Western Midstream Partners, LP (WES) Tops Q1 EPS by 13c

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Go back to Western Midstream Partners, LP (WES) Tops Q1 EPS by 13c

Western Midstream Announces First-Quarter 2022 Results

May 10, 2022 4:05 PM EDT

Announces 2022 Revised Guidance

Reported first-quarter 2022 Net income attributable to limited partners of $301.9 million, generating first-quarter record-breaking Adjusted EBITDA(1) of $539.1 million. Reported first-quarter 2022 Cash flows provided by operating activities of $276.5 million, generating first-quarter Free cash flow(1) of $200.3 million. Increased 2022 Adjusted EBITDA(2) guidance range to $2.125 billion to $2.225 billion, total capital expenditures(3) range to $550 million to $600 million, and Free cash flow(2) range to $1.25 billion to $1.35 billion. The distribution guidance of at least $2.00(4) per unit remains unchanged.

HOUSTON--(BUSINESS WIRE)-- Today Western Midstream Partners, LP (NYSE: WES) (WES... More