Williams Companies reports record Q3 2026 EBITDA and raises long‑term growth target
Williams Companies posted adjusted EBITDA of $2.04 billion for the third quarter of 2026, a 6% increase year over year, and revenue of $3.22 billion that beat forecasts. The firm completed its $5.5 billion Momentum Midstream acquisition and launched a $5.34 billion joint venture with Blackstone for power projects. Management lifted its long‑term adjusted EBITDA compound‑annual growth rate target to a range of 10%‑16% through 2030, up from the prior 10%+ goal.
Why it matters
The company says the higher growth target and new financing structures will support continued AFFO growth and allow leverage to stay below 4 times, which could sustain its dividend and fund further acquisitions. Analysts note the record EBITDA and strategic deals may improve earnings visibility for investors.
Key facts
- 1Adjusted EBITDA for Q3 2026 was $2.04 billion, up 6% from $1.92 billion in Q3 2025. investing.com
- 2Revenue for the quarter was $3.22 billion, beating the $3.0 billion forecast by 7.33%. investing.com
- 3Williams completed the Momentum Midstream acquisition for $5.5 billion, consisting of $3.5 billion in cash and debt and $2.0 billion in equity. investing.com
- 4The joint venture with Blackstone provides $5.34 billion of capital at an approximate 6.35% cost of equity. investing.com
- 5Management raised its long‑term adjusted EBITDA CAGR target to a range of 10%‑16% through 2030. finance.yahoo.com
- 6CFO said the company aims to keep leverage below 4 times (target range 3.5x‑4x). finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.