---
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"
generated_at: "2026-05-22T07:30:57.327261+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001423902-25-000048
- JSON: https://secwatch.observer/filing/0001423902-25-000048.json
- Plain text: https://secwatch.observer/filing/0001423902-25-000048.txt

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