NYSE: WES
Western Midstream Partners, LPCIK 0001423902 · Utilities · SIC 4922 · Natural Gas Distribution
Solaris Water Midstream, LLC (“Solaris”), a subsidiary of Aris, and certain affiliates are named defendants in Cause No. 23-05-1085, Stateline Operating, LLC and Stateline Royalties, LP vs. Devon Energy Corporation, Stateline Water, LLC, Devon Energy Production Company, LP, Solaris Water Midstream,… About this business →
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Western Midstream closes $700M senior notes offering to refinance debt and fund Brazos acquisition
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Western Midstream closes $1.6B Brazos Delaware II acquisition with cash and equity
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WES integrates $2B Aris acquisition, adds water assets and debt; new saltwater lawsuit disclosed
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Western Midstream reports Q1 2026 earnings results
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Latest financial statements
From 10-Q filed May 6, 2026 (period ending Mar 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q1 ended Mar 31, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 1,122 | 916.9 |
| Operating expenses: | ||
| General and administrative | 75.2 | 66.8 |
| Total operating expenses | 662.8 | 523.1 |
| Operating income | 469.2 | 409.8 |
| Interest expense | 113.4 | 97.3 |
| Other income/(expense), net | 6.7 | 7.5 |
| Income before income taxes | 362.5 | 320.0 |
| Income tax expense/(benefit) | 3.5 | 3.4 |
| Net income | 350.3 | 309.0 |
Consolidated Balance Sheets (Unaudited)
| Description | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 647.5 | 448.4 |
| Accounts receivable, net | 812.8 | 672.6 |
| Other receivables, net | 9.9 | 0.6 |
| Prepaid expenses and other current assets | 69.2 | 68.2 |
| Total current assets | 1,539 | 1,190 |
| Property, plant and equipment, net | 11,295 | 9,727 |
| Identifiable intangible assets, net | 901.9 | 641.8 |
| Goodwill | 347.6 | 4.8 |
| Deferred income taxes and other assets | 345.1 | 365.8 |
| Other long-term assets | 495.8 | 527.5 |
| TOTAL ASSETS | 14,925 | 12,457 |
| Current liabilities: | ||
| Current portion of long-term debt | 445.6 | 350.6 |
| Current portion of operating lease liabilities | 67.7 | 59.4 |
| Accrued liabilities | 498.0 | 257.0 |
| Income taxes payable | 11.6 | 6.3 |
| Deferred revenue, current | 185.9 | 10.9 |
| Other current liabilities | 198.4 | 326.8 |
| Total current liabilities | 1,407 | 1,011 |
| Long-term debt | 8,194 | 6,925 |
| Deferred income taxes and other liabilities | 111.9 | 31.4 |
| Other long-term liabilities | 1,704 | 1,156 |
| Total liabilities | 11,418 | 9,123 |
| Shareholders' equity: | ||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 14,925 | 12,457 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q1 ended Mar 31, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 469.9 | 530.8 |
| Investing Activities: | ||
| Net cash from investing activities | (234.9) | (140.8) |
| Financing Activities: | ||
| Net cash from financing activities | (407.0) | (1,032) |
| Net increase/(decrease) in cash | (172.0) | (642.0) |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗
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About Western Midstream Partners, LP
Source: Item 1 (Business) from the 10-K filed February 18, 2026. Description as filed by the company with the SEC.
Item 1. Legal Proceedings
Solaris Water Midstream, LLC (“Solaris”), a subsidiary of Aris, and certain affiliates are named defendants in Cause No. 23-05-1085, Stateline Operating, LLC and Stateline Royalties, LP vs. Devon Energy Corporation, Stateline Water, LLC, Devon Energy Production Company, LP, Solaris Water Midstream, LLC, Solaris Midstream DB-TX LLC, and Aris Water Solutions, Inc., in the 143rd District Court, Loving County, Texas, which was filed on May 4, 2023. In this action, Plaintiffs sue Defendants for, among other things, negligence, waste, trespass, and nuisance based on Plaintiffs’ allegations that Defendants’ operations have harmed Plaintiffs’ oil and gas lease through the injection of disposed saltwater. Defendants dispute Plaintiffs’ claims of liability and damages in this matter. Trial is currently scheduled for September 14, 2026.
We have elected to use a $1.0 million threshold for disclosing certain proceedings arising under federal, state, or local environmental laws when a government authority is a party and potential monetary sanctions are involved. We believe proceedings under this threshold are not material to our business and financial proceedings.
Other than the items listed herein, we are not a party to any legal, regulatory, or administrative proceedings other than proceedings arising in the ordinary course of business. Management believes that there are no such proceedings for which a final disposition could have a material adverse effect
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on results of operations, cash flows, or financial condition, or for which disclosure is otherwise required by Item 103 of Regulation S-K.