Williams (NYSE: WMB) reported a 13% year-over-year increase in adjusted EBITDA to $1.92 billion for the third quarter of 2025, driven by new capacity on its Transco pipeline and higher Gulf of Mexico volumes. Despite the strong operational performance, higher financing and maintenance costs tempered net income growth, with GAAP earnings of $646 million, down from $728 million a year earlier. Adjusted earnings per share rose 14% to $0.49, supported by higher service revenues and expanding midstream through ...