The midstream energy services provider Western Midstream Partners announced on Monday that it will release its second-quarter financial results after the U.S. market closes on Tuesday, August 4, 2026. The company will also declare its quarterly cash distribution at that time. Management will host a conference call to discuss the financial report and distribution plans.
Western Midstream is a midstream company focused on gathering, processing, transporting, and storing natural gas and crude oil. Its assets are primarily located in the Permian Basin, the Rocky Mountains, and the southwestern United States. Operating as a master limited partnership, the company regularly distributes cash to its unitholders.
Market expectations for the second quarter forecast adjusted EBITDA in a range of $580 million to $620 million, representing a year-over-year increase of approximately 4% to 6%. Analysts are particularly focused on production growth in the Permian and Rocky Mountain regions, the potential impact of key customers' production schedule adjustments on pipeline utilization rates, and the execution progress of the company's capital expenditure plans.
In the first quarter, Western Midstream declared a quarterly distribution of $0.85 per common unit, representing an annualized yield of about 8%. The market anticipates a possible slight increase for the second quarter to a range of $0.87 to $0.89, reflecting the company's stable cash flow generation. Investors will be listening for management's outlook on future distribution growth.
The company has recently announced several expansion projects, including additional natural gas processing capacity in the Permian Basin and pipeline interconnection projects in the Rocky Mountains to meet rising transportation demand from regional production growth. Investors are hoping to gain details on the budget, timeline, and expected rates of return for these projects during the upcoming conference call.
Western Midstream has scheduled its earnings conference call for 4:00 p.m. Eastern Time on August 4. The live webcast will be accessible via the investor relations section of the company's website.