Williams' Transco Launches Private Debt Offering
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: Nov 05 20250mins
Transco's Senior Notes Offering: Transcontinental Gas Pipe Line Company, LLC (Transco) is offering senior notes to institutional investors, exempt from registration under the Securities Act of 1933.
Use of Proceeds: The net proceeds from the offering will be used to redeem $1.0 billion of its 7.850% Senior Notes due 2026 and cover associated fees, with any excess allocated for general corporate purposes.
Registration Status: The notes have not been registered under the Securities Act or state securities laws, and cannot be sold in the U.S. without proper registration or exemption.
Williams' Commitment: Williams, Transco's parent company, emphasizes its role as a leader in the energy sector, focusing on safe and responsible energy delivery while advancing towards a clean energy future.
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Analyst Views on WMB
Wall Street analysts forecast WMB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WMB is 71.13 USD with a low forecast of 65.00 USD and a high forecast of 83.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
13 Buy
2 Hold
0 Sell
Strong Buy
Current: 63.660
Low
65.00
Averages
71.13
High
83.00
Current: 63.660
Low
65.00
Averages
71.13
High
83.00
Citi
Buy
maintain
$65 -> $70
2025-11-13
Reason
Citi
Price Target
$65 -> $70
2025-11-13
maintain
Buy
Reason
Citi raised the firm's price target on Williams to $70 from $65 and keeps a Buy rating on the shares. The firm rolled forward the company's model ahead of the upcoming analyst day.
TD Cowen
Buy
maintain
$69 -> $70
2025-11-06
Reason
TD Cowen
Price Target
$69 -> $70
2025-11-06
maintain
Buy
Reason
TD Cowen raised the firm's price target on Williams to $70 from $69 and keeps a Buy rating on the shares. The firm updated its model following Q3 results.
BMO Capital
Ameet Thakkar
Outperform
downgrade
$72 -> $70
2025-11-05
Reason
BMO Capital
Ameet Thakkar
Price Target
$72 -> $70
2025-11-05
downgrade
Outperform
Reason
BMO Capital analyst Ameet Thakkar lowered the firm's price target on Williams to $70 from $72 and keeps an Outperform rating on the shares after its Q3 earnings miss. Some anticipation of Williams' Q3 earnings call has diminished given the prior announcement of additional 850 MWs of power projects, though the recent announced a $1.9B investment in Woodside Energy's 16.5 MTPA Louisiana LNG project raised questions and weighed on shares, the analyst tells investors in a research note.
Jefferies
Buy
downgrade
$72 -> $70
2025-11-05
Reason
Jefferies
Price Target
$72 -> $70
2025-11-05
downgrade
Buy
Reason
Jefferies lowered the firm's price target on Williams to $70 from $72 and keeps a Buy rating on the shares. Despite a negative share price reaction to earnings, Williams' Q3 commentary was "constructive" and the firm's Buy thesis remains intact, the analyst tells investors in a post-earnings note.
See All Ratings
About WMB
The Williams Companies, Inc. is an energy company. Its segments include Transmission & Gulf of America, Northeast G&P, West, and Gas & NGL Marketing Services. The Transmission & Gulf of America segment comprises the Transco, NWP, and MountainWest interstate natural gas pipelines, and their related natural gas storage facilities, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region. Northeast G&P comprises midstream gathering, processing, and fractionation businesses in the Marcellus Shale region. The West segment comprises gas gathering, processing, and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, and the Eagle Ford Shale region of south Texas, among others. The Gas & NGL Marketing Services segment includes natural gas liquids (NGL) and natural gas marketing and trading operations.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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