Security
Western Midstream Partners, LP · WES
WESNYSECommon stockCurrentCIK 1423902Updated Oct 30, 2026
Name history
Western Gas Equity Partners, LP · through Feb 20, 2019WGR Holdings LLC · through Oct 18, 2012
WES price & chart
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NYSE:WES on TradingView ↗About the company
Western Midstream Partners, LP (“WES”) is a master limited partnership formed to develop, acquire, own, and operate midstream assets. With midstream assets located in Texas, New Mexico, Colorado, Utah, and Wyoming, WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural-gas liquids, and crude oil; and gathering, transporting, recycling, treating, and disposing of produced water for its customers. In its capacity as a natural-gas processor, WES also buys and sells residue, natural-gas liquids, and condensate on behalf of itself and its customers under certain gas processing contracts. A substantial majority of WES’s cash flows are protected from direct exposure to commodity price volatility through fee-based contracts.
In the news
SOLITUDE PIPELINE SYSTEM REACHES FINAL INVESTMENT DECISION TO TRANSPORT GAS FROM THE PERMIAN BASIN TO THE GULF COAST ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
SCHEDULE 13G/A - filed by ALPS ADVISORS INC regarding Western Midstream Partners, LP
SD filing
EFFECT filing
Show 5 more recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
S-3 filing
SCHEDULE 13G/A - filed by ALPS ADVISORS INC regarding Western Midstream Partners, LP
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Other Events
Items 1.01, 2.03, 8.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q3 2023 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 12,125,352,000Source | 12,981,224,000Source | 11,626,554,000Source | 12,159,529,000Source | 12,180,501,000Source | 14,924,502,000Source | 12,456,877,000Source | 12,265,470,000Source | 14,998,420,000Source | 13,144,785,000Source | 12,471,607,000Source | 11,271,628,000Source |
| Property, Plant and Equipment, NetUSD | 9,726,347,000Source | 9,695,591,000Source | 8,664,402,000Source | 9,740,204,000Source | 9,644,413,000Source | 11,294,693,000Source | 9,727,094,000Source | 9,725,292,000Source | 11,220,908,000Source | 9,714,609,000Source | 9,655,016,000Source | 8,541,600,000Source |
| GoodwillUSD | 4,783,000Source | 4,783,000Source | 4,783,000Source | 4,783,000Source | 4,783,000Source | 347,643,000Source | 4,783,000Source | 4,783,000Source | 353,257,000Source | 4,783,000Source | 4,783,000Source | 4,783,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 625,990,000Source | 657,657,000Source | 689,324,000Source | 633,907,000Source | 665,574,000Source | 901,905,000Source | 641,824,000Source | 673,491,000Source | 913,758,000Source | 649,740,000Source | 681,408,000Source | 713,075,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 177,288,000Source | 1,124,737,000Source | 489,494,000Source | 129,732,000Source | 344,119,000Source | 647,495,000Source | 448,447,000Source | 295,246,000Source | 819,491,000Source | 1,090,464,000Source | 272,787,000Source | 286,656,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 682,342,000Source | 670,613,000Source | 614,493,000Source | 704,408,000Source | 684,005,000Source | 812,799,000Source | 672,604,000Source | 720,169,000Source | 759,183,000Source | 701,225,000Source | 665,892,000Source | 548,859,000Source |
| Assets, CurrentUSD | 917,051,000Source | 1,832,688,000Source | 1,135,806,000Source | 905,007,000Source | 1,068,290,000Source | 1,539,407,000Source | 1,189,894,000Source | 1,066,347,000Source | 1,656,941,000Source | 1,847,190,000Source | 992,410,000Source | 900,425,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | — | — | — | — | — | — | 187,916,000Source | 219,500,000Source | 84,279,000Source | 67,087,000Source |
| Other Assets, NoncurrentUSD | 340,553,000Source | 255,333,000Source | 217,163,000Source | 352,096,000Source | 256,902,000Source | 345,103,000Source | 365,756,000Source | 249,479,000Source | 348,697,000Source | 387,028,000Source | 233,455,000Source | 167,049,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 8,796,716,000Source | 9,603,707,000Source | 8,671,462,000Source | 8,826,092,000Source | 8,756,492,000Source | 11,417,512,000Source | 9,123,306,000Source | 8,889,179,000Source | 10,835,298,000Source | 9,769,615,000Source | 9,442,477,000Source | 8,163,513,000Source |
| Liabilities and EquityUSD | 12,125,352,000Source | 12,981,224,000Source | 11,626,554,000Source | 12,159,529,000Source | 12,180,501,000Source | 14,924,502,000Source | 12,456,877,000Source | 12,265,470,000Source | 14,998,420,000Source | 13,144,785,000Source | 12,471,607,000Source | 11,271,628,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 640,472,000Source | 1,646,195,000Source | 635,900,000Source | 694,799,000Source | 634,120,000Source | 1,407,157,000Source | 1,010,929,000Source | 708,139,000Source | 1,236,484,000Source | 1,691,694,000Source | 1,304,056,000Source | 903,857,000Source |
| Operating Lease, Liability, CurrentUSD | 62,627,000Source | — | — | 61,323,000Source | — | 67,675,000Source | 59,351,000Source | — | 65,295,000Source | 58,897,000Source | 11,259,000Source | 10,342,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | — | — | — | — | — | — | 110,126,000Source | 143,801,000Source | 48,459,000Source | 33,318,000Source |
| Deferred Income Tax Liabilities, NetUSD | 31,915,000Source | 29,646,000Source | 15,378,000Source | 31,691,000Source | 15,727,000Source | 111,898,000Source | 31,392,000Source | 15,698,000Source | 111,277,000Source | 29,679,000Source | 15,468,000Source | 14,424,000Source |
| Other Liabilities, NoncurrentUSD | 810,209,000Source | 624,008,000Source | 452,188,000Source | 790,270,000Source | 597,052,000Source | 1,261,134,000Source | 777,063,000Source | 526,508,000Source | 864,509,000Source | 751,400,000Source | 480,212,000Source | 385,629,000Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 279,346,000Source | 203,721,000Source | 189,983,000Source | 289,110,000Source | 226,057,000Source | 497,958,000Source | 257,038,000Source | 173,721,000Source | 408,375,000Source | 329,398,000Source | 262,572,000Source | 254,640,000Source |
| Partners' CapitalUSD | 3,182,172,000Source | 3,236,827,000Source | 2,823,636,000Source | 3,188,962,000Source | 3,283,225,000Source | 3,365,791,000Source | 3,193,410,000Source | 3,236,875,000Source | 4,021,230,000Source | 3,235,605,000Source | 2,897,424,000Source | 2,971,709,000Source |
| Partners' Capital, Including Portion Attributable to Noncontrolling InterestUSD | 3,328,636,000Source | 3,377,517,000Source | 2,955,092,000Source | 3,333,437,000Source | 3,424,009,000Source | 3,506,990,000Source | 3,333,571,000Source | 3,376,291,000Source | 4,163,122,000Source | 3,375,170,000Source | 3,029,130,000Source | 3,108,115,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 348,872,000Source | 295,892,000Source | 350,762,000Source | 387,564,000Source | 359,032,000Source | 316,552,000Source | 1,212,455,000Source | 1,611,252,000Source | 1,048,007,000Source | 1,251,456,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 170,323,000Source | 166,015,000Source | 172,113,000Source | 163,432,000Source | 200,426,000Source | 170,460,000Source | 710,778,000Source | 650,428,000Source | 600,668,000Source | 582,365,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 10,854,000Source | 8,248,000Source | 50,803,000Source | 37,994,000Source | 32,005,000Source | 27,783,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 50,226,000Source | -28,634,000Source | -36,018,000Source | 42,798,000Source | 78,346,000Source | 116,296,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 621,000Source | 1,713,000Source | 3,944,000Source | 14,211,000Source | 1,044,000Source | 1,999,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 469,903,000Source | 530,793,000Source | 2,222,625,000Source | 2,136,860,000Source | 1,661,334,000Source | 1,701,426,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -234,877,000Source | -140,790,000Source | -1,085,206,000Source | -39,168,000Source | -1,607,291,000Source | -218,237,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | 7,272,000Source | 9,414,000Source | 20,130,000Source | 18,284,000Source | 32,329,000Source | 9,468,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 134,602,000Source | 487,590,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -407,022,000Source | -1,032,020,000Source | -1,408,392,000Source | -1,280,015,000Source | -67,912,000Source | -1,398,532,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | -31,227,000Source | -20,131,000Source | -41,465,000Source | -33,381,000Source | -18,626,000Source | -13,644,000Source |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | 0Source | 663,831,000Source | 1,080,589,000Source | 143,852,000Source | 1,967,928,000Source | 1,518,548,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -171,996,000Source | -642,017,000Source | -270,973,000Source | 817,677,000Source | -13,869,000Source | 84,657,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 177,288,000Source | 1,124,737,000Source | 129,732,000Source | 344,119,000Source | 647,495,000Source | 448,447,000Source | 819,491,000Source | 1,090,464,000Source | 272,787,000Source | 286,656,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 124,776,000Source | 119,905,000Source | 380,978,000Source | 360,847,000Source | 326,948,000Source | 355,363,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 3,449,000Source | 0Source | 3,107,000Source | 2,225,000Source | 4,131,000Source | 912,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | — | 50,800,000Source | — | — | — |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 34,800,000Source | 31,700,000Source | 31,700,000Source | 31,700,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | — | — | — | — | — | — | 21,524,000Source | 19,432,000Source | 15,040,000Source | 14,474,000Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | — | — | — | — | — | — | — | — | — | — | — | 19,883,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | 0Source | 0Source | 4,879,000Source | — | 0Source | 0Source | 5,403,000Source | 15,378,000Source | 91,000Source |
| General and Administrative ExpenseUSD | — | — | 64,119,000Source | 64,726,000Source | 66,146,000Source | 62,933,000Source | 75,150,000Source | 66,786,000Source | 398,922,000Source | 271,526,000Source | 232,632,000Source | 194,017,000Source |
| GoodwillUSD | — | — | 4,783,000Source | 4,783,000Source | 4,783,000Source | 4,783,000Source | 347,643,000Source | 4,783,000Source | 353,257,000Source | 4,783,000Source | 4,783,000Source | 4,783,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | — | — | 0Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | — | — | — | — | — | — | — | 0Source | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 16,847,000Source | 23,977,000Source | 27,128,000Source | 27,431,000Source | 14,776,000Source | 20,435,000Source | 85,788,000Source | 112,385,000Source | 152,959,000Source | 183,483,000Source |
| Income Tax Expense (Benefit)USD | — | — | 2,089,000Source | 15,390,000Source | 2,239,000Source | 755,000Source | 3,501,000Source | 3,435,000Source | 15,086,000Source | 18,111,000Source | 4,385,000Source | 4,187,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 339,615,000Source | 288,480,000Source | 341,680,000Source | 378,648,000Source | 350,276,000Source | 309,007,000Source | 1,180,983,000Source | 1,573,571,000Source | 1,022,216,000Source | 1,217,103,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 9,257,000Source | 7,412,000Source | 9,082,000Source | 8,916,000Source | 8,756,000Source | 7,545,000Source | 31,472,000Source | 37,681,000Source | 25,791,000Source | 34,353,000Source |
| Operating Costs and ExpensesUSD | — | — | 212,385,000Source | 231,066,000Source | 224,629,000Source | 223,319,000Source | 264,241,000Source | 226,514,000Source | 915,896,000Source | 880,568,000Source | 762,530,000Source | 654,566,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 1,754,000Source | 9,565,000Source | 3,692,000Source | 4,213,000Source | 6,730,000Source | 7,477,000Source | 16,629,000Source | 31,741,000Source | 5,679,000Source | 1,603,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | -132,000Source | 0Source | 1,184,288,000Source | 789,044,000Source | 2,448,733,000Source | 1,389,010,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 952,301,000Source | 883,107,000Source | 942,141,000Source | 905,362,000Source | 1,121,685,000Source | 916,918,000Source | 3,841,599,000Source | 3,604,138,000Source | 3,105,508,000Source | 3,250,768,000Source |
| Operating Income (Loss)USD | — | — | 441,560,000Source | 395,866,000Source | 444,479,000Source | 469,749,000Source | 469,193,000Source | 409,803,000Source | 1,601,402,000Source | 1,970,732,000Source | 1,379,563,000Source | 1,587,888,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 1,754,000Source | 9,565,000Source | 3,692,000Source | 4,213,000Source | 6,730,000Source | 7,477,000Source | 16,629,000Source | 31,741,000Source | 5,679,000Source | 1,603,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 350,961,000Source | 311,282,000Source | 353,001,000Source | 388,319,000Source | 362,533,000Source | 319,987,000Source | 1,227,541,000Source | 1,629,363,000Source | 1,052,392,000Source | 1,255,643,000Source |
| Income Tax Expense (Benefit)USD | — | — | 2,089,000Source | 15,390,000Source | 2,239,000Source | 755,000Source | 3,501,000Source | 3,435,000Source | 15,086,000Source | 18,111,000Source | 4,385,000Source | 4,187,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 9,257,000Source | 7,412,000Source | 9,082,000Source | 8,916,000Source | 8,756,000Source | 7,545,000Source | 31,472,000Source | 37,681,000Source | 25,791,000Source | 34,353,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 339,615,000Source | 288,480,000Source | 341,680,000Source | 378,648,000Source | 350,276,000Source | 309,007,000Source | 1,180,983,000Source | 1,573,571,000Source | 1,022,216,000Source | 1,217,103,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 34,800,000Source | 31,700,000Source | 31,700,000Source | 31,700,000Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | — | — | 51,187,000Source | 32,847,000Source | 42,681,000Source | 54,010,000Source | 102,884,000Source | 41,492,000Source | 206,978,000Source | 172,251,000Source | 164,598,000Source | 420,900,000Source |
| Costs and ExpensesUSD | — | — | 525,301,000Source | 511,940,000Source | 524,060,000Source | 522,653,000Source | 662,795,000Source | 523,081,000Source | 2,316,676,000Source | 2,043,647,000Source | 1,869,770,000Source | 1,950,992,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 11,142,000Source | — | — | — |
| General and Administrative ExpenseUSD | — | — | 64,119,000Source | 64,726,000Source | 66,146,000Source | 62,933,000Source | 75,150,000Source | 66,786,000Source | 398,922,000Source | 271,526,000Source | 232,632,000Source | 194,017,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | — | — | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 16,847,000Source | 23,977,000Source | 27,128,000Source | 27,431,000Source | 14,776,000Source | 20,435,000Source | 85,788,000Source | 112,385,000Source | 152,959,000Source | 183,483,000Source |
| Interest ExpenseUSD | — | — | 92,353,000Source | 94,149,000Source | 95,170,000Source | 90,522,000Source | 113,390,000Source | 97,293,000Source | 390,490,000Source | 378,513,000Source | 348,228,000Source | 333,939,000Source |
| Interest Expense, DebtUSD | — | — | — | 93,555,000Source | — | 88,850,000Source | — | — | — | 377,850,000Source | 348,393,000Source | 326,949,000Source |
| Operating Costs and ExpensesUSD | — | — | 212,385,000Source | 231,066,000Source | 224,629,000Source | 223,319,000Source | 264,241,000Source | 226,514,000Source | 915,896,000Source | 880,568,000Source | 762,530,000Source | 654,566,000Source |
| Revenue Not from Contract with Customer, OtherUSD | — | — | 183,000Source | 255,000Source | 181,000Source | 267,000Source | 1,894,000Source | 198,000Source | 1,804,000Source | 1,085,000Source | 968,000Source | 953,000Source |
| Taxes, MiscellaneousUSD | — | — | 15,725,000Source | 12,635,000Source | 17,805,000Source | 17,429,000Source | 19,486,000Source | 17,826,000Source | 69,342,000Source | 62,668,000Source | 56,458,000Source | 78,559,000Source |
Offerings
Registration 333-297750
Registration 333-296931
Registration 333-296931-01
Registration 333-289924
Filing attachments
wesop20268-kxjunedebtxex41.htm · 8-K · 2026-06-25
EX-4.1 3 wesop20268-kxjunedebtxex41.htm EX-4.1 Document EXHIBIT 4.1 WESTERN MIDSTREAM OPERATING, LP, as Issuer $700,000,000 5.700% SENIOR NOTES DUE 2036 SIXTEENTH SUPPLEMENTAL INDENTURE Dated as of June 25, 2026 COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee TABLE OF CONTENTS Page ARTICLE I. …
Read attachment ↗wes202510k-ex107.htm · 10-K · 2026-02-18
WESTERN MIDSTREAM PARTNERS, LPEXECUTIVE CHANGE IN CONTROL SEVERANCE PLAN(Amended and Restated as of February 12, 2026) Establishment of Plan Western Midstream Partners, LP, a Delaware master limited partnership (the “Company”) originally adopted this plan known as the “Executive Change in Control Severance Plan” (the “Plan”) effective August 5, 2021 (“Effective Date”). Thereafter, the Plan was amended and restated as of November 1, 2022, and the Plan is hereby amended and restated, as set fort…
Read attachment ↗wes20268-kxjanuaryxex991.htm · 8-K · 2026-01-22
EXHIBIT 99.1 WESTERN MIDSTREAM ANNOUNCES DELAWARE BASIN NATURAL-GAS CONTRACT AMENDMENTS IN EXCHANGE FOR COMMON UNITS AND ANNOUNCES INTERVIEW WITH CEO, OSCAR BROWN, AND CFO, KRISTEN SHULTS, DISCUSSING THESE TRANSACTIONS HOUSTON - (PR NEWSWIRE) - January 20, 2026 - Western Midstream Partners, LP (NYSE: WES) (“WES”) announced today that it has renegotiated natural-gas gathering and processing contracts in the Delaware Basin with a subsidiary of Occidental Petroleum Corporation (“Occidental”), re…
Read attachment ↗wesop20258-kxdecdebtxex41.htm · 8-K · 2025-12-04
EX-4.1 3 wesop20258-kxdecdebtxex41.htm EX-4.1 Document Exhibit 4.1 WESTERN MIDSTREAM OPERATING, LP, as Issuer $600,000,000 4.800% SENIOR NOTES DUE 2031 $600,000,000 5.500% SENIOR NOTES DUE 2035 FIFTEENTH SUPPLEMENTAL INDENTURE Dated as of December 4, 2025 COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee TABLE OF CONTENTS Page ARTI…
Read attachment ↗d79146dex991.htm · S-4 · 2025-08-28
EX-99.1 7 d79146dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Consent of Citigroup Global Markets Inc. The Board of Directors Aris Water Solutions, Inc. 9811 Katy Freeway, Suite 400 Houston, Texas 77024 The Board of Directors: We hereby consent to the inclusion of our opinion letter, dated August 6, 2025, to the Board of Directors of Aris Water Solutions, Inc. (“Aris”) as Annex D to, and reference to such opinion letter under the headings “Summary - Opinion of Aris’s Financial Advisor” and…
Read attachment ↗d79146dex992.htm · S-4 · 2025-08-28
EX-99.2 8 d79146dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 SCAN TO VIEW MATERIALS & VOTE w ARIS WATER SOLUTIONS, INC. C/O BROADRIDGE CORPORATE ISSUER SOLUTIONS VOTE BY INTERNET - www.proxyvote.com or scan the QR Barcode above P.O. BOX 1342 Use the Internet to transmit your voting instructions and for electronic delivery of BRENTWOOD, NY 11717 information up until 10:59 p.m. Central Time on [TBD], 2025. Have your proxy card in hand when you access the website and follow the instructions to obt…
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