Williams (WMB) Q3 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 4, 2026 astatine 12:06 PM CDT 50 min read

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DATE

Tuesday, Nov. 4, 2025 astatine 9:30 a.m. ET

Call participants

• President and CEO — Chad Zamarin

• Chief Financial Officer — John Porter

• Executive Vice President, Transmission & Gulf of Mexico — Larry Larsen

• Senior Vice President, Corporate Development — Robert Wingo

• General Counsel — Lane Wilson

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Full Conference Call Transcript

Chad Zamarin: Thanks, Danilo, and convey you for joining america today. We're excited to stock the beardown advancement we've made and the tremendous opportunities up for Williams. So let's statesman connected Slide 2. We're strengthening our halfway concern with delivered enlargement projects portion extending our backlog of highly charismatic caller opportunities that volition thrust ongoing growth. Starting with completed transmission projects, we precocious placed Northwest Pipeline's Stanfield South task successful work and completed Transco's Alabama, Georgia Connector and Commonwealth Energy Connector enlargement projects. Importantly, connected Transco, we are expanding pipeline capableness by astir 200,000 dekatherms per day, which volition supply entree to further earthy state supplies to summation reliability and affordability during the upcoming heating season.

We've besides precocious completed Shenandoah and Salamanca, 2 important deepwater enlargement projects. And successful the Haynesville, our astir caller enlargement was brought online, which increases basin gathering and takeaway capableness arsenic we hole for the accelerated maturation successful LNG exports alongside powerfulness request maturation wrong the Gulf Coast and Southeast regions. We precocious announced 2 transmission projects, the Wharton West enlargement connected Transco successful South Texas and the Green River West Expansion connected Mountain West successful Southwest Wyoming. Additionally, we signed lawsuit agreements for our 10 Bcf enlargement astatine our Pine Prairie retention installation successful Louisiana. These milestones show our ongoing quality to beforehand projects crossed our nationwide transmission and retention footprint.

With respect to strategical investments, we're advancing our wellhead to h2o strategy done a strategical LNG concern and a complementary plus divestiture. We precocious announced that we person signed agreements to merchantability our involvement successful our Haynesville upstream plus to JERA for $398 cardinal positive deferred payments done 2029. Under JERA's ownership, Williams volition proceed to stitchery accumulation and present volumes done our LEG strategy successful the Transco and downstream LNG markets. And arsenic portion of the transaction, we volition further grow our Haynesville gathering strategy to accommodate accumulation growth, and this transaction besides increases the measurement committedness to LEG.