WESTERN MIDSTREAM ANNOUNCES SECONDARY PUBLIC OFFERING OF COMMON UNITS

Core Viewpoint - Western Midstream Partners, LP (WES) has announced a secondary public offering of 19,000,000 common units by affiliates of Occidental, with an option for the underwriter to purchase an additional 2,850,000 units [1] Company Overview - Western Midstream Partners, LP is a master limited partnership focused on developing, acquiring, owning, and operating midstream assets across Texas, New Mexico, Colorado, Utah, and Wyoming [4] - The company engages in gathering, compressing, treating, processing, and transporting natural gas, as well as handling condensate, natural-gas liquids, and crude oil [4] - A significant portion of WES's cash flows is secured through fee-based contracts, minimizing exposure to commodity price volatility [4] Offering Details - The offering is underwritten by Barclays, which will act as the sole book-running manager [2] - WES will not sell any common units in this offering and will not receive any proceeds from the sale [1] - The offering is subject to market conditions, and there is no guarantee regarding its completion [1]