Williams Companies (WMB)
NYSEEnergyOil & Gas MidstreamSnapshot 2026-11-04
$67.86-6.36%
Close 2026-11-04 · 1-day change
NYSEEnergyOil & Gas MidstreamSnapshot 2026-11-04
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 | 46.0% |
| Our one-year growth estimate | diamond | 13.6% |
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.
No outside relationship met the current evidence threshold.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
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 32.4 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 6 industry peers · Company calendar date is not available
WMB — earnings miss
Dated 2026-11-02
Results of Operations and Financial Condition On November 2, 2026, The Williams Companies, Inc. (the "Company") issued a press release announcing its financial results for the quarter ended September 30, 2026. A copy of the press release and accompanying financial highlights and operating statistics and reconciliation schedules are furnished herewith as Exhibit 99.1 and are incorporated herein in their entirety by reference. The press release and accompanying financial highlights and operatin…
Why it matters: Williams issued $2.75 billion of notes, with rates from 5.0% to 6.4%. Higher interest costs could weigh on cash flow.
Worry ifIn the next results, net interest expense rises year over year and operating cash flow falls year over year.
Less concerning ifNet interest expense stays flat or falls year over year, while operating cash flow stays level or grows.
Why it matters: Coverage was 2.26x in Q2, and management lists dividend growth as a priority. A drop below 2.0x would weaken that support.
Watch forQuarterly AFFO covers the dividend by more than 2.0x. The company keeps its $2.10 annualized 2026 dividend.
Also watch forQuarterly AFFO covers the dividend by less than 2.0x. Or, the company cuts its $2.10 annualized dividend.
Why it matters: The deal adds a Haynesville position tied to LNG and power demand. Its results can show whether this new asset adds to earnings.
Supportive ifWilliams says the deal closed. Momentum adds to adjusted EBITDA, with take-or-pay contracts in place.
Worry ifWilliams says the deal has not closed, or Momentum adds no adjusted EBITDA after closing.
Why it matters: Socrates is Williams' first Power Innovation project. On-time completion would show that the company can deliver this new type of project.
Supportive ifWilliams reports that Socrates phase two is complete by the end of Q4 2026.
Worry ifWilliams reports a delay beyond Q4 2026, or says the project is over budget.
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.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$122 on $10,000 · ±1.2% | How much price usually moves either way. |
| Bad day | $248 loss on $10,000 · 2.5% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,453 loss on $10,000 · 14.5% | 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.