Williams Companies (WMB) revenue breakdown
By segment, Transmission, Power & Gulf is the largest at 43% of fiscal 2025 revenue; Northeast G & P grew fastest, 9% a year over 9 years.
By product, Service is the largest at 70% of fiscal 2025 revenue, growing 5% a year over 9 years.
Revenue by segment
Fiscal years, as Williams Companies reports them in its 10-K filings; fiscal 2025 total $12.6B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Transmission, Power & Gulf | — | — | $3.4B | $3.6B | $3.5B | $3.8B | $4.0B | $4.2B | $4.6B | $5.4B | 43% |
| West | $3.7B | $4.3B | $4.4B | $3.3B | $1.5B | $2.0B | $2.6B | $2.1B | $2.7B | $2.8B | 23% |
| Gas & NGL Marketing Services | — | — | — | — | $1.6B | $4.2B | $3.2B | $2.9B | $1.8B | $2.2B | 17% |
| Northeast G & P | $1.0B | $1.2B | $1.3B | $1.5B | $1.5B | $1.6B | $1.8B | $2.0B | $2.0B | $2.2B | 17% |
| Atlantic Gulf | $2.4B | $2.7B | — | — | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Williams Companies reports them in its 10-K filings; fiscal 2025 total $11.9B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Service | $5.2B | $5.3B | $5.5B | $5.9B | $5.9B | $6.0B | $6.5B | $7.0B | $7.6B | $8.3B | 70% |
| Product | $2.3B | $2.7B | $2.8B | $2.1B | $1.7B | $4.5B | $4.6B | $2.8B | $3.0B | $3.3B | 28% |
| NonRegulated Service Commodity Consideration | — | — | $400M | $203M | $129M | $238M | $260M | $146M | $134M | $192M | 2% |
| Energy Commodities and Service | — | — | — | $2M | -$5M | -$148M | -$387M | $956M | -$250M | $120M | 1% |
Revenue by region
Fiscal years, as Williams Companies reports them in its 10-K filings; fiscal 2018 total $9.1B.
| Regions | 2016 | 2017 | 2018 | Share |
|---|---|---|---|---|
| West Midstream | — | — | $4.4B | 48% |
| Transco | — | — | $2.0B | 23% |
| Northeast Midstream | — | — | $1.3B | 14% |
| Atlantic Gulf Midstream | — | — | $924M | 10% |
| Northwest Pipeline | — | — | $443M | 5% |
| Other Geographical | — | — | $2M | 0% |
| United States | $7.4B | $8.0B | — | — |
| Canada | $74M | $1M | — | — |
| Intercompany Eliminations | — | — | -$476M | -5% |
Questions
Where does Williams Companies make its money?
In fiscal 2025, by segment: Transmission, Power & Gulf $5.4B, West $2.8B, Gas & NGL Marketing Services $2.2B, Northeast G & P $2.2B.
From Williams Companies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.