WILLIAMS COMPANIES, INC. FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $14.9B |
| Gross margin | — not reported |
| Operating income | $4.2B |
| Net income | $2.6B |
| Diluted EPS | $2.14 |
| Cash & equivalents | — not reported |
| Total assets | $58.6B |
| Long-term debt | $27.3B |
Key takeaway
Williams reported $14.9 billion in revenue and $2.618 billion in net income for fiscal year 2025, supported by higher throughput across its Transco and West segments.
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Beneath the surface
The company took full ownership of the Gulfstar One floating production system in December 2025 after previously holding only 51%, indicating continued consolidation of Gulf of America offshore assets.
🔒 4 more insights a headline reader would miss
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