Key Highlights

  • Attributable Net Income came to $700 million in the quarter, an 8% gain from $647 million.
  • Each diluted share earned $0.56 versus $0.53 twelve months earlier, and nine-month net income climbed 27% to $2,392 million.
  • Revenue of $3,223 million beat the $2,923 million from the prior period, and service Revenue reached $2,319 million after a 9% gain.
  • Reportable segments produced $2,032 million of Modified EBITDA, against $1,874 million previously.
  • The 2026 growth Capital and Investment budget spans $7.3 billion through $7.9 billion.

Attributable Profit Lands at $700 Million, With Service Sales Up 9%

The Williams Companies (NYSE:WMB) submitted a 10-Q on Nov 2, 2026, covering the quarter that closed Sep 30, 2026. Attributable net income came to $700 million, or $0.56 diluted, from $647 million, or $0.53, one year before. Nine-month net income totaled $2,392 million, which equals $1.94 per diluted share, compared to $1,884 million, which was $1.54 a share, earlier.

Revenue rose roughly 10.3% on a calculated basis. Service revenue added $198 million, lifting it to $2,319 million. The increase reflected Momentum, expansion projects, new power sales linked to Socrates South, firmer Gulf Coast storage pricing and greater Northeast joint-venture throughput.

Operating income stood at $1,136 million, against $1,109 million a year earlier, and the period contained an $83 million gain booked on disposals of Permian gathering assets. G&A outlays climbed to $275 million, versus $168 million before, due to incentive compensation and deal costs.

Momentum Closing and the Power-Project Stake Sale Change the Capital Structure

Momentum changed hands on Sep 3, 2026, with overall consideration near $5.1 billion. The payment blended cash, about 27 million shares and $869 million of retained debt. The Haynesville Assets contribute gathering capacity of 6 billion cubic feet daily. Over the first four weeks, Momentum produced $113 million of top-line revenue and $40 million of Modified EBITDA.

In July 2026 Williams divested a 49% stake in five power projects that carries no controlling rights, tied to a committed-capital total of $5.34 billion. Cash received that month totaled $3.74 billion, a further $1 billion arrived in October 2026, and the remaining balance is due through Q1 2027.

Income for noncontrolling holders reached $67 million, against $36 million, largely due to the power-project entity.

Western and Northeastern Units Compensate for Softer Marketing Results

The company's footprint includes interstate pipe systems, gathering and processing assets, and electricity-generating projects. Modified EBITDA for reportable segments grew about 8.4% on a calculated basis.

West Modified EBITDA reached $451 million, having been $342 million. The Transmission, Power and Gulf group posted $1,000 million, versus $973 million, whereas Northeast Gathering and Processing came in at $542 million, compared with $505 million. The Gas and NGL Marketing Services unit shrank to $39 million, down from $54 million.

For nine months, Operating Cash Flow was $4,484 million, capital expenditures were $5,682 million, and common dividends paid totaled $1,940 million.

Total Liquidity of $6,506 Million and Late-2026 Start-Ups Shape the Fourth Quarter

Cash totaled $1,756 million and total liquidity $6,506 million on Sep 30, 2026, against $2.2 billion of long-term borrowings maturing within twelve months. Nine-month senior note issuance reached $5.5 billion, and the quarterly Dividend stands at $0.525 per share, higher than $0.500 in 2025.

Three pipeline projects began operating in late October 2026. Socrates North, rated at 556 megawatts, is expected to begin operating later in Q4. A New Jersey water certification tied to the Northeast Supply Enhancement project was set aside by a federal appellate court on Sep 8, 2026.