The Williams Companies, Inc. (NYSE: WMB; LSE: 0LXB) operates as a leading natural gas infrastructure company, focusing on the gathering, processing, transportation, and storage of natural gas and natural gas liquids across the United States. The company owns and operates approximately 33,000 miles of interstate natural gas pipelines, including the flagship Transco and Northwest Pipeline systems; midstream gathering, processing, and fractionation assets serving key shale regions such as the Marcellus and Utica in Pennsylvania, Ohio, and New York, the Rocky Mountain area in Colorado and Wyoming, the Barnett Shale in Texas, the Eagle Ford and Haynesville in Texas and Louisiana, and the Mid-Continent including the Anadarko, Arkoma, and Permian basins; natural gas liquid fractionation and storage facilities in central Kansas; crude oil production handling and transportation assets in the Gulf Coast; and an expanding portfolio of underground natural gas storage facilities and related transmission pipelines. Williams handles about one-third of U.S. daily natural gas consumption used for heating, cooking, electricity generation, and emerging clean energy applications, delivering to customers including LNG exporters, power generators, industrials, and municipalities through operations spanning major U.S. producing basins and demand markets from the Northeast to the Gulf Coast and Rockies. Founded in 1908 as Williams Brothers in Fort Smith, Arkansas, and headquartered in Tulsa, Oklahoma since 1919, the company has evolved from pipeline construction to a premier owner-operator of energy infrastructure. Recent developments include the 2024 acquisition of a natural gas storage portfolio from Hartree Partners LP, encompassing six underground facilities in Louisiana and Mississippi plus 230 miles of transmission pipeline and interconnects to LNG markets and Transco; full ownership of the Wamsutter upstream joint venture and Rimrock assets in the DJ Basin to optimize margins; eight new interstate transmission projects adding 1.25 Bcf/d capacity in 2025, such as Louisiana Energy Gateway and Southside Reliability Enhancement; and a strategic partnership with Woodside Energy for Line 200, a 3.1 Bcf/d pipeline, alongside 2023's MountainWest Pipeline acquisition enhancing Rockies market access.