —— | —— | $0— | |
| Other Operating Segment | $0— | $0— | $0— | $0— | $0— | |
| Transmission, Power & Gulf | $0— | —— | —— | —— | $0— | |
| West | $0— | $0— | $0— | $0— | $0— | |
| Product Costs And Net Realized Processing Commodity Expenses by Business | ||||||
| Gas & NGL Marketing Services | $398M-5.5% | $421M-17.9% | $513M-3.2% | $530M+17.8% | $450M+16.3% | |
| Northeast G & P | $25M— | —— | —— | —— | $19M— | |
| Transmission, Power & Gulf | $139M— | —— | —— | —— | $87M— | |
| West | $211M+5.0% | $201M-20.9% | $254M+22.1% | $208M-1.0% | $210M+18.6% | |
| Recovery of Direct Costs by Business | ||||||
| Gas & NGL Marketing Services | $0— | $0— | $0— | $0— | $0— | |
| Northeast G & P | -$42M— | —— | —— | —— | -$35M— | |
| Transmission, Power & Gulf | -$64M— | —— | —— | —— | -$65M— | |
| West | -$17M-13.3% | -$15M-7.1% | -$14M-7.7% | -$13M0.0% | -$13M-8.3% | |
| Equity-method investments by Business | ||||||
| Gas & NGL Marketing Services | $153M0.0% | $153M0.0% | $153M— | $0— | —— | |
| Northeast G & P | $3.26B— | —— | —— | $3.35B— | —— | |
| Reportable Segment, Aggregation before Other Operating Segment | $4.13B-0.6% | $4.15B-2.4% | $4.25B+3.9% | $4.09B— | —— | |
| Transmission, Power & Gulf | $262M— | —— | —— | $272M— | —— | |
| West | $460M+0.4% | $458M-1.1% | $463M-2.7% | $476M— | —— | |
| Unrealized by Business | ||||||
| Gas & NGL Marketing Services | $2M-83.3% | $12M+220% | -$10M-233% | -$3M-400% | $1M+114% | |
| Northeast G & P | $0— | —— | —— | —— | $0— | |
| Transmission, Power & Gulf | $0— | —— | —— | —— | $0— | |
| West | $0— | $0— | $0— | $0— | $0— | |
| Operating And Administrative Expenses by Business | ||||||
| Gas & NGL Marketing Services | $14M-26.3% | $19M-51.3% | $39M+69.6% | $23M+4.5% | $22M-4.3% | |
| Northeast G & P | $114M— | —— | —— | —— | $120M— | |
| Transmission, Power & Gulf | $290M— | —— | —— | —— | $294M— | |
| West | $150M0.0% | $150M-1.3% | $152M+3.4% | $147M-6.4% | $157M+6.1% | |
| Proportional Modified EBITDA Equity Method Investments by Business | ||||||
| Gas & NGL Marketing Services | -$16M-100% | -$8M-167% | -$3M— | $0— | $0— | |
| Northeast G & P | -$161M— | —— | —— | —— | -$149M— | |
| Transmission, Power & Gulf | -$37M— | —— | —— | —— | -$41M— | |
| West | -$36M-12.5% | -$32M+15.8% | -$38M-5.6% | -$36M-2.9% | -$35M+2.8% | |
| Equity Method Investment, Ownership Percentage by Business | ||||||
| Northeast G & P | 50%— | —— | —— | —— | —— | |
| Transmission, Power & Gulf | 50%— | —— | —— | 60%— | —— | |
| West | 50%0.0pp | 50%0.0pp | 50%0.0pp | 50%0.0pp | 50%0.0pp | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | ||||||
| Non Regulated Service Monetary Consideration | $1.11B+3.5% | $1.07B+3.2% | $1.04B+0.2% | $1.04B+3.8% | $999M+4.8% | |
| Other Service | $36M-5.3% | $38M-11.6% | $43M+19.4% | $36M+16.1% | $31M-11.4% | |
| Regulated Service | $952M+5.1% | $906M+0.7% | $900M+2.9% | $875M+1.9% | $859M+4.0% | |
| Receivables, Net, Current by Product | ||||||
| Derivative Receivables | $186M-11.0% | $209M-39.8% | $347M+18.0% | $294M+89.7% | $155M-24.4% | |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization by Product | ||||||
| Natural Gas Purchased For Shrink | $14M+250% | $4M-85.7% | $28M+100% | $14M+100% | $7M-58.8% | |
| Oil And Gas Purchased | $471M-0.6% | $474M-22.9% | $615M+1.2% | $608M+17.6% | $517M+21.9% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Williams Companies break its business down?
- Williams Companies (WMB) reports revenue by business across 3 parts — Other Operating Segment, Reportable Segment, Aggregation before Other Operating Segment and Transmission, Power & Gulf. Each is extracted from the segment footnotes and tracked over time.
- Where does Williams Companies's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Williams Companies's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
