secwatch.observer — SEC 8-K summary
======================================

Issuer:     Western Midstream Partners, LP (WES)
CIK:        0001423902
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001423902-24-000053
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423902/000142390224000053/0001423902-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423902/000142390224000053/wes-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001423902-24-000053

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