Williams stock: Record EBITDA keeps growth projects in focus
Published on 11/11/2026 at 17:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWilliams expands its growth runway
- Third-quarter adjusted EBITDA reached a record as transmission, power, storage and gathering operations strengthened.
- Management maintained its 2026 outlook while tracking toward the upper half of the adjusted EBITDA range.
- Momentum Midstream, Transco expansions and the Socrates power project support the next phase of contracted growth.
The Williams Companies reported record third-quarter adjusted EBITDA on November 2, while maintaining its 2026 financial outlook. The company said its results for the three and nine months ended September 30 showed stronger operations across transmission, power, storage and gathering.
Williams stock traded at 62.00 euros on Lang & Schwarz at 17:02 CET on Wednesday, November 11, 2.67 percent above the Xetra close of Tuesday, November 10, at 60.39 euros.
Record quarter supports guidance
According to the Williams investor release, adjusted EBITDA rose 6 percent to 2.039 billion US dollars from 1.920 billion US dollars a year earlier. Adjusted net income increased to 663 million US dollars, or 0.54 US dollars per diluted share, while operating cash flow reached 1.505 billion US dollars.
Williams continues to expect 2026 adjusted EBITDA of 8.3 billion to 8.5 billion US dollars and growth capital spending of 7.3 billion to 7.9 billion US dollars. After the first nine months, management said performance was tracking toward the upper half of the EBITDA range. The leverage midpoint remains about 3.75 times.
Projects add contracted capacity
The company closed its Momentum Midstream acquisition and said the deal strengthens its position in the Haynesville basin. Williams also announced a 9.4 billion-cubic-foot Clay Basin storage expansion, more than 150 million cubic feet per day of contracted capacity through Southeast Supply Enhancement II and an 84 million-cubic-foot-per-day increase for Garden Connector.
Four pipeline projects entered service during the quarter, adding 413 million cubic feet per day of capacity. The Plato North phase of the Socrates power project was on track to enter service by mid-November. These projects broaden Williams' exposure to demand from liquefied natural gas, power generation and industrial customers, although execution and capital deployment remain important to the longer-term growth case.
What has changed since the last report
The Lang & Schwarz quote has moved from 59.20 euros in the November 5 report to 62.00 euros at 17:02 CET on November 11, a 4.73 percent increase. The move is separate from the company's operating results and does not establish a causal link.
Williams Companies at a glance
- Company: The Williams Companies, Inc.
- ISIN: US9694571004
- Ticker: WMB
- Home exchange: New York Stock Exchange
- Lang & Schwarz quote: 62.00 euros at 17:02 CET on November 11, 2026
- Change versus prior Xetra close: 2.67 percent
- Xetra close: 60.39 euros on November 10, 2026
- 2026 adjusted EBITDA outlook: 8.3 billion to 8.5 billion US dollars
Broader investor sentiment for US equities can be followed through the S&P 500 market environment.
More news and analyses on Williams stock cover further operating updates, project milestones and earnings developments.
