Welcome to our dedicated page for Western Midstream Partners Lp news (Ticker: WES), a resource for investors and traders seeking the latest updates and insights on Western Midstream Partners Lp stock.
Western Midstream Partners, LP reports news on a master limited partnership that develops, acquires, owns, and operates midstream energy assets in Texas, New Mexico, Colorado, Utah, and Wyoming. The partnership gathers, compresses, treats, processes, and transports natural gas; gathers, stabilizes, and transports condensate, NGLs, and crude oil; and provides produced-water gathering, transportation, recycling, treatment, and disposal services.
Recurring WES updates cover operating and financial results, throughput trends, capital spending, distributable cash flow, quarterly common-unit distributions, and management commentary after earnings. Company news also includes midstream contract amendments, common-unit and capital-structure actions, investor-conference participation, and produced-water expansion following the completed Aris Water Solutions acquisition.
Western Midstream (NYSE: WES) will post a first-quarter 2026 post-earnings interview with CEO Oscar K. Brown and VP Jon Greenberg, covering results and the agreement to acquire Brazos Delaware II. The company also plans to participate in multiple investor conferences across the U.S. from May to August 2026.
Western Midstream (NYSE: WES) reported Q1 2026 net income attributable to limited partners of $342.4M, record Adjusted EBITDA of $683.1M (+15% YoY) and Distributable Cash Flow of $508.9M. Q1 cash from operations was $469.9M, Free Cash Flow $242.3M, and capex $250.5M. The Partnership declared a Q1 distribution of $0.930 per unit (annualized $3.72).
WES expects to be toward the high end of its 2026 guidance ranges of $2.50B–$2.70B Adjusted EBITDA and $1.85B–$2.05B DCF, and announced a ~$1.6B acquisition of Brazos Delaware II with expected close by end of Q2 2026.
Western Midstream (NYSE: WES) will acquire Brazos Delaware II for approximately $1.6 billion in a 50% cash / 50% equity transaction expected to close late Q2 2026. The deal adds ~470,000 dedicated acres and 460 MMcf/d nameplate processing capacity.
The acquisition increases WES Delaware dedicated acres ~49% to >1.4 million and processing capacity ~20% to ~2.750 Bcf/d, is expected to be immediately accretive to estimated 2026 distributable cash flow per unit, and supports pro forma net leverage of ~3.0x in 2026.
Western Midstream (NYSE: WES) declared a quarterly cash distribution of $0.93 per unit for Q1 2026, equal to $3.72 annualized, a 2.2% increase versus the prior quarter. The distribution is payable May 15, 2026, to unitholders of record at close May 1, 2026.
The Partnership will report Q1 2026 results after market close on May 6, 2026, and will host an earnings conference call on May 7, 2026 at 9:00 a.m. Central (10:00 a.m. Eastern) with dial-in and webcast access; a replay will be available on the investor website.
Western Midstream (NYSE: WES) will publish a post-earnings interview with CFO Kristen Shults before the market opens on Feb 24, 2026, offering insights on full-year and fourth-quarter 2025 results and the 2026 outlook.
The partnership also confirmed participation in five investor conferences across March–May 2026, including Morgan Stanley Energy & Power and Barclays IG Energy & Utilities Corporate Days.
Western Midstream (NYSE: WES) reported record fourth-quarter and full-year 2025 results, with 2025 Adjusted EBITDA $2.481B and Full-year Free Cash Flow $1.526B. Fourth-quarter Adjusted EBITDA was $635.6M and Net income attributable to limited partners was $187.2M. WES provided 2026 guidance of Adjusted EBITDA $2.5B–$2.7B, CapEx $850M–$1.0B, and DCF $1.85B–$2.05B. The board will be asked to increase the quarterly distribution to $0.93 per unit starting Q1 2026.
Western Midstream (NYSE: WES) announced a quarterly cash distribution of $0.910 per unit for Q4 2025, equivalent to $3.64 per unit annualized, unchanged from the prior quarter. The distribution is payable on February 13, 2026 to unitholders of record at the close of business on February 2, 2026.
The Partnership will report Q4 2025 results after market close on Wednesday, February 18, 2026. Management will host a conference call on Thursday, February 19, 2026 at 9:00 a.m. Central (10:00 a.m. Eastern) to discuss results. Dial-in numbers are 888-880-3330 (U.S.) and 646-357-8766 (international), and a live webcast and replay will be available on the investor relations website at www.westernmidstream.com.
Western Midstream (NYSE: WES) amended Delaware Basin natural-gas gathering and processing contracts with Occidental and signed a new fixed-fee agreement with ConocoPhillips, shifting legacy cost-of-service terms to simplified fixed fees and acreage dedications. Occidental will transfer 15.3 million WES common units (~$610 million) to WES, reducing Occidental's stake from ~42% to ~40%. The unit value will be added to an existing contract liability (aggregate recognition averaging ~$165 million per year through 2032).
New Occidental terms effective Jan 1, 2026, ConocoPhillips terms effective Feb 1, 2026, and unit redemption on Feb 3, 2026. WES expects Adjusted EBITDA not to decline through 2027 and to maintain net leverage at or near 3.0x in 2026.
Western Midstream (NYSE: WES) priced a $1.2 billion senior notes offering on Dec 1, 2025: $600M 4.800% notes due 2031 at 99.993% and $600M 5.500% notes due 2035 at 99.405%. The offering is expected to close on Dec 4, 2025, subject to customary closing conditions.
Net proceeds are expected to refinance WES Operating's maturing 4.650% notes due 2026, repay commercial paper (including borrowings used to fund the Aris Water Solutions acquisition), and for general partnership purposes and capital expenditures. Joint book-runners include Wells Fargo, Deutsche Bank, Mizuho and SMBC Nikko.
Western Midstream (NYSE: WES) announced a post-earnings interview with CFO Kristen Shults will be made available on its website tomorrow before market open, providing additional insights on third-quarter 2025 results.
The company also listed planned investor conference participation during Q4 2025 and Q1 2026: Daniel Energy Partners New York Executive Series on Dec 3, 2025; Mizuho Power, Energy, and Infrastructure Conference on Dec 9, 2025; Capital One Securities Energy Conference on Dec 9, 2025 in New Orleans; Wells Fargo Energy & Power Symposium on Dec 10, 2025; and UBS Global Energy & Utilities Winter Conference on Jan 13–14, 2026.