The midstream operator raised its adjusted EBITDA guidance range top to $2.7B after closing the $1.6B Brazos acquisition.
Western Midstream Partners revised its 2026 adjusted EBITDA guidance to the high end of its $2.5B-$2.7B range, citing strong Q1 performance and the $1.6B Brazos acquisition. The company attributed results to higher throughput and contributions from the Aris deal, which closed earlier this year.
Prior guidance had centered around the midpoint of the range, with consensus estimates near $2.6B. The upward revision follows a quarter of per-day volume growth and full integration of recent acquisitions.
Management described Q1 2026 as “truly a great quarter,” though no immediate market reaction was disclosed in the earnings call summary.