威廉姆斯 2025年季度报告

Washington, D.C. 20549FORM10-Q or TheWilliamsCompanies,Inc.Transcontinental Gas Pipe Line Company, LLC (Exact name of registrant as specified in its charter) Zip Code:Registrant’s Telephone Number,Including Area Code:74172800-945-5426(800-WILLIAMS)77056713-215-200074172800-945-5426 One Williams Center,Tulsa,Oklahoma2800 Post Oak Boulevard,Houston,TexasOne Williams Center,Tulsa,Oklahoma The Williams Companies, Inc.Transcontinental Gas Pipe Line Company, LLC NO CHANGE (Former name, former address and former fiscal year, if changed since last report)Securities registered pursuant to Section 12(b) of the Act: Title of Each ClassCommon Stock, $1.00par valueNoneNone Trading Symbol(s)WMBNoneNone The Williams Companies, Inc.Transcontinental Gas Pipe Line Company, LLC Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90 days. The Williams Companies, Inc.Transcontinental Gas Pipe Line Company, LLC Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. The Williams Companies, Inc.Transcontinental Gas Pipe Line Company, LLCNorthwest Pipeline LLC Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.) The Williams Companies, Inc.Transcontinental Gas Pipe Line Company, LLC Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. The Williams Companies, Inc.Transcontinental Gas Pipe Line Company, LLC Both Transcontinental Gas Pipe Line Company, LLC and Northwest Pipeline LLC meet the conditions set forth in General Instructions H(1)(a) and(b) of Form10‑Q and are therefore filing this Form10‑Q with the reduced disclosure format specified in General Instructions H(2)(a), (b), and (c) of This combined Form10‑Q is separately filed by The Williams Companies, Inc., Transcontinental Gas Pipe Line Company, LLC, and NorthwestPipeline LLC. Information contained herein relating to any individual registrant is filed by such registrant on its own behalf. Each registrant makes no Part I. Financial Information Item1. Financial StatementsItem2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem3. Quantitative and Qualitative Disclosures About Market RiskItem4. Controls and Procedures The reports, filings, and other public announcements of Williams, Transco, and NWP may contain or incorporate by referencestatements that do not directly or exclusively relate to historical facts. Such statements are “forward-looking statements” within themeaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These forward-looking statements relate toanticipated financial performance, management’s plans and objectives for future operations, business prospects, outcomes of All statements, other than statements of historical facts, included in this report that address activities, events, or developments thatWilliams, Transco, and NWP expect, believe, or anticipate will exist or may occur in the future, are forward-looking statements.Forward-looking statements can be identified by various forms of words such as “anticipates,” “believes,” “seeks,” “could,” “may,”“should,” “continues,” “estimates,” “expects,” “forecasts,” “intends,” “might,” “goals,” “objectives,” “targets,” “planned,” “potential,” •Levels of dividends to Williams’ stockholders; •Future credit ratings of Transco, NWP, and Williams and its affiliates; •Amounts and nature of future capital expenditures; •Expansion and growth of business and operations;•Expected in-service dates for capital projects;•Financial condition and liquidity;•Business strategy;•Cash flow from operations or results of operations;•Rate case filings; •Seasonality of certain business components; •Natural gas, natural gas liquids, and crude oil prices, supply, and demand; •Demand for services. Forward-looking statements are based on numerous assumptions, uncertainties, and risks that could cause future events or resultsto be materially different from those stated or implied in this report. Many of the factors that will determine these results are beyondWilliams’, Transco’s, and NWP’s ability to control or predict. Specific factors that could cause ac