Strong First Quarter Performance
Williams reported a 9% growth in the first quarter, driven by high return projects and improved credit ratings. The company anticipates continued growth with strong base business performance.
Data Center Power Solutions
Williams announced the Socrates project, investing $1.6 billion in data center power solutions with a 10-year fixed price power purchase agreement, expected to deliver earnings with a 5x EBITDA multiple.
Transco's Power Express Pipeline
The 950 million cubic feet per day expansion project in Virginia is backed by a significant anchor shipper and uses existing infrastructure, promising robust demand and high returns.
Record Adjusted EBITDA Growth
Adjusted EBITDA increased by 3% over the first quarter of 2024, with expectations of accelerating growth each quarter throughout 2025.
Deepwater Projects Progress
Completion of two deepwater projects, Whale and Ballymore, contributing significant earnings growth, with more projects expected to drive cash flows in the third quarter.
Credit Rating Upgrade
Williams received an S&P credit rating upgrade to BBB Plus and a positive outlook from Moody's, reflecting its robust business model and balance sheet strength.
Increased Dividend
Williams raised its quarterly dividend by 5.3% to $0.50 per share, reinforcing its commitment to a well-covered dividend program.