Record Adjusted EBITDA
WES achieved its second consecutive quarter of record adjusted EBITDA, driven by lower operational costs and cost reduction initiatives.
Acquisition of Aris Water Solutions
WES completed the acquisition of Aris Water Solutions, enhancing its position as a leading midstream flow assurance provider in the Delaware Basin with targeted $40 million of annual run rate synergies.
Increased Natural Gas Throughput
WES achieved the highest total natural gas throughput in its history, with significant contributions from the Delaware Basin.
Operational and Maintenance Expense Reduction
Operational and maintenance expenses decreased by 5% or $12 million quarter-over-quarter due to less asset maintenance and repair expenses.
Free Cash Flow and Distribution
WES generated free cash flow of $397 million and declared a quarterly distribution of $0.91 per unit, consistent with the prior quarter.