Western Midstream Partners LP

Price remains within a bullish medium- and long-term uptrend but is currently consolidating just below recent highs and pulling back into the 9/20 EMA support zone; execution should be deferred until clear acceptance off these EMAs is visible.

• ↑Q2 revenue $1.22B (+8.3% YoY) and net income $394.9M (+10% YoY).
• ↑Adjusted EBITDA $736.5M (+19% YoY) with distributable cash flow of $537.2M.
• ↓Net margin declined to 29% from 33.9%, indicating margin pressure.