Western Midstream Partners LP

WES

Equity

ISIN null / Valor 46582098

New York Stock Exchange, Inc (2025-10-21)

USD 37.60-1.26%

Western Midstream Partners LP
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About company

Western Midstream Partners LP is a midstream energy company that operates independently following its separation from Occidental Petroleum in December 2019. Headquartered in The Woodlands, Texas, the company employs over 1,200 people and focuses on providing essential services in the energy sector. Its core operations include gathering, compressing, treating, processing, and transporting natural gas, as well as handling condensate, natural gas liquids (NGLs), crude oil, and produced water. Western Midstream's primary assets are located in the Delaware Basin in West Texas and New Mexico, and the DJ Basin in northeastern Colorado, with additional operations in South Texas, Utah, and Wyoming. The company also engages in the buying and selling of natural gas, NGLs, and condensate under specific gas processing contracts. Originally formed by Anadarko Petroleum Corporation in 2007, Western Midstream began trading on the New York Stock Exchange in 2008 as a master limited partnership under the ticker symbol WES.

Summarized from source with an LLMView SourceSector: Energy

Record Earnings and EBITDA

In the second quarter of 2025, Western Midstream Partners LP reported a net income attributable to limited partners of $333.8 million, translating to $0.87 per common unit (diluted). The company also achieved a record Adjusted EBITDA of $617.9 million, marking the highest quarterly performance in its history.

Strong Cash Flow Generation

The partnership generated $564.0 million in cash flows from operating activities and $388.4 million in Free Cash Flow during the second quarter of 2025. These robust cash flows support the company's ongoing investments and distributions to unitholders.

Consistent Distributions

Western Midstream Partners LP announced a second-quarter distribution of $0.910 per unit, maintaining consistency with the prior quarter’s distribution. This results in an annualized distribution rate of $3.64 per unit, demonstrating the company’s commitment to providing steady returns to its investors.

Strategic Growth Initiatives

The company is advancing its growth strategy by acquiring Aris Water Solutions, Inc., and sanctioning a new 300 MMcf/d cryogenic natural-gas processing train at the North Loving plant in the Delaware Basin. These initiatives are expected to enhance operational capacity and market reach, positioning Western Midstream Partners LP for sustained growth.

Reaffirmed Financial Guidance

Western Midstream Partners LP reaffirmed its 2025 financial guidance, with Adjusted EBITDA projected between $2.350 billion and $2.550 billion, total capital expenditures ranging from $625 million to $775 million, and Free Cash Flow expected to be between $1.275 billion and $1.475 billion. This reaffirmation underscores the company’s confidence in achieving its financial targets.

Summarized from source with an LLMView Source

Key figures

-1.88%1Y

33.8%3Y

330%5Y

Performance

27.1%1Y

26.3%3Y

35.9%5Y

Volatility