Williams Companies WMB Business Segments
| Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Other Operating Segment | $160M+55.3% | $190M+116% | $155M+29.2% | $20M-84.2% | $103M-18.6% | |
| Reportable Segment, Aggregation before Other Operating Segment | $3.08B+9.4% | $2.92B+18.5% | $3.26B+12.6% | $2.93B+4.8% | $2.82B+0.6% | |
| Transmission, Power & Gulf | $1.39B+19.0% | —— | —— | $144M— | $1.17B— | |
| Revenue Not from Contract with Customer, Other by Business | ||||||
| Gas & NGL Marketing Services | $658M+27.8% | $596M+76.9% | $1.1B+32.1% | $551M-48.7% | $515M-52.0% | |
| Northeast G & P | $11M0.0% | —— | —— | —— | $11M— | |
| Other Operating Segment | $24M+200% | $53M+2,550% | -$27M-325% | $2M-87.5% | $8M-50.0% | |
| Transmission, Power & Gulf | $8M0.0% | —— | —— | —— | $8M— | |
| West | $3M— | $1M-83.3% | -$1M-200% | $1M-96.0% | $0-100% | |
| Total Assets by Business | ||||||
| Gas & NGL Marketing Services | $183M— | $188M— | $193M— | $46M-40.3% | —— | |
| Northeast G & P | $12.63B— | —— | —— | $12.92B— | —— | |
| Reportable Segment, Aggregation before Other Operating Segment | $49.88B— | $49.41B— | $48.88B— | $48.26B+6.6% | —— | |
| Transmission, Power & Gulf | $24.33B— | —— | —— | $23.15B— | —— | |
| West | $12.74B— | $12.75B— | $12.53B— | $12.14B-0.4% | —— | |
| Modified EBITDA by Business | ||||||
| Gas & NGL Marketing Services | $54M+391% | -$30M+76.2% | $152M+50.5% | -$110M-140% | $11M-74.4% | |
| Northeast G & P | $505M+6.1% | —— | —— | —— | $476M— | |
| Other Operating Segment | $93M+60.3% | $118M+151% | $75M-1.3% | $7M-90.9% | $58M-24.4% | |
| Reportable Segment, Aggregation before Other Operating Segment | $1.87B+15.6% | $1.7B+15.0% | $1.88B+6.6% | $1.56B-13.2% | $1.62B-9.6% | |
| Transmission, Power & Gulf | $973M+20.0% | —— | —— | $42M— | $811M— | |
| West | $342M+5.9% | $341M+7.2% | $354M+8.3% | $344M+2,767% | $323M+2.5% | |
| Payments to Acquire Productive Assets by Business | ||||||
| Gas & NGL Marketing Services | $0-100% | $1M— | $0— | $1M-42.9% | $1M-42.9% | |
| Northeast G & P | $53M-5.4% | —— | —— | —— | $56M— | |
| Reportable Segment, Aggregation before Other Operating Segment | $974M+3.2% | $1.02B+61.8% | $918M-65.3% | $925M-8.3% | $944M-6.4% | |
| Transmission, Power & Gulf | $754M-0.9% | —— | —— | —— | $761M— | |
| West | $167M+32.5% | $238M+235% | $557M+512% | $241M-18.7% | $126M-57.5% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | ||||||
| Gas & NGL Marketing Services | $1.25B+24.2% | $1.21B+31.6% | $2.06B+57.4% | $1.3B-46.4% | $1.01B+80.1% | |
| Northeast G & P | $530M+5.6% | —— | —— | —— | $502M— | |
| West | $712M+7.4% | $676M+8.9% | $726M+3.6% | $684M+1,191% | $663M+24.4% | |
| Other Segment Income (Expenses) - Net by Business | ||||||
| Gas & NGL Marketing Services | $0— | $1M— | $0— | $0+100% | $0+100% | |
| Northeast G & P | -$5M-400% | —— | —— | —— | -$1M— | |
| Transmission, Power & Gulf | $37M-19.6% | —— | —— | —— | $46M— | |
| West | -$28M-660% | -$1M+50.0% | $11M— | -$8M-967% | $5M+767% | |
| Revenues Adjustments For Certain Risk Management Activities Costs by Business | ||||||
| Gas & NGL Marketing Services | $1.46B+40.5% | $1.42B+46.7% | $2.45B+55.8% | $1.4B-7.0% | $1.04B-31.2% | |
| 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-11.6% | $421M+8.8% | $513M+18.8% | $530M+18.7% | $450M+0.8% | |
| Northeast G & P | $25M+31.6% | —— | —— | —— | $19M— | |
| Transmission, Power & Gulf | $139M+59.8% | —— | —— | —— | $87M— | |
| West | $211M+0.5% | $201M+13.6% | $254M+2.0% | $208M+60.9% | $210M+62.5% | |
| Recovery of Direct Costs by Business | ||||||
| Gas & NGL Marketing Services | $0— | $0— | $0— | $0— | $0— | |
| Northeast G & P | -$42M-20.0% | —— | —— | —— | -$35M— | |
| Transmission, Power & Gulf | -$64M+1.5% | —— | —— | —— | -$65M— | |
| West | -$17M-30.8% | -$15M-25.0% | -$14M-27.3% | -$13M-40.5% | -$13M-40.5% | |
| Equity-method investments by Business | ||||||
| Gas & NGL Marketing Services | $153M— | $153M— | $153M— | $0— | —— | |
| Northeast G & P | $3.26B— | —— | —— | $3.35B— | —— | |
| Reportable Segment, Aggregation before Other Operating Segment | $4.13B— | $4.15B— | $4.25B— | $4.09B-11.1% | —— | |
| Transmission, Power & Gulf | $262M— | —— | —— | $272M— | —— | |
| West | $460M— | $458M— | $463M— | $476M-0.2% | —— | |
| Unrealized by Business | ||||||
| Gas & NGL Marketing Services | $2M+100% | $12M+271% | -$10M-433% | -$3M— | $1M— | |
| 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-36.4% | $19M-17.4% | $39M-2.5% | $23M-6.1% | $22M-10.2% | |
| Northeast G & P | $114M-5.0% | —— | —— | —— | $120M— | |
| Transmission, Power & Gulf | $290M-1.4% | —— | —— | —— | $294M— | |
| West | $150M-4.5% | $150M+1.4% | $152M+9.4% | $147M+17.1% | $157M+25.1% | |
| Proportional Modified EBITDA Equity Method Investments by Business | ||||||
| Gas & NGL Marketing Services | -$16M— | -$8M— | -$3M— | $0— | $0— | |
| Northeast G & P | -$161M-8.1% | —— | —— | —— | -$149M— | |
| Transmission, Power & Gulf | -$37M+9.8% | —— | —— | —— | -$41M— | |
| West | -$36M-2.9% | -$32M+11.1% | -$38M-52.0% | -$36M+11.1% | -$35M+13.6% | |
| 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+11.1% | $1.07B+12.5% | $1.04B+5.9% | $1.04B+12.1% | $999M+11.2% | |
| Other Service | $36M+16.1% | $38M+8.6% | $43M+13.2% | $36M+38.5% | $31M+10.7% | |
| Regulated Service | $952M+10.8% | $906M+9.7% | $900M+4.8% | $875M+10.2% | $859M+2.1% | |
| Receivables, Net, Current by Product | ||||||
| Derivative Receivables | $186M+20.0% | $209M+2.0% | $347M+113% | $294M-5.5% | $155M-25.1% | |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization by Product | ||||||
| Natural Gas Purchased For Shrink | $14M+100% | $4M-76.5% | $28M+460% | $14M-36.4% | $7M-77.4% | |
| Oil And Gas Purchased | $471M-8.9% | $474M+11.8% | $615M+16.9% | $608M+42.7% | $517M+6.8% |
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.
