Truist initiates coverage of Western Midstream Partners stock

Published on 10/01/2026 at 22:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Truist set a USD 55.00 target on September 17, 2026. Revenue hit USD 1.2 billion in second-quarter 2026, up 30.00 percent year over year.

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Truist Securities initiated coverage of Western Midstream Partners stock with a Buy rating and a USD 55.00 price target on September 17, 2026, according to Investing.com. The call follows a second-quarter operating update that gives the coverage a measurable earnings backdrop.

Coverage follows earnings growth

Western Midstream reported second-quarter 2026 revenue of USD 1.2 billion, compared with USD 1.1 billion expected by analysts, while diluted earnings per unit reached USD 0.99 versus a USD 0.88 estimate, according to Nasdaq. The revenue result also represented 30.00 percent year-over-year growth in the second quarter of 2026, based on the same report.

Net income attributable to limited partners totaled USD 394.9 million in the second quarter of 2026. Adjusted EBITDA reached USD 736.5 million, distributable cash flow was USD 537.2 million, and operating cash flow was USD 534.7 million, Nasdaq reported on September 18, 2026.

Guidance puts cash generation first

Western Midstream raised its 2026 adjusted EBITDA guidance to USD 2.75 billion-USD 2.95 billion, with the USD 2.85 billion midpoint USD 250.0 million above the original outlook, according to Yahoo Finance on September 4, 2026. The partnership also guided to USD 2.05 billion-USD 2.25 billion of distributable cash flow and USD 1.1 billion-USD 1.3 billion of free cash flow for 2026.

The operating mix explains why the analyst case emphasizes infrastructure utilization rather than a single commodity price. Western Midstream gathers, processes, transports and stores natural gas, crude oil, natural gas liquids and produced water across U.S. producing regions, according to the company's investor-relations page.

Market value and listing

Western Midstream had a market capitalization of USD 18.4 billion as of October 1, 2026. Its 52-week range was USD 36.90 to USD 50.07, placing the current equity value between the period's low and high and keeping the analyst target as a separate valuation reference.