Williams Cos stock gains on Momentum Midstream deal

Published on 09/04/2026 at 20:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Williams Cos stock gets a fresh catalyst from the closed Momentum Midstream acquisition and a higher 2026 EBITDA outlook. The latest results also showed $3.05 billion in second-quarter revenue and $1.9 billion in adjusted EBITDA.

Erdgas-Kompressorstation im Abendlicht, Williams Companies US9694571004 — Fotorealistische Erdgas-Kompressorstation im Abendlicht symbolisiert Williams Companies (ISIN US9694571004) als führenden Midstream-Infrastrukturbetreiber in Nordamerika, Illustration mit AI erstellt.

Williams Cos stock (ISIN US9694571004) has a new catalyst after the company closed its Momentum Midstream acquisition on September 3, 2026, and lifted its 2026 adjusted EBITDA guidance to $8.3 billion to $8.5 billion. The latest second-quarter report also showed $3.05 billion in revenue, up 9.8 percent from a year earlier, and adjusted EPS of $0.50, which matched estimates.

Acquisition adds scale

According to the Business Wire report via Yahoo Finance, the transaction is valued at about $5.5 billion and includes roughly $3.5 billion in cash and debt consideration plus about $2 billion in Williams equity. The same report says Momentum adds more than 4,000 miles of pipe, over 1 million dedicated acres and 6 Bcf/d of gathering capacity.

That scale matters because the company already reported $1.9 billion of adjusted EBITDA in the second quarter of 2026, up 6 percent year over year, while cash flow from operations reached $1.4 billion and fell 5.1 percent from the prior-year quarter. For investors, the question is how quickly the new assets translate into higher segment earnings.

Guidance moved up

Zacks said the second-quarter adjusted EPS of $0.50 missed the consensus estimate of $0.52, even as revenue came in at $3.05 billion and adjusted EBITDA reached $1.9 billion. The same report also said Williams now expects full-year 2026 adjusted EBITDA of $8.3 billion to $8.5 billion and growth capex of $7.3 billion to $7.9 billion.

The comparison is clear: year-over-year revenue rose 9.8 percent, while adjusted EBITDA increased 6 percent. A first.

Go deeper

Momentum Midstream changes the earnings mix

The new assets add long-haul pipe, processing capacity and more fee-based volume as the company guides 2026 EBITDA higher.

Trading view

The stock was quoted at $74.11 on September 4, 2026, with a market capitalization of $90.65 billion, according to MarketBeat. The same source listed a consensus Buy rating and an average price target of $85.60.