Williams — Third Quarter 2026 Earnings Summary

Williams reported a 3Q 2026 GAAP net income of $699 million, representing an 8% increase from the prior year, while Adjusted EBITDA rose 6% to $2.039 billion. The company's financial performance was driven by new power generation revenues, the Momentum Midstream acquisition, and higher storage revenues, which helped keep the firm on track for the upper half of its full-year Adjusted EBITDA guidance range of $8.3 billion to $8.5 billion. Key operational milestones included the early completion of the Socrates power project and the expansion of pipeline capacity across four projects totaling 413 MMcf/d. Additionally, Williams announced a 9.4 Bcf storage expansion at Clay Basin and a 150+ MMcf/d Southeast Supply Enhancement II for Transco.