Growth ProspectsWMB is projected to grow its EBITDA at an 11% compound annual growth rate over the next three years, significantly outperforming industry guidance and consensus.
Project DevelopmentsThe Northeast Supply Enhancement project is expected to be completed earlier than anticipated, with potential cost savings of $150 million improving its economics.
Tax BenefitsThe restoration of 100% bonus depreciation significantly reduces WMB's cash tax burden, with cash taxes expected to remain below $200 million through 2030.