Western Midstream Partners LP

Q2 FY2026 EarningsQ2 FY26 beat consensus across key profitability metrics, with revenue of $1.22B exceeding the $1.14B expectation and Diluted EPS (GAAP) of $0.99 vs. $0.90 expected. Record Adjusted EBITDA of $736.5M was driven by robust produced-water throughput and the Brazos Delaware acquisition. Strong operational performance and elevated commodity prices led management to raise full-year 2026 Adjusted EBITDA and Free Cash Flow guidance by 10% and 20% at the mid-point, respectively.