{"schema_version":"secwatch.filing_event.v1","accession":"0001423902-24-000021","form_type":"8-K","ticker":"WES","cik":"0001423902","company_name":"Western Midstream Partners, LP","filed_at":"2024-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.146325+00:00","generated_at":"2026-06-05T21:54:57.458307+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"WES Q4 earnings beat; sells non-core assets for $790M, plans 52% distribution increase","bullets":["Q4 net income $281.6M ($0.74/unit); FY net income $998.5M; adj EBITDA $2.069B exceeded guidance.","Sold non-core assets for $790M (9.6x 2023 EBITDA); some closed Feb 16, rest Q1/Q2 2024.","2024 guidance: adj EBITDA $2.200-2.400B, capex $700-850M, FCF $1.050-1.250B.","Plans to recommend 52% base distribution increase to $0.875/unit quarterly ($3.50 annualized), at least $3.20/unit in 2024.","Record annual throughput: nat gas 4.4 Bcf/d (+5%), crude/NGLs 652 MBbls/d (+7%), water 1,009 MBbls/d (+21%)."],"urls":{"canonical":"https://secwatch.observer/filing/0001423902-24-000021","json":"https://secwatch.observer/filing/0001423902-24-000021.json","markdown":"https://secwatch.observer/filing/0001423902-24-000021.md","text":"https://secwatch.observer/filing/0001423902-24-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1423902/000142390224000021/0001423902-24-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1423902/000142390224000021/wes-20240221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T21:54:57.458307+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"896bb948b84fe6b34247da150b724c94c8db8c06","claim":"Western Midstream Partners, LP reported full-year 2023 results: net income $998.5 million, EPS $2.60 per common unit (diluted).","evidence_excerpt":"Net income (loss) attributable to limited partners for full-year 2023 totaled $998.5 million, or $2.60 per common unit (diluted)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1423902/000142390224000021/0001423902-24-000021-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full-year 2023"},{"label":"Net income","value":"$998.5 million"},{"label":"EPS","value":"$2.60 per common unit (diluted)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"af1007acd8686a98d4bba6e034bbc8e604a84447","claim":"Western Midstream Partners, LP reported fourth-quarter 2023 results: net income $281.6 million, EPS $0.74 per common unit (diluted).","evidence_excerpt":"Net income (loss) attributable to limited partners for the fourth quarter of 2023 totaled $281.6 million, or $0.74 per common unit (diluted)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1423902/000142390224000021/0001423902-24-000021-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth-quarter 2023"},{"label":"Net income","value":"$281.6 million"},{"label":"EPS","value":"$0.74 per common unit (diluted)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}