WES Q1 net income $301.8M; Adjusted EBITDA $593.6M; distribution raised 4% to $0.910/unit

Western Midstream Partners, LP

Net income $301.8M ($0.79/diluted unit); Adjusted EBITDA $593.6M; FCF $399.4M on $530.8M operating cash flow.
Record Delaware Basin nat-gas throughput 2.0 Bcf/d; North Loving plant started Feb, adding 250 MMcf/d capacity.
Distribution $0.910/unit payable May 15, 2025, 4% increase over prior quarter, $3.64 annualized.
Retired $664M senior notes Jan 2025; 2025 capex guidance reaffirmed $625-775M; steel ordered for Pathfinder Pipeline.

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