Quarterly ResultAug 5, 2026, 04:33 PM
Western Midstream Q2 Net Income Up 18% to $403.55M; Revenue Up 30%
AI Summary
Western Midstream Partners reported strong financial results for Q2 2026, with net income attributable to the company increasing by 18.1% to $403.55 million and total revenues rising by 29.97% to $1.22 billion. Basic net income per common unit also grew by 12.5% to $0.99. The company completed the acquisition of Brazos Delaware II, LLC for $818.72 million in June 2026 and Aris Water Solutions, Inc. in October 2025, alongside a $610 million unit redemption with Occidental.
Key Highlights
- Q2 2026 Net Income attributable to WES was $403.55 million, up 18.1% YoY.
- Total revenues and other for Q2 2026 reached $1.22 billion, a 29.97% increase YoY.
- Basic net income per common unit for Q2 2026 was $0.99, up 12.5% from $0.88.
- Completed the acquisition of Brazos Delaware II, LLC on June 11, 2026, for $818.72 million.
- Completed the acquisition of Aris Water Solutions, Inc. on October 15, 2025.
- Executed a $610 million WES unit redemption with Occidental.
- Year-to-date 2026 net cash from operating activities was $1.00 billion.
- Year-to-date 2026 capital expenditures totaled $506.07 million.
Price Impact
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