Western Midstream Partners, LP (WES)

In the past six months, Western Midstream Partners (WES) completed the acquisition of Aris Water Solutions, Inc., expanding its New Mexico footprint and diversifying its customer base. WES announced record fourth-quarter and full-year 2025 results, reporting record adjusted EBITDA and free cash flow generation, but its stock declined by 5.5% the day after the earnings announcement. WES announced amendments to Delaware Basin natural gas gathering and processing contracts in exchange for common units and declared a quarterly cash distribution of $0.910 per unit.

While specific detailed information on demand seasonality for Western Midstream Partners' products and services is not extensively detailed, the company's earnings calls and reports sometimes acknowledge "normal seasonality we typically see in quarterly spend" for operation and maintenance expenses. General market analysis tools also offer "WES Seasonality" data to identify monthly return patterns, suggesting that some seasonal trends may exist in its stock performance.

Western Midstream Partners LP (WES) is a midstream energy company focused on acquiring, owning, developing, and operating midstream energy assets. It provides services for natural gas, crude oil, NGLs, and produced water, including gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering, transporting, recycling, treating, and disposing of produced water. The company protects a significant portion of its cash flows from commodity price volatility through fee-based contracts.

Western Midstream Partners' core assets and operations are primarily located in key resource plays across the United States, including the Delaware Basin in West Texas and New Mexico, the DJ Basin in northeastern Colorado, and the Powder River Basin in Northeast Wyoming. The company also has additional assets and investments in South Texas, Utah, and Southwest Wyoming.

Western Midstream Partners emphasizes its mission to improve lives through safe, sustainable, and efficient energy delivery. The company focuses on ensuring the reliability and performance of its systems, creating sustainable cost efficiencies, enhancing its safety culture, and protecting the environment. WES publishes sustainability reports, with its most recent being the 2023 Sustainability Report. The company's financial stability, underpinned by its fee-based contract structure, and its disciplined capital expenditure approach contribute to its reputation.

Western Midstream Partners (WES) has a diverse ownership structure, with a significant portion of its shares held by institutional owners. As of March 30, 2026, 336 institutional owners held a total of 164,128,106 shares, representing approximately 41.41% of WES stock. Anadarko Petroleum Corp is noted as the largest individual Western Midstream Partners shareholder, owning 620.71 million shares, representing 157.67% of the company.