WMB
WilliamsTransco pipeline; PJM gas demand.
Last
$70.76
Change
-0.95%
Market cap
$86.5B
60-day price
Near-term (0-6mo)
Earnings 5/4 — Transco expansion progress (Regional Energy Access, Southeast Supply Enhancement), throughput volumes, and new shipper commitments from data center-adjacent generation.
Mid-term (6-24mo)
Transco is the largest US gas pipeline by volume (~15 Bcf/d capacity) and runs through the heart of PJM — where the densest concentration of US data centers exists. Expansion projects add ~1.5 Bcf/d through 2027.
Catalysts
- Transco expansion construction milestones
- Q1 earnings 5/4
- New shipper contracts from gas-fired data center generation
Risks
- Permitting risk for pipeline expansions
- Gas price volatility
- Long-term demand erosion if nuclear scales faster than expected
Options flags
earnings_soon · Apr 16, 2026
Earnings on 2026-05-04 (17d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.monthly_liquid · Apr 16, 2026
Monthly Apr 16, 2026 chain likely liquid. Prefer ATM/ITM-20 over OTM to force discipline.