Williams Cos Stock Holds Steady Amid Stronger Q2 Earnings and Raised Guidance
Williams Cos stock has been trading in the mid-$70s as of August 26, 2026, following stronger Q2 2026 results and a higher adjusted EBITDA outlook for the year. The company's shares were quoted around $74.14 at a session high of $75.53, leaving them below the consensus price target of $85.60 per share.
The second-quarter earnings report showed an adjusted EBITDA figure of $1.92 billion, representing a 6 percent increase versus the same period a year earlier, driven by volume growth and margin resilience in the midstream natural gas business.
Williams Cos also raised its 2026 adjusted EBITDA guidance to a range of $8.3 billion to $8.5 billion, with an implied forward enterprise value to EBITDA multiple that investors can benchmark against peers such as ONEOK and other midstream operators.