secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Partners, LP (WES)
CIK:        0001423902
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001423902-24-000077
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WES Q3 net income $281.8M, adj. EBITDA $566.9M; lowers throughput growth outlook
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- Net income $281.8M ($0.74/diluted unit); Adj. EBITDA $566.9M; Free cash flow $365.1M.
- Base distribution $0.875/unit ($3.50 annualized), in-line with prior quarter.
- Issued $800M of 5.450% senior notes due 2034, proceeds to repay 2025 notes.
- Record Delaware Basin natural-gas throughput 1.9 Bcf/d (+2% QoQ) and crude/NGLs 246 MBbls/d.
- Management lowers year-over-year crude-oil/NGLs & produced-water throughput growth expectations; still sees Adj. EBITDA towards high end of $2.2-2.4B guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423902/000142390224000077/0001423902-24-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423902/000142390224000077/wes-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001423902-24-000077

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