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Williams Companies10-Q: Margin pressure

Non-trading portfolio risk exposure (VaR) surged 800% to $18M in Q1.

Read at SEC EDGAR

What happened

The Value-at-Risk for the company's non-trading commodity derivative portfolio jumped from $2M at year-end 2025 to $18M at the end of Q1 2026. This significant increase in potential financial loss from hedging activities creates a direct threat to profitability and may drive investment in enhanced risk management systems or strategies.

Source

SEC EDGARMay 4, 2026

Quarterly report (Form 10-Q)

Williams Companies 10-Q

Filing excerpt

The VaR associated with these commodity derivatives was $18 million at March 31, 2026 and $2 million at December 31, 2025.

sec.gov/Archives/edgar/data/99250/000010726326000017/wmb-20260331.htmRead the full source

Extracted by Autobound

From the Signal API record
Signal
10-Q: Margin pressure

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
03/31
Filed
May 4, 2026

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From the Signal API record

Numbers

Dollar figure
$18M (Value-at-Risk for non-trading commodity derivatives at March 31, 2026)
Percent
800% (Increase in Value-at-Risk from $2M at Dec 31, 2025)

Details

CIK
99250
Accession number
0000107263-26-000017
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Efficiency tools needed
Signal category
Financial

Extraction

Confidence
High
Relevance
70%
Sentiment
Negative
Detected
May 5, 2026
signal_type
sec-10q
signal_subtype
marginPressure

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
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Show the full JSONThe record on this page and the API request

GET /v1/signals/9263a007-5edf-430e-966f-671fb16b65bd returns this record as JSON. POST /v1/companies/enrich returns every signal for williams.com.

{
  "signal_id": "9263a007-5edf-430e-966f-671fb16b65bd",
  "signal_type": "sec-10q",
  "signal_subtype": "marginPressure",
  "detected_at": "2026-05-05T08:48:22.814+00:00",
  "company": {
    "name": "Williams Companies",
    "domain": "williams.com"
  },
  "data": {
    "detail": "The Value-at-Risk for the company's non-trading commodity derivative portfolio jumped from $2M at year-end 2025 to $18M at the end of Q1 2026. This significant increase in potential financial loss from hedging activities creates a direct threat to profitability and may drive investment in enhanced risk management systems or strategies.",
    "metrics": {
      "pct": 8,
      "timeframe": "current_quarter",
      "pct_context": "Increase in Value-at-Risk from $2M at Dec 31, 2025",
      "dollar_context": "Value-at-Risk for non-trading commodity derivatives at March 31, 2026",
      "dollar_millions": 18
    },
    "summary": "Non-trading portfolio risk exposure (VaR) surged 800% to $18M in Q1.",
    "excerpts": "The VaR associated with these commodity derivatives was $18 million at March 31, 2026 and $2 million at December 31, 2025.",
    "relevance": 0.7,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/99250/000010726326000017/wmb-20260331.htm",
    "filing_date": "2026-05-04",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/31",
    "sales_relevance": "Efficiency tools needed",
    "signal_category": "financial"
  }
}

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