---
schema_version: "secwatch.filing_event.v1"
accession: "0001423902-22-000036"
form_type: "8-K"
ticker: "WES"
cik: "0001423902"
company_name: "Western Midstream Partners, LP"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T13:15:05.525685+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001423902-22-000036
- form_type: 8-K
- ticker: WES
- cik: 0001423902
- company_name: Western Midstream Partners, LP
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1423902/000142390222000036/0001423902-22-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1423902/000142390222000036/wes-20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001423902-22-000036
- JSON: https://secwatch.observer/filing/0001423902-22-000036.json
- Plain text: https://secwatch.observer/filing/0001423902-22-000036.txt

## Key facts
- Earnings Releases
  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
  source text: Net income (loss) attributable to limited partners for the third quarter of 2022 totaled $259.5 million, or $0.67 per common unit (diluted)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1423902/000142390222000036/0001423902-22-000036-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.