---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-301533"
form_type: "8-K"
ticker: "WMB"
cik: "0000107263"
company_name: "WILLIAMS COMPANIES, INC."
filed_at: "2026-07-13T13:20:07+00:00"
generated_at: "2026-07-13T13:21:07.743533+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Williams announces $5.34B joint venture with Blackstone, Apollo, KKR for Power Innovation projects

## Summary
- Blackstone-led group invests $5.34B for 49% noncontrolling interest in five behind-the-meter power projects; Williams retains 51% and operational control.
- Commitment includes $4.4B for growth capex and ~$0.9B additional consideration to Williams.
- Williams reaffirms 2026 Adjusted EBITDA guidance in upper half of $8.05-$8.35B range; leverage ratio midpoint ~3.6x.
- Williams has buyout right between years 7 and 14 at Blackstone's outstanding investment balance, preserving long-term upside.
- Transaction reduces Williams' capital exposure and limits corporate debt; structure designed to enhance project returns.

## SEC filing metadata
- accession: 0001193125-26-301533
- form_type: 8-K
- ticker: WMB
- cik: 0000107263
- company_name: WILLIAMS COMPANIES, INC.
- filed_at: 2026-07-13T13:20:07+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/107263/000119312526301533/0001193125-26-301533-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/107263/000119312526301533/d152507d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-301533
- JSON: https://secwatch.observer/filing/0001193125-26-301533.json
- Plain text: https://secwatch.observer/filing/0001193125-26-301533.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.