Mergers & Acquisitions ·
The Williams Companies, Inc. reported second-quarter 2026 financial results and announced the acquisition of Momentum…
WMBWilliams Companies, Inc.
The Williams Companies, Inc. reported second-quarter 2026 financial results and announced the acquisition of Momentum Midstream for up to $5.5 billion in cash and equity. GAAP net income rose 51% year-over-year to $827 million ($0.68 per diluted share), while Adjusted EBITDA increased 6% to $1.921 billion. The company raised its full-year 2026 Adjusted EBITDA guidance midpoint by $200 million to $8.4 billion, reflecting the Momentum transaction. Williams also finalized a Power Innovation Joint Venture with Blackstone and completed phase one of its Socrates project. The Momentum acquisition adds over 4,000 miles of pipeline in the Haynesville basin to serve Gulf Coast LNG demand. The company operates in the natural gas midstream industry, providing transportation, storage, gathering, and processing services.