secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Partners, LP (WES)
CIK:        0001423902
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001423902-22-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Midstream reports record Q1 Adjusted EBITDA of $539.1M, raises 2022 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423902/000142390222000015/0001423902-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423902/000142390222000015/wes-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001423902-22-000015

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