Business Segments · Modified EBITDA

Gas & NGL Marketing Services — Modified EBITDA

Williams Companies Gas & NGL Marketing Services — Modified EBITDA increased by 280.0% to $54.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 390.9%, from $11.00M to $54.00M. Over 2 years (FY 2021 to FY 2024), Gas & NGL Marketing Services — Modified EBITDA shows a downward trend with a 5.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2020
Last reportedQ3 2025

How to read this metric

Higher values indicate stronger operational performance and cash-generating capability of the marketing business.

Detailed definition

This is the primary measure of the marketing segment's operating profitability, adjusted for non-cash items and specific...

Peer comparison

The standard 'Segment EBITDA' metric used by all major midstream energy companies for performance benchmarking.

Metric ID: wmb_segment_gas_ngl_marketing_services_modified_ebitda

Historical Data

17 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$8.00M-$262.00M$49.00M$13.00M-$282.00M$20.00M$567.00M$68.00M$43.00M$272.00M$101.00M-$126.00M$11.00M-$110.00M$152.00M-$30.00M$54.00M
QoQ Change<-999%+118.7%-73.5%<-999%+107.1%>999%-88.0%-36.8%+532.6%-62.9%-224.8%+108.7%<-999%+238.2%-119.7%+280.0%
YoY Change<-999%+107.6%>999%+124.1%+115.0%-82.2%-285.3%-74.4%-140.4%+50.5%+76.2%+390.9%
Range-$282.00M$567.00M
CAGR+61.2%
Avg YoY Growth+76.5%
Median YoY Growth+63.3%

Frequently Asked Questions

What is Williams Companies's gas & ngl marketing services — modified ebitda?
Williams Companies (WMB) reported gas & ngl marketing services — modified ebitda of $54.00M in Q3 2025.
How has Williams Companies's gas & ngl marketing services — modified ebitda changed year-over-year?
Williams Companies's gas & ngl marketing services — modified ebitda increased by 390.9% year-over-year, from $11.00M to $54.00M.
What is the long-term trend for Williams Companies's gas & ngl marketing services — modified ebitda?
Over 2 years (2021 to 2024), Williams Companies's gas & ngl marketing services — modified ebitda has grown at a 5.2% compound annual growth rate (CAGR), from -$112.00M to -$124.00M.
What does gas & ngl marketing services — modified ebitda mean?
The core operating profitability of the marketing segment, adjusted for non-cash items.