{"schema_version":"secwatch.filing_event.v1","accession":"0001423902-25-000048","form_type":"8-K","ticker":"WES","cik":"0001423902","company_name":"Western Midstream Partners, LP","filed_at":"2025-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.254545+00:00","generated_at":"2026-05-22T07:30:57.327261+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"WES Q1 net income $301.8M; Adjusted EBITDA $593.6M; distribution raised 4% to $0.910/unit","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001423902-25-000048","json":"https://secwatch.observer/filing/0001423902-25-000048.json","markdown":"https://secwatch.observer/filing/0001423902-25-000048.md","text":"https://secwatch.observer/filing/0001423902-25-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1423902/000142390225000048/0001423902-25-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1423902/000142390225000048/wes-20250507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T07:30:57.327261+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}