Williams to acquire Momentum and raises its 2026 Ebitda forecasts
Article excerpt
((Automated translation by Reuters using machine learning and generative AI, please refer to the following disclaimer: https://bit.ly/rtrsauto)) (Recasts paragraph 1, adds details in paragraphs 3, 7, 8 and 9, adds CEO comments in paragraphs 4 and 12) WMB.N (Williams Companies) announced its intention to acquire Momentum Midstream and raise its annual forecasts, with the aim of expanding into the Haynesville shale basin to meet growing demand for liquefied natural gas and electricity on the Gulf Coast. The pipeline operator specified that the transaction would be valued at up to 5.5 billion dollars, including approximately 3.5 billion dollars in cash and debt, and approximately 2 billion dollars in Williams shares. It raised its adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) forecast for 2026, from 8.2 billion dollars (previous median value) to a range of 8.3 to 8.5 billion dollars. “We are announcing the acquisition of Momentum Midstream, a highly strategic platform that strengthens our position in the country's most important LNG demand corridor,” CEO Chad Zamarin said in the company's statement. Momentum brings over 4,000 miles of pipelines and over one million dedicated acres in the Haynesville region, with a gathering capacity of 6 billion cubic feet per day (cfd) and three "take-or-pay" pipelines capable of transporting 4.05 billion cfd...
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Its quarterly net income increased to 827 million dollars, or 0.68 dollars per diluted share, compared to 546 million dollars, or 0.45 dollars per share, a year ago.
