Western Midstream Partners, LP (WES)
NYSE NYSE Primary 
Western Midstream Partners, LP Common Units (WES) Q3 2025 Earnings Call Transcript
Western Midstream Partners, LP Common Units ( WES ) Q3 2025 Earnings Call November 5, 2025 9:00 AM EST Company Participants Daniel Jenkins - Director of Investor Relations - Western Midstream Holdings LLC Oscar Brown - President, CEO & Director - Western Midstream Holdings LLC Daniel Holderman - Senior VP & COO of Western Midstream Holdings, LLC Kristen Shults - Senior VP & CFO - Western Midstream Holdings LLC Conference Call Participants Keith Stanley - Wolfe Research, LLC Gabriel Moreen - Mizuho Securities USA LLC, Research Division Jeremy Tonet - JPMorgan Chase & Co, Research Division Spiro Dounis - Citigroup Inc., Research Division Presentation Operator Good morning. My name is Joanna, and I will be your conference operator today.
Western Midstream (WES) Ascends But Remains Behind Market: Some Facts to Note
In the closing of the recent trading day, Western Midstream (WES) stood at $37.65, denoting a +1.05% move from the preceding trading day.
Western Midstream: Buy This 9.3% Yield Hand Over Fist
Western Midstream Partners offers a compelling value opportunity with a leading 9.32% distribution yield and strong profitability metrics. WES's recent acquisition of Aris Water Solutions and organic growth projects expand its footprint in the Delaware Basin, enhancing future cash flow and EBITDA. WES trades at a lower EV/EBITDA than peers, boasts robust free cash flow, and benefits from high asset utilization via Occidental Petroleum.
Western Midstream: Where Else Can You Find This Distribution?
Western Midstream offers a high single-digit dividend yield, supported by strong cash flow and disciplined leverage, making it an attractive income investment. The company posted robust quarterly growth, with record adjusted EBITDA and increased volumes across natural gas, NGL, and crude oil segments. Significant expansion projects, including the North Loving II and Pathfinder pipelines, position Western Midstream for future growth and enhanced processing capacity.
WES Targets $1.1B Capex in 2026 to Drive Delaware Basin Growth
Western Midstream plans at least $1.1B capex in 2026, boosted by its Aris deal and North Loving expansion to drive Delaware Basin growth.
Western Midstream: A Top-Tier Selection Offering A Robust 9% Distribution Yield
The company has generated more than 560% total return during the last five years, which surpasses both MLP peers and S&P 500 performance. The company maintains strong fundamentals and delivers record adjusted EBITDA of $618M, while paying quarterly distributions of $0.91. The $2B acquisition of Aris Water enhances WES's infrastructure, while creating opportunities for increased long-term free cash flow.
Western Midstream Partners, LP Common Units (WES) Q2 2025 Earnings Call Transcript
Western Midstream Partners, LP Common Units (NYSE:WES ) Q2 2025 Earnings Conference Call August 7, 2025 10:00 AM ET Company Participants u - Corporate Participant h - Corporate Participant s - Corporate Participant Daniel Edwards Jenkins - Director of Investor Relations—Western Midstream Holdings LLC Daniel P. Holderman - Senior VP & COO of Western Midstream Holdings, LLC Jonathon E.
Western Midstream (WES) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Western Midstream (WES) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Exploring Analyst Estimates for Western Midstream (WES) Q2 Earnings, Beyond Revenue and EPS
Get a deeper insight into the potential performance of Western Midstream (WES) for the quarter ended June 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Why Western Midstream (WES) Dipped More Than Broader Market Today
In the latest trading session, Western Midstream (WES) closed at $40.49, marking a -1.68% move from the previous day.
Western Midstream (WES) Surpasses Market Returns: Some Facts Worth Knowing
In the most recent trading session, Western Midstream (WES) closed at $40.01, indicating a +1.32% shift from the previous trading day.
Western Midstream (WES) Stock Sinks As Market Gains: Here's Why
Western Midstream (WES) closed the most recent trading day at $39.39, moving 2.67% from the previous trading session.
