WES Q2 net income $247M; cuts 2023 Adj EBITDA guidance ~5% to $1.95-2.05B

Western Midstream Partners, LP

Q2 net income $247.1M ($0.64/diluted unit); Adj EBITDA $488.3M, cash from ops $490.8M, FCF $340.1M.
Base distribution raised 12.5% to $0.5625/unit quarterly ($2.25 annualized); payable Aug 14.
Repurchased $117.6M of senior notes in Q2 at ~94% par; $159.1M post-Q2, totaling $276.7M.
Revised 2023 Adj EBITDA guidance to $1.95-2.05B (5% cut at midpoint); FCF $900M-$1B; capex unchanged $700-800M.
Record Delaware Basin nat-gas throughput 1.59 Bcf/d; secured investment-grade rating from Fitch (BBB-).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Western Midstream Partners, LP reported second-quarter 2023 results: net income $247.1 million, EPS $0.64 per common unit (diluted). Guidance lowered.

Period: second-quarter 2023
Net income: $247.1 million
EPS: $0.64 per common unit (diluted)
Guidance: lowered
Result: reported results

Exact text from the filing

Western Midstream Partners, LP issued a press release announcing second-quarter 2023 results.

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 0001423902-23-000050

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.