earnings
confidence high
sentiment positive
materiality 0.80
Williams reports record 2025 adjusted EBITDA $7.75B, raises dividend 5%, guides 2026 EBITDA $8.05-8.35B
WILLIAMS COMPANIES, INC.
2025-FY EPS reported
$2.14
revenue$11,950,000,000
- GAAP net income $2.615B ($2.14 EPS), up 18% YoY; adjusted net income $2.571B ($2.10 EPS), up 9%.
- Adjusted EBITDA $7.75B, up 9% YoY; cash from operations $5.898B, up 19%.
- Dividend raised 5% to $2.10 annualized; 52 consecutive years of payments; coverage ratio 2.40x.
- 2026 adjusted EBITDA guidance $8.05-8.35B (midpoint $8.2B, up 6% vs. 2025); growth capex $6.1-6.7B.
- Completed 12 projects in 2025; announced new power innovation project Socrates the Younger.