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

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2023

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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 has already recovered heavily, however, it has significant additional appreciation potential. The company continues to reliably move assets, operating as a toll road in a low-cost asset base.

Western Midstream Has Continued Appreciation Potential

HOUSTON, Nov. 15, 2021 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that before market on Thursday, November 18, 2021, it will make available on its website at www.westernmidstream.com a post-earnings interview with Michael Ure, President and Chief Executive Officer, and Robert Bourne, Senior Vice President and Chief Commercial Officer, to provide additional insights related to third-quarter results. On November 16, 2021, Michael Ure will participate in one-on-one sessions and a Breakout Session at the 2021 RBC Capital Markets Midstream and Energy Infrastructure Conference.

Western Midstream Announces Third-Quarter Post-Earnings Interview With CEO, Michael Ure, And CCO, Robert Bourne And Participation In RBC, Capital One Securities, And Wells Fargo Conferences

Western Midstream Partners LP (WES) CEO Kristen Shults on Q3 2021 Results - Earnings Call Transcript

HOUSTON, Nov. 9, 2021 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced third-quarter 2021 financial and operating results. Net income (loss) available to limited partners for the third quarter of 2021 totaled $250.2 million, or $0.61 per common unit (diluted), with third-quarter 2021 Adjusted EBITDA(1) totaling $531.6 million, third-quarter 2021 Cash flows provided by operating activities totaling $391.3 million, and third-quarter 2021 Free cash flow(1) totaling $320.0 million.

Western Midstream Announces Third-Quarter 2021 Results

Western Midstream Partners (WES) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Western Midstream Partners (WES)

HOUSTON, Oct. 25, 2021 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced the release of its second-annual Sustainability Report focused on environmental, social, and governance (ESG) issues. The report details the Partnership's commitment to the three pillars of its ESG approach – supporting sustainable environments, focusing on people, and operating responsibly.

Western Midstream Releases 2020 - 2021 Sustainability Report

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Western Midstream Partners has seen a more positive start to 2021 than 2020 by increasing their distributions at 5% per annum, which follows them being halved during 2020. Whilst their cash flow performance was on the softer side during the first half of 2021, this appears to be a temporary lagged impact from the severe downturn of 2020.

Western Midstream Partners: Distribution Growth Set To Accelerate In 2022 And Beyond

HOUSTON, Oct. 22, 2021 /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 of $0.323 per unit for the third quarter of 2021. This distribution represents a 1.3-percent increase over the prior quarter's distribution and is consistent with an annualized distribution growth of 5-percent.

Western Midstream Announces Third-Quarter 2021 Distribution Increase And Earnings Conference Call

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HOUSTON, Aug. 26, 2021 /PRNewswire/ -- Western Midstream Partners, LP (NYSE: WES) today announced the early tender results of the previously announced tender offers (each, an "Offer" and, collectively, the "Offers") by its wholly owned subsidiary, Western Midstream Operating, LP (the "Partnership") to purchase up to $500 million in aggregate principal amount (the "Maximum Principal Amount") of the Partnership's outstanding notes listed in the table below. The terms and conditions of the Offers are set forth in the Partnership's Offer to Purchase, dated August 12, 2021 (the "Offer to Purchase").

Western Midstream Announces Early Tender Results of Cash Tender Offers For Up To $500 Million in Aggregate Principal Amount of Senior Notes

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HOUSTON, Aug. 13, 2021 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) announced that after market close on Monday, August 16, 2021, it will make available on its website at www.westernmidstream.com a post-earnings interview with Michael Ure, President and Chief Executive Officer, to provide additional insight related to second-quarter results. On August 18, 2021, and August 19, 2021, Michael Ure and Craig Collins, Senior Vice President and Chief Operating Officer, will participate in one-on-one sessions at the Citi 2021 One-on-One Midstream/ Energy Infrastructure Virtual Conference.

Western Midstream Announces Second-Quarter Post-Earnings Interview With CEO, Michael Ure

HOUSTON, Aug. 12, 2021 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) announced that its wholly owned subsidiary, Western Midstream Operating, LP (the "Partnership"), has commenced tender offers (each, an "Offer" and, collectively, the "Offers") to purchase, subject to the Maximum Sub-Cap (as defined below) and Acceptance Priority Levels set forth below, up to $500 million in aggregate principal amount (subject to increase by the Partnership, the "Maximum Principal Amount") of its outstanding notes listed in the table below. The terms and conditions of the Offers are set forth in the Partnership's Offer to Purchase, dated August 12, 2021 (the "Offer to Purchase").

Western Midstream Announces Cash Tender Offers For Up To $500 Million In Aggregate Principal Amount Of Senior Notes

Western Midstream expects 2021 EBITDA at the top end of original guidance thanks to increasing third-party throughput. This year's free cash flow covers debt payoff and a 5% distribution increase, with cash left over for buybacks.

Western Midstream Partners: Cash Flow Machine Just Getting Started

Western Midstream Partners LP (WES) CEO Michael Ure on Q2 2021 Results - Earnings Call Transcript

HOUSTON, Aug. 9, 2021 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced second-quarter 2021 financial and operating results. Net income (loss) available to limited partners for the second quarter of 2021 totaled $226.3 million, or $0.55 per common unit (diluted), with second-quarter 2021 Adjusted EBITDA(1) totaling $491.1 million, second-quarter 2021 Cash flows provided by operating activities totaling $452.1 million, and second-quarter 2021 Free cash flow(1) totaling $379.8 million.

Western Midstream Announces Second-Quarter 2021 Results

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HOUSTON, July 20, 2021 /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 of $0.319 per unit for the second quarter of 2021. This distribution represents a 1.3-percent increase over the prior quarter's distribution and is consistent with an annualized distribution growth of 5-percent.

Western Midstream Announces Second-Quarter 2021 Distribution Increase And Earnings Conference Call

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As the financial implications of COVID worsened in early 2020, midstream yields increased to peak levels due to overall weak equity performance, and multiple midstream corporations and MLPs cut their dividends by 50% or more, though cuts were biased to smaller names in the space. Since then, dividends have remained mostly stable each quarter, which allowed yields to moderate to more sustainable levels as equity prices continued to improve.

Midstream Income Opportunities: Dividends Resilient Throughout Recent Quarters

Western Midstream Partners' units have underperformed since the company reported first quarter results.

Pounding The Table For Western Midstream Partners

HOUSTON, May 14, 2021 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) announced that after market-close on Monday, May 17, 2021, it will make available on its website at www.westernmidstream.com a post-earnings interview with Michael Ure, President and Chief Executive Officer, to provide additional insight related to first-quarter results. On May 19, 2021, and May 20, 2021, Michael Ure and Craig Collins, Senior Vice President and Chief Operating Officer, will participate in one-on-one sessions at the 2021 Energy Infrastructure Council Investor Conference.

News for Western Gas Partners Stock (WES)