Western Midstream Q3 2026: Adjusted EBITDA up 12% to $708.3 million; guidance reaffirmed
Western Midstream reported third-quarter 2026 Adjusted EBITDA of $708.3 million, up 12% from the prior-year period but down from $736.5 million in the second quarter. Diluted net income per unit was $0.78, down from $0.87 a year earlier, and the company reaffirmed its 2026 Adjusted EBITDA guidance of $2.750 billion to $2.950 billion, now expecting results above the midpoint.
Key points
- Adjusted EBITDA of $708.3 million, up 12% year over year and down from $736.5 million in Q2 2026.
- Diluted net income per common unit of $0.78, versus $0.87 in Q3 2025; net income attributable to limited partners was $324.8 million.
- Quarterly distribution of $0.930 per unit, unchanged from the prior quarter, payable November 13, 2026.
- 2026 Adjusted EBITDA guidance of $2.750 billion to $2.950 billion reaffirmed; 2026 capital expenditures expected slightly above the $850.0 million to $1.0 billion range.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.