Description

Western Midstream Partners & Brazos Delaware II — $20 Million Of Synergies Are In Sight!

Western Midstream Partners reported record second-quarter 2026 adjusted EBITDA of $737 million, reflecting an 8% sequential increase and a 19% rise year-over-year. This performance benefited from record throughput in natural gas and produced water sectors, alongside approximately 2.5 weeks of contribution from the recent $1.6 billion acquisition of Brazos Delaware II. Funded through a combination of cash and common units, the Brazos acquisition enhances Western Midstream’s presence in the Delaware Basin, diversifies its customer base, and is expected to be accretive to per-unit metrics while maintaining credit rating stability. Integration efforts are progressing well, with system connection targeted by year-end to optimize plant capacity usage and yield $15 million to $20 million in cost synergies through administrative and maintenance efficiencies.