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    WESTERN MIDSTREAM ANNOUNCES FIRST-QUARTER 2025 RESULTS

    5/7/25 4:15:00 PM ET
    $WES
    Natural Gas Distribution
    Utilities
    Get the next $WES alert in real time by email
    • Reported first-quarter 2025 Net income attributable to limited partners of $301.8 million, generating first-quarter Adjusted EBITDA(1) of $593.6 million.
    • Reported first-quarter 2025 Cash flows provided by operating activities of $530.8 million, generating first-quarter Free Cash Flow(1) of $399.4 million.
    • Announced a first-quarter distribution of $0.910 per unit, which is 4-percent higher than the prior quarter's distribution, or $3.64 per unit on an annualized basis, and in-line with prior management commentary.

    HOUSTON, May 7, 2025 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced first-quarter financial and operating results. Net income (loss) attributable to limited partners for the first quarter of 2025 totaled $301.8 million, or $0.79 per common unit (diluted), with first-quarter 2025 Adjusted EBITDA(1) totaling $593.6 million. First-quarter 2025 Cash flows provided by operating activities totaled $530.8 million, and first-quarter 2025 Free Cash Flow(1) totaled $399.4 million. First-quarter 2025 capital expenditures(3) totaled $163.6 million.

    FIRST-QUARTER HIGHLIGHTS

    • Gathered record natural-gas throughput in the Delaware Basin of 2.0 Bcf/d, representing a modest sequential-quarter increase.
    • Completed the start-up of the North Loving natural-gas processing plant in late-February, increasing WES's operated, nameplate natural-gas processing capacity by 250 MMcf/d to approximately 2.2 Bcf/d at our West Texas complex in the Delaware Basin.
    • Placed steel pipe order necessary to construct the Pathfinder Pipeline from a domestic steel mill, protecting the project's targeted returns by minimizing the impact from tariffs.
    • Retired $664 million of senior notes in January of 2025 with cash on hand.

    On May 15, 2025, WES will pay its first-quarter 2025 per-unit distribution of $0.910, or $3.64 on an annualized basis, which represents growth of 4-percent over the prior quarter's distribution and is in-line with prior commentary. First-quarter 2025 Free Cash Flow(1) after distributions totaled $58.4 million.

    First-quarter 2025 natural-gas throughput(2) averaged 5.1 Bcf/d, representing a 2-percent sequential-quarter decrease. First-quarter 2025 crude-oil and NGLs throughput(2) averaged 503 MBbls/d, representing a 6-percent sequential-quarter decrease. Operated crude-oil and NGLs throughput averaged 411 MBbls/d, representing a 3-percent sequential-quarter decrease. First-quarter 2025 produced-water throughput(2) averaged 1,166 MBbls/d, representing a 2-percent sequential-quarter decrease.

    "I am pleased to report another successful quarter for WES marked by strong financial performance and stability," commented Oscar Brown, President and Chief Executive Officer. "We also successfully commenced operations at the North Loving plant in the Delaware Basin ahead of schedule and under budget in late February. This significant milestone positions WES for continued growth within the basin and demonstrates our commitment to operational excellence."

    "In the first quarter, our Adjusted EBITDA increased primarily due to increased NGLs recoveries in combination with higher commodity pricing, another quarter of record natural-gas throughput and increased margin contribution from the Delaware Basin, and lower operating expenses. Notwithstanding the recent market volatility, our 2025 guidance remains unchanged as we have not observed any significant, near-term forecast changes by our customers. We still anticipate throughput growth this year across all products, primarily driven by the Delaware Basin and the tie-in of the Altamont pipeline to our Chipeta plant in Utah. Additionally, our contract structures provide more predictable cash flows, even during periods of commodity price volatility."

    "We continue to expect capital expenditures to range between $625 million and $775 million primarily driven by the completion of the North Loving plant, ongoing Pathfinder project expenses, and expansion efforts in the Powder River Basin and at our Chipeta plant in Utah. Additionally, we already placed orders for the steel required to construct the Pathfinder Pipeline from a domestic steel mill, which should protect the project's targeted rate of return by minimizing the potential impact from the recently announced import tariffs. Should volatile market conditions persist, and our customers begin reducing activity levels, we have the ability to flex our capital spending lower by canceling or deferring certain growth projects to better align with revised producer forecasts."

    "Looking ahead, our investment thesis remains robust, highlighted by WES's compelling tax deferred distribution yield. We will continue to focus on the factors within our control, such as reducing our overall cost structure, maintaining a strong balance sheet, and allocating capital to growth projects that drive top-tier unitholder returns. With investment-grade credit ratings, net leverage below 3.0-times, and $2.4 billion in liquidity, we have the financial flexibility needed to execute our growth plans. We are also committed to returning capital to our unitholders, as evidenced by our recent 4-percent distribution increase, and we are confident that our disciplined approach will continue to create significant long-term value for our unitholders," concluded Mr. Brown.

    CONFERENCE CALL TOMORROW AT 9:00 A.M. CT

    WES will host a conference call on Thursday, May 8, 2025, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss its first-quarter results. To access the live audio webcast of the conference call, please visit the investor relations section of the Partnership's website at www.westernmidstream.com. A small number of phone lines are available for analysts; individuals should dial 800-836-8184 (Domestic) or 646-357-8785 (International) ten to fifteen minutes before the scheduled conference call time. A replay of the live audio webcast can be accessed on the Partnership's website at www.westernmidstream.com for one year after the call.

    For additional details on WES's financial and operational performance, please refer to the earnings slides and updated investor presentation available at www.westernmidstream.com.

    ABOUT WESTERN MIDSTREAM

    Western Midstream Partners, LP ("WES") is a master limited partnership formed to develop, acquire, own, and operate midstream assets. With midstream assets located in Texas, New Mexico, Colorado, Utah, and Wyoming, WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural-gas liquids, and crude oil; and gathering and disposing of produced water for its customers. In its capacity as a natural-gas processor, WES also buys and sells residue, natural-gas liquids, and condensate on behalf of itself and its customers under certain gas processing contracts. A substantial majority of WES's cash flows are protected from direct exposure to commodity price volatility through fee-based contracts.

    For more information about WES, please visit www.westernmidstream.com.

    This news release contains forward-looking statements. WES's management believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove correct. A number of factors could cause actual results to differ materially from the projections, anticipated results, or other expectations expressed in this news release. These factors include our ability to meet financial guidance or distribution expectations; our ability to safely and efficiently operate WES's assets; the supply of, demand for, and price of oil, natural gas, NGLs, and related products or services; our ability to meet projected in-service dates for capital-growth projects; construction costs or capital expenditures exceeding estimated or budgeted costs or expenditures; and the other factors described in the "Risk Factors" section of WES's most-recent Form 10-K filed with the Securities and Exchange Commission and other public filings and press releases. WES undertakes no obligation to publicly update or revise any forward-looking statements.

    ______________________________________________________________

    (1)

    Please see the definitions of the Partnership's non-GAAP measures at the end of this release and reconciliation of GAAP to non-GAAP measures.

    (2)

    Represents total throughput attributable to WES, which excludes (i) the 2.0% limited partner interest in WES Operating owned by an Occidental subsidiary and (ii) for natural-gas throughput, the 25% third-party interest in Chipeta, which collectively represent WES's noncontrolling interests.

    (3)

    Accrual-based, includes equity investments, excludes capitalized interest, and excludes capital expenditures associated with the 25% third-party interest in Chipeta.

    WESTERN MIDSTREAM CONTACTS

    Daniel Jenkins

    Director, Investor Relations

    [email protected]

    866.512.3523

    Rhianna Disch

    Manager, Investor Relations

    [email protected]

    866.512.3523

     

    Western Midstream Partners, LP

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    (Unaudited)







    Three Months Ended 

    March 31,

    thousands except per-unit amounts



    2025



    2024

    Revenues and other









    Service revenues – fee based



    $      823,197



    $      781,262

    Service revenues – product based



    59,252



    66,740

    Product sales



    34,469



    39,292

    Other



    198



    435

    Total revenues and other



    917,116



    887,729

    Equity income, net – related parties



    20,435



    32,819

    Operating expenses









    Cost of product



    41,492



    46,079

    Operation and maintenance



    226,514



    194,939

    General and administrative



    66,786



    67,839

    Property and other taxes



    17,826



    13,920

    Depreciation and amortization



    170,460



    157,991

    Long-lived asset and other impairments



    3



    23

    Total operating expenses



    523,081



    480,791

    Gain (loss) on divestiture and other, net



    (4,667)



    239,617

    Operating income (loss)



    409,803



    679,374

    Interest expense



    (97,293)



    (94,506)

    Gain (loss) on early extinguishment of debt



    —



    524

    Other income (expense), net



    7,477



    2,346

    Income (loss) before income taxes



    319,987



    587,738

    Income tax expense (benefit)



    3,435



    1,522

    Net income (loss)



    316,552



    586,216

    Net income (loss) attributable to noncontrolling interests



    7,545



    13,386

    Net income (loss) attributable to Western Midstream Partners, LP



    $      309,007



    $      572,830

    Limited partners' interest in net income (loss):









    Net income (loss) attributable to Western Midstream Partners, LP



    $      309,007



    $      572,830

    General partner interest in net (income) loss



    (7,170)



    (13,330)

    Limited partners' interest in net income (loss)



    $      301,837



    $      559,500

    Net income (loss) per common unit – basic



    $            0.79



    $            1.47

    Net income (loss) per common unit – diluted



    $            0.79



    $            1.47

    Weighted-average common units outstanding – basic



    380,986



    380,024

    Weighted-average common units outstanding – diluted



    382,494



    381,628

     

    Western Midstream Partners, LP

    CONDENSED CONSOLIDATED BALANCE SHEETS

    (Unaudited)



    thousands except number of units



    March 31,

    2025



    December 31,

    2024

    Total current assets



    $       1,189,894



    $       1,847,190

    Net property, plant, and equipment



    9,727,094



    9,714,609

    Other assets



    1,539,889



    1,582,986

    Total assets



    $     12,456,877



    $     13,144,785

    Total current liabilities



    $       1,010,929



    $       1,691,694

    Long-term debt



    6,925,033



    6,926,647

    Asset retirement obligations



    378,889



    370,195

    Other liabilities



    808,455



    781,079

    Total liabilities



    9,123,306



    9,769,615

    Equity and partners' capital









    Common units (381,327,148 and 380,556,643 units issued and outstanding at March 31,

      2025, and December 31, 2024, respectively)



    3,183,365



    3,224,802

    General partner units (9,060,641 units issued and outstanding at March 31, 2025, and

      December 31, 2024) 



    10,045



    10,803

    Noncontrolling interests



    140,161



    139,565

    Total liabilities, equity, and partners' capital



    $     12,456,877



    $     13,144,785

     

    Western Midstream Partners, LP

    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

    (Unaudited)







    Three Months Ended 

    March 31,

    thousands



    2025



    2024

    Cash flows from operating activities









    Net income (loss)



    $      316,552



    $      586,216

    Adjustments to reconcile net income (loss) to net cash provided by operating activities and

      changes in assets and liabilities:









    Depreciation and amortization



    170,460



    157,991

    Long-lived asset and other impairments



    3



    23

    (Gain) loss on divestiture and other, net



    4,667



    (239,617)

    (Gain) loss on early extinguishment of debt



    —



    (524)

    Change in other items, net



    39,111



    (104,381)

    Net cash provided by operating activities



    $      530,793



    $      399,708

    Cash flows from investing activities









    Capital expenditures



    $     (142,402)



    $     (193,789)

    Acquisitions from third parties



    —



    (443)

    Distributions from equity investments in excess of cumulative earnings – related parties



    11,007



    19,033

    Proceeds from the sale of assets to third parties



    19



    582,739

    (Increase) decrease in materials and supplies inventory and other



    (9,414)



    (10,691)

    Net cash provided by (used in) investing activities



    $     (140,790)



    $       396,849

    Cash flows from financing activities









    Repayments of debt



    $     (663,831)



    $       (14,503)

    Commercial paper borrowings (repayments), net



    —



    (510,379)

    Increase (decrease) in outstanding checks



    (113)



    766

    Distributions to Partnership unitholders



    (340,996)



    (223,438)

    Distributions to Chipeta noncontrolling interest owner



    —



    (1,085)

    Distributions to noncontrolling interest owner of WES Operating



    (6,949)



    (4,591)

    Other



    (20,131)



    (20,868)

    Net cash provided by (used in) financing activities



    $  (1,032,020)



    $     (774,098)

    Net increase (decrease) in cash and cash equivalents



    $     (642,017)



    $        22,459

    Cash and cash equivalents at beginning of period



    1,090,464



    272,787

    Cash and cash equivalents at end of period



    $       448,447



    $      295,246

     

    Western Midstream Partners, LP

    RECONCILIATION OF GAAP TO NON-GAAP MEASURES

    WES defines Adjusted Gross Margin attributable to Western Midstream Partners, LP ("Adjusted Gross Margin") as total revenues and other (less reimbursements for electricity-related expenses recorded as revenue), less cost of product, plus distributions from equity investments, and excluding the noncontrolling interest owners' proportionate share of revenues and cost of product.

    WES defines Adjusted EBITDA attributable to Western Midstream Partners, LP ("Adjusted EBITDA") as net income (loss), plus (i) distributions from equity investments, (ii) non-cash equity-based compensation expense, (iii) interest expense, (iv) income tax expense, (v) depreciation and amortization, (vi) impairments, and (vii) other expense (including lower of cost or market inventory adjustments recorded in cost of product), less (i) gain (loss) on divestiture and other, net, (ii) gain (loss) on early extinguishment of debt, (iii) income from equity investments, (iv) income tax benefit, (v) other income, and (vi) the noncontrolling interest owners' proportionate share of revenues and expenses.

    WES defines Free Cash Flow as net cash provided by operating activities less total capital expenditures and contributions to equity investments, plus distributions from equity investments in excess of cumulative earnings.

    Below are reconciliations of (i) gross margin (GAAP) to Adjusted Gross Margin (non-GAAP), (ii) net income (loss) (GAAP) and net cash provided by operating activities (GAAP) to Adjusted EBITDA (non-GAAP), and (iii) net cash provided by operating activities (GAAP) to Free Cash Flow (non-GAAP), as required under Regulation G of the Securities Exchange Act of 1934. Management believes that Adjusted Gross Margin, Adjusted EBITDA, and Free Cash Flow are widely accepted financial indicators of WES's financial performance compared to other publicly traded partnerships and are useful in assessing WES's ability to incur and service debt, fund capital expenditures, and make distributions. Adjusted Gross Margin, Adjusted EBITDA, and Free Cash Flow as defined by WES, may not be comparable to similarly titled measures used by other companies. Therefore, WES's Adjusted Gross Margin, Adjusted EBITDA, and Free Cash Flow should be considered in conjunction with net income (loss) attributable to Western Midstream Partners, LP and other applicable performance measures, such as gross margin or cash flows provided by operating activities.

     

    Western Midstream Partners, LP

    RECONCILIATION OF GAAP TO NON-GAAP MEASURES (CONTINUED)

    (Unaudited)



    Adjusted Gross Margin







    Three Months Ended

    thousands



    March 31,

    2025



    December 31,

    2024

    Reconciliation of Gross margin to Adjusted Gross Margin

    Total revenues and other



    $           917,116



    $           928,503

    Less:









    Cost of product



    41,492



    39,315

    Depreciation and amortization



    170,460



    162,990

    Gross margin



    705,164



    726,198

    Add:









    Distributions from equity investments



    34,344



    31,585

    Depreciation and amortization



    170,460



    162,990

    Less:









    Reimbursed electricity-related charges recorded as revenues



    29,004



    31,834

    Adjusted Gross Margin attributable to noncontrolling interests (1)



    20,181



    20,542

    Adjusted Gross Margin



    $           860,783



    $           868,397











    Gross margin









    Gross margin for natural-gas assets (2)



    $           527,144



    $           534,452

    Gross margin for crude-oil and NGLs assets (2)



    101,275



    108,259

    Gross margin for produced-water assets (2)



    84,576



    91,219

    Adjusted Gross Margin









    Adjusted Gross Margin for natural-gas assets



    $           618,452



    $           616,373

    Adjusted Gross Margin for crude-oil and NGLs assets



    143,475



    147,060

    Adjusted Gross Margin for produced-water assets



    98,856



    104,964

    (1)

    Includes (i) the 25% third-party interest in Chipeta and (ii) the 2.0% limited partner interest in WES Operating owned by an Occidental subsidiary, which collectively represent WES's noncontrolling interests.

    (2)

    Excludes corporate-level depreciation and amortization.

     

    Western Midstream Partners, LP

    RECONCILIATION OF GAAP TO NON-GAAP MEASURES (CONTINUED)

    (Unaudited)



    Adjusted EBITDA







    Three Months Ended

    thousands



    March 31,

    2025



    December 31,

    2024

    Reconciliation of Net income (loss) to Adjusted EBITDA

    Net income (loss)



    $           316,552



    $           341,580

    Add:









    Distributions from equity investments



    34,344



    31,585

    Non-cash equity-based compensation expense



    8,248



    9,421

    Interest expense



    97,293



    99,336

    Income tax expense



    3,435



    444

    Depreciation and amortization



    170,460



    162,990

    Long-lived asset and other impairments



    3



    2

    Other expense



    190



    9

    Less:









    Gain (loss) on divestiture and other, net



    (4,667)



    (2,655)

    Equity income, net – related parties



    20,435



    28,158

    Other income



    7,477



    15,617

    Adjusted EBITDA attributable to noncontrolling interests (1)



    13,708



    13,548

    Adjusted EBITDA



    $           593,572



    $           590,699

    Reconciliation of Net cash provided by operating activities to Adjusted EBITDA

    Net cash provided by operating activities



    $           530,793



    $           554,446

    Interest (income) expense, net



    97,293



    99,336

    Accretion and amortization of long-term obligations, net



    (2,202)



    (2,354)

    Current income tax expense (benefit)



    1,722



    411

    Other (income) expense, net



    (7,477)



    (15,617)

    Distributions from equity investments in excess of cumulative earnings – related parties



    11,007



    3,290

    Changes in assets and liabilities:









    Accounts receivable, net



    (28,634)



    30,203

    Accounts and imbalance payables and accrued liabilities, net



    46,684



    (56,949)

    Other items, net



    (41,906)



    (8,519)

    Adjusted EBITDA attributable to noncontrolling interests (1)



    (13,708)



    (13,548)

    Adjusted EBITDA



    $           593,572



    $           590,699

    Cash flow information









    Net cash provided by operating activities



    $           530,793



    $           554,446

    Net cash provided by (used in) investing activities



    (140,790)



    (230,321)

    Net cash provided by (used in) financing activities



    (1,032,020)



    (358,398)

    (1)

    Includes (i) the 25% third-party interest in Chipeta and (ii) the 2.0% limited partner interest in WES Operating owned by an Occidental subsidiary, which collectively represent WES's noncontrolling interests.

     

    Western Midstream Partners, LP

    RECONCILIATION OF GAAP TO NON-GAAP MEASURES (CONTINUED)

    (Unaudited)



    Free Cash Flow







    Three Months Ended

    thousands



    March 31,

    2025



    December 31,

    2024

    Reconciliation of Net cash provided by operating activities to Free Cash Flow

    Net cash provided by operating activities



    $           530,793



    $           554,446

    Less:









    Capital expenditures



    142,402



    238,769

    Contributions to equity investments – related parties



    —



    9,690

    Add:









    Distributions from equity investments in excess of cumulative earnings – related parties



    11,007



    3,290

    Free Cash Flow



    $           399,398



    $           309,277

    Cash flow information









    Net cash provided by operating activities



    $           530,793



    $           554,446

    Net cash provided by (used in) investing activities



    (140,790)



    (230,321)

    Net cash provided by (used in) financing activities



    (1,032,020)



    (358,398)

     

    Western Midstream Partners, LP

    OPERATING STATISTICS

    (Unaudited)







    Three Months Ended





    March 31,

    2025



    December 31,

    2024



    Inc/

    (Dec)

    Throughput for natural-gas assets (MMcf/d)

    Gathering, treating, and transportation



    371



    380



    (2) %

    Processing



    4,370



    4,464



    (2) %

    Equity investments (1)



    550



    550



    — %

    Total throughput



    5,291



    5,394



    (2) %

    Throughput attributable to noncontrolling interests (2)



    181



    181



    — %

    Total throughput attributable to WES for natural-gas assets



    5,110



    5,213



    (2) %

    Throughput for crude-oil and NGLs assets (MBbls/d)

    Gathering, treating, and transportation



    411



    423



    (3) %

    Equity investments (1)



    103



    121



    (15) %

    Total throughput



    514



    544



    (6) %

    Throughput attributable to noncontrolling interests (2)



    11



    10



    10 %

    Total throughput attributable to WES for crude-oil and NGLs assets



    503



    534



    (6) %

    Throughput for produced-water assets (MBbls/d)

    Gathering and disposal



    1,190



    1,216



    (2) %

    Throughput attributable to noncontrolling interests (2)



    24



    25



    (4) %

    Total throughput attributable to WES for produced-water assets



    1,166



    1,191



    (2) %

    Per-Mcf Gross margin for natural-gas assets (3)



    $                 1.11



    $                 1.08



    3 %

    Per-Bbl Gross margin for crude-oil and NGLs assets (3)



    2.19



    2.16



    1 %

    Per-Bbl Gross margin for produced-water assets (3)



    0.79



    0.82



    (4) %















    Per-Mcf Adjusted Gross Margin for natural-gas assets (4)



    $                 1.34



    $                 1.29



    4 %

    Per-Bbl Adjusted Gross Margin for crude-oil and NGLs assets (4)



    3.17



    3.00



    6 %

    Per-Bbl Adjusted Gross Margin for produced-water assets (4)



    0.94



    0.96



    (2) %

    (1)

    Represents our share of average throughput for investments accounted for under the equity method of accounting.

    (2) 

    Includes (i) the 2.0% limited partner interest in WES Operating owned by an Occidental subsidiary and (ii) for natural-gas assets, the 25% third-party interest in Chipeta, which collectively represent WES's noncontrolling interests.

    (3)  

    Average for period. Calculated as Gross margin for natural-gas assets, crude-oil and NGLs assets, or produced-water assets, divided by the respective total throughput (MMcf or MBbls) for natural-gas assets, crude-oil and NGLs assets, or produced-water assets.

    (4) 

    Average for period. Calculated as Adjusted Gross Margin for natural-gas assets, crude-oil and NGLs assets, or produced-water assets, divided by the respective total throughput (MMcf or MBbls) attributable to WES for natural-gas assets, crude-oil and NGLs assets, or produced-water assets.

     

    Western Midstream Partners, LP

    OPERATING STATISTICS (CONTINUED)

    (Unaudited)







    Three Months Ended





    March 31,

    2025



    December 31,

    2024



    Inc/

    (Dec)

    Throughput for natural-gas assets (MMcf/d)

    Operated













    Delaware Basin



    1,975



    1,973



    — %

    DJ Basin



    1,404



    1,502



    (7) %

    Powder River Basin



    463



    488



    (5) %

    Other



    899



    881



    2 %

    Total operated throughput for natural-gas assets



    4,741



    4,844



    (2) %

    Non-operated













    Equity investments



    550



    550



    — %

    Total non-operated throughput for natural-gas assets



    550



    550



    — %

    Total throughput for natural-gas assets



    5,291



    5,394



    (2) %

    Throughput for crude-oil and NGLs assets (MBbls/d)

    Operated













    Delaware Basin



    256



    260



    (2) %

    DJ Basin



    94



    102



    (8) %

    Powder River Basin



    25



    27



    (7) %

    Other



    36



    34



    6 %

    Total operated throughput for crude-oil and NGLs assets



    411



    423



    (3) %

    Non-operated













    Equity investments



    103



    121



    (15) %

    Total non-operated throughput for crude-oil and NGLs assets



    103



    121



    (15) %

    Total throughput for crude-oil and NGLs assets



    514



    544



    (6) %

    Throughput for produced-water assets (MBbls/d)

    Operated













    Delaware Basin



    1,190



    1,216



    (2) %

    Total operated throughput for produced-water assets



    1,190



    1,216



    (2) %

     

    Western Midstream (PRNewsfoto/Western Midstream Partners, LP)

     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/western-midstream-announces-first-quarter-2025-results-302448752.html

    SOURCE Western Midstream Partners, LP

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