---
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"
generated_at: "2026-06-05T21:54:57.458307+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# WES Q4 earnings beat; sells non-core assets for $790M, plans 52% distribution increase

## Summary
- 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%).

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001423902-24-000021
- JSON: https://secwatch.observer/filing/0001423902-24-000021.json
- Plain text: https://secwatch.observer/filing/0001423902-24-000021.txt

## Key facts
- Earnings Releases
  Western Midstream Partners, LP reported full-year 2023 results: net income $998.5 million, EPS $2.60 per common unit (diluted).
  - Period: full-year 2023
  - Net income: $998.5 million
  - EPS: $2.60 per common unit (diluted)
  - Result: reported results
  source text: Net income (loss) attributable to limited partners for full-year 2023 totaled $998.5 million, or $2.60 per common unit (diluted)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1423902/000142390224000021/0001423902-24-000021-index.htm
- Earnings Releases
  Western Midstream Partners, LP reported fourth-quarter 2023 results: net income $281.6 million, EPS $0.74 per common unit (diluted).
  - Period: fourth-quarter 2023
  - Net income: $281.6 million
  - EPS: $0.74 per common unit (diluted)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1423902/000142390224000021/0001423902-24-000021-index.htm

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