The Williams Companies, Inc. bonds WMB
Who owns The Williams Companies, Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. WMB stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 893570BM2 | 7.25% fixed | 2026-12-01 | USD | 101.12 | 4.51% | 79 bp | 4 | $13.3M | Jun 2026 |
| 96949LAD7 | 3.75% fixed | 2027-06-15 | USD | 99.44 | 4.40% | 40 bp | 16 | $85.7M | Jul 2026 |
| 893574AK9 | 4% fixed | 2028-03-15 | USD | 99.04 | 4.62% | 46 bp | 8 | $31.1M | Jul 2026 |
| 969457CK4 | 5.3% fixed | 2028-08-15 | USD | 101.11 | 4.72% | 50 bp | 21 | $125.8M | Jul 2026 |
| 88339WAB2 | 4.9% fixed | 2029-03-15 | USD | 100.22 | 4.81% | 56 bp | 20 | $125.9M | Jul 2026 |
| 969457CL2 | 4.8% fixed | 2029-11-15 | USD | 99.91 | 4.83% | 56 bp | 21 | $39.9M | Jul 2026 |
| 893574AP8 | 3.25% fixed | 2030-05-15 | USD | 94.25 | 4.93% | 64 bp | 13 | $23.7M | Jul 2026 |
| 969457CR9 | 4.625% fixed | 2030-06-30 | USD | 98.66 | 5.00% | 71 bp | 16 | $23.1M | Jul 2026 |
| 969457BX7 | 3.5% fixed | 2030-11-15 | USD | 94.15 | 5.03% | 73 bp | 10 | $26.3M | Jul 2026 |
| 969457BB5 | 7.5% fixed | 2031-01-15 | USD | 110.21 | 4.92% | 61 bp | 10 | $17.2M | Jul 2026 |
| 969457BY5 | 2.6% fixed | 2031-03-15 | USD | 89.69 | 5.13% | 82 bp | 22 | $14.6M | Jul 2026 |
| 969457BD1 | 7.75% fixed | 2031-06-15 | USD | 111.26 | 5.11% | 78 bp | 4 | $18.6M | Jul 2026 |
| 969457BM1 | 8.75% fixed | 2032-03-15 | USD | 116.85 | 5.25% | 88 bp | 7 | $4.5M | Jul 2026 |
| 969457BZ2 | 4.65% fixed | 2032-08-15 | USD | 97.29 | 5.18% | 78 bp | 9 | $28.5M | Jul 2026 |
| 969457CJ7 | 5.65% fixed | 2033-03-15 | USD | 101.47 | 5.38% | 95 bp | 22 | $46.9M | Jul 2026 |
| 88339WAC0 | 5.15% fixed | 2034-03-15 | USD | 98.12 | 5.45% | 96 bp | 21 | $60.5M | Jul 2026 |
| 969457CP3 | 5.6% fixed | 2035-03-15 | USD | 100.14 | 5.58% | 104 bp | 18 | $50.6M | Jul 2026 |
| 969457CS7 | 5.3% fixed | 2035-09-30 | USD | 97.67 | 5.63% | 107 bp | 9 | $7.0M | Jul 2026 |
| 893574AU7 | 5.1% fixed | 2036-03-15 | USD | 96.84 | 5.53% | 94 bp | 24 | $76.0M | Jul 2026 |
| 969457CV0 | 5.15% fixed | 2036-03-15 | USD | 96.16 | 5.67% | 109 bp | 17 | $43.7M | Jul 2026 |
| 96950FAF1 | 6.3% fixed | 2040-04-15 | USD | 103.13 | 5.96% | 117 bp | 14 | $38.0M | Jul 2026 |
| 893574AB9 | 5.4% fixed | 2041-08-15 | USD | 94.61 | 5.95% | 109 bp | 2 | $599K | Jul 2026 |
| 893574AF0 | 4.45% fixed | 2042-08-01 | USD | 83.66 | 6.06% | 115 bp | 4 | $901K | Jul 2026 |
| 96950FAK0 | 5.8% fixed | 2043-11-15 | USD | 95.41 | 6.24% | 126 bp | 8 | $2.2M | Jul 2026 |
| 96950FAN4 | 5.4% fixed | 2044-03-04 | USD | 91.07 | 6.24% | 126 bp | 10 | $8.5M | Jul 2026 |
| 969457BV1 | 5.75% fixed | 2044-06-24 | USD | 95.43 | 6.17% | 117 bp | 10 | $6.3M | Jul 2026 |
| 96950FAP9 | 4.9% fixed | 2045-01-15 | USD | 85.06 | 6.28% | 125 bp | 6 | $9.0M | Jul 2026 |
| 96949LAC9 | 5.1% fixed | 2045-09-15 | USD | 87.13 | 6.26% | 120 bp | 11 | $3.5M | Jul 2026 |
| 96949LAE5 | 4.85% fixed | 2048-03-01 | USD | 83.05 | 6.30% | 119 bp | 11 | $5.8M | Jul 2026 |
| 893574AM5 | 4.6% fixed | 2048-03-15 | USD | 80.89 | 6.22% | 111 bp | 11 | $19.6M | Jul 2026 |
| 893574AR4 | 3.95% fixed | 2050-05-15 | USD | 73.10 | 6.11% | 100 bp | 5 | $1.3M | Jul 2026 |
| 88339WAA4 | 3.5% fixed | 2051-10-15 | USD | 65.81 | 6.20% | 109 bp | 8 | $2.6M | Jul 2026 |
| 969457CA6 | 5.3% fixed | 2052-08-15 | USD | 86.65 | 6.36% | 125 bp | 7 | $8.5M | Jul 2026 |
| 969457CN8 | 5.8% fixed | 2054-11-15 | USD | 92.87 | 6.35% | 124 bp | 8 | $1.7M | Jul 2026 |
| 969457CQ1 | 6% fixed | 2055-03-15 | USD | 95.41 | 6.35% | 125 bp | 7 | $1.1M | Jul 2026 |
| 893574AV5 | 5.75% fixed | 2056-03-15 | USD | 93.49 | 6.23% | 113 bp | 10 | $16.1M | Jul 2026 |
| 969457CW8 | 5.95% fixed | 2056-03-15 | USD | 94.20 | 6.39% | 129 bp | 8 | $2.8M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $5.1M | 102.79 | 6.00% | 112 bp | 1 |
| Jul 2026 | 36 | $978.3M | 95.42 | 5.67% | 107 bp | 24 |
| Jun 2026 | 37 | $2.39B | 98.99 | 5.37% | 88 bp | 48 |
| May 2026 | 37 | $1.78B | 99.05 | 5.30% | 81 bp | 34 |
| Apr 2026 | 36 | $1.05B | 98.30 | 5.32% | 103 bp | 25 |
| Mar 2026 | 37 | $2.39B | 98.53 | 5.32% | 109 bp | 53 |
| Feb 2026 | 38 | $1.93B | 100.97 | 4.92% | 84 bp | 34 |
| Jan 2026 | 37 | $1.18B | 99.78 | 5.09% | 89 bp | 26 |
| Dec 2025 | 36 | $2.36B | 99.74 | 5.06% | 92 bp | 58 |
| Nov 2025 | 37 | $1.84B | 100.82 | 4.94% | 91 bp | 33 |
| Oct 2025 | 34 | $1.01B | 100.38 | 5.09% | 100 bp | 24 |
| Sep 2025 | 35 | $2.40B | 100.29 | 5.08% | 94 bp | 55 |
| Aug 2025 | 36 | $1.81B | 99.34 | 5.25% | 102 bp | 37 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 111 added, 129 cut, 11 new holders and 47 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $368.1M | $352.4M | -$9.0M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $343.4M | $332.4M | -$2.6M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $267.4M | $268.8M | $30.6M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $225.4M | $225.5M | -$24.1M |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $156.0M | $148.1M | $0 |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $130.0M | $126.7M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $129.0M | $125.6M | -$18.3M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $128.4M | $125.0M | $33.9M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $126.4M | $122.2M | -$620K |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $122.9M | $119.8M | -$1.3M |
| Fidelity Series Investment Grade Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $114.3M | $109.0M | $0 |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $104.4M | $101.3M | $0 |
| AST Multi-Sector Fixed Income Portfolio Advanced Series Trust | 2026-06-30 | $94.4M | $90.8M | -$12.7M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $93.7M | $87.3M | $2.4M |
| Fidelity Investment Grade Bond Central Fund Fidelity Central Investment Portfolios II LLC | 2026-06-30 | $90.6M | $86.6M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $79.5M | $76.2M | -$3.6M |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $71.7M | $72.9M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $69.4M | $70.1M | $6.1M |
| AST PGIM Fixed Income Central Portfolio Advanced Series Trust | 2026-06-30 | $67.7M | $67.2M | -$1.5M |
| Fidelity Total Bond ETF Fidelity Merrimack Street Trust | 2026-05-31 | $69.9M | $66.9M | $125K |
| AST Investment Grade Bond Portfolio Advanced Series Trust | 2026-06-30 | $61.0M | $59.6M | $685K |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $60.4M | $58.3M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $53.7M | $54.9M | -$8.2M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $54.1M | $52.6M | $2.4M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $48.8M | $47.9M | $6.2M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): JPMorgan Core Bond Fund ($46.6M), PGIM Ultra Short Bond ETF ($40.0M), Lord Abbett Income Fund ($15.0M), Invesco BulletShares 2026 Corporate Bond ETF ($11.3M), iShares Flexible Income Active ETF ($10.0M), DFA Commodity Strategy Portfolio ($8.5M), VANGUARD CORE BOND FUND ($8.1M), VANGUARD CORE BOND ETF ($8.0M), VANGUARD STAR CORE-PLUS BOND FUND ($7.2M), Invesco Equity and Income Fund ($7.0M).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 33 | $368.1M | $352.4M | 0.09% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 8 | $267.4M | $268.8M | 0.39% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 16 | $129.0M | $125.6M | 0.42% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 9 | $128.4M | $125.0M | 0.25% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 35 | $126.4M | $122.2M | 0.09% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 8 | $69.4M | $70.1M | 0.13% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 6 | $69.9M | $66.9M | 0.26% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 9 | $53.7M | $54.9M | 0.30% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 36 | $54.1M | $52.6M | 0.30% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 10 | $48.8M | $47.9M | 0.22% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 15 | $48.3M | $45.9M | 0.50% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 8 | $42.6M | $43.1M | 0.37% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 7 | $42.5M | $41.0M | 0.06% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 34 | $31.3M | $29.5M | 0.07% |
| MINT PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 2026-06-30 | 1 | $29.2M | $29.1M | 0.18% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 8.65: safer than 76% of companies (82th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $86.15B |
| Debt barrier (short-term + ½ long-term debt) | $16.73B |
| Equity volatility (1 year) | 25.1% |
| Asset value / asset volatility (solved) | $102.18B / 21.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 107 bp spread prices in about 1.8% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = -0.11 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in WMB's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 270 | $1.29B | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,818 | $77.25B | 32 | $842.7M | 41 | $1.70B | 1 |
| 2026-03-31 | 1,799 | $61.45B | 30 | $359.7M | 34 | $549.1M | 1 |
| 2025-12-31 | 1,686 | $60.15B | 29 | $319.4M | 32 | $340.0M | 1 |
| 2025-09-30 | 1,597 | $63.25B | 28 | $202.9M | 35 | $432.2M | 2 |
| 2025-06-30 | 1,617 | $65.08B | 33 | $432.9M | 39 | $514.8M | 3 |
Officials trading WMB bonds
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.