The Williams Companies Inc.
10/01/2025 | Press release | Distributed by Public on 10/01/2025 14:15
Regulation FD Disclosure (Form 8-K)
Item 7.01. Regulation FD Disclosure
Effective September 30, 2025, The Williams Companies, Inc. (the "Company") has agreed to invest approximately $3.1 billion in two additional power innovation projects to continue to deliver speed-to-market solutions in grid-constrained markets. The projects are anticipated to be completed in the first half of 2027, assuming timely receipt of permits. The projects are backed by 10-year, primarily fixed-price power purchase agreements with an unnamed large, investment-grade counterparty with an option for the customer to extend. The Company's build multiple for the projects is approximately 5x EBITDA.
As a result of these agreements, total power innovation projects committed capital now stands at approximately $5 billion. The Company is raising its 2025 growth capex by $875 million to a new total of between $3.45 billion and $3.75 billion, which is expected to raise its leverage ratio midpoint for 2025 to 3.7x.
The Williams Companies Inc. published this content on October 01, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on October 01, 2025 at 20:15 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]