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Williams Companies WMB West — 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 west — equity-method investments?
Williams Companies (WMB) reported west — equity-method investments of $460M in Q3 2025.
What does west — equity-method investments mean?
This metric represents the carrying value of the West segment's investments in unconsolidated entities where the company exercises significant influence but does not have full control. It reflects the total capital deployed into joint ventures and strategic partnerships within the segment's geographic or operational footprint.

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