Western Midstream Partners, LP (WES) Tops Q4 EPS by 12c; Offers FY23 EBITDA Guidance
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Western Midstream Announces Fourth-Quarter and Full-Year 2022 Results
February 22, 2023 4:15 PM ESTAnnounces 2023 Guidance and 2022 Enhanced Distribution Expectation
Reported fourth-quarter 2022 Net income attributable to limited partners of $328.6 million, generating fourth-quarter Adjusted EBITDA(1) of $515.8 million. Reported full-year 2022 Net income attributable to limited partners of $1.190 billion, generating full-year Adjusted EBITDA(1) of $2.128 billion, achieving the full-year 2022 Adjusted EBITDA guidance range of $2.125 billion to $2.225 billion. Reported fourth-quarter 2022 Cash flows provided by operating activities of $489.2 million, generating fourth-quarter Free cash flow(1) of $365.6 million. Reported full-year 2022 Cash flows provided by operating activities of $1.701 billion, generating full-year Free cash flow(1) of $1.268 billion, achieving the full-year 2022 Free cash flow guidance... More