---
schema_version: "secwatch.filing_event.v1"
accession: "0001423902-25-000030"
form_type: "8-K"
ticker: "WES"
cik: "0001423902"
company_name: "Western Midstream Partners, LP"
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:28:45.463148+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001423902-25-000030
- form_type: 8-K
- ticker: WES
- cik: 0001423902
- company_name: Western Midstream Partners, LP
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1423902/000142390225000030/0001423902-25-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1423902/000142390225000030/wes-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001423902-25-000030
- JSON: https://secwatch.observer/filing/0001423902-25-000030.json
- Plain text: https://secwatch.observer/filing/0001423902-25-000030.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.