Description
Western Midstream: An Insight Into Its Pathfinder Pipeline Project!
Western Midstream Partners, LP reported a mixed financial performance in the first quarter of 2025, reflecting both positive and challenging aspects. The company’s adjusted EBITDA stood at $594 million, marking an improvement from the previous quarter, despite a slight decline in the adjusted gross margin primarily due to reduced throughput and a revenue recognition adjustment in the preceding quarter. Operating expenses saw a reduction, driven by lower operating and maintenance costs and general and administrative expenses. The free cash flow after distributions was $58 million. Importantly, the Board approved a 4% increase in distribution, boosting the per-unit distribution to $0.91.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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