Williams Cos stock: Goldman Sachs sees 12% EBITDA growth

Published on 11/13/2026 at 16:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Williams Cos stock gets a fresh Goldman Sachs endorsement, with the bank rating it Buy. The brokerage expects power-project investment decisions before year-end.

Goldman backs Williams growth outlook

Goldman Sachs rates Williams Companies Buy after its third-quarter update.
The brokerage expects final investment decisions on power projects before year-end.
Contracted gas infrastructure and data-center demand remain central to the growth case.

Williams Cos, US9694571004, Illustration mit AI erstellt.

Goldman Sachs kept a Buy rating on Williams Companies after the gas pipeline operator's third-quarter update, according to a Yahoo Finance report published Friday, November 13, 2026. The brokerage expects Williams' EBITDA to grow about 12 percent a year from 2025 through 2030.

Power projects remain the catalyst

Goldman said projects already approved could account for about 11 percent annual EBITDA growth, even assuming only modest additional project wins. It also expects final investment decisions on Williams power projects before the end of 2026.

The outlook is tied to demand from utilities and large data-center operators. Goldman said the pipeline sector benefits from a high share of contracted business and limited near- to medium-term earnings exposure to projects still awaiting final approval.

Execution risks stay in focus

The brokerage also flagged risks around projects awaiting approval, including uncertainty over data-center power demand and the permitting environment after the recent US elections. Permitting reform could improve project returns and reduce execution risk, while the sector's starting valuations remain a consideration for investors.

Current Williams share price

Williams Cos stock traded at 62.40 euros on Lang & Schwarz at 16:31 CET on Friday, November 13, 2026, 1.67 percent below the Xetra close of Thursday, November 12, at 63.46 euros. The move is a market snapshot and does not establish a direct link to the Goldman assessment.