Western Midstream closes $1.6B acquisition of Brazos Delaware II in Delaware Basin

Western Midstream Operating, LP

Acquisition closed June 11, 2026 for ~$1.6B total: $800M cash + 19.4M WES common units (~$800M).
Brazos Delaware II becomes indirect wholly-owned subsidiary of Western Midstream Partners, LP (NYSE: WES).
Deal expands WES's gathering and processing footprint in the Delaware Basin; expected to be accretive to per-unit metrics.
Transaction structured to protect balance sheet, investment grade credit ratings, and diversify customer base.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.