Williams Stock Price, News & Analysis

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).

Williams (NYSE: WMB) has achieved significant recognition for its sustainability leadership across multiple prestigious indices. The company has been included in the Dow Jones Sustainability Index (DJSI) North America for the fifth consecutive year and the DJSI World index for the fourth consecutive year. Williams secured the top score in the 2024 Corporate Sustainability Assessment for North American Oil & Gas Storage & Transportation industry.

Notable achievements include receiving an 'A-' score on the 2024 CDP Climate Change Questionnaire and an upgrade to 'AA' from 'A' by MSCI. The company also maintained a GRESB Public Disclosure Level A score for 2024, ranking first within U.S. Energy and Water Resources Comparison Group.

CEO Alan Armstrong emphasized that natural gas plays a important role in transitioning to a low-carbon future, highlighting Williams' commitment to sustainable operations, emissions transparency, reduction, and continuous improvement as one of the nation's largest natural gas infrastructure companies.

Williams (NYSE: WMB) has announced a 5.3% increase in its quarterly dividend to $0.50 per share ($2.00 annualized), up from the previous quarter's $0.4750 per share. The dividend will be payable on March 31, 2025, to shareholders of record as of March 14, 2025. A portion of this distribution may be classified as a return of capital for tax purposes. The company has maintained its track record of paying quarterly dividends consistently since 1974, demonstrating a long-standing commitment to shareholder returns.

Williams (NYSE: WMB) announced that the Federal Energy Regulatory Commission (FERC) has reinstated the certificate for Transco's Regional Energy Access Expansion (REA) project. The reinstatement takes effect immediately upon the D.C. Circuit Court of Appeals' mandate issuance.

The REA project will provide important gas supplies to New Jersey, New York, Pennsylvania, and Maryland, with capacity to serve approximately 4.4 million homes annually. The announcement comes as Transco achieved a new all-time peak day on Jan. 23, 2025, with a total volume of 19.17 Bcf/d, driven by frigid temperatures and normal power and industrial sector demand.

Williams (NYSE: WMB) has announced it will release its fourth-quarter and full-year 2024 financial results after market close on February 12, 2025. The company will host a conference call and webcast with analysts and investors on February 13, 2025, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).

Participants wanting to join the call by phone must register through a provided link. 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 announced the pricing of a $1.5 billion senior notes offering, consisting of two tranches: $1.0 billion of 5.600% Senior Notes due 2035 at 99.843% of par and $500 million of 6.000% Senior Notes due 2055 at 99.330% of par.

The offering's settlement is expected on January 9, 2025, subject to customary closing conditions. The company plans to use the net proceeds to repay commercial paper, near-term debt maturities, and other general corporate purposes. Deutsche Bank Securities, J.P. Morgan Securities, Mizuho Securities USA, and Morgan Stanley & Co. are serving as joint book-running managers for the offering.

Williams (NYSE: WMB) has fully activated the Southside Reliability Enhancement project, expanding Transco's pipeline capacity in North Carolina and Virginia. The expansion adds 423,400 dekatherms per day of contracted capacity, serving over 2 million homes. The project comes online during peak demand, with Transco achieving an all-time peak of 17.77 million dekatherms on December 22.

The enhancement includes a new electric compressor station in Mecklenburg County, VA, additional compression at Station 166 in Pittsylvania County, VA, and upgrades to meter stations in North Carolina. The expansion increases Transco's system-design capacity to 19.9 million dekatherms per day. The project maximized existing infrastructure to minimize environmental impact while meeting growing demand for natural gas in the Carolinas.