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Western Midstream Partners (WES)
NYSE:WES
US Market
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Western Midstream Partners (WES) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 25, 2026
After Close (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
0.91
Last Year’s EPS
0.85
Same Quarter Last Year
Based on 7 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 04, 2025|
% Change Since:
|
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. Highlights included record adjusted EBITDA, a strategic acquisition, and operational cost reductions. However, there were challenges such as decreased throughput in crude oil and NGLs, and expected declines in the Powder River Basin due to commodity price weakness.
Company Guidance
During the third quarter of 2025, Western Midstream Partners reported strong financial and operational performance, highlighted by a second consecutive quarter of record adjusted EBITDA and the highest total natural gas throughput in the partnership's history. The acquisition of Aris Water Solutions was completed on October 15, enhancing Western Midstream's position as a leading 3-stream midstream flow assurance provider in the Delaware Basin, with anticipated annual run rate synergies of $40 million. Despite a 2% sequential increase in natural gas throughput, crude oil and NGLs throughput decreased by 4%. The company expects mid-single digits percentage growth for natural gas and low single digits for crude oil and NGLs year-over-year. Produced water throughput is projected to increase by approximately 40% compared to 2024 levels. The company anticipates its fourth quarter per barrel adjusted gross margin for crude oil and NGLs to align with third quarter results and expects to hit the high end of its 2025 adjusted EBITDA guidance range of $2.35 billion to $2.55 billion. Capital expenditures for 2025 are expected to reach the high end of the $625 million to $775 million range, with 2026 capital expenditures anticipated to be at least $1.1 billion. The company's strong balance sheet and investment-grade credit ratings support its extensive growth plans, with leverage expected to remain at or near 3x through 2026.
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.

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

WES Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 25, 2026
2025 (Q4)
0.91 / -
0.85
Nov 04, 2025
2025 (Q3)
0.88 / 0.87
0.7417.57% (+0.13)
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
0.7414.86% (+0.11)
Nov 06, 2024
2024 (Q3)
0.83 / 0.74
0.75.71% (+0.04)
Aug 07, 2024
2024 (Q2)
0.84 / 0.97
0.6451.56% (+0.33)
May 08, 2024
2024 (Q1)
0.77 / 1.47
0.52182.69% (+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
0.666.06% (+0.04)
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
Nov 04, 2025
$37.34$38.25+2.44%
Aug 06, 2025
$39.38$37.53-4.70%
May 07, 2025
$34.32$34.96+1.86%
Feb 26, 2025
$37.66$37.20-1.22%
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 Feb 25, 2026, After Close (Confirmed).
    What is Western Midstream Partners (WES) earnings time?
    Western Midstream Partners (WES) earnings time is at Feb 25, 2026, 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 (Q4) is 0.91.
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