secwatch.observer — SEC 8-K summary
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Issuer:     WILLIAMS COMPANIES, INC. (WMB)
CIK:        0000107263
Form:       8-K
Filed at:   2026-02-10T23:59:59+00:00
Accession:  0000107263-26-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Williams reports record 2025 adjusted EBITDA $7.75B, raises dividend 5%, guides 2026 EBITDA $8.05-8.35B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107263/000010726326000003/0000107263-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107263/000010726326000003/wmb-20260210.htm
  HTML page:      https://secwatch.observer/filing/0000107263-26-000003

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