SCHEDULE: Western Midstream Partners LP: Stakeholder Holdings Update

ALPS Advisors and Alerian MLP ETF report significant beneficial ownership of Western Midstream Partners LP common units as of March 31, 2026.

Summary

• ALPS Advisors, Inc. and Alerian MLP ETF have filed a Schedule 13G, indicating their beneficial ownership of Western Midstream Partners LP common units.
• As of March 31, 2026, ALPS Advisors, Inc. beneficially owns 38,637,354 common units, representing 9.82% of the class.
• Alerian MLP ETF beneficially owns 38,126,346 common units, representing 9.68% of the class.
• Both entities share voting and dispositive power over these units.
• ALPS Advisors, Inc. acts as an investment adviser to Alerian MLP ETF and other investment companies, disclaiming beneficial ownership beyond its advisory role.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports ownership stakes and does not provide operational or financial performance updates.

Positives

• Significant holdings by established investment entities like ALPS Advisors and Alerian MLP ETF suggest confidence in Western Midstream Partners LP's underlying assets and business model.
• The reporting entities are registered investment advisers and investment companies, implying a professional and regulated approach to their investments.

Negatives

• The filing does not contain financial performance data or operational updates, making it difficult to assess the company's current health.
• The shared voting and dispositive power structure, with ALPS Advisors acting as an advisor, could introduce complexities in decision-making or alignment.

Risks

• The concentration of ownership by these two entities could potentially influence corporate actions or strategic decisions, although the filing states these shares were not acquired to influence control.
• As an investment adviser, ALPS Advisors' management of the Alerian MLP ETF's holdings could be subject to market fluctuations and investment strategy shifts.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance.

Management Comments

• ALPS Advisors, Inc. disclaims beneficial ownership of the securities beyond its role as investment advisor.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes in publicly traded entities. The reported ownership percentages by ALPS Advisors and Alerian MLP ETF indicate substantial institutional interest in the midstream energy sector, specifically within Western Midstream Partners LP's operational domain.

Stakeholder Impact

• Shareholders: The significant holdings by institutional investors may provide a degree of stability to the stock price, but also indicate concentrated influence.
• Creditors: Stable institutional ownership can be viewed positively by creditors as it suggests a committed investor base.
• Management: The reporting entities' significant stakes may warrant engagement with management regarding strategic decisions.

Next Steps

• Continued monitoring of Western Midstream Partners LP's operational and financial performance.
• Tracking any future changes in beneficial ownership reported by ALPS Advisors, Inc. and Alerian MLP ETF.

Key Dates

Keywords

Western Midstream Partners LP, Schedule 13G, ALPS Advisors, Alerian MLP ETF, Common Units, Limited Partner Interests, Beneficial Ownership, Investment Adviser, SEC Filing