Western Midstream Operating, LP 8-K

What Happened
Western Midstream Operating, LP (via its general partner owner Western Midstream Partners, LP or “WES”) announced the closing of the previously disclosed acquisition of Brazos Delaware II, LLC. The transaction closed on June 11, 2026 under a Membership Interest Purchase Agreement dated May 6, 2026. Following closing, Brazos Delaware is an indirect wholly owned subsidiary of the Partnership. WES issued a press release on June 11, 2026 announcing the closing (filed as Exhibit 99.1).

Key Details

• Purchase price: approximately $1.6 billion, subject to customary purchase price adjustments.
• Consideration: ~ $800 million in cash plus 19,389,239 WES common units (the units represented about $800 million based on the 20‑day weighted average WES unit price at signing).
• Parties: Purchaser — B-2 Holdings LLC (a WES subsidiary); Seller — Brazos Permian II, LLC.
• Agreement date and prior disclosure: Purchase Agreement dated May 6, 2026; initial entry into the agreement was previously reported in the Partnership’s Form 10-Q filed May 6, 2026.

Why It Matters
The transaction brings Brazos Delaware II into the Partnership’s consolidated ownership and was funded with a mix of cash and newly issued WES common units. For investors, the deal is material because it represents a sizable ~$1.6B addition to the Partnership’s assets and involved issuing nearly 19.4 million WES units (which affects unit count and ownership). The filing and press release provide the official terms and confirm the closing; any further financial impacts (e.g., on distributions, leverage or future results) would be addressed in subsequent disclosures.