Q2 2020 Western Midstream Partners LP Post-Earnings Interview Transcript
Thanks for joining us today. My name is Kristen Shults, the Vice President of Investor Relations and Communications here at Western Midstream. With me, I have Michael Ure, our Chief Executive Officer and President.
With Q2 earnings behind us, we thought it'd be helpful to investors to walk through a few of the questions we've received thus far.
So with that, I'd like to turn it over to Michael for his thoughts on the second quarter.
Thanks, Kristen. WES delivered an excellent outperforming second quarter. Adjusted EBITDA of $514 million, free cash flow of $209 million and we reduced our leverage down to 4.2x. Additionally, we increased our EBITDA guidance to $1.85 billion to $1.9 billion, a $100 million increase from the previously issued guidance. And we reduced capital guidance to $400 million to $450 million.
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