secwatch.observer — SEC 8-K summary
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Issuer:     WILLIAMS COMPANIES, INC. (WMB)
CIK:        0000107263
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0000107263-26-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Williams Q1 net income $864M (+25% YoY); adj. EPS $0.73, record Adjusted EBITDA $2.254B
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107263/000010726326000015/0000107263-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107263/000010726326000015/wmb-20260504.htm
  HTML page:      https://secwatch.observer/filing/0000107263-26-000015

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