Western Midstream Partners LP
WES
ISIN null / Valor 46582098
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: EnergyLatest Results (12.11.2025):
Western Midstream Partners LP delivered a record third-quarter 2025 performance, reporting net income attributable to limited partners of $331.7 million and record Adjusted EBITDA of $633.8 million. The quarter also saw robust operating cash flows of $570.2 million and free cash flow of $397.4 million, supported by strong cost management, stable distributions, and a strategic acquisition that positions the company among the largest three-stream midstream providers in the Delaware Basin.
Financial Performance
In Q3 2025, Western Midstream Partners LP achieved a net income of $331.7 million and a record Adjusted EBITDA of $633.8 million. The operating cash flows reached $570.2 million, with free cash flow totaling $397.4 million, underscoring the company's financial strength and efficient cost management.
Capital Allocation & Distributions
The partnership maintained its per-unit distribution at $0.910 for the quarter, consistent with the previous quarter, translating to an annualized distribution of $3.64 per unit. This stable payout reflects confidence in current cash flows and disciplined capital allocation practices.
Strategic Acquisition
Q3 2025 marked the closing of the Aris Water Solutions, Inc. acquisition on October 15, 2025, a significant step that involved issuing approximately 26.6 million common units, a cash payment of $415.0 million, and assuming about $500.0 million in debt. This move enhances Western Midstream Partners LP's integrated capabilities in the Delaware Basin.
Operational Excellence & Future Outlook
Operational highlights include record natural gas throughput and improved system operability, with throughput increasing by 2% sequentially and system reliability reaching 99.6%. Looking ahead, the company anticipates reaching the high end of its 2025 Adjusted EBITDA and free cash flow guidance ranges, reflecting ongoing initiatives in cost optimization and growth acceleration for future profitability.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
15896 M
Market cap (USD)
880,877
Daily traded volume (Shares)
39.41 / 38.63
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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