The Williams Companies (WMB) DCF: History & Chart

The Williams Companies, Inc.(WMB)

Oil & Gas Midstream · Tulsa, OK

$71.95-0.90 (-1.24%)

Delayed quote: Sep 14, 2026, 4:00 PM EDT

About The Williams Companies, Inc.

The Williams Companies, Inc., alongside its subsidiaries, operates as a prominent energy infrastructure entity, primarily conducting business throughout the United States. The company’s 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.

Tulsa, OK

5,987 employees

www.williams.com

Energy / Oil & Gas Midstream

Sector: Energy
Industry: Oil & Gas Midstream
CEO: Chad J. Zamarin

View full financials

The Williams Companies, Inc. (WMB) DCF Valuation

Price is ABOVE the estimated range

$12.52

$47.15

Model scenario range

$71.95

Today's price

TGM's two-stage DCF values The Williams Companies, Inc. (WMB) between $12.52 and $47.15 depending on assumptions, with a base case of $25.84. Growth is taken from the company's own record (5-year revenue CAGR (FCF growth too volatile to use)), fading to 2.5% long-run; the discount rate (7.5%) reflects its beta.

What would today's price require?

Growth the price assumes+22.5%/yr

Actual revenue growth, last 5 years+6.5%/yr

$71.95 is justified only if free cash flow grows about +22.5% a year (fading to 2.5% long-run) at a 7.5% required return — faster than the company has actually grown.

Scenario	FCF growth (fading to 2.5%)	Discount	Value / share
Conservative	3.5%/yr	8.5%	$12.52
Base case	6.5%/yr	7.5%	$25.84
Optimistic	9.5%/yr	6.5%	$47.15
Third-party model estimate (FMP)	independent reference · retrieved Sep 10, 2026 · assumptions not provided		$55.38

The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.

Price|PE Ratio|FCF Yield|All Metrics

Current Price

$71.95

Market-Implied Growth

+22.5%/yr

vs +6.5% 5Y actual

Model Scenario Range

$12.52 – $47.15

model output — not a price target

WMB DCF Fair Value Calculator

Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for WMB (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.

FCF Growth Rate6.5%/yr

Historical FCF CAGR: 3Y -36.2% · 5Y -21.3%

Discount Rate (WACC)7.5%

Terminal Growth2.5%

Projection Years10yr

Base inputs: FCF $2.5B · 1.22B shares · net debt $29.3B

Estimated Fair Value

$25.84

-64.1% vs $71.95

Current price$71.95

Third-party model estimate (FMP)$55.38

Sensitivity — fair value by discount rate × terminal growth

How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 6.5%/yr FCF growth and 10-year horizon fixed. Green = above today's $71.95; red = below. Your current case is outlined.

WACC ↓ / Terminal →	1.50%	2.00%	2.50%	3.00%	3.50%
5.5%	$40.79	$48.89	$59.70	$74.82	$97.48
6.5%	$27.59	$32.46	$38.53	$46.34	$56.75
7.5%	$18.80	$22.00	$25.84	$30.53	$36.39
8.5%	$12.53	$14.78	$17.39	$20.48	$24.18
9.5%	$7.84	$9.48	$11.36	$13.53	$16.05