Western Midstream Earnings Reports

Western Midstream delivered a strong Q3 2025, achieving record Adjusted EBITDA and maintaining steady cash flow, supported by stable throughput volumes and cost optimization. The closing of the Aris Water acquisition positions the company for expanded capabilities in produced-water management.

Western Midstream reported Q2 2025 net income attributable to limited partners of $333.8 million, record adjusted EBITDA of $617.9 million, and free cash flow of $388.4 million while executing on key growth initiatives :contentReference[oaicite:0]{index=0}.

Western Midstream reported $301.8 million in net income and $593.6 million in adjusted EBITDA for Q1 2025. Despite small declines in throughput across all product categories, the company maintained healthy margins and continued to execute on capital and distribution strategies.

Western Midstream Partners, LP reported Q4 2024 net income of $325.9 million and Adjusted EBITDA of $590.7 million. Natural gas, crude oil, and produced water throughput saw sequential growth. The company generated $309.3 million in free cash flow and maintained a strong balance sheet while executing its capital return strategy.