---
schema_version: "secwatch.filing_event.v1"
accession: "0001423902-26-000043"
form_type: "8-K"
ticker: "WES"
cik: "0001423902"
company_name: "Western Midstream Partners, LP"
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:35:38.470484+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# WES Q1 adj EBITDA record $683M; acquires Brazos Delaware for $1.6B

## Summary
- Net income $342.4M ($0.85/diluted), record Adj EBITDA $683.1M (+15% YoY), DCF $508.9M.
- Q1 distribution $0.930/unit (+2.2% QoQ); expects high-end of 2026 adj EBITDA and DCF guidance.
- Acquires Brazos Delaware II for ~$1.6B ($800M cash + $800M common units), close late Q2 2026.
- Brazos adds 470K dedicated acres, 460 MMcf/d processing; ~8.0x 2027 EBITDA multiple, immediately accretive.

## SEC filing metadata
- accession: 0001423902-26-000043
- form_type: 8-K
- ticker: WES
- cik: 0001423902
- company_name: Western Midstream Partners, LP
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1423902/000142390226000043/0001423902-26-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1423902/000142390226000043/wes-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001423902-26-000043
- JSON: https://secwatch.observer/filing/0001423902-26-000043.json
- Plain text: https://secwatch.observer/filing/0001423902-26-000043.txt

## Source-grounded claims
- claim_id: 10959353b17d55c6ab502328c518a9b255e0590e
  claim: Western Midstream Partners, LP reported first-quarter 2026 results: net income $342.4 million, EPS $0.85 per common unit (diluted).
  evidence_excerpt: Net income (loss) attributable to limited partners for the first quarter of 2026 totaled $342.4 million, or $0.85 per common unit (diluted)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1423902/000142390226000043/0001423902-26-000043-index.htm

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