Williams Companies, Inc. (The) WMB

Competitive advantage analysis · energy

Corporate Default
Overall moat score
61/100
Moderate

Ranked against 67 peers in Oil & Gas Midstream

About Williams Companies, Inc. (The)

The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission, Power & Gulf, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission, Power & Gulf segment comprises Transco, NWP, and Mountain West interstate natural gas pipelines, and their related natural gas storage facilities, as … Full WMB analysis →

Key strengths

  • Scale Supporting Profitability Profitability at scale is strong (score 0.79), demonstrating competitive advantages.
  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.78), suggesting sticky customer base.

Key risks

  • Liquidity Concerns Liquidity is concerning (score 0.08), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
69
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where WMB ranks in Oil & Gas Midstream

Williams Companies, Inc. (The) ranks #13 of 56 scored companies in Oil & Gas Midstream by moat score — the top 23%. The widest moat in the group is Hess Midstream LP (HESM) at 84/100.

# Company Moat score Rating
9 3273 MARPS 67/100 Moderate
10 DHT Holdings, Inc. DHT 66/100 Moderate
11 FLEX LNG Ltd. FLNG 62/100 Moderate
12 Cheniere Energy, Inc. LNG 62/100 Moderate
13 Williams Companies, Inc. (The) WMB 61/100 Moderate
14 Cheniere Energy Partners, LP CQP 61/100 Moderate
15 TC Energy Corporation TRP 61/100 Moderate
16 Dorian LPG Ltd. LPG 60/100 Moderate
17 Cool Company Ltd. CLCO 59/100 Moderate

See every Commodities & Mining company ranked by moat score →

How WMB scores on the Corporate Default defenses

Pricing Power

Score 69 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 50 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 68 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 66 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 39 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 72 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding WMB's moat

What is Williams Companies, Inc. (The)'s moat score?

Williams Companies, Inc. (The) (WMB) scores 61 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #13 of 56 scored companies in Oil & Gas Midstream, the top 23%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 67 companies in Oil & Gas Midstream. Its strongest defense is Scale & Market Position (72/100) and its weakest is Resilience (39/100).

How does Williams Companies, Inc. (The) compare with other Oil & Gas Midstream companies?

Williams Companies, Inc. (The) ranks #13 of 56 scored companies in Oil & Gas Midstream by moat score. The widest moat in Oil & Gas Midstream is Hess Midstream LP (HESM) at 84/100. The companies ranked closest are Cheniere Energy, Inc. (LNG) at 62 just above it and Cheniere Energy Partners, LP (CQP) at 61 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 67 companies in Oil & Gas Midstream. The defenses are then weighted to produce the overall score out of 100.

Why is Williams Companies, Inc. (The) scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Williams Companies, Inc. (The)?

The Corporate Default template measures 6 defenses, and WMB scores: Pricing Power (69), Cost Advantage (50), Customer Stickiness (68), Capital Efficiency (66), Resilience (39), Scale & Market Position (72). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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