Williams Reports Q3 2026 Earnings Growth Driven by Expansion Projects and Acquisitions
Williams (WMB) reported strong third-quarter 2026 financial results, highlighted by a 6% year-over-year increase in Adjusted EBITDA to $2.04 billion. The company's growth was primarily fueled by strategic expansion projects, natural gas storage increases, and the recent $2.82 billion acquisition of Momentum Midstream assets. Non-GAAP EPS rose 10% to $0.54 compared to the previous year. Operational performance showed significant volume increases across key segments, including the Transco system and West gathering volumes. Despite the capital intensity of its growth strategy—with full-year growth capital expenditures guided at $7.3 billion to $7.9 billion—the company maintained a healthy dividend coverage ratio of 2.42x on an AFFO basis. Management noted that performance is currently tracking toward the upper end of their full-year Adjusted EBITDA guidance.
Tickers: $WMB
Topics: Acquisitions Adjusted EBITDA Available Funds from Operations Dividend Coverage Ratio Non-GAAP EPS