Western Midstream Partners LP

WES remains in a Stage 2 advancing phase within a long-term uptrend, supported by a Momentum Breakout pattern signaling new demand. However, price is extended above rising EMAs and in overbought territory, making short-term timing unfavorable. Optimal engagement is to defer entry and stalk pullbacks into the 9/20/21 EMA zone and prior breakout range, while monitoring for potential transition risk into Stage 3 and EMA support failures.

• ↑Q1 adjusted EBITDA $683M (+15% YoY) driven by ARIS integration
• ↑Brazos Delaware II acquisition to contribute ~$100M incremental EBITDA
• ↓Waha gas price weakness could drive customer curtailments and revenue hits