Williams secures $5.34B Blackstone-led investment for 49% stake in power projects

Filed July 13, 2026 · Period ending July 10, 2026 · ~1 min read

Key Changes

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  Blackstone Credit, Apollo, and KKR commit $5.34B ($4.4B for 49% of growth capex plus $0.9B additional consideration) for 49% stake in five Power Innovation projects; Williams retains 51% ownership and full operational control

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
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  Capital treated as equity, reducing 2026 projected leverage to ~3.6x from prior trajectory, preserving balance sheet capacity for additional growth opportunities while maintaining investment-grade metrics

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
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  Williams retains buyout right starting year 7 (July 2033) at Blackstone's outstanding investment balance; Blackstone receives fixed 6.35% return with no long-term upside participation, preserving value for Williams shareholders

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →