Goldman Sachs backs Williams Companies stock ahead of power decisions
Published on 11/13/2026 at 14:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSPower projects shape the outlook
- Goldman Sachs rated Williams Companies a buy after third-quarter industry updates.
- The brokerage expects approved projects to support roughly 11% annual EBITDA growth through 2030.
- Final investment decisions on additional power projects are expected before the end of 2026.
Goldman Sachs has kept a positive view on Williams Companies after third-quarter industry updates, highlighting the company among its preferred natural-gas pipeline operators. In a report published Friday by Finwire and attributed to Investing.com, the brokerage rated Williams a buy.
Growth rests on contracted infrastructure
Goldman expects Williams' EBITDA to grow about 12% a year from 2025 to 2030. Projects that have already received approval are expected to contribute about 11% annual growth, meaning the forecast does not depend solely on a large wave of new awards.
The brokerage also expects Williams to reach final investment decisions on additional power projects before the end of 2026. The projects are designed to serve rising electricity demand from data centers and other large users, while the company continues to expand its natural-gas infrastructure.
That positioning gives Williams a relatively high share of contracted business, according to the report. Goldman said the sector is less exposed to swings in overall gas demand because much of the expected earnings base comes from infrastructure already in development or operation.
Execution remains the key risk
The outlook still depends on permitting, project execution and the pace of data-center power demand. Goldman flagged added uncertainty for projects awaiting final approval after the recent elections, while also pointing to debate over the longer-term growth of data-center electricity consumption.
Williams entered the year at a relatively high valuation, the report said. For investors, the combination of contracted growth and a substantial project pipeline supports the long-term case, but financing needs and execution risk remain important factors as the company moves additional power projects toward construction.
Williams Companies stock traded at 63.11 euros on Lang & Schwarz at 2:10 p.m. CET on Friday, November 13, 2026.
Williams Companies stock facts
- Company: The Williams Companies, Inc.
- ISIN: US9694571004
- Ticker: WMB
- Sector: Energy
- Lang & Schwarz price: 63.11 euros on Friday, November 13, 2026, at 2:10 p.m. CET
US energy infrastructure stocks remain sensitive to interest rates, gas demand and project financing. See the latest S&P 500 market developments.
