Observed Signal · Aug 5, 2026 · earnings · Source: SEC API · Impact: 4.1/5
10-Q Financial Filing Analysis for Wesfarmers (2026-08-05)
Western Midstream Partners, LP (WES) reported strong Q2 2026 financial results, with total revenues and other reaching $1.22 billion, up 30.0% year-over-year from $942.3 million in Q2 2025. Operating income rose to $526.7 million and net income reached $415.3 million ($403.6 million attributable to WES unitholders, or $0.99 per diluted unit). Growth was driven by substantial expansion in produced-water assets following the integration of Aris Water Solutions (acquired in October 2025) and fee-based revenue expansion across Delaware Basin assets, supplemented by the closing of the $1.67 billion Brazos Delaware II acquisition on June 11, 2026. The partnership maintained robust cash generation with Adjusted EBITDA of $736.5 million and Distributable Cash Flow of $537.2 million, declaring a Q2 cash distribution of $0.930 per unit.
WES demonstrated significant top-line and EBITDA expansion driven by strategic Delaware Basin midstream and produced-water asset consolidations (Aris and Brazos Delaware), cementing its high-margin fee-based infrastructure footprint while maintaining steady capital returns.
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Key Takeaways & Evidence Grounding
- Q2 2026 total revenues and other increased 30.0% YoY to $1.225 billion, driving operating income to $526.7 million and net income to $415.3 million.
- Closed the acquisition of Brazos Delaware II, LLC on June 11, 2026, for $1.67 billion ($820.3 million cash and 19.4 million WES common units), adding 900 miles of pipeline and 460 MMcf/d processing capacity.
- Declared a Q2 2026 distribution of $0.930 per unit ($392.7 million total), supported by $736.5 million in Adjusted EBITDA and $537.2 million in Distributable Cash Flow.
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10-Q Financial Filing Analysis for Angi (2026-08-04)
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10-Q Financial Filing Analysis for Zeta Global (2026-08-05)
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