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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Praneeth Satish | Wells Fargo | 12 | 8% |
| John Mackay | Goldman Sachs | 11 | 0% |
| Theresa Chen | Barclays | 10 | 0% |
| Jeremy Tonet | JPMorgan | 10 | 0% |
| Keith Stanley | Wolfe Research | 9 | 0% |
| Manav Gupta | UBS | 9 | 0% |
| Spiro Dounis | Citigroup | 8 | 0% |
| Jean Salisbury | Bank of America | 7 | 0% |
| Craig Shere | Tuohy Brothers | 5 | 0% |
| Ameet Thakkar | BMO Capital Markets | 5 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Wells Fargo | 1 | 12 | 8% |
| Goldman Sachs | 1 | 11 | 0% |
| Wolfe Research | 2 | 11 | 0% |
| Barclays | 1 |
| 10 |
| 0% |
| JPMorgan | 1 | 10 | 0% |
| Bank of America | 2 | 9 | 0% |
| UBS | 1 | 9 | 0% |
| Citigroup | 1 | 8 | 0% |
Williams delivered record Q1 adjusted EBITDA of $2.25B growing 13% as EPS grew 22%, with full-year guidance raised to the upper half of the original range. The Neo power innovation project was announced expanding the growing project backlog that supports a 9% base CAGR, while the company increased growth CAPEX midpoint for 2026 to $7.3B. Data center power demand continued driving infrastructure expansion across the footprint, though balance sheet leverage sat temporarily above the long-term target.
Capex Investment | Demand | Cloud & AI | Capital Allocation | Geographic Expansion | Competitive Dynamics | Regulation Policy | Revenue Growth | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 6 | 5 | 4 | 4 | 3 | 1 | 4 |
| 2025Q1 | 9 | 6 | 5 | 2 | 2 | 4 | 2 | 3 |
| 2025Q2 | 11 | 4 | 2 | 3 | 4 | 3 | 5 | 1 |
| 2025Q3 | 5 | 7 | 7 | 8 | 7 | 4 | 1 | 2 |
| 2025Q4 | 5 | 5 | 4 | 2 | 1 | |||
| 2026Q1 | 7 | 5 | 8 | 3 | 3 | 5 | 3 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Capex Investment | 6 | 9 | 11 | 5 | 5 | 7 |
| Demand | 6 | 6 | 4 | 7 | 5 | 5 |
| Cloud & AI | 5 | 5 | 2 | 7 | 8 | |
| Capital Allocation | 4 | 2 | 3 | 8 | 4 | 3 |
| Geographic Expansion | 4 | 2 | 4 | 7 | 3 | |
| Competitive Dynamics | 3 | 4 | 3 | 4 | 5 | |
| Regulation Policy | 1 | 2 | 5 | 1 | 2 | 3 |
| Revenue Growth | 4 | 3 | 1 | 2 | 1 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
WMB Williams Companies | 6 | -0.6% | |
| EPD Enterprise Products Partners L.P. | 5 | -6.7% | |
| KMI Kinder Morgan | 9 | +13.5% | |
| OKE ONEOK | 9 | +19.6% | |
| TRGP Targa Resources | 5 | -15.6% |