---
schema_version: "secwatch.filing_event.v1"
accession: "0001423902-24-000036"
form_type: "8-K"
ticker: "WES"
cik: "0001423902"
company_name: "Western Midstream Partners, LP"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T09:35:00.453525+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Western Midstream Q1 net income $559.5M, record EBITDA, distribution up 52%

## Summary
- Net income attributable to LPs of $559.5M ($1.47/diluted unit); record Adjusted EBITDA $608.4M.
- First-quarter Base Distribution $0.875/unit ($3.50 annualized), a 52% increase over prior quarter.
- Free cash flow $225.0M; year-to-date repurchased $150M of senior notes at ~96% of par.
- Closed five non-core asset sales for $794.8M; Mentone III started up in early April.
- Raised 2024 throughput growth expectations; guiding to high-end of prior Adjusted EBITDA and FCF ranges.

## SEC filing metadata
- accession: 0001423902-24-000036
- form_type: 8-K
- ticker: WES
- cik: 0001423902
- company_name: Western Midstream Partners, LP
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1423902/000142390224000036/0001423902-24-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1423902/000142390224000036/wes-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001423902-24-000036
- JSON: https://secwatch.observer/filing/0001423902-24-000036.json
- Plain text: https://secwatch.observer/filing/0001423902-24-000036.txt

## Key facts
- Earnings Releases
  Western Midstream Partners, LP reported first-quarter 2024 results: net income $559.5 million, EPS $1.47 per common unit (diluted). Guidance raised.
  - Period: first-quarter 2024
  - Net income: $559.5 million
  - EPS: $1.47 per common unit (diluted)
  - Guidance: raised
  - Result: reported results
  source text: Western Midstream Partners, LP issued a press release announcing first-quarter 2024 results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1423902/000142390224000036/0001423902-24-000036-index.htm

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