secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Partners, LP (WES)
CIK:        0001423902
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001423902-22-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Midstream Q2 2022: record Adj. EBITDA $548.3M, net income $299.6M, unit buyback $425.4M YTD
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423902/000142390222000022/0001423902-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423902/000142390222000022/wes-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001423902-22-000022

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