Western Midstream Q2 net income $369.8M, Adj. EBITDA $578.1M; distribution $0.875/unit

Western Midstream Partners, LP

Net income $369.8M ($0.97 diluted/unit); Adjusted EBITDA $578.1M; Free cash flow $424.8M.
Record natural-gas throughput: Delaware 1.9 Bcf/d, DJ Basin 1.5 Bcf/d, both +6% sequentially.
Total debt reduced $762.6M since year-end 2023; net leverage threshold of 3.0x achieved early.
Executed agreements: P66 DJ Basin extension (+200 MMcf/d from 2026), Kinder Morgan Chipeta (150 MMcf/d).
Q2 capex $207.5M; guidance reaffirmed for 2024 Adjusted EBITDA and FCF toward high end.

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