Williams Companies, Inc. (The)NYSE: WMB
Energy · Oil & Gas Storage & Transportation
$72.67
+1.99%
Vol: 5.5M
Research Digest
Thursday, June 18, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours. The June 12 dividend record date was routine, and the dividend increase and Q1 results predate the window.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Williams Companies executive sells 12,000 shares while analysts raise price targets on AI data center natural gas demandPositive▶
On May 15, Williams EVP & COO Larry C. Larsen sold 12,000 shares valued at $917,760. Multiple analysts have raised price targets following strong Q1 2026 results: TD Cowen to $87 from $81, Stifel to $83 from $78, Jefferies to $87 from $83, and Morgan Stanley to $98 from $90 with an Overweight rating. The company posted record Q1 results with $864M GAAP net income (up 25% YoY) and adjusted EBITDA of $2.254B (up 13%), while raising its dividend 5% to $0.525 quarterly. New power deals have boosted power spending to $9.6B for 2025-28, positioning Williams to benefit from rising natural gas demand for AI data centers.
May 20Williams reported record Q1 net income, raised the dividend 5%, and got TD Cowen, Stifel and Jefferies price-target upgrades on May 7.Positive▶
On May 4, 2026, Williams reported record Q1 2026 results: revenue of $3.03B and net income of $864M (up 25% YoY), with adjusted EBITDA of $2.254B (up 13%) and basic EPS of $0.71. The board raised the quarterly dividend 5% to $0.525/share ($2.10 annualized), payable June 29. Growth was driven by Transco pipeline expansion (higher tariffs, throughput, Gulf of Mexico output), new data center power deals lifting 2025-28 power spending to $9.6B at a guided 5x EBITDA build multiple, and portfolio streamlining. Analyst price targets were raised on May 7: TD Cowen to $87 from $81, Stifel to $83 from $78, and Jefferies to $87 from $83. EVP & COO Larry C. Larsen sold 12,000 shares worth ~$918K on May 15. Shares are up ~28% YTD with a fully contracted project backlog extending beyond 2030.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Williams Cos. EVP & COO Larry Larsen sold 12,000 shares at $76.485 (~$917,760) on May 15, 2026, while TD Cowen, Stifel, and Jefferies raised price targets to $87, $83, and $87 respectively on positive Q1 2026 earnings momentum and power deal expansion.Positive▶
Williams Companies executive Larry C. Larsen disclosed a Form 4 insider sale of 12,000 shares at $76.485 per share on May 15, 2026, totaling roughly $917,760. The move followed strong Q1 2026 results ($3.03B revenue, $865M net income, $0.71 EPS) and a 5% dividend hike to $0.525/share. Two new power deals announced earlier in the month boosted incremental power-related capex to $9.6B for 2025-28, prompting BofA to lift its target to $87 and Morgan Stanley to $90. Why it matters: confirms strong analyst conviction in WMB's natural-gas-to-power growth thesis tied to data center demand. Bear case: insider selling near 52-week highs and a 22.1% margin profile may signal limited near-term upside if power deal economics disappoint.
May 15Scotiabank raised Williams Companies' PT to $86 and UBS to $91 on May 12 amid major data center power expansion push and record Q1 results.Positive▶
Williams Companies received multiple analyst upgrades on May 12, 2026 with Scotiabank raising its price target to $86 from $85 and UBS to $91 from $89. Recent Q1 2026 results showed record adjusted EBITDA of $2.25B (+13%), adjusted EPS of $0.73 beating estimates, and a 5% annual dividend hike to $2.10. Williams advanced three major new expansion projects—Neo (682 MW), Atlas, and Silver Spur—and raised growth CapEx midpoint to $7.3B. The data center power solutions portfolio now includes $9.6B in projects under execution plus $6B in backlog. Strong Buy consensus from 18 analysts, with shares around $77.
May 14Williams Companies trading at $75.71 after Raymond James and Citi raised price targets following Q1 2026 EPS beat and 5% dividend hikePositive▶
Williams Companies reported record Q1 2026 results on May 4 with adjusted EPS of $0.73 (up 22% YoY) and adjusted EBITDA of $2.254 billion (up 13% YoY), though revenue of $3.03B fell short of expectations. The board raised the quarterly dividend 5% to $0.525 ($2.10 annualized), payable June 29 to holders of record June 12. On May 8, Raymond James raised its price target to $80 from $78 and Citi raised to $83 from $81. The company also broke ground on the Northeast Supply Enhancement (NESE) project at Floyd Bennett Field in Brooklyn and announced two new power-related deals boosting power capex to $9.6B for 2025-28. The bear case is revenue softness and growing capex commitments.
May 13Williams Companies announces two new power deals and raises EBITDA targets; UBS lifts price target to $91 citing $1.93B upside from project pipeline.Positive▶
Williams announced two new power deals lifting power spending to $9.6B for 2025-28 while maintaining the guided 5x EBITDA build multiple, sending shares up roughly 2%. The company also set a new 10%+ EBITDA CAGR target through 2030 and expanded its power innovation platform to $7.3B with $1.4B expected annual EBITDA by 2029. UBS raised its target to $91 from $89 (Buy), estimating announced projects (Socrates, Atlas, Apollo, Aquila, Socrates the Younger, Neo) could add $1.93B in EBITDA - a 28% increase over the $6.82B LTM base. Williams also broke ground on the Northeast Supply Enhancement (NESE) project at Floyd Bennett Field. Q1 adjusted EPS was $0.73 (beat), revenue $3.03B, and the company raised the quarterly dividend 5% to $0.525.
May 12Williams reports record Q1 2026 with Adj EBITDA $2.25B (+13%), raises 2026 guidance and lifts dividend 5% to $0.525 amid Transco/NESE expansion.Positive▶
Williams reported record Q1 2026 results on May 4: GAAP net income $864M ($0.70 EPS, +25% YoY), adjusted net income $895M ($0.73 Adj EPS, +22%), and adjusted EBITDA $2.254B (+13% YoY) driven by Transco expansions, new Gulf volumes, higher storage revenues and asset sales. Adj EPS of $0.73 beat consensus $0.63. Williams raised 2026 Adj EBITDA guidance to $8.05-$8.35B, Adj EPS to $2.20-$2.38, and AFFO to $6.085-$6.315B. The board approved a 5% dividend increase to $0.525/share quarterly ($2.10 annualized), payable June 29. Major project advances include NESE Brooklyn groundbreaking, SESE construction start, Aristotle pipeline commissioning, and new Neo, Atlas, Silver Spur and upsized Power Express projects, lifting power capex to $9.6B for 2025-28. Multiple analysts raised PTs (Raymond James $80, Citi $83, TD Cowen $87, Jefferies $87). Risk: permitting and construction execution.
May 11No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| WMBWILLIAMS | $72.67 | +1.99% | -10.3% | 27.8x | 0.60 | $87.1B |
| KMIKINDER | $31.51 | +0.56% | -8.7% | 20.8x | 0.54 | $69.7B |
| TRGPTARGA | $258.90 | -0.71% | -5.6% | 21.2x | 0.71 | $56.0B |
| OKEONEOK | $84.59 | -1.16% | -10.1% | 13.8x | 0.71 | $53.9B |
| XOMEXXON | $137.23 | -2.49% | -13.4% | 13.2x | 0.15 | $583.4B |
| CVXCHEVRON | $172.86 | -2.66% | -10.0% | 14.1x | 0.47 | $353.7B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price between 50d and 200d. Testing 50d support.