secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Partners, LP (WES)
CIK:        0001423902
Form:       8-K
Filed at:   2021-08-09T23:59:59+00:00
Accession:  0001423902-21-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Midstream Q2 net income $226.3M, adj EBITDA $491.1M; raises 2021 EBITDA guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423902/000142390221000030/0001423902-21-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423902/000142390221000030/wes-20210809.htm
  HTML page:      https://secwatch.observer/filing/0001423902-21-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer