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

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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.

HOUSTON , July 18, 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 second quarter of 2024, or $3.50 on an annualized basis, which is in-line with the prior quarter's Base Distribution. WES's second-quarter 2024 Base Distribution is payable on August 14, 2024, to unitholders of record at the close of business on August 1, 2024.

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

Western Midstream (WES) closed at $41.77 in the latest trading session, marking a +0.05% move from the prior day.

Here's Why Western Midstream (WES) Gained But Lagged the Market Today

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In the closing of the recent trading day, Western Midstream (WES) stood at $41.15, denoting a -0.07% change from the preceding trading day.

Western Midstream (WES) Stock Slides as Market Rises: Facts to Know Before You Trade

The distribution increased by 52%. Western Midstream achieved an investment-grade rating and reported record earnings in Q1 2024. Management is focused on self-funding growth, share repurchases, and improving common unit valuations.

Western Midstream: Distribution Increases 52% As The Turnaround Continues

Western Midstream Partners offers a high dividend yield of 8.5%, making it an attractive choice for investors seeking income. The company operates in both natural gas and liquids, primarily working with Occidental Petroleum, and is benefiting from strong macro trends in the energy industry. Despite a 53% share price increase over the last year, Western Midstream Partners remains attractively priced with strong growth and a high yield.

Western Midstream: One Of The Highest Energy Yields

HOUSTON , July 1, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that its 2023 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedules K-3 at www.taxpackagesupport.com/westernmidstream.

WESTERN MIDSTREAM ANNOUNCES AVAILABILITY OF 2023 SCHEDULE K-3

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Western Midstream has massively increased its distribution this year. The MLP's capital recycling strategy has increased its cash flow while reducing its leverage ratio.

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Done properly, income investing can address the age-old dilemma of having to continuously work to make ends meet. Western Midstream topped the analyst consensus for revenue in the first quarter. The company is making progress to bring its net leverage ratio to its 3x target.

Western Midstream: This 9%-Yielding MLP May Be Worth Buying Now

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Midstream MLPs represent the utilities of the oil and gas world, with predictable cash flows and long-term contracts. Bond King Bill Gross calls Western Midstream Partners, LP the best-of-breed in an undervalued sector. The market has yet to appreciate Western Midstream's substantial 52% distribution increase fully.

9.3% Yield And Investment-Grade Rating Yes! Western Midstream

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Western Midstream has one of the highest yields in the industry after increasing its distribution by over 50%. Enterprise Products Partners has one of the strongest track records in the industry.

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Western Midstream Partners, LP is an undervalued midstream MLP with a 9.1% distribution yield. The company benefits from its strategic position in the Permian Basin and strong financials backed by Occidental Petroleum. Western Midstream Partners offers a high distribution yield, steady cash flow, and potential for capital appreciation, making it an attractive opportunity for income-focused investors.

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Western Midstream reported strong first-quarter results and raised its quarterly base distribution to $0.875 per unit. Investors could see enhanced distribution in 2025 above its base distribution.

Western Midstream Just Raised Its Distribution by 52%. Where Is the Dividend Heading for This 9.4%-Yielding Stock?

Western Midstream has an impressive portfolio of assets and is managing to continue growth volumes. The company has an almost 10% dividend yield that it can comfortably afford. Despite the Occidental Petroleum risk, we expect the company to keep growing and generating strong returns, making it a valuable investment.

Western Midstream Continues To Drive Reliable Returns

AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES HOUSTON , May 13, 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 Kristen Shults, Senior Vice President and Chief Financial Officer, and Danny Holderman, Senior Vice President, Southern Operations, to provide additional insights related to first-quarter 2024 results. In addition, WES intends to participate in the following investor conferences during the second quarter of 2024: The 21st Annual Energy Infrastructure CEO & Investor Conference in Aventura, Florida on May 22 – 23, 2024 RBC Capital Markets Global Energy, Power and Infrastructure Conference in New York, New York on June 4, 2024 J.P.

WESTERN MIDSTREAM ANNOUNCES FIRST-QUARTER POST-EARNINGS INTERVIEW WITH CHIEF FINANCIAL OFFICER, KRISTEN SHULTS AND SVP, SOUTHERN OPERATIONS, DANNY HOLDERMAN

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Bill Gross recently posted on social media that he sees Western Midstream as a top opportunity in MLPs. MLPs are generally less volatile energy stocks, and are also required to pay out a distribution to investors.

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Western Midstream Partners LP (NYSE:WES ) Q1 2024 Earnings Conference Call May 9, 2024 2:00 PM ET Company Participants Daniel Jenkins - Director, IR Michael Ure - President, CEO & Director Kristen Shults - SVP & CFO Conference Call Participants Keith Stanley - Wolfe Research Spiro Dounis - Citigroup Noah Katz - JPMorgan Chase & Co. Zach Van Everen - TPH & Company Manav Gupta - UBS Operator This time, I would like to welcome everyone to the Western Midstream Partners First Quarter 2024 Earnings Conference Call. [Operator Instructions].

News for Western Gas Partners Stock (WES)