Western Midstream Announces Second-Quarter 2026 Results and Revised Full-year Guidance

Western Midstream Announces Second-Quarter 2026 Results and Revised Full-year Guidance

* Reported second-quarter 2026 Net income attributable to limited partners of $394.9 million, generating record quarterly Adjusted EBITDA((1)) of $736.5 million, which represents a 19-percent increase compared to the prior-year period, and second-quarter Distributable Cash Flow((1)) of $537.2 million. * Reported second-quarter 2026 Cash flows provided by operating activities of $534.7 million, generating second-quarter Free Cash Flow((1)) of $263.6 million. * Announced a second-quarter distribution of $0.930 per unit, which is consistent with the prior quarter's distribution, and reflects a distribution of $3.72 per unit on an annualized basis. * Providing revised 2026 Adjusted EBITDA((2)), Distributable Cash Flow((2)), and Free Cash Flow((2)) guidance ranges of $2.750 billion to $2.950 billion, $2.050 billion to $2.250 billion, and $1.100 billion to $1.300 billion, respectively. * Reaffirming 2026 total capital expenditures((3)) range of $850.0 million to $1.0 billion. * Executed two new gathering and processing agreements in the Powder River Basin, adding approximately 270,000 dedicated acres to WES's basin footprint, and supporting 2027 natural-gas throughput growth in the basin. HOUSTON, Aug. 5, 2026 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced second-quarter 2026 financial and operating results. Net income (loss) attributable to limited partners for the second quarter of 2026 totaled $394.9 million, or $0.99 per common unit (diluted), with second-quarter 2026 Adjusted EBITDA((1)) totaling $736.5 million and Distributable Cash Flow((1)) totaling $537.2 million. Second-quarter 2026 Cash flows provided by operating activities totaled $534.7 million and second-quarter 2026 Free Cash Flow((1)) totaled $263.6 million. Second-quarter 2026 capital expenditures((3)) totaled $308.3 million.