Western Midstream reports record 2022 net income of $1.19B; recommends $140M Enhanced Distribution

Western Midstream Partners, LP

Q4 2022 net income $328.6M ($0.85 diluted EPS); full-year net income $1.190B ($3.01 diluted EPS).
Full-year Adjusted EBITDA $2.128B (within guidance); Free cash flow $1.268B (within guidance).
Year-end net leverage ratio 3.1x, below 3.4x threshold; repurchased $487.6M in units in 2022.
2023 guidance: Adjusted EBITDA $2.05B-$2.15B; capex $575M-$675M; Base Distribution $2.00/unit annualized.
Recommend 2022 Enhanced Distribution of $140M (~$0.36/unit), payable in May 2023 if approved.

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 full-year 2022 results: net income $1.190 billion, EPS $3.01 per common unit (diluted). Guidance initiated.

Period: full-year 2022
Net income: $1.190 billion
EPS: $3.01 per common unit (diluted)
Guidance: initiated
Result: reported results

Exact text from the filing

Net income (loss) attributable to limited partners for full-year 2022 totaled $1.190 billion, or $3.01 per common unit (diluted)

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Western Midstream Partners, LP reported fourth-quarter 2022 results: net income $328.6 million, EPS $0.85 per common unit (diluted). Guidance initiated.

Period: fourth-quarter 2022
Net income: $328.6 million
EPS: $0.85 per common unit (diluted)
Guidance: initiated
Result: reported results

Exact text from the filing

Net income (loss) attributable to limited partners for the fourth quarter of 2022 totaled $328.6 million, or $0.85 per common unit (diluted)

View on SEC.gov

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

Western Midstream Partners, LP filing history →

Source: SEC EDGAR

accession 0001423902-23-000022

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