Williams(US:WMB) Yahoo Finance·2026-03-14 13:14Core Argument - The U.S. is the dominant global producer of natural gas, with production at approximately 110 billion cubic feet per day, while domestic consumption is around 80 billion cubic feet per day, resulting in a 40% surplus that provides a structural export advantage [2][3]. Industry Overview - Natural gas accounts for about one-third of all energy used in the U.S., and the country has become the largest exporter of natural gas globally, supplying one-third of global LNG supplies [4]. Market Dynamics - Global LNG markets are currently under stress due to the suspension of liquefied natural gas exports from Qatar and geopolitical tensions affecting the Strait of Hormuz, which have led to soaring gas prices globally [5]. - Despite global price spikes, domestic Henry Hub prices have remained relatively stable, correcting from a January 2026 peak of $7.72/MMBtu to $3.62/MMBtu in February, compared to historical peaks over $13/MMBtu in 2005 and 2008 [5]. Company Performance - Williams Companies reported record Adjusted EBITDA of $7.75 billion in 2025, with a five-year EPS CAGR of 14%, and is guiding for Adjusted EBITDA of $8.05 billion to $8.35 billion for 2026 [6]. - The company is executing pipeline projects at a rate of 7.1 Bcf/d and investing over $7 billion in its power innovation portfolio to meet AI data center demand [6].