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This statistic highlights Williams Companies’ Product Revenue by Category, across Gulf of Mexico, Northeast Midstream, Northwest Pipeline and West Midstream.
Williams owns and operates an energy infrastructure that safely and reliably provides the natural gas used daily to heat our homes, cook food and generate electricity. As the world shifts to a low carbon future, the company is well-positioned to leverage its natural gas-focused strategy while continuing to deliver consistently stable returns for shareholders.
|Category||2021 Q3||2021 Q4|
|Gulf of Mexico midstream||167.00||210.00|
(All figures in millions)
Williams company product revenue from the external category increased from $531 million in Q4 2020 to $1596 million in Q4 2021, marking an increase of 200.56% or $1065 million, on a year-on-year basis. However, the product revenue showed an increase of around 76.35% or $691 million, as it rose from $905 million in Q3 2021 to $1596 million in Q4 2021 quarterly.
In 2020, this company showed fluctuations. This is evident from the fact that the product revenue decreased from $411 million in Q1 2020 to $310 million in Q2 2020, registering a fall of 24.57% or $101 million. This was followed by an increase in the product revenue as it rose to $414 million in Q3 2020, accounting for an increase of 33.55% or $104 million. Further, this was followed by a huge increase in the product revenue by external category in the next quarter as the company’s revenue increased from $414 million in Q3 2020 to $531 million in Q4 2020, projecting an incline of 28.26% or $117 million.
In 2021, the company’s product revenue witnessed ups and downs in the revenue in different quarters. The product revenue declined from $1111 million in Q1 2021 to $772 million in Q2 2021, accounting for a decline of about 30.51% or $339 million. However, the product revenue increased to $905 million in Q3 2021, registering an increase of 17.23% or $133 million. The revenue then increased to $1596 million in Q4 2021, from $905 million in Q3 2021, projecting a rise of 76.35% or $691million.
On an overall analysis of the past years, it can be concluded that the company witnessed fluctuations in the product revenue from the external category in all the quarters from 2016 to 2021. However, on a closer look at the statistics, it can be seen that there is a huge incline in product revenue from $431 million in Q1 2016 to $1111 million in Q1 2021, marking a rise of 157.77% or $680 million, since its inception.
The company was initially founded as Williams Brothers in 1908. Its founders were Miller and David Williams and it was found in Fort Smith, Arkansas. The company started expanding soon after in order to build a nationwide pipeline for natural gas as well as petroleum. The company aided to get the modern telecommunications industry to commence its operations by running fibre optic cable through its decommissioned pipelines. It built two nationwide networks, which subsequently turned into separate companies. Williams is committed to being a leader in providing the infrastructure to safely supply natural gas products and ensure a clean energy economy. Willams is a fortune 500 investment-grade corporation listed on the New York stock exchange (NYSE) and is headquartered in Tulsa, Oklahoma.
Williams is an industry-leading, investment-grade C-Corp operating across the natural gas value chain. This includes natural gas liquid collection, its processing, storage and transportation. Being the leading supplier in the United States, Williams offers the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines throughout the system, and is the largest and fastest-growing pipeline in the United States. It also processes about 30% of US natural gas used daily for clean power generation, heating, and industry.
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