Williams reports record 2025 Adjusted EBITDA of $7.75 billion; net income up 18%
Williams reported unaudited 2025 results showing higher net income, earnings per share and revenue than in 2024, with total revenues of $11.95 billion versus $10.503 billion. The company also set 2026 Adjusted EBITDA guidance of $8.05 billion to $8.35 billion and raised its annualized dividend 5% to $2.10, which signals expected growth but also reflects a $212 million impairment charge for 2025.
Key points
- GAAP net income was $2.615 billion, or $2.14 per diluted share, up 18% from 2024
- Adjusted EBITDA was $7.75 billion for 2025, up $670 million or 9% from 2024
- 2026 Adjusted EBITDA guidance is $8.05 billion to $8.35 billion, up 6% at the midpoint versus 2025
- Annualized dividend rises 5% to $2.10 for 2026 from $2.00 in 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 10, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.