Williams Companies, INC. Stock: price and directors' dealings · United States · SEC (Form 4)

About Williams Companies, INC.

Williams Companies, Inc. (NYSE: WMB) is a leading U.S. energy infrastructure company headquartered at One Williams Center in Tulsa, Oklahoma, United States. Founded in 1908, the company was originally incorporated in Nevada in 1949 and later reincorporated in Delaware in 1987. For international investors, Williams is best understood as a midstream / utility-like business rather than a pure commodity play: its economics are driven primarily by pipeline throughput, contracted volumes, storage utilization, and fee-based infrastructure services tied to the natural gas value chain. ([sec.gov](https://www.sec.gov/Archives/edgar/data/107263/000119312526112664/wmb_2025_ars.pdf)) Williams’ core platform spans natural gas gathering and processing, interstate transmission, storage, NGL fractionation, NGL transportation and storage, and gas/NGL marketing services. In its 2025 annual report, the company states that it operates in 11 supply areas and serves roughly 800 customers. Its asset base is substantial: an interest in and operation of more than 32,000 miles of pipelines across 24 states and the Gulf of America, 35 natural gas processing facilities, 9 NGL fractionation facilities, about 23 million barrels of NGL storage capacity, and 423 Bcf of natural gas storage capacity. That scale makes Williams one of the most important midstream operators in the U.S. natural gas ecosystem. ([sec.gov](https://www.sec.gov/Archives/edgar/data/107263/000119312526112664/wmb_2025_ars.pdf)) Competitively, the company benefits from high barriers to entry, long-lived regulated and contracted assets, and strategic connectivity across major production basins and demand centers. Its portfolio includes key systems such as Transco and Northwest Pipeline, which support interstate transport and storage for a broad mix of customers including local distribution companies, utilities, municipalities, industrial users, power generators, producers, and marketers. Williams also emphasizes that much of its storage business is under long-term firm reservation contracts with high-credit-quality counterparties, which supports revenue visibility and a more resilient earnings profile than many upstream energy peers. ([sec.gov](https://www.sec.gov/Archives/edgar/data/107263/000119312526112664/wmb_2025_ars.pdf)) Recent developments have reinforced the company’s gas-focused strategy. Williams completed the Gulf Coast Storage acquisition in January 2024 and the Discovery acquisition in August 2024 to expand its Gulf Coast gathering, processing, transportation, and storage presence. More recently, on May 4, 2026, the company announced record first-quarter 2026 results and highlighted continued momentum in its natural gas-focused strategy. On April 28, 2026, the board approved a quarterly dividend of $0.525 per share, or $2.10 annualized. These updates underscore Williams’ positioning as a large-cap NYSE-listed infrastructure company in the United States with a strong emphasis on contracted cash flow and long-term energy transportation demand. ([sec.gov](https://www.sec.gov/Archives/edgar/data/107263/000119312526112664/wmb_2025_ars.pdf))