Western Midstream Partners, LP news

Raised 2026 free cash flow guidance to $1.1-1.3 billion after record Q2 Adjusted EBITDA, showing strong operational execution and improved capital allocation.

Zacks Rank #1 (Strong Buy) with record Q2 2026 adjusted EBITDA of $736.5M (up 19% YoY). Recent acquisition of 7.5% interest in Solitude Pipeline System enhances growth prospects and provides additional Permian natural-gas takeaway capacity.

Successfully completed $1.6 billion Brazos Delaware acquisition, expanding Delaware Basin footprint with significant acreage and processing capacity additions.

Yields almost 8% with 193% distribution increase since 2020 reset and 420% growth since 2012 formation. Stable cash flows from long-term fixed-rate contracts support distributions. Expected 4-5% annual earnings growth supports low-to-mid-single-digit annual distribution increases.

Offers highest yield at 8.2% with strong 3x leverage balance sheet, strategic repositioning through acquisitions in waste water handling and gathering platforms, upcoming Pathfinder pipeline and North Loving II processing train expected to drive growth, and attractive forward EV/EBITDA multiple of 9.3x.

Recommended for its high yield (8.7%), low leverage (3x post-acquisition), successful repositioning through M&A, diversified customer base, and attractive valuation (under 9x forward EV/EBITDA) with growth prospects in natural gas and produced water businesses.

Second-largest AMLP holding at 12.55%, contributing to portfolio concentration. No independent performance analysis provided.

Highest yield at 8.6% with plans to grow distribution 3% in 2026. Despite transition year with lower throughput, company has strong balance sheet, diversifying away from Occidental, expanding ConocoPhillips agreement, and growing produced water business. Management expects minimal EBITDA impact from restructuring.