The earnings call was generally positive, highlighting record-breaking EBITDA and throughput in the Delaware Basin, a strategic acquisition, and a strong financial position. However, there were some challenges including decreased margins and higher expected operation and maintenance expenses.

Company Guidance -

Q3 2025

During the second quarter of 2025 earnings call, Western Midstream Partners reported several key metrics reflecting their operational and financial success. The company achieved record adjusted EBITDA, the highest in its history, and improved adjusted gross margin sequentially. They also reported increased throughput across core operating assets, with record-breaking natural gas, crude oil, NGLs, and produced water throughput in the Delaware Basin. The acquisition of Aris Water Solutions was highlighted, which is expected to bring synergies, notably $40 million in cost savings, and increase produced water disposal capacity to over 3.8 million barrels per day. The transaction, valued at $2 billion, is projected to be accretive to 2026 free cash flow per unit. The capital expenditure guidance for 2025 was maintained, but with new projects like North Loving Train II, the company expects 2026 capital expenditures to be at least $1.1 billion. Western Midstream's strong balance sheet with a net leverage ratio of 2.9x was emphasized, alongside their commitment to generating strong returns for unitholders, sustaining distribution growth, and maintaining financial flexibility for future growth opportunities.

Record-Breaking Quarterly Adjusted EBITDA

The company achieved the highest quarterly adjusted EBITDA in its partnership's history, driven by strong operational and financial results.

Record Throughput in Delaware Basin

Achieved record-breaking natural gas, crude oil, NGLs, and produced water throughput in the Delaware Basin.

Aris Water Solutions Acquisition

Announced the acquisition of Aris Water Solutions, which is expected to be accretive to 2026 free cash flow per unit and will enhance the company's water disposal capacity to more than 3.8 million barrels per day.

Sanctioning of North Loving Train II

Announced the sanctioning of an additional train at the North Loving natural gas processing plant, increasing capacity to 550 million cubic feet per day by early Q2 2027.

Strong Financial Position

Maintained a top-tier net leverage ratio of 2.9x and retired $337 million of senior notes with cash on hand.

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 0.86.

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