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Williams Companies WMB Northeast G & P — Equity-method investments

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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: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 northeast g & p — equity-method investments?
Williams Companies (WMB) reported northeast g & p — equity-method investments of $3.26B in Q3 2025.
What does northeast g & p — equity-method investments mean?
This represents the carrying value of the company's investments in joint ventures and partnerships within the Northeast Gathering and Processing segment that are accounted for using the equity method. It reflects the total balance sheet exposure to these non-consolidated entities. This metric is used to assess the scale of the company's partnership-based business model in the region.

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