Every 8-K that Williams (WMB) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow WMB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WMB filings page.
WILLIAMS COMPANIES, INC. (WMB) completed a registered debt offering of $2.75 billion of senior unsecured notes, consisting of $500 million 5.000% Senior Notes due 2029, $1.0 billion 5.600% Senior Notes due 2033, $750 million 5.800% Senior Notes due 2036 and $500 million 6.400% Senior Notes due 2056.
The notes were issued under an existing base indenture and a Fourteenth Supplemental Indenture and rank equally with the company’s other senior indebtedness. Interest is payable semi-annually in cash, beginning in 2027, on date pairs specific to each series.
The notes include covenants limiting certain liens and major asset transactions and provide for customary events of default. Williams may redeem each series before specified dates at a make-whole premium, and at 100% of principal plus accrued interest on or after those dates, as described in the indenture.
Williams Companies, Inc. (WMB) has priced a $2.75 billion senior notes offering across four tranches. The company will issue $500 million of 5.000% Senior Notes due 2029, $1.0 billion of 5.600% Senior Notes due 2033, $750 million of 5.800% Senior Notes due 2036, and $500 million of 6.400% Senior Notes due 2056 in an underwritten public offering under its automatic shelf registration.
The notes are priced slightly below par, with the offering expected to settle on September 10, 2026, subject to customary closing conditions. Williams intends to use the net proceeds to repay outstanding commercial paper and for other general corporate purposes, including funding capital expenditures.
WILLIAMS COMPANIES, INC. (WMB) filed a prospectus supplement to its existing effective shelf registration statement on Form S-3, registering the resale by certain selling securityholders of up to 26,874,496 shares of its common stock, par value $1.00 per share, under the Securities Act of 1933.
The company also filed a legal opinion from Davis Polk & Wardwell LLP on the validity of these shares as Exhibit 5.1, with the related consent included as Exhibit 23.1, and an Inline XBRL cover page as Exhibit 104.
WILLIAMS COMPANIES, INC. (WMB) reports a forthcoming change on its Board of Directors. On August 17, 2026, director Michael A. Creel informed the company that he will not stand for reelection at the company’s 2027 Annual Meeting of Stockholders. He will retire from the Board when his current term expires at that meeting.
The company states that Mr. Creel’s decision is not due to any disagreement with Williams on its operations, policies, or practices. The filing also lists a Cover Page Interactive Data File (Exhibit 104) with XBRL tags embedded within the inline XBRL document.
The Williams Companies reported higher second-quarter 2026 results, raised full-year guidance and announced a large Haynesville acquisition. GAAP net income was $827 million, or $0.68 per diluted share, up 51% year-over-year. Adjusted net income was $614 million, or $0.50 per share, up 8%. Adjusted EBITDA increased 6% to $1.921 billion, and Available Funds from Operations rose 10% to $1.450 billion, supporting a 2.26x dividend coverage ratio. Cash flow from operations was $1.376 billion, down $74 million versus 2Q 2025 primarily due to Transco rate refunds.
Results benefited from higher service revenues across Transmission, Northeast G&P and West, stronger gas marketing margins, higher equity earnings and gains on the Brazos Permian II and South Mansfield divestitures, partly offset by higher operating costs, interest and taxes. Debt-to-Adjusted EBITDA was 3.67x at quarter end. Management raised 2026 Adjusted EBITDA guidance midpoint by $200 million to $8.4 billion and now expects $8.3–$8.5 billion with growth capex of $7.3–$7.9 billion.
Williams agreed to acquire Momentum Midstream in a Haynesville-focused transaction valued at up to $5.5 billion, comprising approximately $3.5 billion of cash and debt and roughly $2 billion of equity. The deal adds more than 4,000 miles of pipe, over 1 million dedicated acres and three take-or-pay pipelines with 4.05 Bcf/d capacity and is expected to be accretive to AFFO per share and earnings per share. Williams also announced the $1.5 billion Delta Access project and the Shelby Trough Connector expansion to move Haynesville supply to Gulf Coast LNG and power markets.
The Williams Companies, Inc. entered into a joint venture financing agreement for its five behind-the-meter Power Innovation projects with funds managed by Blackstone Credit & Insurance, in partnership with Apollo and KKR. Blackstone and partners will provide $5.34 billion of committed capital in exchange for a 49% noncontrolling equity interest in these projects, which include Socrates, Apollo, Aquila, Socrates the Younger and Neo.
The commitment consists of $4.4 billion, representing 49% of expected total growth capital expenditures, plus approximately $0.9 billion of additional consideration to Williams. Williams retains a 51% interest, commercial and operational control, and receives cash distributions aligned with its ownership share. Distributions above Blackstone’s targeted return reduce Blackstone’s investment balance, and Williams holds a buyout right between years 7 and 14 at Blackstone’s outstanding investment balance.
Management states that the structure supplies efficient equity capital, reduces Williams’ capital exposure and limits corporate debt, with the Blackstone investment reported as a noncontrolling interest. Williams continues to expect 2026 Adjusted EBITDA in the upper half of its $8.05–$8.35 billion range, growth capex of $7–$7.6 billion, maintenance capex of $850–$950 million, and an updated 2026 leverage midpoint of approximately 3.6x.
Williams Companies has appointed Lloyd W. “Billy” Helms, Jr. and Robb E. Turner as independent directors, effective July 1, 2026, and expanded its Board from ten to twelve members. Both are deemed independent and financially literate under NYSE and SEC standards.
Helms brings more than 40 years of oil and gas operational and leadership experience, most recently as president and chief operating officer at EOG Resources. Turner offers over 35 years in energy operations, corporate finance and energy-focused private equity investing, including co-founding ArcLight Capital Partners and leading The Madava Group and Revenant Energy.
As non-employee directors, each will receive a $130,000 annual cash retainer and a $200,000 annual equity retainer in restricted stock units, with 2026 equity awards subject to a mandatory one-year deferral from grant. With these additions, Williams’ Board now has 12 members, 11 of whom are independent.
The Williams Companies, Inc., together with subsidiaries Northwest Pipeline and Transcontinental Gas Pipe Line Company, entered into a new Second Amended and Restated Credit Agreement providing a shared revolving credit facility of up to $3.75 billion, with total commitments allowed up to $4.25 billion including an accordion feature.
The agreement runs for five years from May 19, 2026, includes up to $200 million of same-day swingline borrowings, and ties interest to ABR and Term SOFR benchmarks plus an applicable margin based on each borrower’s senior unsecured debt ratings. Key financial covenants require the Company to keep its debt to EBITDA ratio at or below 5.00x, or 5.50x for a limited period after acquisitions of at least $25 million, and require Transco and Northwest to maintain debt-to-capitalization ratios at or below 65%.
On the same date, the borrowers also entered a separate 364-Day Credit Agreement for up to $1.0 billion, with maximum commitments of $1.15 billion, similar interest-rate mechanics, and the option to convert revolving loans at maturity into term loans maturing one year later. Both agreements include customary covenants and events of default that can lead lenders to terminate commitments and accelerate repayment if triggered.
The Williams Companies reported record first-quarter 2026 results, with GAAP net income of $864 million and Adjusted EBITDA of $2.254 billion. Net income rose 25% versus 1Q 2025, while Adjusted EBITDA grew 13%, driven by higher service revenues from Transco expansions, stronger gas marketing margins and a gain on the South Mansfield upstream sale.
Cash flow from operations increased to $1.603 billion and available funds from operations reached $1.770 billion, lifting the dividend coverage ratio to 2.76x. Management indicated performance is on track for Adjusted EBITDA in the upper half of the 2026 guidance range.
The Williams Companies, Inc. reported the results of its 2026 annual stockholder meeting, where stockholders approved amendments to key equity compensation plans and routine governance items.
They approved amending the 2007 Incentive Plan to increase issuable shares from 50,000,000 to 85,000,000, remove the plan expiration date, raise the annual director equity grant limit, eliminate share recycling for tax withholding, and revise certain change in control provisions. Stockholders also approved amending the 2007 Employee Stock Purchase Plan to increase issuable shares from 5,200,000 to 7,200,000 and extend its term six years.
All ten director nominees were elected for one-year terms. Stockholders gave advisory approval to named executive officer compensation and ratified Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026.
The Williams Companies, Inc. announced that Alan S. Armstrong resigned from its Board of Directors effective March 23, 2026, to serve as a United States Senator for Oklahoma. Following his departure, Independent Lead Director and former Chairman Stephen W. Bergstrom was elected Chairman, and the Board size decreased from 12 to 11 directors.
In connection with his transition, the Compensation and Management Development Committee modified Mr. Armstrong’s 2024 and 2025 performance-based equity awards so his accelerated retirement date of March 23, 2026, would not reduce vesting credit through July 2026. He will forfeit any performance-based equity for periods after July 2026. Based on a WMB stock price of $73.60 per share on March 23, 2026 and performance at target, the estimated aggregate value of these modifications is approximately $2.8 million.
The Williams Companies reported record 2025 results driven by its natural gas infrastructure strategy. GAAP net income reached $2.615 billion, or $2.14 per diluted share, up 18% from 2024, while adjusted net income was $2.571 billion, or $2.10 per share, up 10% and 9% respectively.
Adjusted EBITDA grew 9% to $7.750 billion, supported by higher service revenues from Transco expansion projects, new Gulf volumes, stronger gathering volumes, and contributions from acquisitions. Cash flow from operations rose 19% to $5.898 billion, and available funds from operations increased 9% to $5.858 billion, producing a 2.40x dividend coverage ratio.
Management issued 2026 adjusted EBITDA guidance of $8.05–$8.35 billion, with a midpoint of $8.2 billion, about 6% above 2025. The annualized dividend was raised 5% to $2.10 for 2026, and the company plans $6.1–$6.7 billion of growth capex and $850–$950 million of maintenance capex, targeting leverage of roughly 4.0x.
The Williams Companies, Inc. completed a registered public offering of three tranches of senior unsecured notes. The company issued $500 million of 5.650% Senior Notes due 2033, $1.25 billion of 5.150% Senior Notes due 2036, and $1 billion of 5.950% Senior Notes due 2056. The new 2033 notes are an additional issuance of existing 5.650% notes that were first issued on March 2, 2023 and will trade interchangeably with the prior $750 million series.
The notes pay interest semi-annually in cash on March 15 and September 15, with the first payments in 2026 as specified for each series, and rank equally with the company’s other senior indebtedness. The indenture includes covenants limiting certain liens and major asset transactions and provides customary events of default. Williams may redeem the notes in whole or in part, using a make-whole premium before specified dates and at 100% of principal plus accrued interest on or after those dates.
The Williams Companies, Inc. entered into an underwriting agreement on January 5, 2026 for an underwritten public offering of senior notes totaling $2.75 billion. The transaction includes $500 million aggregate principal amount of 5.650% Senior Notes due 2033, $1.25 billion of 5.150% Senior Notes due 2036, and $1.0 billion of 5.950% Senior Notes due 2056. The new 2033 notes are an additional issuance to existing 5.650% notes first issued on March 2, 2023 and will trade interchangeably with the earlier $750 million of those notes.
The notes are being issued under an existing base indenture with The Bank of New York Mellon Trust Company, N.A. as trustee, supplemented by prior and new supplemental indentures. The offering has been registered under a shelf registration statement on Form S-3, with a prospectus supplement dated January 5, 2026, and is expected to close on January 8, 2026.
Transcontinental Gas Pipe Line Company, LLC, an indirect wholly owned subsidiary of The Williams Companies, Inc., completed a private placement of $1.0 billion of 5.100% Senior Notes due 2036 and $700.0 million of 5.750% Senior Notes due 2056. The notes are senior unsecured obligations ranking equally with the company’s other senior unsecured debt.
The 2036 notes were priced at 99.936% of par and the 2056 notes at 99.413% of par, with interest on both series paid in cash semi-annually on March 15 and September 15 starting March 15, 2026. The company may redeem the notes at a make-whole premium before specified dates and at 100% of principal after those dates, subject to the terms in the indenture.
Holders receive registration rights under a separate agreement, including an obligation for the company to complete an exchange offer for registered notes within 365 days after November 20, 2025, or potentially pay additional interest if it does not meet these requirements.
The Williams Companies, Inc. furnished a press release announcing its financial results for the quarter ended September 30, 2025. The materials were provided under Item 2.02 and are expressly furnished, not filed, under the Exchange Act.
The release, included as Exhibit 99.1, contains financial highlights, operating statistics, and non-GAAP reconciliation schedules. Exhibit 104 contains the cover page interactive data file. The company’s common stock trades on the NYSE under the symbol WMB.
The Williams Companies, Inc. has agreed to invest approximately $3.1 billion in two additional power innovation projects aimed at providing fast, grid-constrained power solutions. These projects are expected to be completed in the first half of 2027, assuming permits are received on time, and are supported by 10-year, primarily fixed-price power purchase agreements with a large investment-grade customer that also holds an extension option.
With these new agreements, Williams’ total committed capital to power innovation projects rises to about $5 billion. The company is increasing its 2025 growth capital spending plan by $875 million to a new range of $3.45 billion to $3.75 billion, which it expects will lift its 2025 leverage ratio midpoint to 3.7x. Williams states that its build multiple for the new projects is approximately 5x EBITDA, indicating the level of projected earnings relative to its investment.