InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$71.28

2026-10-16

Market Cap

$87.2B

Volume

10.3M

52-Wk High

$80.08

52-Wk Low

$56.19

Trailing PE

28.3

P/S

7.14

Gross Margin

73.6%

Net Margin

25.2%

ROE

24%

ROIC

7%

Piotroski

6/9

Altman Z

1.3

1-Yr Return

+14.9%

5-Yr Return

+334.4%

The Williams Companies, Inc., alongside its subsidiaries, operates as a prominent energy infrastructure entity, primarily conducting business throughout the United States. The companyâs operations are organized into four key segments: Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services. The Transmission & Gulf of Mexico division manages crucial natural gas pipelines such as Transco and Northwest, in addition to natural gas gathering and processing, and crude oil production handling and transportation assets situated in the Gulf Coast. This segment also oversees various petrochemical and feedstock pipelines. Focusing on midstream activities, the Northeast G&P segment handles gathering, processing, and fractionation within the Marcellus Shale region, predominantly in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment delivers gas gathering, processing, and treating services across the Rocky Mountain areas of Colorado and Wyoming, the Barnett Shale in north-central Texas, the Eagle Ford Shale in South Texas, the Haynesville Shale in northwest Louisiana, and the expansive Mid-Continent region (including the Anadarko, Arkoma, and Permian basins). This segment also operates natural gas liquid (NGL) fractionation and storage facilities located near Conway in central Kansas. The Gas & NGL Marketing Services segment provides comprehensive wholesale marketing, trading, storage, and transportation of natural gas to utilities, municipalities, power generators, and producers, while also offering risk and asset management and NGL marketing services. The company possesses and operates an extensive network, including 30,000 miles of pipelines, 29 processing facilities, 7 fractionation facilities, and an approximate NGL storage capacity of 23 million barrels. The Williams Companies, Inc. was established in 1908 and maintains its headquarters in Tulsa, Oklahoma.

SectorEnergyIndustryOil & Gas MidstreamExchangeNYSEMarket Cap$87.2BEmployees5,987 (SEC-filed)CEOChad J. ZamarinIPO1981-12-31CountryUS

One Williams Center, Tulsa, OK 74172 · Tel 800-945-5426 · williams.com

INSIDERSTREET SCORE45 / 100Street mean $91.43 (7 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$9M sold / 6 mo, zero open-market buys

1 Year vs S&P 500 · WMB +14.9% · S&P 500 +15.9% · spread -0.9pp

7 Years vs S&P 500 · WMB +334.4% · S&P 500 +189.9% · spread +144.5pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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INSIDERSTREET
SCORE45of 100

Score Breakdown

Profitability	84/100
Growth	65/100
Momentum	90/100
Quality	73/100
Earnings Quality	74/100
Balance Sheet	22/100
Value	43/100
Risk (safety)	30/100
Overall	45.2/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
EPD	53
KMI	58
ET	50
TRGP	57
LNG	62
OKE	49
WMB	45

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 59 in 23 Q4, latest 45 — -14 since. Dropped below the 55 line in 24 Q1, at 49. Fell in 1 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY45 / 100IS Score 45.2 / 100 · -13.6 from peak of 59

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTURENEUTRALTechnical Score 53 / 100 · Power +6 · 10 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

These two disagree — business quality 45, price structure 53 out of 100, so the price reads better than the business does. We publish the disagreement rather than resolving it: they answer different questions, and the gap between them is information, not an error.

Trigger	Where it stands now	What it would mean
IS Score reaches 55 and holds two consecutive quarters	now 45.2	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 38 → 45 → 46 → 45	the direction matters more than the level
Technical vote share back above 50%	now 73%	price structure no longer broken
Institutional holder count rises two quarters running	peak 1,838 → now 1,838	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score3 of 4top 4% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)6 buys2026-08-20

Insider Buys (180d)0none disclosed

ETF Funds (30d)1101 up / 839 downnet +262 funds

Institutions Added (13F)15managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 1,838 · latest 1,838 (+0 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	1,838	1105.6M	$79.9B	90.3%
2026 Q1	1,823	1052.0M	$74.4B	86.0%
2025 Q4	1,706	1067.0M	$62.1B	87.2%
2025 Q3	1,614	1045.7M	$64.5B	85.4%
2025 Q2	1,637	1068.0M	$65.2B	87.2%
2025 Q1	1,574	1067.6M	$62.0B	87.2%
2024 Q4	1,524	1052.3M	$55.5B	86.0%
2024 Q3	1,347	1062.0M	$47.4B	86.8%
2024 Q2	1,315	1063.2M	$44.5B	86.9%
2024 Q1	1,254	1062.9M	$40.6B	86.8%
2023 Q4	1,238	1052.3M	$38.2B	86.0%
2023 Q3	1,150	1059.5M	$35.0B	86.6%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Wilson Terrance Lane	SVP & General Counsel	2026-10-01	SELL	2,000	$0.14M	262,259
Wilson Terrance Lane	SVP & General Counsel	2026-09-01	SELL	2,000	$0.15M	264,259
Wilson Terrance Lane	SVP & General Counsel	2026-08-14	SELL	2,800	$0.21M	278,359
Wilson Terrance Lane	SVP & General Counsel	2026-08-14	SELL	10,200	$0.76M	268,159
Wilson Terrance Lane	SVP & General Counsel	2026-08-14	GIFT	1,900	—	266,259
Wilson Terrance Lane	SVP & General Counsel	2026-08-14	GIFT	100	—	0
Wingo Robert R.	Executive Vice President	2026-08-06	TAX W/H	8,226	$0.59M	48,343
Turner Robb E	director	2026-08-05	A-Award	2,785	$0.20M	8,785

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	17	113,869	$8.5M	Counted
M — Exercises (paired A/D)	3	4,399	$0.1M	None — mechanics
F — Tax withholding	3	10,866	$0.8M	None — compensation
G — Gifts	3	18,400	—	None
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$8.5M17 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-10-01	Wilson Terrance Lane	2,000	$0.1M
2026-09-01	Wilson Terrance Lane	2,000	$0.2M
2026-08-14	Wilson Terrance Lane	13,000	$1.0M
2026-08-05	The Williams Companies Fndn, Inc	145,000	$10.4M
Trailing 12 mo	21 filings	460,607	$31M

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Filed	Form	Reporting person	% of class	Shares
2026-04-30	SCHEDULE 13G	Vanguard Capital Management	7.54%	92.2M sh
2026-03-27	SCHEDULE 13G/A	The Vanguard Group	—	exit/reporting change
2025-11-10	SCHEDULE 13G	STATE STREET CORPORATION	5.50%	66.7M sh
2025-04-24	SCHEDULE 13G/A	BlackRock, Inc.	8.30%	100.7M sh

Member	Chamber	Trade	Size band	Traded	Disclosed
Gilbert Cisneros	House	BUY	$1,001 - $15,000	2026-02-10	2026-03-10
Gilbert Ray Cisneros	House	BUY	$1,001 - $15,000	2026-02-10	2026-03-10
Gilbert Cisneros	House	SELL	$1,001 - $15,000	2026-01-09	2026-02-13
Alan Armstrong	Senate	BUY	$15,001 - $50,000	2026-08-20	2026-09-17
Alan Armstrong	Senate	BUY	$15,001 - $50,000	2026-08-20	2026-09-17
Alan Armstrong	Senate	BUY	$15,001 - $50,000	2026-08-20	2026-09-16

House 12-Mo4 trades2 purchases

Senate 12-Mo6 trades6 purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)1,823

13F Shares1.05B86.0% of shares out

New / Closed243 / 100positions, QoQ

Increased / Reduced675 / 655positions, QoQ

Put/Call (13F)0.91option positions

Free Float99.4%1.22B sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Chickasaw Capital Management Llc	3.6M	$242M
Congress Asset Management Co	1.7M	$114M
Assenagon Asset Management S.A.	1.4M	$96M
Vontobel Holding Ltd.	1.1M	$77M
Ninety One Uk Ltd	1.0M	$69M
Fisher Funds Management Ltd	800,657	$54M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.1%	$2.6B
VTSAX	0.1%	$2.6B
VSMPX	0.1%	$2.6B
VTI	0.1%	$2.6B
VFFSX	0.1%	$2.2B
VFINX	0.1%	$2.2B

13F Filers Holding WMB — quarterly

Institutional Put/Call — quarterly

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session43.4%2026-10-15

20-Day Avg42.3%50-day 44.0%

TrendFalling20d vs 50d

By Market CenterQ: 44% · N: 41% · B: 22%latest session

Weekly Notional ($B)

Where WMB Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Incr Intelligent Cross Llc	7.1M	65 sh
Ubsa Ubs Ats	6.3M	68 sh
Ebxl Level Ats	4.0M	34 sh
Mstx Ms Trajectory Cross (Ats-1)	3.9M	85 sh
Sgmt Sigma X2	3.5M	67 sh
Pure Purestream	3.3M	40 sh

Where a dollar of The Williams Companies, Inc. revenue goes. All values FY2025 filings, live.

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WMB (live moat model)Peer median: EPD · KMI · ET · TRGP · LNG

Component scores from the live moat model. Peer median illustrative.

Moat score 61/100 — Narrow; primary source Intangible Assets.

3.8 · Employees (SEC filings)

Officer	Title
Chad J. Zamarin	Chief Executive Officer, President & Director
Robert R. Wingo	Executive Vice President of Corporate Strategic Development
John D. Porter	Executive VP & CFO
Larry C. Larsen	Executive Vice President and Chief Operating Officer

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Quarterly EPS — Actual vs. Consensus

Beats (>2%)2 of 6recent quarters

Avg Surprise+1.2%

Next Report2026-11-02

Income Quality1.87OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

Profit Margins (%)

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+37.7%	+3.2%	-0.5%	-3.7%	+13.8%
Gross profit	+8.4%	+15.7%	+23.7%	-9.3%	-16.9%
Operating income	+19.5%	+14.7%	+42.8%	-22.5%	+31.8%
Net income	+619.0%	+35.1%	+55.1%	-30.0%	+17.7%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	10.6	11.0	10.9	10.5	12.0
Cost of revenue	5.9	5.5	4.1	4.3	6.8
Gross profit	4.8	5.5	6.8	6.2	5.1
R&D expense	0.0	0.0	0.0	0.0	0.0
SG&A expense	0.6	0.6	0.7	0.7	0.7
Operating income	2.6	3.0	4.3	3.3	4.4
EBITDA	5.1	5.7	7.7	6.6	7.4
D&A	1.8	2.0	2.1	2.2	2.3
Pretax income	2.1	2.5	4.4	3.0	3.6
Income tax	0.5	0.4	1.0	0.6	0.9
Net income	1.5	2.0	3.2	2.2	2.6
Diluted EPS ($)	1.24	1.67	2.60	1.82	2.14
Diluted shares (M)	1,218	1,223	1,223	1,223	1,221

Operating CF$6B

CapEx$5B

Free cash flow$1B

SBC$0B

Buybacks$0B

Net cash change$0B

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	0.2	2.2	0.1	0.1
ST investments	0.0	0.0	0.0	0.0
Receivables (net)	2.7	1.7	1.9	2.1
Total current assets	3.8	4.5	2.7	3.2
PP&E (net)	30.9	34.3	38.7	42.0
Goodwill + intangibles	7.4	7.6	7.2	6.8
Total assets	48.4	52.6	54.5	58.6
Accounts payable	2.3	1.4	1.6	2.2
Short-term debt	1.0	3.1	2.2	2.0
Deferred revenue	0.1	0.2	0.2	0.0
Total current liabilities	4.9	5.8	5.3	6.1
Long-term debt	21.9	23.4	24.7	27.3
Total liabilities	34.4	37.7	39.7	43.6
Shareholders' equity	14.0	14.9	14.8	15.0

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	2.1	3.3	2.3	2.6
D&A	2.0	2.1	2.2	2.3
Stock-based compensation	0.1	0.1	0.1	0.0
Working capital change	(0.4)	0.1	(0.5)	(0.2)
Operating cash flow	4.9	5.9	5.0	5.9
Capital expenditures	(2.3)	(2.6)	(2.6)	(4.9)
Investing cash flow	(3.4)	(3.9)	(4.9)	(5.5)
Buybacks	(0.0)	(0.1)	0.0	0.0
Dividends paid	(2.1)	(2.2)	(2.3)	(2.4)
Debt issuance / (repay)	(0.8)	2.5	0.4	2.3
Financing cash flow	(3.0)	(0.0)	(2.2)	(0.4)
Free cash flow	2.6	3.4	2.4	1.0

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Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	13.1%	17.9%	26.6%	17.9%	20.7%	24%
ROA	3.3%	4.3%	6.3%	4.2%	4.6%	5.1%
ROIC	5.9%	7.3%	9.1%	6.6%	8.0%	6.6%
Gross margin	44.7%	50.2%	62.4%	58.7%	42.9%	73.6%
Operating margin	24.8%	27.5%	39.5%	31.8%	36.8%	40.3%
Net margin	14.3%	18.7%	29.1%	21.2%	21.9%	25.2%
EBITDA margin	47.9%	52.0%	70.7%	62.5%	62.0%	63.0%
FCF margin	25.4%	23.8%	30.9%	22.6%	7.5%	—
VALUATION
P/E	17.41	17.21	12.39	28.79	28.06	28.3
P/B	2.31	3.07	3.18	5.15	5.74	6.6
P/S	2.49	3.22	3.61	6.10	6.15	7.14
P/FCF	9.79	13.53	11.69	27.04	81.71	-407.4
EV/EBITDA	9.50	10.18	8.26	13.86	13.86	15.3
EV/Revenue	4.56	5.29	5.84	8.67	8.61	9.7
Earnings yield	5.7%	5.8%	8.1%	3.5%	3.6%	3.52%
FCF yield	10.2%	7.4%	8.6%	3.7%	1.2%	-0.25%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	0.91	0.78	0.77	0.50	0.53	0.48
Quick ratio	0.84	0.71	0.73	0.45	0.48	0.43
Debt / equity	2.07	1.99	2.13	2.18	2.29	2.33
Debt / assets	49.7%	47.3%	50.3%	49.7%	50.1%	50.8%
Net debt / EBITDA	4.32	3.99	3.15	4.11	3.95	3.98
Interest coverage	2.76	3.22	4.56	3.19	3.51	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.23	0.23	0.22	0.20	0.21	0.20
Receivables turnover	7.14	5.85	7.12	6.66	6.05	6.2
DSO (days)	51	62	51	55	60	59
DPO (days)	69	136	165	126	137	251
Cash conversion cycle	-2	-50	-87	-48	-55	-155
GROWTH (YoY)
Revenue growth	37.7%	3.2%	-0.5%	-3.7%	13.7%	—
Net income growth	619.0%	35.1%	55.1%	-30.0%	17.7%	—
EPS growth	618.5%	34.4%	55.3%	-30.1%	17.9%	—
FCF growth	21.5%	-3.4%	29.4%	-29.7%	-62.1%	—
PER SHARE ($)
EPS (diluted, TTM)	1.25	1.67	2.60	1.82	2.14	2.51
Book value / share	9.38	9.39	10.14	10.16	10.48	12.56
Revenue / share	8.73	8.96	8.92	8.58	9.77	9.97
FCF / share	2.22	2.13	2.76	1.93	0.74	-0.17
Cash / share	1.38	0.12	1.76	0.05	0.05	0.17
SHAREHOLDER RETURN & SCORES
Buyback yield	0.0%	0.0%	0.3%	0.0%	0.0%	—
Altman Z-Score	0.52	0.68	0.83	1.05	1.15	1.3
Piotroski F-Score	7	7	6	4	7	6/9
Beneish M-Score	-1.88	-2.48	-3.19	-2.55	-2.50	-3.37

Model	Score	Zone	Note
Piotroski F-Score	6 / 9	Middling
Altman Z-Score	1.3	Distress (<1.81)	Distress
Income quality	1.87	Cash-backed	OCF ÷ net income
Beneish M-Score	-3.37	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.73
Interest burden	0.79
Operating margin	43.9%
Asset turnover	0.21×
Financial leverage	4.56×
= ROE	24%

Growth Quality (live)	Value
Revenue stability	0.72
Earnings stability	0.76
Earnings persistence	0.89
Revenue CAGR 3y	2.0%
EPS CAGR 3y	4.9%
FCF CAGR 3y	—

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Buyback Yield0.00%

Dividend Yield2.91%

Total Shareholder Return2.74%cash yield

SBC / Revenue-0.1%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
EPD	$79.5B	12.8	21%	10.1%	+6.8%	7/9	+29.6%
KMI	$76.2B	21.9	11%	19.4%	+12.7%	7/9	+27.1%
ET	$69.7B	12.6	17%	6.1%	+29.7%	8/9	+23.9%
TRGP	$63.2B	28.0	73%	17.2%	-2.2%	8/9	+102.8%
LNG	$59.8B	21.4	45%	53.5%	+22.4%	7/9	—
OKE	$58.8B	16.1	16%	8.0%	+40.8%	7/9	—
ENBA	$41.8B	9.8	17%	8.4%	+20.3%	7/9	—
MPLXP	$33.4B	18.4	34%	31.9%	+10.5%	7/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

34 Analysts

Str Sell (0)Sell (0)Hold (7)Buy (27)Str Buy (0)

Mean Target (qtr)$91.437 targets

Target vs. Price+28.3%last-quarter mean

Next Report2026-11-02street $0.54

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$12.43B	$13.08B / $11.56B	$2.46	$2.68 / $2.21	11
FY2027	$14.36B	$16.51B / $12.96B	$2.63	$3.07 / $2.03	12
FY2028	$16.58B	$17.85B / $15.84B	$3.06	$3.79 / $2.62	11

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$86.33	+21.1%	3
Last Quarter	$91.43	+28.3%	7
Last Year	$83.14	+16.6%	35
All Time	$62.36	-12.5%	81

Rolling mean of published targets vs. last close $71.28. Aggregated from StreetInsider, Benzinga, Pulse 2.0.

Third-Party Composite Rating

B

DCF

3/5

ROE

5/5

ROA

5/5

Debt/Eq

1/5

P/E

1/5

P/B

1/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

WMB +14.9% vs S&P 500 +15.9% — spread -0.9pp

Sector — XLE +60.0%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$71.03	+0.25	+0.35%	Above
SMA 50	$72.20	-0.92	-1.27%	Below
SMA 200	$71.75	-0.47	-0.66%	Below
EMA 9	$71.74	-0.46	-0.64%	Below
EMA 21	$71.65	-0.37	-0.52%	Below
EMA 50	$72.01	-0.73	-1.01%	Below
EMA 200	$70.34	+0.94	+1.34%	Above

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTNEUTRALPower Score +610 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%44

Momentum 25%40

Volume 20%62

Volatility 10%100

Patterns 15%50

This Week73% bullishof 11 price-based votes

4 Weeks Ago18%+55 pts since

12 Weeks Ago91%-18 pts since

ReadImprovingweek-over-week trajectory

Price vs SMA 20$71.03

Price vs SMA 50$72.20

Price vs SMA 200$71.75

EMA 9/21 Cross71.7/71.7

SMA 50/200Golden

ADX DirectionADX 18

Supertrend$69

Parabolic SAR$75

SMA Slope-0.040

RSI48.6

Stochastic K/D51/69

StochRSI K/D52/70

Williams %R-46

CCI-16

TSI vs Signal-0.0

CMO-2.8

ROC1.05%

OBV SignalAccum

Chaikin MF0.050

MFI60

Force Index-3M

Elder Ray Bull-0.18

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 69

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$70.20 / $71.91 / $74.59	S1 / S2	$67.52 / $65.81
Bollinger (20,2)	$67.51 – $74.55	Squeeze	Off
52-wk range	$55.73 – $80.08	Off 52-wk high	-11.0%
ATR (14)	$1.99 (2.8%)	Historical vol	29.4%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+0.3%Jan55%

-0.0%Feb55%

+1.8%Mar76%

+6.5%Apr85%

+2.0%May60%

+2.0%Jun60%

+1.9%Jul75%

-0.8%Aug45%

-0.9%Sep55%

+2.5%Oct60%

+1.9%Nov55%

-1.2%Dec50%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	WMB	S&P 500
Weekly volatility (σ, 1y)	3.57%	1.83%
Best / worst week (1y)	+8.0% / -11.4%	—
Max drawdown (5y, monthly)	-51.5%	—
1-week VaR (95%)	-5.8%	—
Beta (5y)	0.62	1.00

WMB EQUITY WEATHER (LIVE)CLOUDY · +1

Trend+5

Momentum+3

Volume+47

Volatility-60

Breadth-12

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 242 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall+1.3+14.1 vs industry

Trend+5.0+15.7 vs industry

Momentum+2.7-1.7 vs industry

Volume+46.6+80.0 vs industry

Reading	WMB	Oil & Gas Midstream n=141	Energy n=2,022	All US symbols n=70,435
Overall	+1.3	-12.8	-13.8	-20.5
Trend	+5.0	-10.7	-8.3	-21.3
Momentum	+2.7	+4.4	-8.5	-15.8
Volume	+46.6	-33.4	-25.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Alan S. Armstrong Executive Board Chair and	$17.9M	88% equity+incentive
Chad J. Zamarin President and Chief Executiv	$8.7M	86% equity+incentive
Robert R. Wingo EVP Corporate Strategic Deve	$6.1M	75% equity+incentive
Micheal G. Dunn Former EVP and Chief Operati	$5.4M	85% equity+incentive
John D. Porter EVP and Chief Financial Offic	$4.8M	80% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	54
Social	57
Governance	62
Composite ESG	58

Composite ESG Trend

Filed	8-K contents	Items
2026-09-10	Regulation FD; Other Events; Exhibits	7.01,8.01,9.01
2026-09-10	Material Agreement; Exhibits	1.01,9.01
2026-09-03	Other Events; Exhibits	8.01,9.01
2026-08-21	Officer/Director Change; Exhibits	5.02,9.01
2026-08-03	Earnings Release; Exhibits	2.02,9.01
2026-07-13	Regulation FD; Exhibits	7.01,9.01
2026-07-01	Officer/Director Change; Regulation FD; Exhibits	5.02,7.01,9.01
2026-05-04	Officer/Director Change; Shareholder Vote; Regulation FD; Exhibits	5.02,5.07,7.01,9.01

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-11-02 to 2026-08-03
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	115 rows · 1997 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-06-25 to 2026-10-01
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2025-04-24 to 2026-04-30
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

The Williams Companies, Inc. (WMB)

The Williams Companies, Inc. (WMB)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

The Williams Companies, Inc. (WMB)

Institutions holding — 12 quarters

The Williams Companies, Inc. (WMB)

Monthly Net Insider Flow (000 shares)

Signal Summary

The Williams Companies, Inc. (WMB)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding WMB — quarterly

Institutional Put/Call — quarterly

The Williams Companies, Inc. (WMB)

Where WMB Trades in the Dark

The Williams Companies, Inc. (WMB)

3.8 · Employees (SEC filings)

The Williams Companies, Inc. (WMB)

The Williams Companies, Inc. (WMB)

The Williams Companies, Inc. (WMB)

Balance Sheet — Full

Cash Flow Statement — Full

The Williams Companies, Inc. (WMB)

The Williams Companies, Inc. (WMB)

The Williams Companies, Inc. (WMB)

The Williams Companies, Inc. (WMB)

Street Price Target — Trajectory

Third-Party Composite Rating

The Williams Companies, Inc. (WMB)

The Williams Companies, Inc. (WMB)

Family Scores (site weights)

The Williams Companies, Inc. (WMB)

The Williams Companies, Inc. (WMB)

The Williams Companies, Inc. (WMB)