What does northeast g & p — recovery of direct costs mean?

Revenue or reimbursements received from customers or partners to cover specific direct costs incurred by the Northeast Gathering and Processing segment. This often relates to pass-through costs for maintenance or specific project-related expenses. It effectively offsets the impact of these costs on the segment's bottom line.

Williams Companies (WMB) Northeast G & P — Recovery of Direct Costs

Screener

Other segment segments

Transmission, Power & Gulf

-$64M+1.5%

West

-$17M-30.8%

Gas & NGL Marketing Services

$0—

Similar metrics at other companies

ENPHReportable Segment — Recovery of Direct Costs

$43.41M—

MFICRecovery Of Direct Costs

$62K-92.3%

TSLAAutomotive sales — Recovery of direct costs

$141.25M-9.6%

TSLAEnergy generation and storage sales — Recovery of direct costs

$280M+48.1%

CSWCNortheast — Cost

$579.9M+22.2%

SME&P Segment — G&A

$174M+346%

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:RecoveryOfDirectCosts.

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
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
Total Modified EBITDA of reportable segments	$973	$505	$342	$54	$1,874
Reconciliation of Modified EBITDA:

Item 1. Financial Statements

FAQ

What is Williams Companies's northeast g & p — recovery of direct costs?: Williams Companies (WMB) reported northeast g & p — recovery of direct costs of -$42M in Q3 2025.
What does northeast g & p — recovery of direct costs mean?: Revenue or reimbursements received from customers or partners to cover specific direct costs incurred by the Northeast Gathering and Processing segment. This often relates to pass-through costs for maintenance or specific project-related expenses. It effectively offsets the impact of these costs on the segment's bottom line.