Goldman Sachs maintains a Buy rating on Williams Cos. (WMB) with an $82 price target, focusing on 2Q26 earnings expectations, balance sheet management for behind-the-meter (BTM) projects, and potential M&A activity.
Key Takeaways
- 1.The firm expects 2Q26 EBITDA of $1,919m, slightly below consensus, citing lower seasonal contributions and West volumes.
- 2.Key focus remains on behind-the-meter (BTM) funding levers and potential M&A of Momentum Midstream.
Table of Contents
- Key Focus Areas
- 2Q26 Expectations
- Valuation and Risks
- Disclosure Appendix
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Authors
John MackayOlivia FosterJackie KoletasBen Lund
Securities
WMBMomentum Midstream
Themes
Behind-the-Meter (BTM) Power InfrastructureMidstream M&A
Regions
North AmericaUnited States