Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2025

The following is the preliminary acquisition-date fair value as of December 31, 2025, for the assets acquired and liabilities assumed in the Aris acquisition. The preliminary fair values are subject to change within the measurement period (up to one year from the acquisition date), pending a final determination of the values assigned to tangible and identifiable intangible assets.


thousands
Assets acquired:
Cash and cash equivalents	$	46,362
Accounts receivable, net	90,917
Other current assets	4,782
Property, plant, and equipment	1,458,361
Goodwill	348,474
Other intangible assets	298,844
Other assets	17,617
Total assets acquired	2,265,357
Liabilities assumed:
Accounts payable and accrued liabilities	9,183
Other current liabilities	153,700
Long-term debt	531,675
Asset retirement obligation	48,076
Other liabilities	95,538
Total liabilities assumed	838,172
Net assets acquired	$	1,427,185

Pro-Forma Information Table

The following table presents the pro forma condensed financial information of the Partnership as if the Aris acquisition had occurred on January 1, 2024:


	Year Ended December 31,

thousands	2025		2024
Revenues and other	$	4,281,744	$	4,082,518
Net income (loss)	1,173,942		1,640,204

The following table presents the pro forma condensed financial information of WES Operating (which is included in the Partnership’s pro forma condensed financial information) as if the Aris acquisition had occurred on January 1, 2024:


	Year Ended December 31,

thousands	2025		2024
Revenues and other	$	4,281,744	$	4,082,518
Net income (loss)	1,177,037		1,641,835

Meritage

Business Combination [Line Items]

Acquisition-Date Fair Value Table

The following is the final acquisition-date fair value for the assets acquired and liabilities assumed in the Meritage acquisition on October 13, 2023.


thousands
Assets acquired:
Cash and cash equivalents	$	38,412
Accounts receivable, net	34,060
Other current assets	1,980
Property, plant, and equipment	926,347
Other assets	6,498
Total assets acquired	1,007,297
Liabilities assumed:
Accounts payable and accrued liabilities	34,733
Other current liabilities	5,451
Asset retirement obligation	22,156
Other liabilities	28,356
Total liabilities assumed	90,696
Net assets acquired	$	916,601

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Western Midstream Partners, LP 10-K