{"schema_version":"secwatch.filing_event.v1","accession":"0001423902-25-000105","form_type":"8-K","ticker":"WES","cik":"0001423902","company_name":"Western Midstream Partners, LP","filed_at":"2025-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.378337+00:00","generated_at":"2026-05-17T00:35:44.902030+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"WES Q3 net income $331.7M; record Adj. EBITDA $633.8M; closes Aris deal","bullets":["Net income $331.7M ($0.87/diluted unit); record Adj. EBITDA $633.8M, second consecutive quarterly record.","Free Cash Flow $397.4M; distribution unchanged at $0.910/unit ($3.64 annualized).","Natural-gas throughput 5.4 Bcf/d (+2% seq.); crude-oil/NGLs 510 MBbls/d (-4% seq.); produced-water flat.","Closed Aris acquisition on Oct 15: issued 26.6M common units, $415M cash, assumed ~$500M debt.","Guidance: expects to be near high end of 2025 Adj. EBITDA ($2,350-2,550M) and above high end of FCF ($1,275-1,475M)."],"urls":{"canonical":"https://secwatch.observer/filing/0001423902-25-000105","json":"https://secwatch.observer/filing/0001423902-25-000105.json","markdown":"https://secwatch.observer/filing/0001423902-25-000105.md","text":"https://secwatch.observer/filing/0001423902-25-000105.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1423902/000142390225000105/0001423902-25-000105-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1423902/000142390225000105/wes-20251104.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:35:44.902030+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"}