Williams Completes $5.5 Billion Acquisition of Momentum Midstream
Williams has completed its acquisition of Momentum Midstream for approximately $5.5 billion, significantly expanding the company's presence in the Haynesville natural gas basin. The deal includes around $3.5 billion in cash and debt consideration and about $2 billion in Williams equity. Momentum brings over 4,000 miles of pipeline infrastructure, more than a million dedicated acres, and substantial gathering capacity to support growing Gulf Coast LNG export facilities and industrial demand. The acquisition is expected to enhance Williams' earnings per share and available funds from operations per share. The company also raised its adjusted EBITDA guidance for 2026 by $200 million to reflect the transaction's impact. Haynesville production has been increasing, with a projected rise of about 9% in full-year output due to strong demand near Gulf Coast terminals and industrial consumers. Williams' CEO emphasized that this acquisition strengthens its strategy of linking major natural gas supply basins with key demand centers such as LNG export facilities and power generation. The deal was announced on August 3, 2026, and closed just one month later.
