Williams to buy Momentum Midstream for $5.5 billion

Aug. 3 (Reuters) - Williams said on Monday it would buy Momentum Midstream for $5.5 billion and lift its full-year profit outlook, expanding its natural gas network in the Haynesville shale to serve growing Gulf Coast liquefied natural gas and power demand.

The pipeline operator said the deal is valued at up to $5.5 billion, made up of about $3.5 billion in cash and debt consideration and roughly $2 billion in Williams equity.