WMB - Williams Companies Fuels Future Growth with $1.95B Natural Gas Storage Buyout | Benzinga
Williams Companies Inc (NYSE: WMB) penned a deal with an affiliate of Hartree Partners LP to acquire a portfolio of natural gas storage assets for $1.95 billion.
The acquisition price represents around 10x the estimated 2024 EBITDA multiple. The deal includes six underground natural gas storage facilities in Louisiana and Mississippi.
The facilities have a total capacity of 115 billion cubic feet (Bcf), 230 miles of gas transmission pipeline and 30 pipeline interconnects to attractive markets.
The six natural gas storage facilities comprise ...