{"filings":[{"id":1277037,"accession_number":"0001423902-26-000060","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2026-06-25T20:16:27+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"Western Midstream closes $700M offering of 5.700% Senior Notes due 2036","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$700M aggregate principal of 5.700% Senior Notes due 2036 priced at 99.705% of face; interest payable semi-annually starting Jan 1, 2027.","Net proceeds to repay borrowings under revolving credit facility and commercial paper program, including cash consideration for Brazos Delaware II acquisition.","Notes are senior unsecured obligations of Western Midstream Operating, LP; mature July 1, 2036, redeemable at issuer's option prior to maturity.","Underwriting agreement signed June 22 with TD Securities, Barclays, Citigroup, and MUFG as representatives."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1023996,"accession_number":"0001423902-26-000054","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2026-06-12T18:43:38+00:00","items":["1.01","3.02","7.01","9.01"],"status":"ready","headline":"WES closes $1.6B Brazos Delaware acquisition with cash and unit consideration","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired Brazos Delaware II, LLC for ~$1.6B: ~$800M cash + ~19.4M common units valued at ~$800M.","Expands gathering/processing footprint in the Delaware Basin; transaction is accretive to per-unit metrics.","Seller received six-month lock-up on common units and customary registration rights for resale.","Deal protects WES's balance sheet and investment-grade credit ratings, funded by cash and equity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":92778,"accession_number":"0001423902-26-000043","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2026-05-06T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"WES Q1 adj EBITDA record $683M; acquires Brazos Delaware for $1.6B","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net income $342.4M ($0.85/diluted), record Adj EBITDA $683.1M (+15% YoY), DCF $508.9M.","Q1 distribution $0.930/unit (+2.2% QoQ); expects high-end of 2026 adj EBITDA and DCF guidance.","Acquires Brazos Delaware II for ~$1.6B ($800M cash + $800M common units), close late Q2 2026.","Brazos adds 470K dedicated acres, 460 MMcf/d processing; ~8.0x 2027 EBITDA multiple, immediately accretive."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103888,"accession_number":"0001423902-26-000029","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2026-02-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Western Midstream posts record 2025 Adj. EBITDA $2.48B, beats guidance; 2026 outlook projects ~5% growth","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full-year 2025 Adj. EBITDA $2.481B (6% YoY), Free Cash Flow $1.526B (15% YoY), both above guidance ranges.","Q4 net income $187.2M, Adj. EBITDA $635.6M; distribution held at $0.910/unit, board to consider $0.93/unit increase.","2026 Adj. EBITDA guide $2.5B-$2.7B (midpoint ~5% growth); capex cut to $925M midpoint from prior $1.1B.","Record 2025 natural-gas throughput 5.2 Bcf/d; produced-water +40% on Aris acquisition.","Post-year-end renegotiated Delaware Basin contracts with Occidental and ConocoPhillips to fixed-fee structure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":3843403000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103887,"accession_number":"0001423902-26-000004","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2026-01-22T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Western Midstream renegotiates Delaware Basin gas contracts, redeems $610M common units","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amends Occidental gathering contract from cost-of-service to fixed-fee with new MVCs through 2027.","Occidental transfers 15.3M WES common units (~$610M) for redemption; its ownership falls to ~40%.","ConocoPhillips signs fixed-fee gathering/processing deal for existing volumes, cutting related-party revenue >10%.","Cumulative operating cash flow reduction expected to be offset by distribution savings from unit redemption.","~9% of total revenue remains cost-of-service; remaining cost-of-service terms extend into mid-late 2030s."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120169,"accession_number":"0001423902-25-000110","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2025-12-04T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"WES subsidiary prices $1.2B senior notes offering in two tranches due 2031/2035","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$600M 4.800% Senior Notes due 2031 and $600M 5.500% Senior Notes due 2035 issued on Dec 4, 2025.","Net proceeds to repay maturing 4.650% notes due 2026 and commercial paper (including borrowings for Aris Water Solutions acquisition).","Notes rank equally with existing senior indebtedness; no subsidiary guarantees initially but may apply if subsidiaries become borrowers under revolving credit facility.","Interest payable semi-annually; 2031 notes mature March 1, 2031; 2035 notes mature Dec 15, 2035."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120168,"accession_number":"0001423902-25-000105","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2025-11-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"WES Q3 net income $331.7M; record Adj. EBITDA $633.8M; closes Aris deal","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $331.7M ($0.87/diluted unit); record Adj. EBITDA $633.8M, second consecutive quarterly record.","Free Cash Flow $397.4M; distribution unchanged at $0.910/unit ($3.64 annualized).","Natural-gas throughput 5.4 Bcf/d (+2% seq.); crude-oil/NGLs 510 MBbls/d (-4% seq.); produced-water flat.","Closed Aris acquisition on Oct 15: issued 26.6M common units, $415M cash, assumed ~$500M debt.","Guidance: expects to be near high end of 2025 Adj. EBITDA ($2,350-2,550M) and above high end of FCF ($1,275-1,475M)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":2811922000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120167,"accession_number":"0001423902-25-000097","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2025-10-15T23:59:59+00:00","items":["2.01","7.01","8.01","9.01"],"status":"ready","headline":"Western Midstream completes acquisition of Aris Water Solutions for $415M cash + 26.6M units","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Each Aris share converted into 0.625 WES units, $25 cash (subject to proration), or 0.45 units + $7 cash.","Final elections: 14.4M shares elected all stock, 33.8M all cash (prorated to ~$10 cash + 0.375 units), 11.0M mixed.","Aris 7.250% Senior Notes due 2030 remain outstanding and assumed by WES OpCo.","WES becomes one of largest three-stream midstream providers in Delaware Basin; expects to lead integrated water solutions.","Total consideration ~28% cash, ~72% equity; $415M cash and ~26.6M WES common units issued."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136736,"accession_number":"0001423902-25-000063","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2025-08-06T23:59:59+00:00","items":["1.01","2.02","7.01","9.01"],"status":"ready","headline":"WES to acquire Aris Water Solutions in $415M cash-plus-stock deal","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Each Aris share elects 0.625 WES units, $25 cash (capped at $415M total), or 0.450 units + $7 cash.","Aris stockholders expected to own ~7% of WES post-closing.","Aris board unanimously approved; requires Aris stockholder vote, HSR, S-4 effectiveness.","Termination fee of $57M payable by Aris under certain conditions.","Aris and WES also amended Tax Receivable Agreement with $80M cash payment to terminate it."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":153964,"accession_number":"0001423902-25-000048","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2025-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"WES Q1 net income $301.8M; Adjusted EBITDA $593.6M; distribution raised 4% to $0.910/unit","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $301.8M ($0.79/diluted unit); Adjusted EBITDA $593.6M; FCF $399.4M on $530.8M operating cash flow.","Record Delaware Basin nat-gas throughput 2.0 Bcf/d; North Loving plant started Feb, adding 250 MMcf/d capacity.","Distribution $0.910/unit payable May 15, 2025, 4% increase over prior quarter, $3.64 annualized.","Retired $664M senior notes Jan 2025; 2025 capex guidance reaffirmed $625-775M; steel ordered for Pathfinder Pipeline."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":917116000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":153963,"accession_number":"0001423902-25-000039","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2025-04-09T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"Western Midstream extends $1.88B revolver maturity to 2030","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Consent obtained to extend maturity on $1,880M of RCF commitments from April 6, 2029 to April 6, 2030.","Extension is the second (and final) option under Section 2.24 of the RCF.","As of April 7, 2025, no borrowings or letters of credit were outstanding on the RCF.","Western Midstream Operating, LP, a subsidiary of WES, obtained the lender consent."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172611,"accession_number":"0001423902-25-000030","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2025-02-26T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"WES beats 2024 Adj. EBITDA & FCF guidance; sanctions $400M+ Pathfinder pipeline; proposes 4% distribution hike","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full-year 2024 Adj. EBITDA $2.344B, FCF $1.324B; both above guidance ranges (midpoint $2.3B, high end $1.25B).","Proposed Q1 2025 distribution $0.910/unit (+4% QoQ, +13% YoY); annualized $3.64; targets mid-single-digit annual growth.","Sanctioned Pathfinder produced-water pipeline; 30-in., 42-mi, >800 MBbls/d capacity; $400-450M cost; in-service by Jan 1, 2027.","2025 guidance: Adj. EBITDA $2.35-2.55B (midpoint +5% YoY); capex $625-775M; FCF $1.275-1.475B.","Full-year net income $1.537B ($4.02 diluted EPS); record throughput and double-digit YoY growth across all product lines."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":3605223000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172610,"accession_number":"0001423902-25-000014","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2025-02-18T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"WES enters retirement agreement with SVP/Chief Commercial Officer Bourne; consulting fee $77,250/mo for 6 months","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Robert Bourne to serve as advisor through Mar 3, 2025 then six-month consultant at $77,250 monthly.","Receives pro rata 2025 target bonus, equity vesting, new time-vested award valued at $2.1M (2-year vest), and performance awards of $250k each (TUR and ROA).","Continued health/life/dental coverage for two years; non-compete/non-solicit covenants run two years post-retirement.","Agreement includes general release of claims and mutual non-disparagement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189603,"accession_number":"0001423902-24-000077","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2024-11-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"WES Q3 net income $281.8M, adj. EBITDA $566.9M; lowers throughput growth outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $281.8M ($0.74/diluted unit); Adj. EBITDA $566.9M; Free cash flow $365.1M.","Base distribution $0.875/unit ($3.50 annualized), in-line with prior quarter.","Issued $800M of 5.450% senior notes due 2034, proceeds to repay 2025 notes.","Record Delaware Basin natural-gas throughput 1.9 Bcf/d (+2% QoQ) and crude/NGLs 246 MBbls/d.","Management lowers year-over-year crude-oil/NGLs & produced-water throughput growth expectations; still sees Adj. EBITDA towards high end of $2.2-2.4B guidance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":2676720000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189602,"accession_number":"0001423902-24-000074","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2024-11-01T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"WES appoints Oscar Brown as President & CEO, replacing Michael Ure effective Oct 28","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Oscar Brown appointed President and CEO of General Partner effective Oct 28, 2024; he was independent director since 2019.","Michael Ure steps down as President/CEO and director, no disagreement; will serve as advisor through Dec 31, 2024.","Brown compensation: $950k base, $300k special 2024 bonus, $6M time-based units vesting over 3 years.","Ure severance: 2x base salary + 2024 target bonus paid over 24 months; plus benefits, equity pro-rata vest.","Reaffirms 2024 guidance: Adj. EBITDA $2.2B-$2.4B, FCF $1.05B-$1.25B, expecting high end."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206104,"accession_number":"0001423902-24-000065","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2024-08-20T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"WES Operating prices $800M of 5.450% Senior Notes due 2034 at 99.743% of par","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Interest accrues from Aug 20, 2024, payable semi-annually on May 15 and Nov 15, maturing Nov 15, 2034.","Net proceeds to repay portions of WES Operating's 3.100% and 3.950% Senior Notes due 2025 and fund capex.","Offering closed Aug 20, 2024; underwriters led by TD Securities, BofA Securities, MUFG, and PNC Capital Markets.","Notes rank equally with all existing and future senior indebtedness; initially no subsidiary guarantees."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206103,"accession_number":"0001423902-24-000058","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2024-08-14T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Western Midstream selling unitholders to offer 19M common units at $35.75 in secondary offering","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Selling unitholders (WGR Asset Holding, Anadarko USH1) selling 19M units at $35.75; underwriter option for 2.85M more.","Partnership will not receive any proceeds from the offering.","Offering expected to close August 14, 2024; lock-up agreement for 45 days for certain parties.","Underwriting agreement includes customary indemnification and representations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206102,"accession_number":"0001423902-24-000053","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2024-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Western Midstream Q2 net income $369.8M, Adj. EBITDA $578.1M; distribution $0.875/unit","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $369.8M ($0.97 diluted/unit); Adjusted EBITDA $578.1M; Free cash flow $424.8M.","Record natural-gas throughput: Delaware 1.9 Bcf/d, DJ Basin 1.5 Bcf/d, both +6% sequentially.","Total debt reduced $762.6M since year-end 2023; net leverage threshold of 3.0x achieved early.","Executed agreements: P66 DJ Basin extension (+200 MMcf/d from 2026), Kinder Morgan Chipeta (150 MMcf/d).","Q2 capex $207.5M; guidance reaffirmed for 2024 Adjusted EBITDA and FCF toward high end."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":1793358000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223142,"accession_number":"0001423902-24-000042","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2024-05-16T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Western Midstream extends $1.88B revolver maturity one year to April 2029","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Extended maturity on $1.88B of commitments from April 2028 to April 6, 2029.","No borrowings outstanding under the $2.0B facility; $5.1M in letters of credit.","Total revolving credit facility remains at $2.0 billion with 17 lenders.","Borrower has one remaining one-year extension option under the credit agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223141,"accession_number":"0001423902-24-000036","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2024-05-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Western Midstream Q1 net income $559.5M, record EBITDA, distribution up 52%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to LPs of $559.5M ($1.47/diluted unit); record Adjusted EBITDA $608.4M.","First-quarter Base Distribution $0.875/unit ($3.50 annualized), a 52% increase over prior quarter.","Free cash flow $225.0M; year-to-date repurchased $150M of senior notes at ~96% of par.","Closed five non-core asset sales for $794.8M; Mentone III started up in early April.","Raised 2024 throughput growth expectations; guiding to high-end of prior Adjusted EBITDA and FCF ranges."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":887729000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":242629,"accession_number":"0001423902-24-000021","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2024-02-21T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"WES Q4 earnings beat; sells non-core assets for $790M, plans 52% distribution increase","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Q4 net income $281.6M ($0.74/unit); FY net income $998.5M; adj EBITDA $2.069B exceeded guidance.","Sold non-core assets for $790M (9.6x 2023 EBITDA); some closed Feb 16, rest Q1/Q2 2024.","2024 guidance: adj EBITDA $2.200-2.400B, capex $700-850M, FCF $1.050-1.250B.","Plans to recommend 52% base distribution increase to $0.875/unit quarterly ($3.50 annualized), at least $3.20/unit in 2024.","Record annual throughput: nat gas 4.4 Bcf/d (+5%), crude/NGLs 652 MBbls/d (+7%), water 1,009 MBbls/d (+21%)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":260018,"accession_number":"0001423902-23-000068","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2023-11-16T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Western Midstream establishes $2B commercial paper program for general purposes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Subsidiary WES Operating entered dealer agreements for a $2B CP program.","Proceeds may be used for general partnership purposes; notes unsecured, max 397-day maturity.","No notes issued as of filing date; program adds liquidity flexibility.","Notes issued under Section 4(a)(2) exemption, not registered under Securities Act.","Pricing will depend on market conditions and CP program credit ratings."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":260017,"accession_number":"0001423902-23-000064","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2023-11-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Western Midstream Q3 net income $270.8M; raises distribution 2.2%; closes Meritage acquisition","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Record Q3 Adjusted EBITDA $510.9M, net income $270.8M ($0.70/unit).","Base distribution increased 2.2% to $0.5750/unit quarterly ($2.30 annualized).","Repurchased 5.1M units from Oxy for $127.5M; bought back $159.1M near-term notes at ~94% par.","Closed Meritage acquisition in PRB for $885M; expects 2023 EBITDA towards high end of $1.95-2.05B.","Delaware Basin record throughput: nat gas 1.67 Bcf/d, crude/NGL 220 MBbls/d, water 1,101 MBbls/d."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":2248268000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":277297,"accession_number":"0001423902-23-000059","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2023-09-29T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"Western Midstream Operating closes $600M 6.35% senior notes due 2029","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Offered $600M aggregate principal of 6.350% Senior Notes due Jan 15, 2029.","Net proceeds to fund portion of pending Meritage Midstream Services II acquisition and for general purposes.","Priced at 99.786% of face; underwriters include Barclays, Citigroup, Deutsche Bank, SMBC Nikko.","Interest payable semi-annually Jan 15 and Jul 15; first payment Jan 15, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":277296,"accession_number":"0001423902-23-000054","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2023-09-12T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"WES repurchases 5.1M common units from Occidental for $127.5M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["5.1 million common units repurchased from Occidental subsidiary at $25 per unit.","Occidental's indirect ownership falls to 48.8% of outstanding common units.","Repurchase is part of previously announced $1.250 billion buyback program.","Transaction approved by special committee of independent directors of WES's general partner."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":277295,"accession_number":"0001423902-23-000050","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2023-08-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"WES Q2 net income $247M; cuts 2023 Adj EBITDA guidance ~5% to $1.95-2.05B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 net income $247.1M ($0.64/diluted unit); Adj EBITDA $488.3M, cash from ops $490.8M, FCF $340.1M.","Base distribution raised 12.5% to $0.5625/unit quarterly ($2.25 annualized); payable Aug 14.","Repurchased $117.6M of senior notes in Q2 at ~94% par; $159.1M post-Q2, totaling $276.7M.","Revised 2023 Adj EBITDA guidance to $1.95-2.05B (5% cut at midpoint); FCF $900M-$1B; capex unchanged $700-800M.","Record Delaware Basin nat-gas throughput 1.59 Bcf/d; secured investment-grade rating from Fitch (BBB-)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":1472255000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":295189,"accession_number":"0001423902-23-000040","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2023-05-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Western Midstream Q1 net income $199M, Adj. EBITDA $498.7M; record Delaware throughput; distribution $0.856/unit","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $199.0M ($0.52 diluted EPS); Adjusted EBITDA $498.7M; Free cash flow $141.6M.","Record Delaware Basin nat-gas throughput 1.57 Bcf/d (+3% seq); produced-water 977 MBbls/d (+13% seq).","Distribution of $0.856/unit ($0.500 base + $0.356 enhanced); payable May 15, 2023.","Closed $750M 6.150% senior notes due 2033; extended credit facility to $2B through 2028.","Executed long-term amendment with Occidental for up to 300 MMcf/d additional firm processing capacity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":733982000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":295188,"accession_number":"0001423902-23-000034","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2023-04-10T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Western Midstream Operating enters $2B revolving credit facility maturing April 2028","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Fourth Amended and Restated Revolving Credit Agreement for up to $2 billion, with an accordion to increase to $2.5 billion.","Facility matures April 6, 2028, extendable by one year twice; replaces 2018 credit agreement.","SOFR loans priced at Adjusted Term SOFR plus an applicable margin ranging from 1.00% to 1.70%.","Leverage covenant set at 5.00x consolidated debt/EBITDA (5.50x for 270 days following certain acquisitions).","Facility fee ranges from 0.125% to 0.300% per annum on total commitments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":295187,"accession_number":"0001423902-23-000030","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2023-04-05T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"Western Midstream Operating prices $750M of 6.150% Senior Notes due 2033","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $750M aggregate principal of 6.150% Senior Notes due April 1, 2033.","Net proceeds to repay borrowings under revolving credit facility and for general partnership purposes.","Notes priced at 99.728% of face value; interest payable semi-annually on April 1 and October 1.","Underwriters: TD Securities, MUFG, Wells Fargo; offering completed April 4, 2023.","Notes are senior unsecured obligations of Western Midstream Operating, LP."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":315758,"accession_number":"0001423902-23-000022","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2023-02-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Western Midstream reports record 2022 net income of $1.19B; recommends $140M Enhanced Distribution","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2022 net income $328.6M ($0.85 diluted EPS); full-year net income $1.190B ($3.01 diluted EPS).","Full-year Adjusted EBITDA $2.128B (within guidance); Free cash flow $1.268B (within guidance).","Year-end net leverage ratio 3.1x, below 3.4x threshold; repurchased $487.6M in units in 2022.","2023 guidance: Adjusted EBITDA $2.05B-$2.15B; capex $575M-$675M; Base Distribution $2.00/unit annualized.","Recommend 2022 Enhanced Distribution of $140M (~$0.36/unit), payable in May 2023 if approved."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":3251721000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":334103,"accession_number":"0001423902-22-000036","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2022-11-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"WES Q3 net income $259.5M, Adj. EBITDA $524.8M; Delaware Basin throughput records; divested Cactus II stake for $265M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to LPs $259.5M ($0.67/unit diluted); Adj. EBITDA $524.8M; FCF $330.4M.","Record Delaware Basin natural-gas throughput 1.54 Bcf/d (+3% seq); produced-water throughput 895 MBbls/d (+1% seq).","Sold 15% interest in Cactus II for $265M after Q3 end; increased unit buyback program to $1.25B (from $1.0B).","Acquired remaining 50% of Ranch Westex JV for $41M, adding 125 MMcf/d processing capacity in West Texas.","Adj. EBITDA declined sequentially due to lower NGL pricing/volumes, higher O&M expense; distribution held at $0.50/unit."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":2472284000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":334102,"accession_number":"0001423902-22-000029","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2022-10-05T23:59:59+00:00","items":["5.02","8.01"],"status":"ready","headline":"Western Midstream announces departure of Co-COO Collins and appointment of Forsyth as SVP North Ops","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Craig W. Collins, SVP and Co-COO, to leave effective Nov 11, 2022; departure not due to disagreement.","Daniel P. Holderman remains as SVP South Operations overseeing Delaware Basin and South Texas.","Michael S. Forsyth appointed SVP North Operations effective Oct 3, 2022; previously VP Engineering.","Forsyth has over 30 years energy industry experience, formerly at Anadarko."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":351509,"accession_number":"0001423902-22-000027","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2022-08-29T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Western Midstream appoints Daniel Holderman as Senior VP and Co-COO effective Aug 29","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Holderman appointed Co-COO overseeing Delaware Basin operations; Collins continues overseeing Rockies, South Texas, equity investments.","Compensation: $375,000 base salary, annual cash incentive target 80% of base.","Equity award of 17,637 time-based phantom units vesting 20% Feb 2023, 40% Feb 2024, 40% Feb 2025.","Previously Director, Delaware Basin Asset at Oxy USA (Occidental); 9 years prior at ExxonMobil."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":351508,"accession_number":"0001423902-22-000022","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2022-08-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Western Midstream Q2 2022: record Adj. EBITDA $548.3M, net income $299.6M, unit buyback $425.4M YTD","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $299.6M ($0.74/diluted unit); record Adjusted EBITDA $548.3M; FCF $372.1M.","Delaware Basin natural-gas throughput record 1.5 Bcf/d (+13% seq.); produced-water throughput record 864 MBbls/d (+15% seq.).","Year-to-date repurchased 17.1M units for $425.4M; $1B buyback program 43% completed.","Retired $502.2M senior notes due 2022; total notes repurchased since Jan 2020 > $1.65B.","Q2 distribution $0.50/unit payable Aug 12, consistent with annualized $2.00/unit target."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":1634716000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":368891,"accession_number":"0001423902-22-000019","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2022-06-21T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"WES Operating amends revolver; extends $1.6B to Feb 2026, adopts SOFR","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Third amendment extends maturity for $1.6 billion of commitments to February 14, 2026.","Borrowing base switched from LIBOR to Term SOFR plus a 0.10% adjustment.","Pricing grid adds tier: drawn pricing rises 0.25% (or 0.5%) if credit ratings drop below BB/Ba2/BB.","Outstanding borrowings of $315 million plus $5.1 million letters of credit as of June 14, 2022.","Borrower may extend maturity by one year on up to two additional occasions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":368890,"accession_number":"0001423902-22-000015","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2022-05-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Western Midstream reports record Q1 Adjusted EBITDA of $539.1M, raises 2022 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $301.9M ($0.75 diluted EPS); Adjusted EBITDA record $539.1M, Free cash flow $200.3M.","2022 guidance raised: Adjusted EBITDA $2.125-2.225B (midpoint +$200M), FCF $1.25-1.35B.","Signed long-term agreements with Occidental, ConocoPhillips, DCP; sanctioned Mentone Train III (300 MMcf/d, Q4 2023).","Repurchased 225,355 units for $5.1M; retired $502.2M senior notes due 2022 in April.","Q1 distribution $0.50/unit (52.9% increase vs prior quarter); annualized $2.00 target unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":758297000.0,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":368889,"accession_number":"0001423902-22-000010","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2022-05-05T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Western Midstream appoints Kristen Shults as CFO; grants phantom unit awards","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kristen S. Shults, age 37, appointed SVP and CFO of WES GP (general partner) effective May 2, 2022.","Previously SVP Finance and Communications since May 2021; prior roles at Anadarko (Occidental) and Ernst & Young.","Received phantom unit awards: 21,676 time-based (3-year vest), 10,838 TSR-based, 10,838 ROA-based.","Awards under 2017 LTIP; settle in common units upon vesting; distribution equivalent rights paid quarterly or at end.","No other arrangements or relationships requiring disclosure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":388140,"accession_number":"0001423902-22-000006","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2022-02-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Western Midstream FY2021 Adj. EBITDA $1.947B beats guidance; 53% distribution increase, $1B buyback announced","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full-year 2021 Adj. EBITDA $1.947B beat guidance high-end of $1.925B; net income $896.5M ($2.18 diluted EPS).","Q4 Adj. EBITDA $480.9M (incl. $26.2M unfavorable non-cash adjustment); Free cash flow $576.5M.","2022 guidance: Adj. EBITDA $1.925-$2.025B, capex $375-$475M, distribution at least $2.00/unit annually.","Expects ~53% distribution increase effective Q1 2022; new $1.0B unit repurchase program through 2024; annual enhanced distribution framework from 2023 contingent on leverage targets.","Year-end leverage ratio ~3.6x (net 3.5x); S&P upgraded to BBB- (investment grade); Q4 repurchased 5.6M units for $113.1M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":2877155000.0,"consensus_period":"2021-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":406077,"accession_number":"0001423902-21-000048","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2021-12-15T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Vangolen resigns, Bennett elected Chairman; Forthuber appointed; SVP Griffie departs","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Glenn Vangolen resigns from Board effective Dec 17, 2021 due to retirement from Occidental; Peter J. Bennett elected Chairman effective Dec 14, 2021.","Frederick A. Forthuber appointed to Board effective Dec 17, 2021; will serve on ESG Committee replacing Bennett.","Charles G. Griffie, SVP Operations and Engineering, departs; no disagreement; will receive severance per Executive Severance Plan and signed release."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":406076,"accession_number":"0001423902-21-000043","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2021-11-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"WES Q3 net income $250.2M ($0.61/unit), raises 2021 Adj. EBITDA guidance above $1.925B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 net income $250.2M ($0.61 per unit), Adjusted EBITDA $531.6M; Free cash flow $320M.","Raised 2021 Adjusted EBITDA guidance to exceed $1.925B high end; capex to be below $375M.","Tendered $500M of Senior notes due 2022-2026 for $521.9M, saving $20.6M/year in borrowing costs.","Repurchased 4.5M common units for $88.1M in Q3; $113M remaining under $250M buyback program.","Q3 distribution of $0.323/unit (1.3% increase QoQ); Debt-to-TTM Adj. EBITDA below 3.7x."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":2157945000.0,"consensus_period":"2021-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":425082,"accession_number":"0001423902-21-000030","cik":1423902,"company_name":"Western Midstream Partners, LP","ticker":"WES","form_type":"8-K","filed_at":"2021-08-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Western Midstream Q2 net income $226.3M, adj EBITDA $491.1M; raises 2021 EBITDA guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $226.3M ($0.55/diluted unit); Adj EBITDA $491.1M; Free cash flow $379.8M.","Record DJ Basin gas throughput 1.4 Bcf/d (+5% QoQ); total gas throughput 4.3 Bcf/d.","New long-term gas gathering/processing agreement with Crestone dedicating ~74,000 acres and potential 148,000 additional acres.","Q2 distribution increased to $0.319/unit (+1.3% sequential, 5% annualized growth).","Expects 2021 capex at or above high end ($275M–$375M); Adj EBITDA near high end of $1.825B–$1.925B."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":1394105000.0,"consensus_period":"2021-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":18637670000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}