Western Midstream Partners, LP reported record fourth-quarter and full-year 2025 results, driven by increased Delaware Basin throughput and cost reduction initiatives. The company exceeded its full-year Adjusted EBITDA and Free Cash Flow guidance ranges, completed the acquisition of Aris Water Solutions, and sanctioned key infrastructure projects. They also announced a distribution increase for 2026 and provided optimistic financial guidance.

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.