Aris Water Solutions completes merger with Western Midstream Partners, delists from NYSE

Aris Water Solutions, Inc. (NYSE:ARIS) has completed its merger with Western Midstream Partners, LP (NYSE:WES), resulting in Aris Water Solutions and its subsidiary becoming wholly owned subsidiaries of Western Midstream, according to a press release statement based on a Form 8-K filing with the Securities and Exchange Commission. Prior to the merger, InvestingPro data showed ARIS maintained strong financials with a market capitalization of $1.4 billion and impressive revenue growth of 16.4% in the last twelve months.

The transaction, finalized Wednesday, followed an agreement and plan of merger entered on August 6, 2025. As part of the merger, holders of Aris Water Solutions’ Class A and Class B common stock and units of its operating company received consideration in the form of either a mix of Western Midstream common units and cash, all cash, or all Western Midstream common units, depending on their election. The cash consideration was subject to proration, with a maximum aggregate cash payout of $415 million. The merger agreement also detailed the treatment of outstanding equity awards.

Following completion of the merger, Aris Water Solutions notified the New York Stock Exchange that its Class A common stock would be delisted. Trading of Aris Water Solutions shares ceased prior to the market opening Wednesday, and the company’s shares are no longer listed on the NYSE. The surviving corporation intends to file with the SEC to suspend its reporting obligations and terminate the registration of its common stock.

In connection with the merger, Aris Water Solutions terminated its outstanding credit agreement and paid all obligations in full. The company also terminated its tax receivable agreement, making aggregate payments of $80 million in cash to holders as part of the arrangement.

A special meeting of Aris Water Solutions stockholders was held Tuesday, with approximately 75.9% of outstanding shares represented. The merger agreement was approved by 44,810,579 votes in favor, 88,098 against, and 30,393 abstentions.

As a result of the merger, all members of Aris Water Solutions’ board of directors and officers ceased their roles, with new directors and officers appointed as specified in the merger agreement.

This information is based on a press release statement contained in the company’s SEC filing.

In other recent news, Aris Mining Corporation reported a significant 25% increase in gold production for the third quarter of 2025, producing 73,236 ounces. This brings the company’s total production for the year to 186,651 ounces, keeping it on track to meet its annual guidance of 230,000 to 275,000 ounces. Additionally, Aris Mining completed the sale of its Juby Gold Project in Ontario to McFarlane Lake Mining Limited for $22 million, consisting of $13.2 million in cash and shares representing 19.9% of McFarlane’s share capital. In a separate development, all 23 workers trapped in a shaft collapse at La Reliquia Mine in Colombia, including five Aris Mining employees, were successfully rescued. Meanwhile, Western Midstream Partners and Aris Water Solutions announced preliminary results of merger consideration elections. Aris Water Solutions’ securityholders predominantly opted for the cash option in the merger, with approximately 34.1 million shares electing to receive $25.00 per share in cash. The merger process continues as planned, with other options including an all-stock option and a mixed consideration option. These recent developments highlight key movements and strategic decisions within both companies.

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