WES Q3 net income $259.5M, Adj. EBITDA $524.8M; Delaware Basin throughput records; divested Cactus II stake for $265M

Western Midstream Partners, LP

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.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Western Midstream Partners, LP reported third quarter of 2022 results: net income Net income (loss) attributable to limited partners for the third quarter of 2022 totaled $259.5 million, EPS $0.67 per common unit (diluted).

Period: third quarter of 2022
Net income: Net income (loss) attributable to limited partners for the third quarter of 2022 totaled $259.5 million
EPS: $0.67 per common unit (diluted)
Result: reported results

Exact text from the filing

Net income (loss) attributable to limited partners for the third quarter of 2022 totaled $259.5 million, or $0.67 per common unit (diluted)

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

Western Midstream Partners, LP filing history →

Source: SEC EDGAR

accession 0001423902-22-000036

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