secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Partners, LP (WES)
CIK:        0001423902
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001423902-26-000043
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423902/000142390226000043/0001423902-26-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423902/000142390226000043/wes-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001423902-26-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer