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Western Midstream sees FY23 adjusted EBITDA $2.05B-$2.15B
The Fly

Western Midstream sees FY23 adjusted EBITDA $2.05B-$2.15B

Sees FY23 CapEx $575M-$675M, free cash flow $1125B-$1.22B. "Although our 2023 Adjusted EBITDA outlook is tempered relative to 2022, we expect our profitability to remain strong. Additionally, we are confident in our ability to generate substantial Free cash flow in 2023, even with an expected year-over-year increase in capital expenditures, which predominantly relates to the construction of Mentone Train III," said Mr. Ure. "Looking to the future, producer activity levels should remain strong on the acreage we service in the Delaware Basin, and our remaining capital budget allows us to prepare for increasing throughput growth in 2024. As our capital needs subside upon completing Mentone Train III during the fourth quarter of 2023, we will stay focused on creating even more value for our stakeholders through our capital-return framework."

Published first on TheFly

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