Skip to content
Screener

Williams Companies WMB Gas & NGL Marketing Services — Equity-method investments

Other segment segments

Reportable Segment, Aggregation before Other Operating Segment
$4.13B
Other Operating Segment
$13M
Northeast G & P
$0.5
Transmission, Power & Gulf
$0.5
West
$0.50.0%

Similar metrics at other companies

MPLX logo
MPLXNatural Gas & NGL Services — Equity Method Investments
$3.4B+8.1%
Enbridge logo
ENBGas Transmission — Equity Method Investments
$2.08B+33.0%
Marathon Petroleum logo
MPCRefining And Marketing — Equity Method Investments
$98M-65.2%
Enbridge logo
ENBGas Distributionand Storage — Equity Method Investments
$66M-1.5%
General Electric logo
GECommercial Engines & Services — Equity Method Investments
$1.68B+4.5%
American Electric Power logo
AEPVIU — Equity Method Investments
$9M

Other financials

Income statement

See full
Revenue$3.1B+9.8%
Operating income$1.1B+32.3%
Net income$827.0M+51.5%
EPS (diluted)$0.68+51.1%

Balance sheet

See full
Cash & equivalents$70.0M-90.8%
Total debt$26.6B+2.9%
Total equity$12.5B+0.7%
Total assets$55.7B+3.5%

Cash flow

See full
Operating cash flow$1.4B+15.8%
CapEx$954.0M+39.9%
Free cash flow$485.0M-13.5%

Valuation

See full
Market cap$87.49B+18.9%
P/E32.3×+13.1×
P/S7.4×+1.6×

Profitability

See full
Operating margin34.3%-0.2pp
Net margin20.6%-6.7pp
FCF margin16%-13.4pp

Returns & leverage

See full
Return on equity19%-4.7pp
Debt / equity2.1×+0.1×
Current ratio0.4×-0.1×

Where this comes from

Reported directly by Williams Companies in its filing.

Tagged under the XBRL concept us-gaap:EquityMethodInvestments.

The source filing: Williams Companies’s 10-Q, filed November 3, 2025.

Filed
Nov 3, 2025
Fiscal quarter
Q4 FY2025
Calendar quarter
Q4 2025
Accession
0000107263-25-000145
Nine Months Ended September 30, 2024Transmission, Power & Gulf / Nine Months Ended September 30, 2024Northeast G&PWestGas & NGL Marketing Services (1)Total
Income (loss) before income taxes$2,378
Additions to long-lived segment assets$3,763$163$288$1$4,215
As of September 30, 2025
Equity-method investments by reportable segment$262$3,255$460$153$4,130
Segment assets$24,329$12,631$12,735$183$49,878
As of December 31, 2024
Equity-method investments by reportable segment$272$3,346$476$4,094
Segment assets$23,149$12,918$12,144$46$48,257

Item 1. Financial Statements

FAQ

What is Williams Companies's gas & NGL marketing services — equity-method investments?
Williams Companies (WMB) reported gas & NGL marketing services — equity-method investments of $153M in Q3 2025.
What does gas & NGL marketing services — equity-method investments mean?
This metric tracks the carrying value of investments in entities where the company exercises significant influence but does not have full control, specifically within the Gas and NGL marketing segment. It captures the value of joint ventures, partnerships, or minority stakes that support the segment's broader marketing and logistics strategy. Changes in this balance reflect the company's reliance on collaborative business models to access markets or share operational risk.

Ask your AI about Williams Companies's gas & ngl marketing services — equity-method investments.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude