Williams Stock Price, News & Analysis

Williams (NYSE: WMB) subsidiary Transcontinental Gas Pipe Line Company priced a private offering of senior notes totaling $1.7 billion on November 5, 2025. The offering includes $1.0 billion of 2036 notes at a 5.100% coupon (priced 99.936; yield 5.109%) and $700 million of 2056 notes at a 5.750% coupon (priced 99.413; yield 5.792%).

Delivery of each series is scheduled for November 20, 2025, subject to customary closing conditions. Transco intends to use net proceeds to redeem $1.0 billion of its 7.850% senior notes due 2026 and pay related fees; any excess proceeds will fund general corporate purposes, possibly including repayment of other near-term debt.

Williams (NYSE: WMB) subsidiary Transcontinental Gas Pipe Line Company, LLC announced on November 5, 2025 a private offering of senior notes to certain institutional investors under exemptions to the Securities Act.

Transco intends to use net proceeds to redeem $1.0 billion aggregate principal of its 7.850% Senior Notes due 2026 and to pay related fees and expenses; any excess proceeds may be used for general corporate purposes, including repayment of other near-term debt maturities. The offering is not registered and will be sold only by private offering memorandum where lawful.

Williams (NYSE: WMB) announced a quarterly cash dividend of $0.50 per share (annualized $2.00), payable on Dec. 29, 2025 to holders of record at the close of business on Dec. 12, 2025. This represents a 5.3% increase versus the 2024 quarterly dividend of $0.4750 per share. The company noted that some portion of the distribution may be treated as a return of capital for tax purposes. Williams has paid a common stock dividend every quarter since 1974.

Woodside (ASX:WDS) and Williams have closed a strategic partnership for the Louisiana LNG project, effective 1 January 2025. Woodside sold a 10% interest in Louisiana LNG HoldCo and an 80% interest and operatorship of Driftwood Pipeline (PipelineCo) to Williams for a purchase price of US$250 million, receiving total proceeds of $378 million including capital reimbursement. Williams will contribute approximately $1.9 billion of capital expenditure, assume 1.6 Mtpa of LNG offtake (including ~1.5 Mtpa under an SPA), and operate the Line 200 pipeline via its Sequent platform. Woodside’s Louisiana LNG capex is revised to $9.9 billion from $11.8 billion; HoldCo remains consolidated while PipelineCo will be deconsolidated and recorded as an equity investment.

Williams (NYSE: WMB) announced a set of transactions to advance its wellhead to water strategy. Williams agreed to sell its minority interest in South Mansfield upstream to JERA for $398 million plus deferred monthly payments through 2029, with closing expected by the end of 2025 and subject to Committee for Foreign Investment in the United States approval. Williams will continue to gather South Mansfield volumes and expand gathering capacity, increasing volume commitments to its Louisiana Energy Gateway (LEG) system.

Williams also entered a strategic partnership with Woodside Energy to acquire 80% of Driftwood Pipeline LLC and a 10% interest in Louisiana LNG LLC, with a 1.5 mtpa LNG offtake obligation. Total expected Williams investment is approximately $1.9 billion for pipeline and LNG development; Woodside remains majority owner and operator of Louisiana LNG.

Williams (NYSE: WMB) will announce third-quarter 2025 financial results after market close on Monday, Nov. 3, 2025.

The company's earnings conference call and webcast with analysts and investors is scheduled for Tuesday, Nov. 4, 2025 at 9:30 a.m. ET (8:30 a.m. CT). Phone participants must register via the provided registration link and a webcast link will be posted on Williams’ Investor Relations website. A replay of the webcast will be available on the website for at least 90 days after the event.

Williams (NYSE: WMB) announced that President and CEO Chad Zamarin and CFO John Porter will attend the 2025 Barclays CEO Energy-Power Conference in New York City. Zamarin will deliver a presentation on Tuesday, September 2, at 1:50 PM ET.

Investors can access the live webcast and presentation slides through Williams' investor relations website at https://investor.williams.com before the event.

Williams (NYSE: WMB) reported strong Q2 2025 financial results, with GAAP net income of $546 million ($0.45 per share) and Adjusted EBITDA of $1.808 billion, up 8% year-over-year. The company raised its full-year 2025 Adjusted EBITDA guidance midpoint by $50 million to $7.75 billion.

Key operational achievements include placing multiple projects into service: Texas to Louisiana Energy Pathway, Southeast Energy Connector, Ballymore and Shenandoah deepwater expansions, and Louisiana Energy Gateway. Williams also acquired Saber Midstream in the Haynesville region and broke ground on Socrates, a $1.6 billion Power Innovation project for AI infrastructure.

The company's strong performance was driven by Transco expansions, new Gulf volumes, and higher gathering and processing volumes in the Northeast and West segments. Williams increased its dividend by 5.3% to $2.00 annually and maintains a healthy dividend coverage ratio of 2.16x.