What does gas & NGL marketing services — unrealized mean?

This captures the non-cash mark-to-market gains or losses on open derivative contracts held by the marketing segment. It reflects the change in value of financial instruments that have not yet been settled.

Williams Companies (WMB) Gas & NGL Marketing Services — Unrealized

Screener

Other segment segments

Northeast G & P

$0—

Transmission, Power & Gulf

$0—

West

$0—

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KMINatural Gas Pipelines — Unrealized Gain (Loss) on Derivatives

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AMRCEurope — Unrealized Gain (Loss) on Derivatives

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MTD

MTDRMidstream — Unrealized (loss) gain on derivatives

$0—

KMITerminals — Unrealized Gain (Loss) on Derivatives

$1M—

KMICO2 — Unrealized Gain (Loss) on Derivatives

$19M+280%

AMRCAll Other — Unrealized Gain (Loss) on Derivatives

$0—

Other financials

Income statement

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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

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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

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Operating cash flow$1.4B+15.8%

CapEx$954.0M+39.9%

Free cash flow$485.0M-13.5%

Valuation

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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:UnrealizedGainLossOnDerivatives.

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

Three Months Ended September 30, 2025	Transmission, Power & Gulf / Three Months Ended September 30, 2025	Northeast G&P	West	Gas & NGL Marketing Services (1)	Total
Total revenues of reportable segments	$1,392	$530	$712	$448	$3,082
Segment costs and expenses and Proportional Modified EBITDA of equity-method investments:
Product costs and net realized processing commodity expenses	(139)	(25)	(211)	(398)
Net unrealized gain (loss) from commodity derivatives within Net processing commodity expenses	—	—	—	2
Operating and administrative expenses (3)	(290)	(114)	(150)	(14)
Recoverable power, transportation, and storage costs (4)	(64)	(42)	(17)	—
Other segment income (expenses) - net (5)	37	(5)	(28)	—
Proportional Modified EBITDA of equity-method investments	37	161	36	16

Item 1. Financial Statements

FAQ

What is Williams Companies's gas & NGL marketing services — unrealized?: Williams Companies (WMB) reported gas & NGL marketing services — unrealized of $2M in Q3 2025.
How has Williams Companies's gas & NGL marketing services — unrealized changed year-over-year?: Williams Companies's gas & NGL marketing services — unrealized increased by 100.0% year-over-year, from $1M to $2M.
What does gas & NGL marketing services — unrealized mean?: This captures the non-cash mark-to-market gains or losses on open derivative contracts held by the marketing segment. It reflects the change in value of financial instruments that have not yet been settled.