Western Midstream Posts Record Results, 8.56% Yield on Delaware Basin Expansion

Amid steady oil prices that boost energy infrastructure appeal, Western Midstream Partners (WES) posted record quarterly adjusted EBITDA of $683.1 million. Distributable cash flow reached $508.9 million, yielding an 8.56% distribution rate according to preliminary reports. The company also completed two strategic acquisitions—Brazos Delaware II and Aris Water—to expand its Delaware Basin footprint.

The record performance was driven by higher pipeline throughput volumes and accretive acquisitions that diversify revenue into less cyclical water services. WES shares closed at $42.78 on June 25, within a range of $42.15–$43.11, per market data. The 8.56% yield ranks among the highest in the midstream distribution space, attracting income-focused investors.

At the recorded close, the stock shows positive momentum after a string of strong results, with potential for re-rating as cash flows and distributions grow. No major upcoming economic events in the next seven days directly impact the sector, but the focus remains on the company's ability to sustain Delaware Basin expansion. The $42.15 level serves as near-term support, while $43.11 acts as immediate resistance.