Williams to invest ~$1.6B in onsite power generation for large customer; raises capex guide

WILLIAMS COMPANIES, INC.

Investing ~$1.6B in committed power generation and gas pipeline infrastructure; completion expected H2 2026.
10-year, primarily fixed-price power purchase agreement with extension option; build multiple ~5x EBITDA.
2025 growth capex raised by $925M to $2.575B-$2.875B; leverage ratio midpoint expected at 3.65x.
First power innovation project to deliver speed-to-market solutions in grid-constrained markets.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.