Williams has reached an agreement to acquire Momentum Midstream from EnCap Flatrock Midstream in a transaction valued at up to $5.5 billion.
SEATTLE (Oil Monster): U.S. energy infrastructure company Williams has reached an agreement to acquire Momentum Midstream from private equity firm EnCap Flatrock Midstream.
The transaction, valued at up to $5.5 billion, is expected to strengthen its natural gas transportation network along the U.S. Gulf Coast region.
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The deal includes $3.5 billion in cash and assumed debt, along with approximately $2 billion in Williams shares. The acquisition is expected to close, subject to receipt of necessary regulatory approvals and meeting of customary closing requirements.
The acquisition will enhance Williams’ position in one of North America's fastest-growing natural gas regions, said a company news release. Furthermore, it will support rising domestic and export demand, it added.
Houston-based Momentum Midstream owns and operates more than 4,000 miles of natural gas gathering and transmission pipelines, serving key production areas across Texas and Louisiana.
The company has been witnessing rapid expansion in recent years through acquisitions and infrastructure projects, including the NG3 pipeline and the purchase of Clearfork Midstream.
In related news, Williams reported strong second-quarter 2026 financial results. Net income climbed 51% year over year to $827 million, while adjusted EBITDA increased 6% to $1.92 billion.
Taking into consideration the expected benefits from the Momentum acquisition, the company raised the midpoint of its 2026 adjusted EBITDA guidance to $8.4 billion.
Williams agreed to acquire Momentum Midstream from private equity firm EnCap Flatrock Midstream.
The transaction is valued at up to $5.5 billion.
The deal includes $3.5 billion in cash and assumed debt, plus about $2 billion in Williams shares.
The acquisition is expected to strengthen Williams’ natural gas transportation network along the U.S. Gulf Coast region.
Williams said second-quarter 2026 net income rose 51% year over year to $827 million, while adjusted EBITDA increased 6% to $1.92 billion.
Source: Oil Monster
