WESTERN MIDSTREAM ANNOUNCES FOURTH-QUARTER 2025 DISTRIBUTION AND EARNINGS CONFERENCE CALL

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.

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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.

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HOUSTON, Jan. 23, 2026 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that the board of directors of its general partner declared a quarterly cash distribution of $0.910 per unit for the fourth quarter of 2025, or $3.64 per unit on an annualized basis, which is in-line with the prior quarter's distribution. WES's fourth-quarter 2025 distribution is payable on February 13, 2026, to unitholders of record at the close of business on February 2, 2026.

The Partnership plans to report its fourth-quarter 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 the Partnership's quarterly results. Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the call. The full text of the release announcing the results will be available on the Partnership's website at www.westernmidstream.com.

Fourth-Quarter 2025 Results
Thursday, February 19, 2026
9:00 a.m. Central (10:00 a.m. Eastern)
Dial-in number: 888-880-3330
International dial-in number: 646-357-8766

To participate in WES's scheduled fourth-quarter earnings call, please refer to the above-listed dial-in information. To access the live audio webcast of the conference call, please visit the investor relations section of the Partnership's website at www.westernmidstream.com. A replay of the conference call will also be available on the website following the call.

ABOUT WESTERN MIDSTREAM

Western Midstream Partners, LP ("WES") is a master limited partnership formed to develop, acquire, own, and operate midstream assets. With midstream assets located in Texas, New Mexico, Colorado, Utah, and Wyoming, WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural-gas liquids, and crude oil; and gathering, transporting, recycling, treating, and disposing of produced water for its customers. In its capacity as a natural-gas processor, WES also buys and sells natural gas, natural-gas liquids, and condensate on behalf of itself and its customers under certain gas processing contracts. A substantial majority of WES's cash flows are protected from direct exposure to commodity price volatility through fee-based contracts.

For more information about WES, please visit www.westernmidstream.com.

This news release contains forward-looking statements. WES and its general partner believe that their expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release. These factors include our ability to meet distribution expectations and financial guidance; our ability to safely and efficiently operate WES's assets; the supply of, demand for, and price of oil, natural gas, NGLs, and related products or services; our ability to meet projected in-service dates for capital-growth projects; construction costs or capital expenditures exceeding estimated or budgeted costs or expenditures; and the other factors described in the "Risk Factors" section of WES's most-recent Form 10-K filed with the Securities and Exchange Commission and other public filings and press releases. WES undertakes no obligation to publicly update or revise any forward-looking statements.

Note regarding Non-United States Investors: This release is intended to be a qualified notice under Treasury Regulation Sections 1.1446-4(b) and 1.1446(f)-4. Brokers and nominees should treat one hundred percent (100.0%) of Western Midstream Partners, LP's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Western Midstream Partners, LP's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate. Furthermore, one hundred percent (100.0%) of Western Midstream Partners, LP's distributions to non-U.S. investors is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(iii). Brokers and nominees are treated as withholding agents responsible for withholding on distributions received by them on behalf of non-U.S. investors. The CUSIP number of Western Midstream Partners, LP's common units is 958669 103.

WESTERN MIDSTREAM CONTACTS

Daniel Jenkins
Director, Investor Relations
Investors@westernmidstream.com
866-512-3523

Rhianna Disch
Manager, Investor Relations
Investors@westernmidstream.com
866-512-3523

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SOURCE Western Midstream Partners, LP

FAQ

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What distribution did Western Midstream (WES) declare for Q4 2025?

Western Midstream declared a quarterly cash distribution of $0.910 per unit for Q4 2025, or $3.64 annualized.

When is the WES Q4 2025 distribution payable and what is the record date?

The distribution is payable on February 13, 2026 to unitholders of record at the close of business on February 2, 2026.

When will Western Midstream release Q4 2025 earnings and hold the conference call?

Q4 2025 results will be released after market close on February 18, 2026, with a conference call on February 19, 2026 at 9:00 a.m. Central.

How can investors join the WES Q4 2025 earnings call and webcast?

Dial 888-880-3330 (U.S.) or 646-357-8766 (international) and access the live audio webcast or replay at www.westernmidstream.com under Investor Relations.

Will there be a replay of the Western Midstream Q4 2025 conference call?

Yes. A replay of the conference call will be available on the Partnership's investor relations website following the call.

Is the Q4 2025 distribution from WES higher than the prior quarter?

No. The Q4 2025 distribution of $0.910 per unit is in-line with the prior quarter's distribution.