What does gas & NGL marketing services — total assets mean?

This metric represents the aggregate book value of all assets allocated to the Gas and NGL marketing segment, including working capital, inventory, and long-term infrastructure. It serves as a measure of the scale and resource intensity required to support the segment's commodity marketing and trading operations. Investors use this to assess the asset base supporting the segment's revenue generation and its relative importance within the company's portfolio.

Williams Companies (WMB) Gas & NGL Marketing Services — Total Assets

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Other segment segments

Reportable Segment, Aggregation before Other Operating Segment

$49.88B—

West

$12.74B—

Northeast G & P

$12.63B—

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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

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Operating margin34.3%-0.2pp

Net margin20.6%-6.7pp

FCF margin16%-13.4pp

Returns & leverage

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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:Assets.

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, 2024	Transmission, Power & Gulf / Nine Months Ended September 30, 2024	Northeast G&P	West	Gas & 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 — total assets?: Williams Companies (WMB) reported gas & NGL marketing services — total assets of $183M in Q3 2025.
What does gas & NGL marketing services — total assets mean?: This metric represents the aggregate book value of all assets allocated to the Gas and NGL marketing segment, including working capital, inventory, and long-term infrastructure. It serves as a measure of the scale and resource intensity required to support the segment's commodity marketing and trading operations. Investors use this to assess the asset base supporting the segment's revenue generation and its relative importance within the company's portfolio.