Williams Activates Transco's Southside Reliability Enhancement

The Williams Companies, Inc. WMB recently announced the full-scale launch of the Southside Reliability Enhancement project. The timely completion of the project highlights the company’s ability to execute the expansion projects in a careful and environment-friendly manner. By expanding the existing Transco transmission corridor and facilities, the Southside Reliability Enhancement project minimizes land use and the requirement for additional facilities while maximizing efficiency.Overview of WMB’s Southside Reliability Enhancement ProjectWMB owns and operates the 10,200-mile-long Transco pipeline system, which extends from south Texas to New York City. In terms of volume,the Transco pipeline is the country’s largest natural gas transportation system, transporting about 20% of the natural gas produced in the United States.The Southside Reliability Enhancement project is an ambitious expansion and modernization of the existing Transco natural gas pipeline system to North Carolina and Virginia. The expansion project will increase natural gas delivery to meet the growing demand for affordable, reliable and clean energy in the region. This project adds an impressive 423,400 dekatherms per day (Dth/d) of fully contracted capacity to the Transco system to meet the needs of nearly 2 million homes in the region.The expansion project required the construction of an electric compressor station in Mecklenburg County, Virginia and an additional all-electric compressor at the existing Station 166 in Pittsylvania County. It also involved upgrading and enhancing existing meter stations in different parts of North Carolina. With the given expansion, WMB’s Transco pipeline capacity has increased to 19.9 million Dths of natural gas per day.Modernization to Meet Record-High Energy DemandsAs the demands for winter heating surge, the activation of the Southside Reliability Enhancement is ready to set new benchmarks by fulfilling the requirement of record-high gas demands. On Dec. 22, it achieved an all-time peak of 17.77 million Dth, surpassing prior records. On the same day, Transco delivered over 2.2 million Dths in New York alone, marking the delivery of the highest volumes in the past several years.The recent frigid conditions across the Northeast validate the importance of WMB’s pipelines, which play a critical role in delivering the natural gas that keeps millions of Americans safe and secure.The company’s team is fully committed to delivering the entire transmission growth projects to meet the requirement of natural gas in the United States for LNG exports as well as to meet the data center power generation load and energy reshoring.WMB’s Zacks Rank and Key PicksOklahoma-based The Williams Companies is a premier energy infrastructure provider in North America. Currently, WMB has a Zacks Rank #3 (Hold).Investors interested in the energy sector might look at some better-ranked stocks like TechnipFMC plc FTI,KLX Energy Services Holdings, Inc. KLXE and Flotek Industries, Inc. FTK. While TechnipFMC currently sports a Zacks Rank #1 (Strong Buy), KLX Energy and Flotek Industries each carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.London-based TechnipFMC plc is a leading manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry. The Zacks Consensus Estimate for FTI’s 2024 earnings indicates 260% year-over-year growth.KLX Energy Services Holdings Inc. provides oilfield services focused on the wells’ completion, intervention and production activities. KLXE’s expected EPS (earnings per share) growth rate for next year is 28.52%, which aligns favorably with the industry growth rate of 15.10%.Flotek Industries develops and delivers prescriptive chemistry-based technology, including specialty chemicals, to clients in the energy, consumer industrials and food & beverage industries. The Zacks Consensus Estimate for FTK’s 2024 earnings indicates 125% year-over-year growth.Just Released: Zacks Top 10 Stocks for 2024Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential. See New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Williams Companies, Inc. (The) (WMB): Free Stock Analysis Report TechnipFMC plc (FTI): Free Stock Analysis Report Flotek Industries, Inc. (FTK): Free Stock Analysis Report KLX Energy Services Holdings, Inc. (KLXE): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks