Western Midstream Q3 adjusted EBITDA rises 12% on record gas throughput
WES•Western Midstream’s third-quarter adjusted EBITDA rose 12% year over year on record natural-gas throughput. It maintained its distribution at $0.930 per unit and reaffirmed 2026 adjusted EBITDA guidance of $2.75 billion to $2.95 billion.
1. Throughput sets record
Western Midstream’s third-quarter adjusted EBITDA rose 12% year over year as natural-gas throughput reached a record. Throughput in the Delaware Basin increased 20% sequentially, driven by the Brazos Delaware acquisition and increased activity from legacy assets.
2. 2026 outlook reaffirmed
The company reaffirmed its 2026 adjusted EBITDA guidance of $2.75 billion to $2.95 billion and expects full-year results above the midpoint. It expects capital expenditures to be slightly above the guidance range’s $1.0 billion high end. Western Midstream maintained its third-quarter distribution at $0.930 per unit.
