---
schema_version: "secwatch.filing_event.v1"
accession: "0001423902-23-000050"
form_type: "8-K"
ticker: "WES"
cik: "0001423902"
company_name: "Western Midstream Partners, LP"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T01:27:11.995559+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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-).

## SEC filing metadata
- accession: 0001423902-23-000050
- form_type: 8-K
- ticker: WES
- cik: 0001423902
- company_name: Western Midstream Partners, LP
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1423902/000142390223000050/0001423902-23-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1423902/000142390223000050/wes-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001423902-23-000050
- JSON: https://secwatch.observer/filing/0001423902-23-000050.json
- Plain text: https://secwatch.observer/filing/0001423902-23-000050.txt

## Key facts
- Earnings Releases
  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
  source text: Western Midstream Partners, LP issued a press release announcing second-quarter 2023 results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1423902/000142390223000050/0001423902-23-000050-index.htm

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