---
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"
generated_at: "2026-05-17T00:35:44.902030+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# WES Q3 net income $331.7M; record Adj. EBITDA $633.8M; closes Aris deal

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001423902-25-000105
- JSON: https://secwatch.observer/filing/0001423902-25-000105.json
- Plain text: https://secwatch.observer/filing/0001423902-25-000105.txt

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