secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Partners, LP (WES)
CIK:        0001423902
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001423902-23-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423902/000142390223000040/0001423902-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423902/000142390223000040/wes-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001423902-23-000040

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