Quarterly ResultAug 5, 2026, 04:32 PM
Western Midstream Q2 Adjusted EBITDA $736.5M; Raises FY26 Guidance
AI Summary
Western Midstream Partners announced strong second-quarter 2026 results, reporting record Adjusted EBITDA of $736.5 million, a 19% increase from the prior year, and Net income of $394.9 million. The company also raised its full-year 2026 guidance for Adjusted EBITDA, Distributable Cash Flow, and Free Cash Flow, reflecting the strength of its first-half performance and the recent Brazos Delaware acquisition. Additionally, WES executed new long-term gathering and processing agreements in the Powder River Basin.
Key Highlights
- Q2 Adjusted EBITDA was $736.5 million, a 19% increase year-over-year.
- Q2 Net income attributable to limited partners was $394.9 million, or $0.99 per unit.
- Q2 Distributable Cash Flow totaled $537.2 million.
- Revised full-year 2026 Adjusted EBITDA guidance to $2.75 billion-$2.95 billion.
- Revised full-year 2026 Free Cash Flow guidance to $1.10 billion-$1.30 billion.
- Declared a Q2 distribution of $0.930 per unit, consistent with prior quarter.
- Completed the acquisition of Brazos Delaware in mid-June.
- Executed two new gathering and processing agreements in the Powder River Basin.
Price Impact
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