{"success":true,"data":{"pressRelease":{"id":"61802","rtpr_id":"nPn9Ztqysa","ticker":"WES","exchange":"NYSE","all_tickers":["WES"],"title":"Western Midstream Announces Closing of Brazos Delaware Acquisition","author":"PR Newswire","published_at":"2026-06-11T20:05:00.043Z","article_body":"Western Midstream Announces Closing of Brazos Delaware Acquisition\n\nPR Newswire\n\nHOUSTON, June 11, 2026\n\nHOUSTON, June 11, 2026 /PRNewswire/ -- Western Midstream Partners, LP (\"WES\"\nor the \"Partnership\") (NYSE: WES) today announced it closed the previously\nannounced acquisition of Brazos Delaware II, LLC (\"Brazos\") for approximately\n$1.6 billion. Transaction consideration comprised approximately $800 million\nin cash and approximately $800 million in WES common units. WES issued\napproximately 19.4 million units based on the volume weighted average WES\ncommon unit price at the time the acquisition agreement was signed. The Brazos\nacquisition expands WES's gathering and processing footprint in the Delaware\nBasin and aligns with WES's philosophy of only deploying capital that sustains\nor grows its distribution. The transaction also met the objectives of\naccretion to per-unit metrics, protecting the Partnership's balance sheet and\ninvestment grade credit ratings, and diversifying its customer base and\nownership.\n\nABOUT WESTERN MIDSTREAM\n\nWestern Midstream Partners, LP (\"WES\") is a master limited partnership formed\nto develop, acquire, own, and operate midstream assets. With midstream assets\nlocated in Texas, New Mexico, Colorado, Utah, and Wyoming, WES is engaged in\nthe business of gathering, compressing, treating, processing, and transporting\nnatural gas; gathering, stabilizing, and transporting condensate, natural-gas\nliquids, and crude oil; and gathering, transporting, recycling, treating, and\ndisposing of produced water for its customers. In its capacity as a\nnatural-gas processor, WES also buys and sells residue, natural-gas liquids,\nand condensate on behalf of itself and its customers under certain gas\nprocessing contracts. A substantial majority of WES's cash flows are protected\nfrom direct exposure to commodity-price volatility through fee-based\ncontracts.\n\nFor more information about WES, please visit www.westernmidstream.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4708697-1&h=191398202&u=http%3A%2F%2Fwww.westernmidstream.com%2F&a=www.westernmidstream.com)\n.\n\nFORWARD-LOOKING STATEMENTS\n\nThis news release contains forward-looking statements. WES's management\nbelieves that its expectations are based on reasonable assumptions. No\nassurance, however, can be given that such expectations will prove correct. A\nnumber of factors could cause actual results to differ materially from the\nprojections, anticipated results, or other expectations expressed in this news\nrelease. These factors include our ability to realize the expected benefits\nfrom the Brazos acquisition; meet financial guidance or distribution\nexpectations; our ability to safely and efficiently operate WES's assets and\nintegrate the Brazos assets into our portfolio; the supply of, demand for, and\nprice of oil, natural gas, NGLs, and related products or services; our ability\nto meet projected in-service dates for capital-growth projects; construction\ncosts or capital expenditures exceeding estimated or budgeted costs or\nexpenditures; and the other factors described in the \"Risk Factors\" section of\nWES's most-recent Form 10-K filed with the Securities and Exchange Commission\nand other public filings and press releases. WES undertakes no obligation to\npublicly update or revise any forward-looking statements, except as required\nby applicable law.\n\nWESTERN MIDSTREAM CONTACTS\nDaniel Jenkins\nDirector, Investor Relations\nInvestors@westernmidstream.com (mailto:Investors@westernmidstream.com)\n866.512.3523\n\nRhianna Disch\nManager, Investor Relations\nInvestors@westernmidstream.com (mailto:Investors@westernmidstream.com)\n866.512.3523\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/western-midstream-announces-closing-of-brazos-delaware-acquisition-302798393.html\n(https://www.prnewswire.com/news-releases/western-midstream-announces-closing-of-brazos-delaware-acquisition-302798393.html)\n\nSOURCE Western Midstream Partners, LP\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS653498/Western_Midstream_Logo.jpg?id=OA2696291\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn9Ztqysa","title":"Western Midstream Announces Closing of Brazos Delaware Acquisition","author":"PR Newswire","ticker":"WES","created":"2026-06-11T20:05:00.043Z","tickers":["WES"],"exchange":"NYSE","article_body":"Western Midstream Announces Closing of Brazos Delaware Acquisition\n\nPR Newswire\n\nHOUSTON, June 11, 2026\n\nHOUSTON, June 11, 2026 /PRNewswire/ -- Western Midstream Partners, LP (\"WES\"\nor the \"Partnership\") (NYSE: WES) today announced it closed the previously\nannounced acquisition of Brazos Delaware II, LLC (\"Brazos\") for approximately\n$1.6 billion. Transaction consideration comprised approximately $800 million\nin cash and approximately $800 million in WES common units. WES issued\napproximately 19.4 million units based on the volume weighted average WES\ncommon unit price at the time the acquisition agreement was signed. The Brazos\nacquisition expands WES's gathering and processing footprint in the Delaware\nBasin and aligns with WES's philosophy of only deploying capital that sustains\nor grows its distribution. The transaction also met the objectives of\naccretion to per-unit metrics, protecting the Partnership's balance sheet and\ninvestment grade credit ratings, and diversifying its customer base and\nownership.\n\nABOUT WESTERN MIDSTREAM\n\nWestern Midstream Partners, LP (\"WES\") is a master limited partnership formed\nto develop, acquire, own, and operate midstream assets. With midstream assets\nlocated in Texas, New Mexico, Colorado, Utah, and Wyoming, WES is engaged in\nthe business of gathering, compressing, treating, processing, and transporting\nnatural gas; gathering, stabilizing, and transporting condensate, natural-gas\nliquids, and crude oil; and gathering, transporting, recycling, treating, and\ndisposing of produced water for its customers. In its capacity as a\nnatural-gas processor, WES also buys and sells residue, natural-gas liquids,\nand condensate on behalf of itself and its customers under certain gas\nprocessing contracts. A substantial majority of WES's cash flows are protected\nfrom direct exposure to commodity-price volatility through fee-based\ncontracts.\n\nFor more information about WES, please visit www.westernmidstream.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4708697-1&h=191398202&u=http%3A%2F%2Fwww.westernmidstream.com%2F&a=www.westernmidstream.com)\n.\n\nFORWARD-LOOKING STATEMENTS\n\nThis news release contains forward-looking statements. WES's management\nbelieves that its expectations are based on reasonable assumptions. No\nassurance, however, can be given that such expectations will prove correct. A\nnumber of factors could cause actual results to differ materially from the\nprojections, anticipated results, or other expectations expressed in this news\nrelease. These factors include our ability to realize the expected benefits\nfrom the Brazos acquisition; meet financial guidance or distribution\nexpectations; our ability to safely and efficiently operate WES's assets and\nintegrate the Brazos assets into our portfolio; the supply of, demand for, and\nprice of oil, natural gas, NGLs, and related products or services; our ability\nto meet projected in-service dates for capital-growth projects; construction\ncosts or capital expenditures exceeding estimated or budgeted costs or\nexpenditures; and the other factors described in the \"Risk Factors\" section of\nWES's most-recent Form 10-K filed with the Securities and Exchange Commission\nand other public filings and press releases. WES undertakes no obligation to\npublicly update or revise any forward-looking statements, except as required\nby applicable law.\n\nWESTERN MIDSTREAM CONTACTS\nDaniel Jenkins\nDirector, Investor Relations\nInvestors@westernmidstream.com (mailto:Investors@westernmidstream.com)\n866.512.3523\n\nRhianna Disch\nManager, Investor Relations\nInvestors@westernmidstream.com (mailto:Investors@westernmidstream.com)\n866.512.3523\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/western-midstream-announces-closing-of-brazos-delaware-acquisition-302798393.html\n(https://www.prnewswire.com/news-releases/western-midstream-announces-closing-of-brazos-delaware-acquisition-302798393.html)\n\nSOURCE Western Midstream Partners, LP\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS653498/Western_Midstream_Logo.jpg?id=OA2696291\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-06-11T20:05:00.074559275Z","server_sent_at_ms":1781208300074},"received_at":"2026-06-11T20:05:00.135Z","source_url":"https://www.prnewswire.com/news-releases/western-midstream-announces-closing-of-brazos-delaware-acquisition-302798393.html"},"analysis":{"id":"51231","press_release_id":"61802","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":[],"eventType":"m_and_a","narrative":"Western Midstream closed its acquisition of Brazos Delaware II, LLC for approximately $1.6 billion, expanding its gathering and processing footprint in the Delaware Basin.\n\nThe transaction was funded with $800 million in cash and $800 million in WES common units, involving the issuance of approximately 19.4 million new units.\n\nManagement stated the deal meets objectives for accretion to per-unit metrics, protects the partnership’s investment-grade credit ratings, and diversifies the customer base.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"WES closes $1.6B Delaware Basin acquisition; accretive to per-unit metrics and credit profile."},"keyFigures":{"dealValueUsd":1600000000,"sharesOffered":19400000,"customDimensions":{"cash_consideration":800000000,"unit_consideration":800000000}},"quotedText":"The Brazos acquisition expands WES's gathering and processing footprint in the Delaware Basin and aligns with WES's philosophy of only deploying capital that sustains or grows its distribution.","namedEntities":{"people":[{"name":"Daniel Jenkins","role":"Director, Investor Relations"},{"name":"Rhianna Disch","role":"Manager, Investor Relations"}],"products":[],"companies":[{"name":"Western Midstream Partners, LP","ticker":"WES","relationship":"acquirer"},{"name":"Brazos Delaware II, LLC","relationship":"target"}],"dollarAmounts":[{"amount":"$1.6 billion","context":"total transaction consideration"},{"amount":"$800 million","context":"cash portion of consideration"},{"amount":"$800 million","context":"WES common units portion of consideration"}]},"materialImpact":{"score":4,"reasoning":"Closing of a $1.6 billion acquisition expands the Delaware Basin footprint. The deal is accretive to per-unit metrics and protects investment-grade credit ratings, representing a significant strategic milestone for the midstream operator."},"tickerRelevance":{"others":[],"primary":"WES"},"globalImportance":45,"audienceRelevance":35,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"m_and_a_closing","sectorWeight":"energy_midstream","householdBrandBoost":false,"marketCapAdjustment":"neutral"}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"Western Midstream closed its acquisition of Brazos Delaware II, LLC for approximately $1.6 billion, expanding its gathering and processing footprint in the Delaware Basin.\n\nThe transaction was funded with $800 million in cash and $800 million in WES common units, involving the issuance of approximately 19.4 million new units.\n\nManagement stated the deal meets objectives for accretion to per-unit metrics, protects the partnership’s investment-grade credit ratings, and diversifies the customer base.","key_figures":{"dealValueUsd":1600000000,"sharesOffered":19400000,"customDimensions":{"cash_consideration":800000000,"unit_consideration":800000000}},"named_entities":{"people":[{"name":"Daniel Jenkins","role":"Director, Investor Relations"},{"name":"Rhianna Disch","role":"Manager, Investor Relations"}],"products":[],"companies":[{"name":"Western Midstream Partners, LP","ticker":"WES","relationship":"acquirer"},{"name":"Brazos Delaware II, LLC","relationship":"target"}],"dollarAmounts":[{"amount":"$1.6 billion","context":"total transaction consideration"},{"amount":"$800 million","context":"cash portion of consideration"},{"amount":"$800 million","context":"WES common units portion of consideration"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-11T20:06:13.322Z","global_importance":45,"audience_relevance":35,"importance_components":{"tickerTier":"mid-cap","eventGravity":"m_and_a_closing","sectorWeight":"energy_midstream","householdBrandBoost":false,"marketCapAdjustment":"neutral"}},"durationMs":73180,"modelName":"george-droid-qwen-72b"}}