Energy Transfer vs. Williams Companies: Which Natural Gas Giant Wins the AI Power Buildout?

Key Points Energy Transfer and Williams both transport massive amounts of natural gas for powering data centers. But Williams is more of a “pure play” on natural gas than Energy Transfer. 10 stocks we like better than Energy Transfer › Energy Transfer (NYSE: ET) and The Williams Companies (NYSE: WMB) are two of the largest midstream companies in the United States. Energy Transfer operates more than 140,000 miles of pipeline in 44 states, while Williams owns over 32,000 miles of pipeline in 24 states. Both companies are well-insulated from volatile commodity prices because they merely charge upstream and downstream companies "tolls" to use their infrastructure.