The Williams Companies, Inc. (NYSE:WMB) is one of the most profitable energy stocks to buy right now. On October 1, the company announced plans to invest $3.1 billion to enhance its power generation capacity. The transaction is expected to close in the first half of 2027.
The push is part of the energy giant’s bid to capitalize on growing demand for energy needed to power data centers. Power demand and consumption are expected to reach record highs in 2025 and 2026, driven by the rapid growth of artificial intelligence.
The new $3.1 billion investment will bring the company’s total to $5 billion, which the company is using to enhance its power innovation projects. Consequently, Williams Companies plans to raise its 2025 capital spending plan by $875 million to between $3.45 billion and $3.75 billion in 2025.
The Williams Companies, Inc. (NYSE:WMB) is an energy infrastructure company focused on owning and operating infrastructure for the gathering, processing, transportation, and delivery of natural gas and natural gas liquids (NGLs) across the United States. It provides midstream services, moving energy from production sites to processing facilities and then to end markets.
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Disclosure: None. This article is originally published at Insider Monkey.