Transmission & Gulf Of Mexico was Williams Companies’s largest segment in fiscal 2023, bringing in $4.15B of $10.91B (38%).
| Segment | FY 2008 | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Williams Partners | — | — | — | — | ||||||||||||
| Exploration & Production | — | — | — | — | ||||||||||||
| Transmission & Gulf Of Mexico | $3.47B | $3.79B | $4.05B | $4.15B | ||||||||||||
| West | $1.52B | $2.03B | $2.56B | $2.14B | ||||||||||||
| Gas & Ngl Marketing Services | $1.63B | $4.21B | $3.23B | $2.88B | ||||||||||||
| Atlantic Gulf | — | — | — | — | ||||||||||||
| Northeast G & P | $1.53B | $1.63B | $1.80B | $2.03B | ||||||||||||
| Other | — | — | — | — | ||||||||||||
| Midstream Canada & Olefins | — | — | — | — | ||||||||||||
| Williams Ngl & Petchem Services | — | — | — | — | ||||||||||||
| Corporate & Other | $34.00M | $345.00M | $651.00M | $506.00M | ||||||||||||
| All Other Segments | — | — | — | — | ||||||||||||
| Intersegment Eliminations | -$467.00M | -$1.38B | -$1.33B | -$795.00M | ||||||||||||
| Intersegment Elimination | — | — | — | — | ||||||||||||
| Intercompany Eliminations | — | — | — | — | ||||||||||||
| Total | $7.72B | $10.63B | $10.97B | $10.91B |
Williams Companies brought in $10.91B from its six segments in fiscal 2023, the year ended December 31, 2023. That was down 0.5% from $10.97B in fiscal 2022. Transmission & Gulf Of Mexico was the largest at $4.15B (38.0%), ahead of Gas & Ngl Marketing Services at $2.88B (26.4%) and West at $2.14B (19.6%). The other two segments brought in $2.54B combined.
Compared with fiscal 2022, Northeast G & P grew fastest, up 12.8% to $2.03B, while Corporate & Other fell the most, down 22.3% to $506.00M. From fiscal 2020 to 2023, combined revenue from these segments grew from $7.72B to $10.91B, a compound annual growth rate of 12.2%. Transmission & Gulf Of Mexico's share of the total fell from 44.9% to 38.0%.
The total is net of Intersegment Eliminations, which took $795.00M off revenue in fiscal 2023.
Regulated Interstate Transportation & Storage was Williams Companies’s largest segment in fiscal 2023, bringing in $3.53B of $10.91B (32%).
| Subsegments | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|
| Regulated Interstate Transportation & Storage | — | $3.10B | $3.36B | $3.53B | ||
| Gas & Ngl Marketing Services | $1.63B | $4.21B | $3.23B | $2.88B | ||
| West Midstream | $1.52B | $2.03B | $2.56B | $2.14B | ||
| Transco | $2.50B | — | — | — | ||
| Northeast Midstream | $1.53B | $1.63B | $1.80B | $2.03B | ||
| Gulf Of Mexico Midstream & Storage | $519.00M | $695.00M | $717.00M | $627.00M | ||
| Transmission & Gulf Of Mexico Midstream | — | — | — | — | ||
| Northwest Pipeline | $449.00M | — | — | — | ||
| Other | $34.00M | $345.00M | $651.00M | $506.00M | ||
| Intersegment Eliminations | -$470.00M | -$1.38B | -$1.36B | -$803.00M | ||
| Total | $7.72B | $10.63B | $10.97B | $10.91B |
Williams Companies brought in $10.91B from its seven segments in fiscal 2023, the year ended December 31, 2023. That was down 0.5% from $10.97B in fiscal 2022. Regulated Interstate Transportation & Storage was the largest at $3.53B (32.4%), ahead of Gas & Ngl Marketing Services at $2.88B (26.4%) and West Midstream at $2.14B (19.6%). The other three segments brought in $3.17B combined.
Compared with fiscal 2022, Northeast Midstream grew fastest, up 12.8% to $2.03B, while Other fell the most, down 22.3% to $506.00M.
Williams Companies began breaking out Regulated Interstate Transportation & Storage in fiscal 2021, when it brought in $3.10B. Williams Companies stopped reporting Transco ($2.50B in fiscal 2020) and Northwest Pipeline ($449.00M in fiscal 2020) as separate segments. The total is net of Intersegment Eliminations, which took $803.00M off revenue in fiscal 2023.
Service was Williams Companies’s largest product and service line in fiscal 2023, bringing in $7.27B of $10.91B (67%).
| Product and Service | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Service | $5.92B | $6.20B | $6.80B | $7.27B | |||||||
| Product | $1.67B | $5.72B | $5.62B | $3.33B | |||||||
| Nonregulated Service Commodity Consideration | $129.00M | $238.00M | $260.00M | $146.00M | |||||||
| Energy Commodities & Service | -$5.00M | -$148.00M | -$387.00M | $956.00M | |||||||
| Intersegment Eliminations | — | -$1.38B | -$1.33B | -$795.00M | |||||||
| Intersegment Elimination | — | — | — | — | |||||||
| Total | $7.72B | $10.63B | $10.97B | $10.91B |
Williams Companies brought in $10.91B from its five product and service lines in fiscal 2023, the year ended December 31, 2023. That was down 0.5% from $10.97B in fiscal 2022. Service was the largest at $7.27B (66.7%), ahead of Product at $3.33B (30.5%) and Energy Commodities & Service at $956.00M (8.8%). The remaining line, Nonregulated Service Commodity Consideration, brought in $146.00M.
Compared with fiscal 2022, Service grew 6.9% to $7.27B, while Product fell 40.8% to $3.33B.
The total is net of Intersegment Eliminations, which took $795.00M off revenue in fiscal 2023.
Williams Companies (WMB) reports its revenue by segment, by subsegments and by product and service. In fiscal 2023, Transmission & Gulf Of Mexico was its largest segment, bringing in $4.15B (38.0% of the total), followed by Gas & Ngl Marketing Services at $2.88B (26.4%).
Transmission & Gulf Of Mexico was Williams Companies' largest segment in fiscal 2023, bringing in $4.15B, or 38.0% of the $10.91B total across its six segments.
Service was Williams Companies' largest product and service line in fiscal 2023, bringing in $7.27B, or 66.7% of the $10.91B total across its five product and service lines.
Among Williams Companies' segments that make up at least 2% of revenue, Northeast G & P grew fastest in fiscal 2023, up 12.8% from $1.80B to $2.03B.
Every figure comes from Williams Companies' annual financial filings, as reported. Each line keeps the name Williams Companies gives it, and years follow its fiscal calendar.
Williams Companies' revenue by segment goes back to fiscal 2008, with figures through fiscal 2023. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.