For the quarter ended December 2025, Williams Companies, Inc. (The) (WMB) reported revenue of $3.2 billion, up 16.6% over the same period last year. EPS came in at $0.55, compared to $0.47 in the year-ago quarter.The reported revenue represents a surprise of +1.8% over the Zacks Consensus Estimate of $3.14 billion. With the consensus EPS estimate being $0.58, the EPS surprise was -4.99%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare t ...

Citi Research Global Technology, Communications, Real Estate, Energy, and Industrials February 23, 2026 Data Center GAINs (Gen AI Names) Multi-Asset Strong Absorption Supports Solid 2026 and LT Data Center Demand | Equities | | | | | ABS | | --- | --- | --- | --- | --- | --- | | Michael Rollins, CFAAC +1 212 816-3116 | Heath TerryAC +1 212 723-4624 | Caitlyn Walsh caitlyn.walsh@citi.com | | | | | michael.rollins@citi.com | heath.terry@citi.com | | | | | | Siraj Ahmed AC | AC Scott Gruber | Andrew KaplowitzA ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ The Williams Companies, Inc. Transcontinental Gas Pipe Line Company, LLC Northwest Pipeline LLC (Exact Name of Registrant as Specifi ...

February 19, 2026 05:01 AM GMT AI Infrastructure Identifying Key Beneficiaries Across the Natural Gas Value Chain from AI/Data Center Development M Leveraging the insights of AlphaWise, we estimate that AI data center development will drive +4.8 Bcf/d of incremental domestic natural gas demand by 2030, concentrated in Appalachia/PJM. We identify key beneficiaries across the natural gas value chain. Key Takeaways We introduce a new geospatial analysis of AI-driven data center development that provides increm ...

Core Insights - The Williams Companies, Inc. (NYSE:WMB) is recognized as one of the best all-time high stocks to buy according to Wall Street [1] - Jefferies and UBS have both raised their price targets for Williams, indicating strong market confidence in the company's growth potential [1][2] Financial Performance - Williams reported Q4 adjusted EPS of $0.55, slightly below the consensus estimate of $0.57 [4] - The company achieved a record adjusted EBITDA of $7.75 billion in 2025, reflecting a five-year adjusted EBITDA CAGR of 9% and a five-year EPS CAGR of 14% [4][5] - For 2026, the adjusted EBITDA guidance is set at $8.2 billion at the midpoint, supported by pipeline transmission and offshore projects [5] Growth Projections - Jefferies expects Williams to deliver a 12% to 13% EBITDA compound annual growth rate through FY30, with a sustainable EBITDA trajectory of over 10% beyond 2030 [1] - UBS highlighted a power generation backlog of approximately $7.3 billion, which is expected to generate about $1.4 billion in annual EBITDA by 2029 [2] Business Segments - The Williams Companies operates energy infrastructure assets in the United States through various segments, including Transmission & Gulf of America, Northeast G&P, West, and Gas & NGL Marketing Services [6]

These pipeline stocks can produce durable and steadily rising dividend income.Pipeline companies make ideal long-term investments. Most pipeline operators sell capacity under long-term contracts or government-regulated rate structures, providing them with significant visibility into their future cash flows. Meanwhile, energy demand is growing, which should enable these companies to continue expanding their systems. Enbridge (ENB 0.14%), Kinder Morgan (KMI +0.57%), and Williams (WMB +1.12%) are three of the ...

Core Viewpoint - The Williams Companies, Inc. (NYSE:WMB) is highlighted as a strong investment opportunity in the infrastructure sector, with a price target increase from Wells Fargo analyst Praneeth Satish to $80 from $71, maintaining an Overweight rating [1]. Group 1: Growth Outlook - Williams Companies presented a positive growth outlook during its Analyst Day, projecting over 10% compound annual growth rate (CAGR) in EBITDA from 2025 to 2030, with approximately 8% of this growth already secured through final investment decision projects and modest expansions in gathering and processing [3]. - Wells Fargo forecasts a 12% EBITDA CAGR over seven years, which exceeds the company's own guidance [4]. Group 2: Project Approvals and Backlog - The company received approval for the "Socrates The Younger" power initiative, increasing its power backlog to 6 gigawatts from an implied 5 gigawatts and extending two contracts from 10 years to 12.5 years [4]. - Williams holds $12 billion in active construction contracts and a $37 billion opportunity pipeline, along with approximately 10 gigawatts in equipment orders contributing to an additional $14 billion shadow backlog [4]. Group 3: Strategic Acquisitions - Williams is reportedly exploring the acquisition of US natural gas production assets to secure supplies for its energy services aimed at hyperscalers and AI data center developers [5]. - This strategic move is intended to position Williams as a single partner for multiple suppliers, enhancing its leadership in AI energy and addressing the growing power demands of data centers [6].

Core Insights - Williams (WMB) is projecting a compound annual growth rate (CAGR) of over 10% for adjusted EBITDA through 2030, driven by power and transmission projects [1] - The company has a significant backlog of opportunities, with $15 billion in potential growth capital and a robust pipeline of projects [1] Group 1: Financial Performance and Growth Outlook - WMB has raised its long-term adjusted EBITDA growth target from 5-7% to over 10% CAGR for 2025-2030, following a 9% CAGR from 2020 to 2025 [1] - The company expects U.S. natural gas demand to grow by 39 billion cubic feet per day (Bcf/d) by 2035, with 20 Bcf/d attributed to LNG exports and 10 Bcf/d for power generation [1] - For 2026, WMB has provided an adjusted EBITDA guidance range of $8.05–$8.25 billion, indicating a 6% growth relative to 2025 at the midpoint [1] Group 2: Power Projects - WMB has announced a new 340-megawatt natural gas power project in Ohio, with a 10-year agreement expected to be operational in the second half of 2028 [1] - The company has a backlog of power opportunities that is three times the combined gigawatts of its four sanctioned projects, totaling 6 gigawatts [1] - WMB is investing over $7 billion in its power projects, which are expected to yield a 20% return based on a 5x multiple [1] Group 3: Transmission Projects - WMB currently has 13 transmission projects underway, representing 7.1 Bcf/d of capacity, and is on track to increase delivery capacity by over 20% from 2025 to 2030 [1] - The transmission backlog has grown by over 5 Bcf/d in the past year, translating to more than $3 billion in capital expenditure [1] - WMB's transmission segment, particularly the Transco pipeline, is a key asset, transporting approximately 15% of the nation's natural gas [1]

The share price of The Williams Companies, Inc. (NYSE:WMB) surged by 8.01% between February 6 and February 13, 2026, putting it among the Energy Stocks that Gained the Most This Week. The Williams Companies (WMB) Surged This Week. Here is Why The Williams Companies, Inc. (NYSE:WMB), together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. The Williams Companies, Inc. (NYSE:WMB) shot up despite reporting mixed results for Q4 2025 on February 10. The com ...

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