Williams Companies (WMB)
NYSEEnergyOil & Gas MidstreamSnapshot 2026-09-04
$74.15+0.14%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas MidstreamSnapshot 2026-09-04
QuarterlyIQ Insights · WMB
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 63.7% |
| Our one-year growth estimate | diamond | 11.0% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 52.8 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 17 industry peers · Company calendar date is not available
WMB — debt issuance
Dated 2026-09-03
Other Events. On September 3, 2026, The Williams Companies, Inc. (the “Company”) filed a prospectus supplement to the Company’s existing effective shelf registration statement on Form S-3 (File No. 333-277232) registering the resale by the selling securityholders named therein of up to 26,874,496 shares of the Company’s common stock, par value $1.00 per share (the “Shares”), under the Securities Act of 1933, as amended. A copy of the opinion regarding the validity of the Shares is attached he…
Why it matters: Progress on these projects is key for revenue growth and efficiency.
Supportive ifCompletion of at least two major pipeline projects by the end of Q3 2026.
Worry ifNo new updates or delays on pipeline projects were reported.
Why it matters: More money in Power Innovation shows growth potential. It also shows a strategic focus.
Supportive ifNew agreements or funding over $7 billion are announced.
Worry ifNo new agreements or less funding for Power Innovation projects.
Why it matters: A drop in the dividend coverage ratio may show financial trouble or less cash.
Worry ifDividend coverage ratio falls below 2.0x on an AFFO basis.
Less concerning ifThe dividend coverage ratio is over 2.0x based on AFFO.
Why it matters: This investment helps growth and lowers capital risk. It affects future earnings.
Supportive ifAnnouncement of successful project steps or cash from the investment.
Worry ifThere are delays or problems in Power Innovation projects. These hurt expected returns.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$111 on $10,000 · ±1.1% | How much price usually moves either way. |
| Bad day | $230 loss on $10,000 · 2.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,236 loss on $10,000 · 12.4% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Progress on these projects is key to revenue growth. Investors will want to see continued execution.
Supportive ifNew pipeline projects or expansions will increase capacity by at least 1 Bcf/d.
Worry ifNo new announcements or delays in current projects.
Why it matters: This deal is important for growing Williams' LNG capacity and making more money.
Supportive ifWilliams says it has merged Momentum Midstream. It is seeing more money coming in.
Worry ifProblems with integration or low revenue gains could be a concern.
Why it matters: This partnership could provide significant capital for growth. It supports Williams' strategy to meet rising power demand.
Supportive ifWatch for updates from Williams on the Power Innovation projects with Blackstone.
Worry ifNo updates or delays in the planned projects funded by the joint venture.
Why it matters: This project helps increase capacity. It also supports revenue growth in the Northeast.
Supportive ifThe project is completed and operational by the end of Q3 2026.
Worry ifThe project faces significant delays beyond Q3 2026.
Why it matters: Any changes might show new priorities for spending and the company's financial health.
Watch forWilliams says it will raise the dividend above the current $2.10 per year.
Also watch forWilliams cuts or freezes the dividend payout.
Why it matters: How money is spent can change growth plans and dividends.
Watch forThey announced over $1 billion in new investments for growth projects.
Also watch forThere is a cut in capital spending or cuts to growth projects.
Why it matters: Finishing this phase shows progress in Williams' Power Innovation plan. It could help growth.
Supportive ifPhase two of Socrates is completed on time in Q4 2026.
Worry ifPhase two of Socrates is delayed beyond Q4 2026.
Why it matters: Changes in capital spending can show shifts in growth plans or financial health.
Watch forManagement announces growth capex for 2026 at the higher end of $7.6 billion.
Also watch forManagement lowers growth capex for 2026 to below $7 billion.
Why it matters: Confirming dividend growth shows financial health and commitment to shareholders. It reflects ongoing cash flow strength.
Supportive ifDividend growth confirmed at 5% or more for 2026.
Worry ifDividend growth announced at less than 5% for 2026.
Why it matters: Details about debt will show Williams' spending plans and money choices.
Watch forWilliams announces favorable terms on the debt issuance that supports growth projects.
Also watch forTerms are unfavorable or the issuance is delayed, impacting growth plans.
Why it matters: Earnings results will show growth and how well the company is doing.
Watch forEarnings report shows Adjusted EBITDA in the upper half of the $8.05 billion to $8.35 billion range.
Also watch forThe earnings report shows Adjusted EBITDA is less than $8.05 billion.
Why it matters: Dividend growth shows financial health and commitment to shareholders. It shows confidence in future earnings.
Supportive ifA dividend increase above 5% for 2027 is announced.
Worry ifNo increase in dividend or a cut to the dividend.
Why it matters: More investment in power projects can help future revenue and market share.
Supportive ifNew power projects will have total investment over $500 million.
Worry ifNo new projects announced or big delays in current projects.