earnings
confidence high
sentiment positive
materiality 0.80
Williams Q1 net income $864M (+25% YoY); adj. EPS $0.73, record Adjusted EBITDA $2.254B
WILLIAMS COMPANIES, INC.
2026-Q1 EPS reported
$0.70
revenue$3,030,000,000
- GAAP net income $864M ($0.70 EPS), up 25% vs Q1 2025; adjusted net income $895M ($0.73 EPS).
- Adjusted EBITDA $2.254B (+13% YoY) driven by Transco expansions, new Gulf volumes, higher storage revenues.
- Cash from operations $1.603B (+12%); AFFO $1.770B (+22%); dividend coverage ratio 2.76x.
- 2026 guidance reaffirmed: Adjusted EBITDA $8.05-8.35B; growth capex raised to $7-7.6B; dividend up 5% to $2.10/yr.
- Signed customer agreement for Neo ($2.3B, 682 MW) and Atlas (164 MMcf/d) data center projects; Silver Spur expansion (275 MMcf/d).