WMB · 8-K · 20261102PR000035

Capital Expenditure Program

WILLIAMS COMPANIES, INC. · 2026-11-02 · Importance 76 · Surprise 56 · From source text

Williams reported $6.011 billion of capital investments excluding acquisitions in the first nine months of 2026, compared with $2.762 billion in the prior-year period. Capital expenditures were $5.682 billion, including $4.706 billion in Transmission, Power & Gulf, and the company also invested $156 million in equity-method investments. The company maintained 2026 growth-capex guidance of $7.3 billion to $7.9 billion. Third-quarter and year-to-date capital-investment figures exclude the $2.816 billion Momentum acquisition.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
cashnegativerealized—Third-quarter 2026 capital investments, excluding acquisitions, were $2.727 billion, compared with $1.053 billion in third-quarter 2025;…