Williams Cos stock rallies on strong Q2 results and upgraded EBITDA outlook

Williams Cos stock has been trading solidly in the mid-$70s as of August 26, 2026, supported by strong second-quarter results, an upgraded 2026 EBITDA outlook and a series of growth projects across natural gas infrastructure.

The company reported adjusted EBITDA of $1.921 billion for Q2 2026, up 6% from the same quarter in 2025, with revenue reaching $3.05 billion and exceeding forecasts by 9.8% year over year.

Williams Cos has also raised its longer-term guidance, increasing the midpoint of its 2026 adjusted EBITDA guidance to $8.4 billion following the Q2 performance.

The company's strategic projects, including the acquisition of Momentum Midstream and a joint venture backed by Blackstone that provides $5.34 billion of committed capital for five behind-the-meter Power Innovation projects, contribute to its growth momentum and confidence in delivering on its raised 2026 EBITDA outlook.