Western Midstream Q2 EBITDA Jumps 19%, Lifts 2026 Outlook
WES sits 27% above its 52-week low of $36.9.
Summary
Western Midstream posted record Q2 Adjusted EBITDA of $736.5M, up 19% year-over-year, driven by record produced-water throughput in the Delaware Basin and a partial quarter contribution from the Brazos Delaware II acquisition. The company raised full-year 2026 guidance across the board: Adjusted EBITDA to $2.75B-$2.95B, Distributable Cash Flow to $2.05B-$2.25B, and capex toward the high end of $850M-$1B. New Powder River Basin agreements add further growth visibility. This follows the $1.6B Brazos deal closed in June and a $700M notes offering to fund it. The guidance raise signals stronger-than-expected integration benefits and volume momentum. With the stock near its 52-week high, the raised outlook supports the premium valuation.
At the time of this announcement, WES was trading at $47.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $19.1B. The 52-week trading range was $36.90 to $48.63. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.