secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Partners, LP (WES)
CIK:        0001423902
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001423902-24-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423902/000142390224000036/0001423902-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423902/000142390224000036/wes-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001423902-24-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer