Williams Stock Price, News & Analysis

Williams (WMB) reported strong Q1 2025 financial results, with GAAP net income rising 9% to $690 million ($0.56 per share) and Adjusted EBITDA increasing 3% to $1.989 billion compared to Q1 2024. The company raised its 2025 Adjusted EBITDA guidance midpoint by $50 million to $7.7 billion. Cash flow from operations grew 16% to $1.433 billion.

Key achievements include commercializing Socrates, a $1.6 billion Power Innovation project for AI demand in Ohio, and announcing Transco's Power Express expansion, a 950 MMcf/d project for Virginia. The company achieved a credit upgrade to BBB+ from S&P and placed several projects into service, including Texas to Louisiana Energy Pathway and Southeast Energy Connector.

Williams increased its annual dividend by 5.3% to $2.00 per share for 2025 and maintains a strong dividend coverage ratio of 2.37x.

Williams (NYSE: WMB) has announced a quarterly dividend increase of 5.3%, raising the payment to $0.50 per share from the previous $0.4750. The new dividend, which amounts to $2.00 on an annualized basis, will be payable on June 30, 2025, to shareholders of record as of June 13, 2025.

This dividend declaration marks a significant milestone in Williams' history of consistent shareholder returns, as the company has maintained uninterrupted quarterly dividend payments since 1974. Investors should note that a portion of this distribution may be classified as a return of capital for tax purposes, with detailed information available through Williams' investor relations website.

Williams (NYSE:WMB) has announced the appointment of Larry Larsen as Executive Vice President and Chief Operating Officer (COO), effective May 3, 2025. Larsen, currently serving as Senior Vice President of Gathering and Processing, will succeed Micheal Dunn, who announced his retirement last month.

Larsen brings over 25 years of experience with Williams, having joined the company in 1999. His career progression includes leadership roles in Northwest Pipeline franchise, Central Services, Rocky Mountain Midstream franchise, and Strategic Development. In his current role since 2022, he oversees all onshore G&P, NGL transmission, storage and fractionation businesses.

CEO Alan Armstrong highlighted Larsen's deep understanding of Williams' operations and natural gas focused strategy as key factors in the appointment, emphasizing the importance of maintaining leadership continuity and advancing the company's long-term growth strategy.

Williams (NYSE: WMB) is launching its fourth annual Volunteer Week from April 20 to 26, with employees participating in over 100 community service projects across 17 states. The initiative includes activities such as stocking food pantries, park cleanups, assembling care packages, and teaching financial literacy and STEM skills.

The company's commitment to community service is reflected in their 2023 performance, where employees contributed 32,668 volunteer hours in various roles including youth mentors, coaches, nonprofit board members, and volunteer firefighters. Additionally, Williams distributed $13.6 million in grants to more than 2,100 organizations across 50 states, DC, and Canada.

Williams (NYSE: WMB) has scheduled the release of its first-quarter 2025 financial results for Monday, May 5, 2025, after market close. The company will host an earnings conference call and webcast with analysts and investors on Tuesday, May 6, 2025, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).

Interested participants must pre-register through the provided link to join the call by phone. A webcast link will be available on Williams' Investor Relations website, with a replay accessible for at least 90 days following the event.

Williams (NYSE: WMB) has successfully commissioned two major Transco pipeline expansions: the Southeast Energy Connector in Alabama and the Texas to Louisiana Energy Pathway along the Gulf Coast. The projects add significant capacity to meet growing energy demand in the Southeast region.

The Texas to Louisiana Energy Pathway expands capacity by 364 million cubic feet per day (MMcf/d) to support Gulf Coast energy infrastructure and LNG exports. The Southeast Energy Connector provides 150 MMcf/d of natural gas capacity to support Alabama's transition from coal to natural gas power generation.

The Transco pipeline system recently achieved record-breaking transmission volumes, recording 19 of its 20 highest-volume days this past winter. With these expansions, Transco's system-design capacity now exceeds 20 Bcf/d, transporting approximately 20% of U.S. natural gas production through its 10,000-plus-mile network from South Texas to New York City.

Williams (NYSE: WMB) announced that Executive Vice President and Chief Operating Officer Micheal Dunn will retire effective May 2, 2025. During his tenure, Dunn transformed Williams from distinct business units into a cohesive operating company, emphasizing operational discipline and safety.

Under Dunn's leadership, Williams completed major infrastructure projects including Atlantic Sunrise, Regional Energy Access, and multiple expansion projects along Transco, Northwest Pipeline and in the Deepwater Gulf. He focused on regulatory compliance and optimizing operations to enhance Williams' competitive advantage in its natural gas-focused strategy.

Dunn initially joined Williams in 1988, spending 14 years in its gas pipeline business before holding leadership positions at Kern River and PacificCorp Energy. He rejoined Williams in 2017 after serving as President of Questar Pipeline. The company has begun the process to identify a successor.

Williams (NYSE: WMB) executives will participate in the 43rd annual CERAWeek conference in Houston from March 10-14, 2025. CEO Alan Armstrong will join a plenary session on Global Gas markets on March 12, discussing energy security, U.S. LNG growth, and data center demand impacts.

Several other Williams executives will contribute to key sessions: Chad Zamarin will address infrastructure scaling challenges; Jaclyn Presnal will discuss power sources for data centers; and Mark Gebbia will explore academia-industry partnerships for emissions solutions. Additionally, Chad Zamarin will represent Williams at the South by Southwest Festival in Austin on March 10, participating in a panel about next-generation leadership.

Williams (NYSE: WMB) reported strong financial results for 2024, achieving record Adjusted EBITDA of $7.08 billion, up 4.4% from 2023. The company posted GAAP net income of $2.222 billion ($1.82 per diluted share) and Adjusted net income of $2.347 billion ($1.92 per diluted share).

Key achievements include record contracted transmission capacity of 33.4 Bcf/d (up 3.4% from 2023), successful completion of multiple Transco expansions, and strategic acquisitions including Rimrock's DJ gathering system. The company raised its 2025 Adjusted EBITDA guidance midpoint by 3% to between $7.45-$7.85 billion, projecting a 5-year CAGR of 8% through 2025.

Williams increased its dividend by 5.3% to $2.00 annualized, maintaining its quarterly dividend streak since 1974. The company achieved a leverage ratio of 3.79x in 2024 and demonstrated strong dividend coverage at 2.32x (AFFO basis).