Added to YB: 2026-04-15
Pitch date: 2026-04-11
WMB [neutral]
The Williams Companies, Inc.
-2.86%
current return
Author Info
No bio for this author
Company Info
The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States.
Market Cap
$86.5B
Pitch Price
$72.95
Price Target
N/A
Dividend
2.97%
EV/EBITDA
15.54
P/E
33.07
EV/Sales
9.99
Sector
Oil, Gas and Consumable Fuels
Category
growth
Williams Companies – An Energy Infrastructure Monopoly (Deep Dive)
WMB (deep dive): Natural gas infrastructure monopoly w/ 33k mi pipeline moving 1/3 US nat gas. Transco (16% US consumption, 30% LNG exports) unreplicatable—$85-100B replacement cost vs full market cap. 95% fee-based take-or-pay contracts, 10-20yr duration. 13yr EBITDA growth streak, targeting 10%+ CAGR through 2030 (8% locked in backlog). LNG tailwind: US exports 15→30 Bcf/d by 2029, Williams 30% share; AI data center power demand adding 4-6 Bcf/d by 2030. $7.3B power projects at 5x EBITDA multiples, $18B 5yr capex runway. 16% CROIC→20% by 2030. Trades 14.5x EV/EBITDA (28% historical premium), author sees fair value $68 (6% overpriced at $72). Rating: Hold, accumulate <$68. 10.5% CAGR to 2029 target $115B mkt cap
Read full article (33 min)