Western Midstream Partners, LP reported second-quarter 2026 net income attributable to limited partners of $394.9 million and record Adjusted EBITDA of $736.5 million, a 19-percent increase year-over-year. The company announced a quarterly distribution of $0.930 per unit, payable on August 14, 2026, consistent with the prior quarter. Management raised full-year 2026 guidance for Adjusted EBITDA to a range of $2.75 billion to $2.95 billion and Distributable Cash Flow to $2.05 billion to $2.25 billion, citing strong first-half results and the recent Brazos Delaware acquisition. Additionally, Western Midstream issued $700 million in senior notes due 2036 to refinance acquisition-related borrowings and executed new gathering agreements in the Powder River Basin adding approximately 270,000 dedicated acres. The company operates in the midstream energy sector, providing natural gas gathering, processing, and transportation services.

Western Midstream Operating, LP completed a public offering of $700,000,000 in 5.700% Senior Notes due 2036 on June 25, 2026. The net proceeds will be used to repay borrowings under its revolving credit facility and commercial paper program, including those used for the Brazos Delaware II, LLC acquisition, and for general partnership purposes. Western Midstream Partners, LP is a midstream energy company providing infrastructure services for oil and gas production.

On June 11, 2026, Western Midstream Partners, LP consummated the acquisition of Brazos Delaware II, LLC from Brazos Permian II, LLC for approximately $1.6 billion. The purchase price consisted of $800 million in cash and 19,389,239 common units valued at approximately $800 million. A concurrent Registration Rights and Lock-Up Agreement requires the Partnership to file a registration statement for the issued units within 60 days and prohibits the seller from transferring the units for six months, subject to customary exceptions. The company operates in the midstream energy industry, providing gathering, processing, and transportation services for hydrocarbons.