Williams Companies, Inc. (The)NYSE: WMB
Energy · Oil & Gas Storage & Transportation
$75.66
-0.85%
Vol: 3.5M
Research Digest
Friday, May 1, 2026
Williams approves 5% dividend increase to $0.525/share; Q1 2026 earnings May 4 with $0.65 EPS expected.
Williams Companies approved 5% quarterly dividend increase to $0.525 per share ($2.10 annualized) payable June 29, 2026. Q1 2026 financial results May 4 after market close, with expected EPS of $0.65 (+8.3% YoY) and revenue $3.34B (+9.7% YoY). Marked official start of construction on Northeast Supply Enhancement (NESE) project. CEO Chad Zamarin noted Constitution natural gas pipeline could be operational by end of 2027. Strongly positive analyst sentiment with 18 analysts rating Strong Buy at $77.41 PT.
Previous Market Intelligence
13 daysApr 30Williams Companies approved 5% dividend hike to $0.525/share (annualized $2.10); commenced Northeast Supply Enhancement construction.Positive▶
Williams Companies' board approved 5% dividend increase to $0.525 per share (annualized $2.10) on April 28. Company marked official start of Northeast Supply Enhancement (NESE) project construction with Brooklyn groundbreaking on April 14, adding 400,000 dekatherms/day natural gas capacity across PA/NJ/NY by late 2027. Executive Board Chair Alan Armstrong resigned to accept Senate appointment; Stephen Bergstrom returned as Chairman. Transco subsidiary launched $1.7B senior notes exchange offer. Q1 2026 earnings due May 4 with Wall Street consensus of $0.64-0.65 EPS.
Apr 16Williams Companies Chair Alan Armstrong resigns to accept U.S. Senate appointmentNeutral▶
Williams Companies Chair Alan S. Armstrong resigned from Board to accept a U.S. Senate appointment, with Stephen W. Bergstrom returning as Chairman. Board approved regular dividend of $0.525/share ($2.10 annualized), reflecting ongoing shareholder support. Company reported unaudited Q4 2025 results with revenue of $3.2B and reaffirmed full-year 2026 adjusted EPS guidance of $2.20-$2.38. Subsidiary Transco launched $1.7B senior notes exchange offer. Williams broke ground on Northeast Supply Enhancement Transco pipeline expansion in Brooklyn. RBC Capital raised price target citing power demand outlook.
Apr 15Williams Companies announced Q1 2026 results due May 4 following record 2025 EBITDA of $7.75B, 5% dividend increase, and NESE pipeline groundbreaking.Positive▶
The Williams Companies reported record adjusted EBITDA of $7.75B for 2025 and issued 2026 guidance of $8.20B, supported by new pipeline projects including the Northeast Supply Enhancement groundbreaking. The company announced a 5% dividend increase to $0.525 per share and FY2026 EPS guidance of $2.20-$2.38. Three April analyst upgrades: Jefferies to $83, RBC to $82, Scotiabank to $85.
Apr 14Williams Companies chairman Armstrong resigned for U.S. Senate appointment; Transco launched $1.7B debt exchange offer; analysts upgrade targets.Positive▶
Williams Companies saw leadership transition with Executive Board Chair Alan S. Armstrong resigning for U.S. Senate, Stephen W. Bergstrom returning as Chairman. Transco subsidiary launched $1.7 billion debt exchange offer. Jefferies raised target from $81 to $83; RBC Capital raised from $78 to $82. Company announced 5% dividend increase.
Apr 13Williams Companies sees leadership transition and strong analyst confidence following earnings upside and 5% dividend increase.Positive▶
Alan S. Armstrong resigned as Board Chair for U.S. Senate appointment; Stephen W. Bergstrom returns as Chairman. Transco launched $1.7B senior notes exchange offer. Williams board approved regular dividend of $0.525/share ($2.10 annualized), reflecting 5% increase. Stock up 22% in 90 days and 36.7% over one year. Analyst fair value raised to $76.75.
Apr 10Williams Companies sees leadership transition and 5% dividend increase amid strong project backlog outlook.Positive▶
Alan Armstrong resigned from board for Senate appointment; Stephen Bergstrom returns as Chairman. Transco launched $1.7B senior notes exchange offer. Stock up amid positive outlook for 2026 with strong project backlog extending beyond 2030. 5% dividend increase declared. Stock trading at $72.36 with analyst confidence on growth prospects.
Apr 9Williams Companies experiences increased analyst confidence following strong earnings, 5% dividend increase, and positive 2026 outlook.Positive▶
Williams Companies (WMB) edged up 0.25% as broader energy sector rallied 2.54%. Company is experiencing increased analyst confidence following strong Q4 earnings and positive 2026 guidance. Bank of America Securities raised price target to $87 from $79. Wells Fargo reaffirmed Buy rating. Company has expanded natural gas infrastructure connecting North American hydrocarbon plays to growing markets. Despite recent earnings miss, company forecasts substantial growth supported by new projects and expanding pipeline. Next earnings date May 4, 2026.
Apr 8Williams Companies Forecasts Substantial 2026 Growth Supported by Dividend Increase and Project ExpansionPositive▶
The Williams Companies increased analyst confidence following strong earnings and positive 2026 outlook, raising dividend by 5%. Alan Armstrong, former Chairman, was named to Oklahoma Senate in March 2026. Truist Securities initiated buy rating in March. Barclays raised price target to $73 from $66 in February. Despite recent earnings miss, company forecasts substantial growth supported by new projects and expanding pipeline. Stock trades at $72.54 with P/E of 33.73 and dividend yield of 2.8%.
Apr 7Williams guides 10%+ EBITDA growth through 2030; RBC raises PT to $82 on power demand outlookPositive▶
Williams Companies delivered record 2025 results with $7.75B adjusted EBITDA (+9% YoY, 13th consecutive year growth). Guidance: $8.2B 2026 EBITDA and 10%+ compound annual growth through 2030 driven by power/transmission projects. Board approved 5% dividend increase to $2.10 annualized. RBC raised PT to $82 (from $78) maintaining Outperform. UBS raised PT to $89 and Wells Fargo to $80. Analysts cite robust 5-year EBITDA forecast and natural gas demand benefits. TCG subsidiary announced $1.7B senior note exchange offer.
Apr 6Williams Companies secures NE Supply Enhancement permits; raises dividend 5% amid analyst upgradesPositive▶
Williams Companies raised its quarterly dividend by 5% to $0.525/share payable March 30, 2026. The company secured crucial Clean Water Act permits from New Jersey and New York for its Northeast Supply Enhancement project, with service expected by Q4 2027. Multiple analysts upgraded ratings in February: Barclays raised PT to $73 from $66, Jefferies to $81 from $78, and UBS to $89 from $78. Williams was upgraded to Outperform at Scotiabank after analyst day and added to BofA's US 1 List on March 14. Oklahoma governor named CEO Alan Armstrong to Senate on March 24. The company trades at $72.54 with 2.8% dividend yield and strong pipeline growth visibility supporting analyst consensus for sustained outperformance.
Apr 3Williams Companies faces environmental opposition for Constitution pipeline project; CEO chair resigned March 23; 5% dividend increase declared.Mixed▶
Williams reported Q4 2025 net income of $733M ($0.60 per share) with revenue of $3.2B, beating forecasts. Board approved 5% dividend increase to $0.525 per share. However, the company faces significant environmental headwinds: NYDEC filed opposition to Constitution Pipeline. Executive Board Chair Alan S. Armstrong resigned March 23. UBS raised PT to $89.
Apr 2Williams Companies raises dividend 5% to $2.10 annualized and guides FY2026 EBITDA $8.05-8.35B as Southeast pipeline expansion approved by FERC.Positive▶
Williams Cos. reported record 2025 results with GAAP net income $2.615B and adjusted EBITDA $7.75B, raising dividend 5% to $0.525 quarterly ($2.10 annualized). FY2026 guidance: EBITDA $8.05-8.35B, leverage 4.0x. FERC approved Southeast Supply Enhancement Project pipeline expansion. Company issued $2.75B senior notes. UBS raised PT to $89. Board Chair Alan Armstrong resigned March 23. Analyst consensus buy with PT $75.86.
Apr 1Williams Companies raised 2026 guidance and 5% dividend increase; Transco note exchange expires April 6, 2026.Positive▶
Williams Companies raised its 2026 outlook with a 5% dividend increase, guiding to 10%+ compound annual growth rate for adjusted EBITDA through 2030. Transco's note exchange offer expires April 6. Williams reported Q4 EPS of $0.55 and maintains FY 2026 EPS guidance of $2.20-$2.38.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| WMBWILLIAMS | $75.66 | -0.85% | +5.1% | 29.4x | 0.65 | $93.3B |
| KMIKINDER | $32.59 | -0.87% | -1.0% | 22.3x | 0.63 | $73.1B |
| OKEONEOK | $90.70 | -1.90% | +4.5% | 15.0x | 0.81 | $58.3B |
| TRGPTARGA | $254.78 | -2.04% | +5.9% | 22.4x | 0.81 | $55.9B |
| XOMEXXON | $153.41 | -0.60% | -5.5% | 15.2x | 0.29 | $641.5B |
| CVXCHEVRON | $190.83 | -1.28% | -2.8% | 16.5x | 0.59 | $385.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.