Western Midstream Partners (WES) reported second-quarter 2026 net income attributable to limited partners of $394.9 million, or $0.99 per common unit diluted. Total revenues and other were $1.22 billion for the quarter.
The partnership reported record quarterly Adjusted EBITDA of $736.5 million, cash flows provided by operating activities of $534.7 million and Distributable Cash Flow of $537.2 million. WES also revised its full-year 2026 guidance for Adjusted EBITDA, Distributable Cash Flow and Free Cash Flow.
- Second-quarter distribution was set at $0.930 per unit, or $3.72 annualized.
- Second-quarter Free Cash Flow was $263.6 million, while capital expenditures totaled $308.3 million.
- Revised 2026 Adjusted EBITDA guidance is $2.750 billion to $2.950 billion.
- Revised 2026 Distributable Cash Flow guidance is $2.050 billion to $2.250 billion.
- Revised 2026 Free Cash Flow guidance is $1.100 billion to $1.300 billion.
- WES reaffirmed 2026 total capital expenditures guidance of $850.0 million to $1.0 billion.
- The company executed two new Powder River Basin gathering and processing agreements, adding about 270,000 dedicated acres to its basin footprint.
$WES Insider Trading Activity
$WES insiders have traded $WES stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $WES stock by insiders over the last 6 months:
- CHRISTOPHER B. DIAL (SVP, GC and Secretary) sold 5,879 shares for an estimated $248,975
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$WES Hedge Fund Activity
We have seen 166 institutional investors add shares of $WES stock to their portfolio, and 97 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WESTWOOD HOLDINGS GROUP INC added 2,099,796 shares (+4867.7%) to their portfolio in Q1 2026, for an estimated $86,448,601
- ALPS ADVISORS INC added 1,555,243 shares (+4.4%) to their portfolio in Q2 2026, for an estimated $68,057,433
- JANE STREET GROUP, LLC removed 1,200,205 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $49,412,439
- BANK OF AMERICA CORP /DE/ removed 1,108,768 shares (-49.6%) from their portfolio in Q1 2026, for an estimated $45,647,978
- MORGAN STANLEY removed 896,110 shares (-16.5%) from their portfolio in Q1 2026, for an estimated $36,892,848
- ING GROEP NV added 871,847 shares (+121.8%) to their portfolio in Q1 2026, for an estimated $35,893,940
- GOLDMAN SACHS GROUP INC removed 803,701 shares (-8.4%) from their portfolio in Q1 2026, for an estimated $33,088,370
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
