Western Midstream Partners LP (NYSE:WES)
$ 46.79 +0.64 (+1.39%) Market Cap: 19.33 Bil Enterprise Value: 27.53 Bil PE Ratio: 14.71 PB Ratio: 5.47 GF Score: 85/100

Q1 2025 Western Midstream Partners LP Post-Earnings Presentation Transcript

May 13, 2025 / 11:00AM GMT
Release Date Price: $39.37 (+2.98%)
Daniel Jenkins
Western Midstream Partners LP - Investor Relations

Welcome to Western Midstream's first-quarter 2025 post-earnings call fireside chat with our Chief Financial Officer, Kristen Shults.

Kristen, can you give us an overview of West's first quarter financial and operational results?

Kristen Shults
Western Midstream Partners LP - Senior Vice President, Chief Financial Officer

Sure, Daniel. So first quarter was a very strong quarter for us financially. Our first quarter adjusted EBITDA was $594 million. That was an increase relative to fourth quarter of 2024. Our adjusted gross margin decreased slightly because of decreased throughput, but the revenue recognition adjustment we had in

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