Western Midstream Q2 net income rises 18% to USD 394.9 million; adjusted EBITDA climbs 19% to USD 736.5 million
WES•Quarterly results
Western Midstream posted Q2 2026 net income attributable to limited partners of USD 394.9 million, swinging to positive free cash flow of USD 263.6 million.
Adjusted EBITDA (non-GAAP) rose 19% year over year to a record USD 736.5 million; distributable cash flow (non-GAAP) totaled USD 537.2 million.
Revenue climbed to USD 1.22 billion; cash flow from operating activities increased to USD 534.7 million.
Operational performance and guidance
Delaware Basin natural-gas throughput reached a record 2,140 MMcf/d; produced-water throughput hit a record 2,993 MBbls/d.
Western Midstream raised its 2026 guidance for adjusted EBITDA (non-GAAP) to USD 2.75 billion to USD 2.95 billion, and distributable cash flow (non-GAAP) to USD 2.05 billion to USD 2.25 billion.
