Keith Stanley

Jeremy Tonet

Ned Baramov

Spiro Dounis

Sumantra Banerjee

Zackery Van Everen

Daniel Boyd

Daniel Jones

Daniel Kutz

Eli Jossen

Elvira Scotto

Gabriel Moreen

Jeanine Wai

Manav Gupta

Michael Blum

Wade Suki

Zack Van Everen

- Western Midstream Partners, LP (WES) **completed its acquisition of Aris Water Solutions, Inc. on October 15, 2025**, solidifying its position as a major three-stream midstream and integrated water solutions provider in the Delaware Basin.  **[1423902_0001423902-25-000097_exhibit991arisclosingpr.htm:0]** **[1423902_0001423902-25-000097_wes-20251015.htm:1]** 
- The merger consideration for Aris securityholders was approximately **28% cash** and **72% WES Common Units**.  **[1423902_0001423902-25-000097_exhibit991arisclosingpr.htm:0]** 
- This involved a total payment of **$415.0 million in cash** and the issuance of approximately **26.6 million Common Units** to Aris securityholders.  **[1423902_0001423902-25-000097_exhibit991arisclosingpr.htm:0]** **[1423902_0001423902-25-000097_wes-20251015.htm:2]** 
- Aris Water Solutions' **7.250% Senior Notes due 2030 will remain outstanding** and their indenture will be assumed by Western Midstream Operating, LP.  **[1423902_0001423902-25-000097_wes-20251015.htm:5]**

Western Midstream Partners Completes Acquisition of Aris Water Solutions

- Western Midstream Partners (WES) **completed its acquisition of Aris Water Solutions, Inc.** on **October 15, 2025**.  **[1423902_20251015DA98311:0]** 
- The acquisition solidifies WES's position as one of the **largest three-stream midstream, flow-assurance providers in the Delaware Basin**.  **[1423902_20251015DA98311:0]** 
- Aris securityholders received total consideration of approximately **$415.0 million in cash** and approximately **26.6 million Common Units**, representing **28% cash** and **72% Common Units** of the merger consideration.  **[1423902_20251015DA98311:0]**

Western Midstream Completes Acquisition of Aris Water Solutions

- Western Midstream Partners (WES) and Aris Water Solutions (Aris) announced the **preliminary results** of the merger consideration elections for WES's pending acquisition of Aris, with the election deadline on **October 7, 2025**.  **[1423902_20251008DA92985:0]** 
- Aris securityholders had options to elect **0.625 WES Common Units**, a **mixed consideration of $7.00 in cash and 0.450 WES Common Units**, or **$25.00 in cash** (subject to proration).  **[1423902_20251008DA92985:0]** 
- Based on these preliminary results, an estimated **26.6 million WES Common Units** will be issued and **$415.0 million in cash** will be paid, which equals the maximum total cash consideration.  **[1423902_20251008DA92985:0]** 
- Consequently, Aris securityholders who elected the **Cash Election Consideration will receive a prorated amount of cash and WES Common Units**.  **[1423902_20251008DA92985:0]**

Western Midstream and Aris Water Solutions Announce Preliminary Merger Election Results

- Aris Water Solutions securityholders have until **5:00 p.m., New York time, on October 7, 2025**, to elect their form of merger consideration for the pending acquisition by Western Midstream Partners.  **[1423902_0c80edd1e9ad4326b304e62ad92a989f_0]** 
- Securityholders can elect to receive **0.625 common units** of WES, a combination of **$7.00 in cash and 0.450 WES common units**, or **$25.00 in cash** (subject to proration for the cash election).  **[1423902_0c80edd1e9ad4326b304e62ad92a989f_1]**  Those who do not make an election will be deemed to have chosen the common unit election consideration.  **[1423902_0c80edd1e9ad4326b304e62ad92a989f_1]** 
- The transaction is expected to close on **October 15, 2025**, pending approval from Aris stockholders and other customary closing conditions.  **[1423902_0c80edd1e9ad4326b304e62ad92a989f_0]** 
- The waiting period under the Hart-Scott-Rodino Act expired on **September 26, 2025**, fulfilling an important condition for the transaction's completion.  **[1423902_0c80edd1e9ad4326b304e62ad92a989f_1]**

Western Midstream and Aris Water Solutions Announce Merger Election Deadline and HSR Act Expiration

- Western Midstream Partners (WES) and Aris Water Solutions (ARIS) have set the **election deadline** for Aris securityholders to choose their merger consideration as **5:00 p.m., New York time, on October 7, 2025**, with the transaction expected to close on **October 15, 2025**.  **[1423902_20250929DA85003:0]** 
- Aris securityholders can elect to receive **0.625 WES Common Units**, a combination of **$7.00 in cash and 0.450 WES Common Units**, or **$25.00 in cash** (subject to proration to ensure total cash consideration does not exceed **$415.0 million**).  **[1423902_20250929DA85003:0]** 
- The **Hart-Scott-Rodino waiting period expired on September 26, 2025**, satisfying a significant condition for the completion of the acquisition.  **[1423902_20250929DA85003:1]**

Western Midstream and Aris Water Solutions Announce Merger Election Deadline and HSR Expiration

- Wesfarmers reported a **14.4%** increase in net profit to **A$2.93 billion** for the 2025 fiscal year, with revenue rising **3.4%** to **A$45.7 billion**.  **[1423902_b7282b3d6dd4402b956c87ee50de100d]** 
- The company declared a final dividend of **A$1.11 per share**, bringing the full-year payout to **A$2.06 per share**, a **4%** increase.  **[1423902_b7282b3d6dd4402b956c87ee50de100d]** 
- A special distribution of **A$1.50 per share** was announced, potentially bringing total shareholder returns to approximately **A$1.7 billion**, subject to shareholder approval.  **[1423902_b7282b3d6dd4402b956c87ee50de100d]** 
- Profit growth was primarily driven by strong performance in its retail divisions, Bunnings and Kmart, despite challenges in its chemicals, energy, and fertiliser units.  **[1423902_b7282b3d6dd4402b956c87ee50de100d]** 
- Wesfarmers expects fiscal year 2026 to be transitional due to the ramp-up of its lithium project and announced a leadership change with Ken MacKenzie set to succeed Michael Chaney as chairman next year.  **[1423902_b7282b3d6dd4402b956c87ee50de100d]**