The YouTuber suggests Williams Companies, which is transitioning from a natural gas pipeline operator to a power plant builder for data centers. By building and owning power plants, like the $2 billion facility for Meta, Williams earns higher margins and secures long-term contracts. This strategic shift has driven cash earnings growth and stock appreciation, offering a more growth-oriented play on the gas side of the data center energy build-out.
“This, of course, is the pricier, more growth-oriented way to play the gas side of the story, a pipeline company that's steadily turning itself into a power company.”