secwatch.observer — SEC 8-K summary
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Issuer:     WILLIAMS COMPANIES, INC. (WMB)
CIK:        0000107263
Form:       8-K
Filed at:   2025-11-03T23:59:59+00:00
Accession:  0000107263-25-000143
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Williams Q3 adj. EPS $0.49 (+14% YoY), EBITDA $1.92B, reaffirms FY25 guidance, raises capex
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- GAAP net income $646M ($0.53 EPS); adjusted net income $603M ($0.49 adj. EPS), up 14% vs Q3 2024.
- Adjusted EBITDA $1.920B, up 13% vs Q3 2024; cash from ops $1.439B, up 16%.
- Reaffirmed FY25 Adj. EBITDA guidance midpoint of $7.75B; growth capex raised $500M to $3.95-$4.25B.
- Dividend raised 5.3% to $2.00 annualized; dividend coverage ratio 2.37x.
- Placed Transco expansions, Gulf deepwater projects in service; expanded Socrates by ~$400M to $2B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107263/000010726325000143/0000107263-25-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107263/000010726325000143/wmb-20251103.htm
  HTML page:      https://secwatch.observer/filing/0000107263-25-000143

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer