secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Partners, LP (WES)
CIK:        0001423902
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001423902-23-000064
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Midstream Q3 net income $270.8M; raises distribution 2.2%; closes Meritage acquisition
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- Record Q3 Adjusted EBITDA $510.9M, net income $270.8M ($0.70/unit).
- Base distribution increased 2.2% to $0.5750/unit quarterly ($2.30 annualized).
- Repurchased 5.1M units from Oxy for $127.5M; bought back $159.1M near-term notes at ~94% par.
- Closed Meritage acquisition in PRB for $885M; expects 2023 EBITDA towards high end of $1.95-2.05B.
- Delaware Basin record throughput: nat gas 1.67 Bcf/d, crude/NGL 220 MBbls/d, water 1,101 MBbls/d.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423902/000142390223000064/0001423902-23-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423902/000142390223000064/wes-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001423902-23-000064

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