Williams Companies, Inc. (The)

Filing receipts

“Williams’ Net cash provided (used) by operating activities for the three months ended March 31, 2026 increased from the three months ended March 31, 2025 primarily due to higher operating income (excluding noncash items previously discussed), partially offset by unfavorable changes in margin requirements.”

“Service revenues increased primarily due to: • A $54 million increase in the Haynesville Shale region primarily due to higher gathering volumes including those resulting from Louisiana Energy Gateway which was placed into service in third-quarter 2025 and the acquisition of Saber Midstream, LLC in June 2025; • An $11 million increase in the DJ Basin region primarily due to higher gathering volumes, including those associated with the acquisition of natural gas gathering and processing assets from Rimrock Energy Partners, LLC on January 31, 2025; partially offset by • A $10 million decrease in the Eagle Ford Shale region primarily due to lower MVC revenue.”

“Commodity margins increased $57 million primarily due to a $50 million increase in natural gas marketing margins, including $32 million of higher natural gas transportation capacity marketing margins and $18 million of higher natural gas storage marketing margins, both primarily driven by favorable net realized pricing spreads.”