The earnings call highlighted strong operational and financial performance, including record-breaking throughput and a strategic acquisition to bolster growth. However, challenges such as decreased margins and increased future capital expenditures were noted. Overall, the positive achievements and strategic advancements outweigh the challenges.

Company Guidance

During Western Midstream Partners' second quarter 2025 earnings call, the guidance highlighted several key metrics and strategic moves. The company reported record-breaking adjusted EBITDA and improved adjusted gross margin, indicating strong operational and financial performance. They announced an agreement to acquire Aris Water Solutions, valuing it at $2 billion, which is expected to enhance Western Midstream's water services capabilities and expand its footprint in the Delaware Basin. This acquisition will increase their produced water disposal capacity to over 3.8 million barrels per day and is anticipated to be accretive to 2026 free cash flow per unit. They also sanctioned a new 300 million cubic feet per day natural gas processing train at their North Loving plant, expected to increase total capacity to 2.5 billion cubic feet per day by early 2027. The company maintained a strong balance sheet with a net leverage ratio of 2.9x and declared a quarterly distribution of $0.91 per unit. Additionally, Western Midstream projected mid-single-digit percentage growth in year-over-year throughput for natural gas and produced water, with capital expenditures expected to be between $625 million and $775 million for 2025, rising to at least $1.1 billion in 2026 due to strategic projects.

Record-Breaking Operational Performance

Achieved the highest quarterly adjusted EBITDA in partnership history and set records for natural gas, crude oil, NGLs, and produced water throughput in the Delaware Basin.

Strategic Acquisition of Aris Water Solutions

Announced the acquisition of Aris Water Solutions, valued at $2 billion, to strengthen WES's footprint in the Delaware Basin and expand service offerings.

Growth in Key Operational Metrics

Natural gas throughput increased by 3%, crude oil and NGLs by 6%, and produced water by 4% on a sequential quarter basis.

Financial Performance

Generated net income attributable to limited partners of $334 million and adjusted EBITDA of $618 million.

Capital Allocation and Debt Management

Retired $337 million of senior notes and maintained a net leverage ratio of 2.9x.

Western Midstream Partners (WES) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WES Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.86 / -	0.74	―	―	―
Aug 06, 2025	2025 (Q2)	0.83 / 0.87	0.97	-10.31% (-0.10)
May 07, 2025	2025 (Q1)	0.83 / 0.79	1.47	-46.26% (-0.68)
Feb 26, 2025	2024 (Q4)	0.85 / 0.85	0.74	14.86% (+0.11)
Nov 06, 2024	2024 (Q3)	0.83 / 0.74	0.7	5.71% (+0.04)
Aug 07, 2024	2024 (Q2)	0.84 / 0.97	0.64	51.56% (+0.33)
May 08, 2024	2024 (Q1)	0.77 / 1.47	0.52	182.69% (+0.95)
Feb 21, 2024	2023 (Q4)	0.79 / 0.74	0.85	-12.94% (-0.11)
Nov 01, 2023	2023 (Q3)	0.63 / 0.70	0.66	6.06% (+0.04)
Aug 08, 2023	2023 (Q2)	0.66 / 0.64	0.74	-13.51% (-0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WES Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$40.33	$38.44	-4.69%
May 07, 2025	$35.15	$35.80	+1.85%
Feb 26, 2025	$38.57	$38.10	-1.22%
Nov 06, 2024	$35.97	$34.82	-3.20%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Western Midstream Partners (WES) report earnings?

Western Midstream Partners (WES) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Western Midstream Partners (WES) earnings time?

Western Midstream Partners (WES) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is WES EPS forecast?

WES EPS forecast for the fiscal quarter 2025 (Q3) is 0.87.

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