Western Gas Partners

Western Midstream Partners LP owns, operates, acquires and develops midstream energy assets. It engages in the business of gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil for Anadarko, as well as third-party producers and customers. The company was founded in 2007 and is headquartered in The Woodlands, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Western Midstream achieves record earnings, eyes growth amid operational challenges

Western Midstream Partners delivered strong financial results in 2022, with record net income and adjusted EBITDA.
Despite challenges in Q4 2022, the company remains focused on growth opportunities and returning capital to stakeholders.
Strategic agreements, debt retirement, and unit repurchases showcase commitment to enhancing shareholder value and financial strength.
Continued evaluation of M&A opportunities and focus on operational efficiency position the company for sustained success in the future.

Western Gas Partners (WES) faces operational challenges amidst financial strength

Western Gas Partners (WES) reported increased throughput but a sequential decline in adjusted EBITDA, highlighting operational challenges. Despite this, the company demonstrated financial strength through liquidity enhancements and an enhanced distribution payment. WES aims to capitalize on opportunities by maintaining guidance, assessing processing needs, and focusing on capital return.

Western Gas Partners reports Q2 challenges and opportunities for growth

Q2 2023 showed growth in throughput but a decline in adjusted EBITDA due to higher expenses and operational challenges.
WES focuses on maintaining reliability, customer service, and stable contracts while aiming for balance sheet strength and sustainable growth.
Challenges include slower throughput growth impacting guidance and operational hurdles discussed in the Q&A session.
Opportunities lie in debt reduction, capital-efficient expansions, and a balanced approach to capital return for future growth.

Western Gas Partners excels in Q3, eyes growth in 2024

Western Gas Partners delivered a strong Q3 performance with increased throughput and improved margins, showcasing financial strength through strategic financial moves. Challenges include managing capital allocation amidst growth opportunities. The company is well-positioned for growth in 2024 with a focus on organic projects and acquisition synergies.

Western Gas Partners boosts distributions, eyes growth in key markets

Western Gas Partners' strategic divestments, distribution increases, and focus on operational efficiency position the company for sustained growth. Despite challenges in credit rating maintenance and operational transitions, opportunities in growth markets and cost savings offer avenues for continued success.

Western Gas Partners (WES) reports record Q1 earnings and growth opportunities

Western Gas Partners (WES) excelled in Q1 2024, showcasing record financial performance and operational achievements. The company's strategic focus on optimizing the MLP model, generating free cash flow, and strengthening distribution returns positions it well in the midstream sector. While challenges exist in managing capital expenditures and leverage, WES is poised for growth and profitability.

Western Gas Partners (WES) excels in Q3, eyes growth amid challenges

Western Gas Partners (WES) delivered a strong performance in Q3 2024, with a focus on increasing natural gas throughput, financial strength, and strategic initiatives under new leadership. While facing challenges in moderated growth and regulatory uncertainties, the company remains optimistic about its financial outlook and investment opportunities.

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Western Midstream Partners LP engages in the ownership, operation, acquisition, and development of midstream energy assets. It engages in the business of gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil for Anadarko, as well as third-party producers and customers. The company was founded in 2007 and is headquartered in The Woodlands, TX.

Western Midstream offers a high, tax-deferred yield and strong fundamentals, with potential for increased distributions and enhanced payouts in 2025. WES's affiliation with Occidental Petroleum (OXY) poses risks due to potential conflicts of interest and uncertainty about OXY's intentions to divest its WES stake. Recent developments, including OXY's partial sale of WES units and CEO transitions, have created market uncertainty but also potential investment opportunities.

Western Midstream: The Unbearable Tightness Of Oxy's Embrace - Yet Still Appealing

Western Midstream Partners, LP has a more than 9.2% dividend yield that the company can afford with its FCF. The company is continuing to grow with its capital spending, with double-digit YoY adjusted EBITDA growth. Going forward, we expect the company to continue generating strong shareholder returns, making WES stock a valuable investment.

Western Midstream Partners: A Great, Almost Double-Digit Yield

Western Midstream Partners continues to hit throughput records in the Delaware basin, but slower growth is expected going forward. With the moderation in growth, I am slightly reducing my projections for EBITDA and distributions next year. WES' 9.2% forward distribution yield remains sustainable and could grow to 10% by 2027.

Western Midstream: 9% Yield Looks Solid Despite Moderating Growth

MPLX

MPLX LP and Western Midstream are top MLPs in the Alerian MLP ETF, accounting for over 25% of AMLP's assets under management. Both MPLX and WES offer the highest distribution yields in the MLP sector, with MPLX at 8.14% and WES at 9.16%. I am bullish on both due to their high yields, strong balance sheets, and low valuations, making them ideal for income-seeking portfolios.

MPLX Vs. Western Midstream: Two Highest Yielding MLPs, One Is Superior

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AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES HOUSTON , Nov. 11, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that tomorrow before the market open it will make available on its website at www.westernmidstream.com a post-earnings interview with Oscar Brown, President & Chief Executive Officer, and Kristen Shults, Senior Vice President and Chief Financial Officer, that provides additional insights related to WES's third-quarter results. In addition, WES intends to participate in the following investor conferences during the fourth quarter of 2024 and first quarter of 2025: BofA Securities Global Energy Conference 2024 in Houston, Texas on November 12, 2024 2024 Wells Fargo 23rd Annual Midstream & Utilities Symposium in New York, New York on December 10-11, 2024 2025 UBS Global Energy & Utilities Conference in Park City, Utah on January 13-14, 2025 ABOUT WESTERN MIDSTREAM Western Midstream Partners, LP ("WES") is a master limited partnership formed to develop, acquire, own, and operate midstream assets.

WESTERN MIDSTREAM ANNOUNCES THIRD-QUARTER POST-EARNINGS INTERVIEW WITH CEO, OSCAR BROWN, AND CFO, KRISTEN SHULTS

Western Midstream offers a high 9% yield, benefiting from rising gas production in the Permian Basin. The company is expanding its gas gathering and processing capacity, particularly in the Delaware Basin, which is expected to drive long-term growth. Despite resilient earnings, Western Midstream's distribution coverage is low, making it a higher-risk investment compared to peers like Enterprise Products.

Western Midstream: 9% Yield With Growth Tailwinds From Permian Gas Expansion

Western Midstream Partners, LP Common Units (NYSE:WES ) Q3 2024 Earnings Conference Call November 7, 2024 2:00 PM ET Company Participants Daniel Jenkins - Director of Investor Relations Oscar Brown - President & Chief Executive Officer Danny Holderman - Chief Operating Officer Kristen Shults - Chief Financial Officer Conference Call Participants Jeremy Tonet - JPMorgan Manav Gupta - UBS Keith Stanley - Wolfe Research Zach Van Everen - TPH Ned Baramov - Wells Fargo Neel Mitra - Bank of America Operator Good afternoon, my name is Joanna, and I will be your conference operator today. At this time, I would like to welcome everyone to the Western Midstream Partners Third Quarter 2024 Earnings Conference Call.

Western Midstream Partners, LP Common Units (WES) Q3 2024 Earnings Call Transcript

Reported third-quarter 2024 Net income attributable to limited partners of $281.8 million, generating third-quarter Adjusted EBITDA(1) of $566.9 million. Reported third-quarter 2024 Cash flows provided by operating activities of $551.3 million, generating third-quarter Free cash flow(1) of $365.1 million.

WESTERN MIDSTREAM ANNOUNCES THIRD-QUARTER 2024 RESULTS

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Structuring Portfolio To Achieve Durable 7% Yield With 7% Income Growth

Western Midstream (WES) closed at $37.49 in the latest trading session, marking a +0.27% move from the prior day.

Western Midstream (WES) Ascends While Market Falls: Some Facts to Note

In the latest trading session, Western Midstream (WES) closed at $37.98, marking a -1.17% move from the previous day.

Western Midstream (WES) Stock Declines While Market Improves: Some Information for Investors

Michael Ure Steps Down Following Successful Transformation of Western Midstream into Leading Midstream Operator Partnership Reaffirms 2024 Adjusted EBITDA and Free Cash Flow Guidance HOUSTON , Oct. 28, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced Oscar K. Brown, an independent director of Western Midstream Holdings, LLC, WES's general partner (the "General Partner"), has been appointed President and Chief Executive Officer of the General Partner, effective immediately.

WESTERN MIDSTREAM APPOINTS OSCAR BROWN AS PRESIDENT AND CHIEF EXECUTIVE OFFICER

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In this article, I explore the potential path on how one could achieve $10,000 of annual portfolio income in just a 5-year period by accumulating a capital base from zero. I provide a sample portfolio with specific investment picks, which warrant a portfolio weighted average yield of ~ 9.5%. I remain agnostic to price volatility, but focused on avoiding income cut. I hope that this article will provide a source of inspiration or ideas on how to enhance your income-driven portfolios.

Path To $10,000 Of Annual Income In 5 Years Through SWAN Dividend Investing

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Market Bargains: 3 Dividend Stocks With Double-Digit Return Potential

In the closing of the recent trading day, Western Midstream (WES) stood at $38.32, denoting a -1.03% change from the preceding trading day.

Western Midstream (WES) Suffers a Larger Drop Than the General Market: Key Insights

Western Midstream offers a 9% distribution yield and is growing EBITDA and free cash flow rapidly, making it an attractive investment. The MLP focuses mainly on natural gas assets in the Delaware and DJ Basins and has potential to use its excess free cash flow for other acquisitions or distribution increases. Valued at an enterprise-value-to-EBITDA ratio of 9.1X, Western Midstream is attractively priced compared to industry averages.

Western Midstream: A Top 9% Yielding MLP Play

Western Midstream Partners offers a high dividend yield of 9.1%, supported by a strong balance sheet and high demand for its pipeline capacity. The company boasts a return on assets of 13%, significantly higher than its peers, and maintains a low leverage ratio, enhancing its financial stability. Western Midstream's free cash flow is expected to grow by 19% this year, driven by ongoing investments and increasing transportation volumes.

Western Midstream: Pumping Out A Massive 9% Yield

HOUSTON , Oct. 17, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that the board of directors of its general partner declared a quarterly cash distribution ("Base Distribution") of $0.8750 per unit for the third quarter of 2024, or $3.50 on an annualized basis, which is in-line with the prior quarter's Base Distribution. WES's third-quarter 2024 Base Distribution is payable on November 14, 2024, to unitholders of record at the close of business on November 1, 2024.

WESTERN MIDSTREAM ANNOUNCES THIRD-QUARTER 2024 DISTRIBUTION AND EARNINGS CONFERENCE CALL

Western Midstream (WES) concluded the recent trading session at $38.80, signifying a -1.62% move from its prior day's close.

Western Midstream (WES) Registers a Bigger Fall Than the Market: Important Facts to Note

Here is how Western Midstream (WES) and Williams Companies, Inc. (The) (WMB) have performed compared to their sector so far this year.

Are Oils-Energy Stocks Lagging Western Midstream Partners (WES) This Year?

My top midstream picks are Energy Transfer, Enbridge, and Enterprise Products Partners, with EPD being the best for durable income. After dissecting the fundamentals of WES, I have concluded that WES definitely deserves a spot in my Top 2 income producing midstream list, ranking just below EPD. In this article, I explain in a detailed manner why I have become so bullish on WES.

Western Midstream: My Top 2 MLP Income Pick

News for Western Gas Partners Stock (WES)