Core Insights - The Williams Companies held an Analyst Day event to discuss their earnings and strategic direction [1] - The presentation included insights from key executives, highlighting the company's history and evolution in natural gas strategy [1] Company Overview - Chad Zamarin, President and CEO, provided a brief history of Williams and the development of their natural gas strategy [1] - Rob Wingo, leading corporate strategy, emphasized the core pillars that contribute to the success and repeatability of the strategy [1] - Larry Larsen, Chief Operating Officer, discussed the company's best-in-class operations and project execution [1] - John Porter, Chief Financial Officer, presented the financial results and future guidance expectations [1]

Key Takeaways WMB reported Q4 EPS of 55 cents, missing estimates, while revenues rose to $3.2B.The Williams Companies grew adjusted EBITDA 14.5% to $2B on higher rates and volumes.WMB raised its annual dividend 5% and projects 2026 EBITDA of $8.05B-$8.35B.The Williams Companies, Inc. (WMB) reported fourth-quarter 2025 adjusted earnings per share of 55 cents, which missed the Zacks Consensus Estimate of 58 cents, mainly due to a 10.3% year-over-year increase in costs and expenses, along with weak performance ...

Core Viewpoint - Williams Companies, Inc. (NYSE:WMB) is experiencing mixed financial performance, with a recent earnings miss but positive revenue growth, leading to a new price target set by Jefferies at $78, indicating optimism for future performance [1][5]. Financial Performance - WMB reported quarterly earnings of $0.55 per share, which was below the Zacks Consensus Estimate of $0.58, resulting in an earnings surprise of -4.99% [2][5]. - The company showed year-over-year growth in earnings, with $0.55 per share compared to $0.47 per share in the same quarter last year [2]. - Revenues for the quarter ending December 2025 were $3.2 billion, exceeding the Zacks Consensus Estimate by 1.80%, and representing an increase from $2.74 billion in the previous year [3][5]. Stock Performance - The current stock price of WMB is $68.84, reflecting a 1.46% increase or $0.99, with a trading range today between a low of $68.44 and a high of $71.57, the latter being the highest price over the past year [4]. - The lowest price for WMB in the past year was $51.58, and the company has a market capitalization of approximately $84.07 billion, with a trading volume of 15.58 million shares [4].

Williams Companies, Inc. (The) (WMB) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.99%. A quarter ago, it was expected that this pipeline operator would post earnings of $0.51 per share when it actually produced earnings of $0.49, delivering a surprise of -3.92%.Over the last fou ...

The Williams Companies (NYSE:WMB) 2026 Investor Day February 10, 2026 08:30 AM ET Company ParticipantsChad Zamarin - President and CEODanilo Juvane - VP of Investor RelationsJohn Porter - EVP and CFOLarry Larsen - EVP and COORob Wingo - EVP of Corporate Strategic DevelopmentNone - Video NarratorConference Call ParticipantsAmit Tucker - Equity Research AnalystCraig Shere - Equity Research AnalystGabriel Moreen - Managing Director and Senior Equity Research AnalystJason Gabelman - Equity Research AnalystJean ...

2026 Analyst Day February 2026 WILLIAMS © 2026 The Williams Companies, Inc. All rights reserved NYSE: WMB I 2026 Analyst Day I February 10, 2026 I www.williams.com 1 Agenda Welcome & Introductions Danilo Juvane, VP IR and ESG CEO Perspective Chad Zamarin, President & Chief Executive Officer 15-minute Break All Attendees Corporate Strategy Rob Wingo, EVP, Corporate Strategic Development Operations & Execution Larry Larsen, EVP & Chief Operating Officer Financial Outlook John Porter, EVP & Chief Financial Off ...

Financial Performance - Williams reported record Adjusted EBITDA of $7.75 billion for 2025, representing a 9% increase from 2024[4]. - GAAP net income for 2025 was $2.615 billion, or $2.14 per diluted share, up 18% compared to 2024[4]. - Cash flow from operations increased by $924 million to $5.898 billion, a 19% rise from 2024[4]. - Total revenues for 2025 reached $11,950 million, a 13.8% increase from $10,503 million in 2024[28]. - Net income attributable to The Williams Companies, Inc. for 2025 was $2,615 million, up 17.7% from $2,222 million in 2024[28]. - Operating income for 2025 was $4,196 million, compared to $3,339 million in 2024, reflecting a 25.8% increase[28]. - Cash provided by operating activities in 2025 was $5,898 million, an increase from $4,974 million in 2024[33]. - The company reported a basic earnings per share of $2.14 for 2025, up from $1.82 in 2024[28]. - Net income for 2024 totaled $2,346 million, with a projected increase to $2,768 million in 2025[53]. - Modified EBITDA for 2024 was $6,656 million, expected to rise to $7,673 million in 2025[53]. - Available funds from operations (AFFO) for 2024 were $5,378 million, with a forecast of $5,858 million for 2025[54]. - The coverage ratio for AFFO to common dividends paid was 2.32 for 2024, projected to be 2.40 in 2025[54]. Capital Expenditures and Investments - Capital investments for 2025 totaled $4.294 billion, significantly up from $2.706 billion in 2024[4]. - The company anticipates a total of $5,404 million in capital expenditures for 2025, with a focus on expanding operational capabilities[44]. - The company plans to invest $3,258 million in Transmission, Power & Gulf for 2025, indicating a growth strategy in this segment[44]. - The company has identified $511 million in purchases of and contributions to equity-method investments for 2025, indicating ongoing strategic investments[44]. - The Northeast G&P segment's capital expenditures for 2024 are expected to be $211 million, a decrease from $224 million in 2023[44]. - Total capital expenditures for 2024 are projected to be $4,893 million, with a significant increase in the 1st quarter to $1,012 million[44]. Future Guidance - 2026 Adjusted EBITDA guidance is set between $8.05 billion and $8.35 billion, reflecting a 6% increase at the midpoint compared to 2025[4][23]. - The company anticipates 2026 growth capital expenditures between $6.1 billion and $6.7 billion[23]. - Guidance for 2026 indicates net income from continuing operations will range from $3,010 million to $3,240 million[56]. - Adjusted EBITDA for 2026 is expected to be between $8,050 million and $8,350 million[56]. - Net cash provided by operating activities for 2026 is projected to be between $6,315 million and $6,545 million[56]. - Common dividends paid are expected to be $2,575 million in 2026[56]. - The company anticipates a total adjusted income from continuing operations available to common stockholders between $2,700 million and $2,930 million for 2026[56]. Operational Highlights - Williams completed 12 projects in 2025, including 6 pipeline transmission and 4 Deepwater projects[4]. - The company executed a strategic partnership with Woodside Energy and closed acquisitions of Rimrock and Saber Midstream[4]. - Average daily transportation volumes for Transcontinental Gas Pipe Line increased from 14.0 MMdth in 2023 to 15.0 MMdth in 2025, reflecting a 7.1% growth[34]. - Average daily firm reserved capacity for Transcontinental Gas Pipe Line is projected to increase from 20.1 MMdth in 2023 to 20.8 MMdth in 2025, a growth of 3.5%[34]. - Average daily crude oil transportation volumes are expected to rise from 113 Mbbls/d in 2023 to 208 Mbbls/d in 2025, representing an 84.1% increase[34]. - Gathering volumes averaged 5.46 Bcf/d in 2024, with an increase to 6.09 Bcf/d projected for 2025[39]. Dividend Policy - The company raised its dividend by 5% to $2.10 annualized for 2026, marking 52 consecutive years of dividend payments[4]. - The company is committed to maintaining dividend levels while navigating economic uncertainties and market volatility[60]. Risks and Considerations - Key factors influencing future results include levels of dividends, capital expenditures, and business expansion strategies[59]. - The company highlights risks related to natural gas and crude oil prices, market demand, and regulatory environments that could impact financial outcomes[60]. - Future cash flow from operations and the ability to execute capital projects are critical for achieving business objectives[60]. - The impact of climate change and regulatory scrutiny on environmental practices is a significant consideration for future strategies[60]. - The geopolitical situation, including conflicts and changes in U.S. policies, may affect operational and financial stability[60]. - Future reports will include detailed risk factors that could lead to deviations from anticipated results[63]. - The company does not intend to update forward-looking statements unless required by law, emphasizing the inherent uncertainties in such projections[61].

Key Takeaways Williams is considering acquiring upstream gas assets to support AI data centers with integrated energy.The strategy aims to offer hyperscalers a one-stop solution spanning supply, storage and power.Williams' Power Innovation unit has $5.1B committed capital with long-term contracts backing growth.The Williams Companies, Inc. (WMB) is reportedly considering a rare strategic shift — exploring the acquisition of U.S. natural gas producing assets — to strengthen its position as a comprehensive en ...

The Williams Companies, Inc. (NYSE:WMB) is one of the 12 Best Oil and Gas Stocks to Buy Right Now. On February 2, Jefferies increased its price target on The Williams Companies, Inc. (NYSE:WMB) from $71 to $76 and kept its Buy rating. Jefferies expects the company to announce medium-term adjusted EBITDA growth guidance of 8% to 10% through fiscal 2030 compared with 2025, beating current market expectations. According to the research firm, investors are underestimating the scale of The Williams Companies, ...

Williams Companies is exploring buying natural gas production in the United States, a rare foray for an energy infrastructure operator, as it aims to secure natural gas supplies to support its one-sto... ...