Western Midstream closes $1.6B Brazos Delaware II acquisition with cash and equity

Filed June 12, 2026 · Period ending June 11, 2026 · ~1 min read

Key Changes

• high

  Western Midstream completed acquisition of Brazos Delaware II for ~$1.6B: $800M cash plus 19.4M common units (~$800M value based on 20-day VWAP at signing). Deal expands midstream asset portfolio.

  Item 1.01 verify on EDGAR →
• high

  Seller received 19.4M common units representing ~8-10% dilution to existing unitholders. Units subject to 6-month lock-up, limiting immediate selling pressure but creating overhang after expiration.

  Item 3.02 verify on EDGAR →
• medium

  Partnership must file registration statement within 60 days to allow seller to resell units. This is standard for private placement deals but confirms units will become freely tradable after lock-up.

  Item 1.01 verify on EDGAR →