SERVICE REVENUE GROWTH - Co said higher service revenues from projects placed in service, new Gulf volumes, higher storage revenues, and increased gathering volumes drove results
GAS MARKETING MARGINS - Higher gas marketing margins contributed to improved results
ASSET SALES AND EQUITY EARNINGS - Gains from asset sales and higher equity earnings, particularly from Blue Racer Midstream and Appalachia Midstream, supported net income growth
Acquisition and outlook
Company to acquire Momentum Midstream for up to $5.5 bln to boost Haynesville, LNG exposure
Williams raises 2026 Adjusted EBITDA guidance midpoint by $200 mln to $8.4 bln
Company expects 2026 Adjusted EBITDA between $8.3 bln and $8.5 bln
Quarterly results and earnings miss
U.S. natural gas pipeline operator's Q2 adjusted EPS missed analyst expectations
Adjusted EBITDA for Q2 rose 6% yr/yr, driven by transmission and Gulf Coast expansions
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the oil & gas transportation services peer group is "buy"
Wall Street's median 12-month price target for Williams Companies Inc is $83.00, about 16% above its July 31 closing price of $71.54
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 32 three months ago
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