Overview

• Natural gas infrastructure provider's Q4 adjusted EPS missed analyst expectations

• Adjusted net income for Q4 missed analyst estimates

• Company completed 12 projects in 2025, including pipeline and Deepwater initiatives

Outlook

• Williams expects 2026 Adjusted EBITDA between $8.05 bln and $8.35 bln

• Company anticipates 2026 growth capex between $6.1 bln and $6.7 bln

• Williams increases annualized dividend by 5% to $2.10 for 2026

Result Drivers

• PROJECT EXECUTION - Completed 12 projects in 2025, including pipeline transmission and Deepwater projects, driving growth

• STRATEGIC PARTNERSHIPS - Executed Haynesville E&P sale and strategic partnership with Woodside Energy, enhancing operational capabilities

• ACQUISITIONS - Closed on acquisitions of Rimrock and Saber Midstream, expanding company's operational footprint

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas transportation services peer group is "buy"

• Wall Street's median 12-month price target for Williams Companies Inc is $70.00, about 3.2% above its February 9 closing price of $67.85

• The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nBw1GKc3da

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)