Western Midstream Q1 net income $199M, Adj. EBITDA $498.7M; record Delaware throughput; distribution $0.856/unit

Western Midstream Partners, LP

Net income $199.0M ($0.52 diluted EPS); Adjusted EBITDA $498.7M; Free cash flow $141.6M.
Record Delaware Basin nat-gas throughput 1.57 Bcf/d (+3% seq); produced-water 977 MBbls/d (+13% seq).
Distribution of $0.856/unit ($0.500 base + $0.356 enhanced); payable May 15, 2023.
Closed $750M 6.150% senior notes due 2033; extended credit facility to $2B through 2028.
Executed long-term amendment with Occidental for up to 300 MMcf/d additional firm processing capacity.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Western Midstream Partners, LP reported first-quarter 2023 results: net income Net income attributable to limited partners of $199.0 million, EPS $0.52 per common unit (diluted).

Period: first-quarter 2023
Net income: Net income attributable to limited partners of $199.0 million
EPS: $0.52 per common unit (diluted)
Result: reported results

Exact text from the filing

Net income (loss) attributable to limited partners for the first quarter of 2023 totaled $199.0 million, or $0.52 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 0001423902-23-000040

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