Quarterly ResultMay 4, 2026, 04:24 PM
Williams Reports Record Q1 Net Income $864M, Adj. EBITDA $2.25B
AI Summary
Williams Companies, Inc. announced record first-quarter 2026 financial results, with GAAP net income increasing 25% to $864 million and Adjusted EBITDA growing 13% to $2.254 billion. The company's natural gas-focused strategy drove strong performance, supported by expansion projects and higher gathering volumes. Williams also advanced several key infrastructure projects and increased its annualized dividend by 5% to $2.10.
Key Highlights
- GAAP Net Income $864 million, up 25% YoY from $690 million.
- Adjusted EBITDA $2.254 billion, up 13% YoY from $1.989 billion.
- Available Funds from Operations (AFFO) $1.770 billion, up 22% YoY.
- Dividend coverage ratio 2.76x (AFFO basis).
- Signed customer agreement for Neo, a $2.3 billion power innovation project.
- Upsized Transco's Power Express project capacity to 750 MMcf/d.
- Transmission, Power & Gulf Adjusted EBITDA $1.010 billion, up $148 million.
- Reaffirmed 2026 Adjusted EBITDA guidance of $8.05 billion to $8.35 billion.