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EX - 99.1 2 wes2020q28 - kxerxex991.htm EX - 99.1 Western Midstream EXHIBIT 99.1 NEWS RELEASE WESTERN MIDSTREAM ANNOUNCES SECOND - QUARTER 2020 RESULTS ANNOUNCES REVISED 2020 GUIDANCE HOUSTON ( PRNEWSWIRE ) -August 10 , 2020 - Today Western Midstream Partners , LP ( NYSE : WES ) ( " WES " or the " Partnership ” ) announced second - quarter 2020 financial and operating results . Net income ( loss ) available to limited partners for the second quarter of 2020 totaled $ 267.6 million , or $ 0.60 per common unit ( diluted ) , with second - quarter 2020 Adjusted EBITDA ( ¹ ) totaling $ 514.4 million , second - quarter 2020 Cash flows from operating activities totaling $ 345.7 million , and second - quarter 2020 Free cash flow ( 1 ) totaling $ 208.6 million . SECOND - QUARTER HIGHLIGHTS • . • Gathered record Delaware Basin produced - water throughput of 773 MBbls / d , representing an 8 - percent sequential - quarter increase Achieved record Delaware oil throughput of 202 MBbls / d , representing a 5 - percent sequential - quarter increase Executed open - market repurchases for $ 64.5 million of Senior Notes due 2021 , 2022 , and 2023 for an aggregate repurchase price of $ 63 million ( 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 .