The Williams Companies (WMB)

Outperform Recap: Q2 2026

The Funding Question Answered, Then Spent: A 6.35% Partner, a $5.5B Bolt-On, and a Growth Target Two Points Higher

Hold Recap: Q1 2026

Record EBITDA, Rented Upside: Winter Carried the Beat, Capex Rose $900M, and the Funding Plan Is Still Blank