Western Midstream(US:WES) Prnewswire·2025-11-04 21:05Core Insights - Western Midstream Partners, LP (WES) reported a strong financial performance for the third quarter of 2025, with net income attributable to limited partners reaching $331.7 million, or $0.87 per common unit (diluted), and Adjusted EBITDA totaling $633.8 million [1][6][7] - The company achieved a Free Cash Flow of $397.4 million for the quarter, with cash flows from operating activities amounting to $570.2 million [1][6][7] - WES announced a third-quarter distribution of $0.910 per unit, consistent with the previous quarter, translating to an annualized distribution of $3.64 per unit [3][6] Financial Performance - Third-quarter 2025 revenues totaled $952.5 million, compared to $883.4 million in the same quarter of 2024, reflecting a year-over-year increase [19] - Operating expenses for the third quarter were $525.3 million, up from $511.9 million in the prior year [19] - The company reported a record operational performance with system operability increasing to 99.6% year-over-year [7] Operational Highlights - Natural gas throughput averaged 5.4 Bcf/d, marking a 2% increase from the previous quarter, while crude oil and NGLs throughput averaged 510 MBbls/d, a 4% decrease [4][7] - The successful acquisition of Aris Water Solutions, Inc. was completed on October 15, 2025, positioning WES as one of the largest three-stream midstream providers in the Delaware Basin [6][7] - WES is targeting $40 million in cost synergies from the Aris acquisition, enhancing its competitive position in produced-water management [5][6] Future Outlook - The company anticipates being at the high end of its 2025 Adjusted EBITDA guidance range of $2.35 billion to $2.55 billion and expects Free Cash Flow to exceed the high end of its guidance range of $1.275 billion to $1.475 billion [6][8] - WES is focused on integrating Aris and executing growth initiatives, including the Pathfinder pipeline project, which is expected to improve project returns [5][8]