Western Midstream Partners Exceeds Q2 Estimates with $0.87 EPS and $942.32 Million Revenue

Western Midstream Partners LP reported Q2 2025 earnings with a net income of $333.8 million, beating estimates of $0.84 per share. Revenue reached $942.32 million, exceeding expectations of $935.65 million. The company achieved record Adjusted EBITDA of $617.9 million and generated $564.0 million in cash flows from operating activities. Western Midstream also announced a $0.910 per unit distribution, consistent with the previous quarter, and sanctioned a new cryogenic natural-gas processing train.

Western Midstream Partners LP (WES) reported its second-quarter 2025 earnings on August 6, 2025, with a net income of $333.8 million, exceeding analysts' expectations of $0.84 per share. The company's revenue for the quarter reached $942.32 million, surpassing the consensus estimate of $935.65 million. WES achieved record Adjusted EBITDA of $617.9 million and generated $564.0 million in cash flows from operating activities. Additionally, the company announced a $0.910 per unit distribution, consistent with the previous quarter, and sanctioned a new cryogenic natural-gas processing train.

In the earnings call, Oscar Brown, President and Chief Executive Officer, commented, "WES had a successful second quarter as we generated the highest quarterly Adjusted EBITDA in our partnership's history, delivered increased throughput across all core operating basins and across all products, and executed on numerous significant growth initiatives."

The company also announced a strategic acquisition of Aris Water Solutions, Inc. (ARIS) in a transaction valued at approximately $2.0 billion, which is expected to close in the fourth quarter of 2025. This acquisition aims to strengthen WES's position as a leading midstream water services provider in the Delaware Basin and enhance its ability to compete for new business across its natural-gas, crude-oil, and produced-water businesses.

WES's 2025 financial guidance remains unchanged, with the company expecting to incorporate the impact of the Aris acquisition into its 2026 guidance projections. The company is also focused on executing its growth strategy, with significant expansion projects like the Pathfinder pipeline supporting its growth outlook for the coming years.

References:
[1] https://www.gurufocus.com/news/3034965/earnings-to-watch-western-midstream-partners-lp-wes-reports-q2-2025-result
[2] https://investors.westernmidstream.com/2025-08-06-WESTERN-MIDSTREAM-ANNOUNCES-SECOND-QUARTER-2025-RESULTS