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EX - 99.1 2 wes2021q18 - kxerxex991.htm EX - 99.1 Western Midstream EXHIBIT 99.1 NEWS RELEASE WESTERN MIDSTREAM ANNOUNCES FIRST - QUARTER 2021 RESULTS HOUSTON— ( PRNEWSWIRE ) —May 10 , 2021 – Today Western Midstream Partners , LP ( NYSE : WES ) ( " WES " or the “ Partnership ” ) announced first - quarter 2021 financial and operating results . Net income ( loss ) available to limited partners for the first quarter of 2021 totaled $ 181.8 million , or $ 0.44 per common unit ( diluted ) , with first- quarter 2021 Adjusted EBITDA ( ¹ ) totaling $ 443.1 million , first - quarter 2021 Cash flows provided by operating activities totaling $ 261.6 million , and first - quarter 2021 Free cash flow ( ¹ ) totaling $ 213.8 million . RECENT HIGHLIGHTS • • • Awarded first place in the division - one category by the GPA Midstream Association for outstanding safety performance in 2020 Repaid the 5.375 % Senior Notes due 2021 at par value , for total consideration of $ 431 million Repurchased 1,115,808 common units for aggregate consideration of approximately $ 16.2 million during the first quarter as part of the recently announced buyback program of up to $ 250 million of the Partnership's common units through December 31 , 2021 ( 1 ) Please see the definitions of the Partnership's non - GAAP measures at the end of this release and reconciliation of GAAP to non - GAAP measures .