What is the reported value and strategic rationale of Williams' potential acquisition of Momentum Midstream?

The reported value of the potential acquisition is about $5.5 billion, and the strategic rationale is to expand Williams' capacity to move natural gas from the Haynesville fields in East Texas and Northern Louisiana to export terminals on the US Gulf Coast, supporting the US's growing liquefied natural gas (LNG) export ambitions.

Who currently owns Momentum Midstream, and what is the current status of the deal talks?

Momentum Midstream is currently owned by private equity firm EnCap Flatrock Midstream, and Williams is in advanced talks to acquire it, with a deal potentially announced in about a week—though no final decision has been made and EnCap could still choose to retain the company.

Williams Said to Near $5.5 Billion Deal for Momentum Midstream

Jun 28, 2026

Williams Cos. is in advanced talks to acquire rival natural gas pipeline operator Momentum Midstream for approximately $5.5 billion. The transaction would expand Williams' capacity to transport gas from Texas and Louisiana to US Gulf Coast export terminals.

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Williams in talks on $5.5 billion deal for Momentum Midstream, Bloomberg reports

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Williams Said to Near $5.5 Billion Deal for Momentum Midstream

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