Western Midstream Partners, LP (NYSE: WES) reported Q4 EPS of $0.47, $0.47 worse than the analyst estimate of $0.94. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.04 billion.

2026 GUIDANCE

Based on the current production forecast information from our producer customers, and the inclusion of Aris, WES is providing 2026 guidance as follows:

Adjusted EBITDA(2) between $2.500 billion and $2.700 billion.
Total capital expenditures(3) between $850.0 million and $1.000 billion.
Distributable Cash Flow(2) (\"DCF\") between $1.850 billion and $2.050 billion, or $4.59 to $5.08 per unit(4).
Full-year distribution of at least $3.70 per unit(8), which includes an increase to $0.93 per unit on a quarterly basis, starting with our first quarter distribution in May, which represents an annualized rate of $3.72 per unit.

For earnings history and earnings-related data on Western Midstream Partners, LP (WES) click here.