威廉姆斯 2026年季度报告

Washington, D.C. 20549FORM 10-Q (Mark One) ☑QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended March31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ TheWilliamsCompanies,Inc.Transcontinental Gas Pipe Line Company, LLCNorthwest Pipeline LLC(Exact name of registrant as specified in its charter) Commission file number:State or Other Jurisdiction ofIncorporation or Organization: IRS Employer Identification No.: The Williams Companies, Inc.Transcontinental Gas Pipe Line Company, LLCNorthwest Pipeline LLC 1-41741-75841-7414 73-056987874-107940026-1157701 Registrant’s Telephone Number,Including Area Code:800-945-5426 (800-WILLIAMS)713-215-2000800-945-5426 Zip Code:741727705674172 The Williams Companies, Inc.Transcontinental Gas Pipe Line Company, LLCNorthwest Pipeline LLC NO CHANGE The Williams Companies, Inc.Transcontinental Gas Pipe Line Company, LLCNorthwest Pipeline 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, LLCNorthwest Pipeline LLC Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files). The Williams Companies, Inc.Transcontinental Gas Pipe Line Company, LLCNorthwest Pipeline 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 “emerginggrowth company” in Rule 12b-2 of the Exchange Act. 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, LLCNorthwest Pipeline 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, LLCNorthwest Pipeline 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) ofForm10‑Q. 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 norepresentation as to information relating to the other registrants. FORM 10-Q TABLE OF CONTENTS Part I. Financial Information8Item1. Financial Statements8Item2. Management’s Discussion and Analysis of Financial Condition and Results of Operations44Item3. Quantitative and Qualitative Disclosures About Market Risk63Item4. Controls and Procedures64Part II. Other Information66Item1. Legal Proceedings66Item1A. Risk Factors66Item2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities66Item 5. Other Information67Item6. Exhibits68 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 ofregulatory proceedings, market conditions, and other matters. Williams, Transco, and NWP make these forward-looking statements inreliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995, as applicable. All statements, other than statements