WES beats 2024 Adj. EBITDA & FCF guidance; sanctions $400M+ Pathfinder pipeline; proposes 4% distribution hike

Western Midstream Partners, LP

Full-year 2024 Adj. EBITDA $2.344B, FCF $1.324B; both above guidance ranges (midpoint $2.3B, high end $1.25B).
Proposed Q1 2025 distribution $0.910/unit (+4% QoQ, +13% YoY); annualized $3.64; targets mid-single-digit annual growth.
Sanctioned Pathfinder produced-water pipeline; 30-in., 42-mi, >800 MBbls/d capacity; $400-450M cost; in-service by Jan 1, 2027.
2025 guidance: Adj. EBITDA $2.35-2.55B (midpoint +5% YoY); capex $625-775M; FCF $1.275-1.475B.
Full-year net income $1.537B ($4.02 diluted EPS); record throughput and double-digit YoY growth across all product lines.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.