$WMB

Wilson Terrance Lane (SVP & General Counsel) sold 13,000 shares of WILLIAMS COMPANIES, INC. (WMB) at an average of $74.87 ($74.84–$74.88, $0.97M total) across 2 trades on 2026-08-14.

Washington’s 2045 law requires electricity sold in the state to be carbon-free, but utilities say rising demand will require additional natural gas peaker plants. Puget Sound Energy bought six gas turbines and proposes 5 GW more. Williams Companies plans pipeline expansion. Lawmakers debate whether to loosen the Clean Energy Transformation Act amid reliability and cost concerns.

Williams Companies (NYSE:WMB) discussed Q2 plans to support grid expansion via rapid deployment, scale, and hybrid structures. It formed a Power Innovation JV with Blackstone with $5.34B committed capital and capped 6.35% cost of equity. Williams also agreed to buy Momentum Midstream for $5.5B, adding 6 Bcf/d gathering and 4 Bcf/d pipeline capacity, plus Shelby Connector and Delta Access projects.

Williams Companies (WMB) will buy Momentum Midstream for $5.5B and invest $1.5B in its Delta Access Expansion, adding 4.05 Bcf/d capacity and 2.25 Bcf/d starting early 2029. Enbridge (ENB) and MPLX (MPLX) sanctioned the 2.6 Bcf/d Bay Runner Twin Pipeline for NextDecade’s Rio Grande LNG, entering service by 2030. TC Energy (TRP) and DT Midstream (DTM) approved gas pipeline expansions tied to 20-year take-or-pay contracts for power and AI data centers.

Williams and Chevron are pitching data-center demand as a driver for US natural gas and power infrastructure. BloombergNEF estimates gas demand could require 36% more US production by the mid-2030s. Williams plans behind-the-meter gas plants and a pipeline in Ohio, investing over $5B, while Chevron is building a 2.67 GW power plant for Microsoft under a 20-year power purchase agreement.

The Williams Companies (WMB) reported Q2 2026 results and said it achieved first utility-scale power in-service for Socrates Phase 1 in under 18 months. Williams acquired Momentum Midstream for $5.5B, raised long-term EBITDA CAGR to 11%+ through 2030, and increased 2026 EBITDA guidance by $200M to $8.3B-$8.5B. It expects leverage around 3.75x and flagged hurricane and natural gas price risks.

Williams Companies (WMB) is an energy infrastructure midstream and pipeline operator. The stock gained 18.7% over the past year versus about 22.2% for the S&P 500, and lagged the First Trust Nasdaq Oil & Gas ETF. On Aug. 3, WMB fell 1.6% after Q2 results: adjusted EPS $0.50 vs $0.52 expected, revenue $3.05B vs $3.08B. Analysts expect 2026 EPS $2.35 (+11.9%) and a consensus “Strong Buy,” with a mean target $84.48 and high $99.

Williams said on its Q2 earnings call that its $5.5 billion acquisition of Momentum Midstream will expand its Haynesville gathering and add about 6 Bcf/d of gathering and over 4 Bcf/d of take-or-pay pipeline capacity. It also announced Shelby Connector (up to 750 MMcf/d, in 1H 2028) and Delta Access (2.25 Bcf/d, early 2029). Williams raised 2026 adjusted EBITDA guidance to $8.3-$8.5B.

EnCap Flatrock agreed to sell M6 Midstream LLC (Momentum Midstream) to The Williams Companies Inc for up to $5.5 billion, including about $3.5 billion cash plus assumed debt and about $2 billion in Williams equity. The deal adds Haynesville gathering and transmission capacity of about 6 Bcfd. Williams forecasts 2026 adjusted EBITDA of $8.3B to $8.5B and leverage near 3.75x, subject to antitrust clearance.

Williams agreed to buy Momentum Midstream (M6 Midstream) from EnCap Flatrock Midstream for up to $5.5bn, including $3.5bn cash and debt consideration and about $2bn in Williams equity. Completion is subject to regulatory review. Momentum operates 4,000+ miles of pipelines with ~6 bcf/d capacity. Williams raised 2026 adjusted EBITDA guidance midpoint to $8.4bn.