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--(BUSINESS WIRE)--Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) today announced the closing of the previously announced acquisition of Meritage Midstream Services II, LLC (“Meritage”). The consideration was funded with cash on hand and WES's recent $600 million investment grade senior notes issuance. The Meritage acquisition transforms WES's existing asset footprint in the Powder River Basin with expanded gathering and processing facilities, a diversified custo.

Western Midstream Announces Closing of Meritage Midstream Acquisition

Western Midstream's share price has stagnated despite efforts to improve shareholder returns, but it offers a dividend yield of over 8%. The company's unique ownership structure with Occidental Petroleum poses risks, as Occidental Petroleum has struggled in the past and may sell its stake. Western Midstream has shown strong operational performance and financials, with volume improvement, increased dividends, and debt reduction.

Western Midstream's Lack Of Appreciation Is Your Opportunity

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HOUSTON--(BUSINESS WIRE)--Today, Western Midstream Partners, LP (NYSE: WES) (“WES”) announced that its subsidiary, Western Midstream Operating, LP (“WES Operating”), has priced an offering of $600 million in aggregate principal amount of 6.350% senior notes due 2029 at a price to the public of 99.786% of their face value. The offering of the senior notes is expected to close on September 29, 2023, subject to the satisfaction of customary closing conditions. Net proceeds from the offering are ex.

Western Midstream Partners, LP Announces Pricing of Notes Offering

Western Midstream Partners LP offers a high dividend yield of over 8.6% and is reliant on strong natural gas prices for earnings growth. The company's business model is supported by fee-based contracts, providing revenue predictability and stability. Western Midstream Partners has maintained strong free cash flow and improved its return on invested capital, outperforming peers in the industry.

Western Midstream Partners LP: Strong And Reliable Yield For The Dividend-Oriented Investor

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Western Midstream Partners' (WES) management anticipates substantial free cash flow benefits resulting from this transaction.

Western Midstream (WES) Buys Meritage, Fortifies Portfolio

Western Midstream is spending $885 million to acquire Meritage Midstream. The deal will enhance its position in the Powder River Basin and its cash flows.

This 8.3%-Yielding Dividend Stock's $885 Million Acquisition Will Give It the Fuel to Push Its Payout Even Higher

Pipeline and oil and gas processing plant operator Western Midstream Partners said on Tuesday it is acquiring Meritage Midstream Services II LLC for $885 million to expand its footprint in the Powder River Basin.

Western Midstream to acquire Meritage Midstream for $885 mln

HOUSTON--(BUSINESS WIRE)--Western Midstream Partners, LP (“WES” or the “Partnership”) (NYSE: WES) today announced that one of its operating subsidiaries has signed an agreement to acquire Meritage Midstream Services II, LLC (“Meritage”) in an all-cash transaction for a purchase price of $885 million, subject to customary adjustments. Meritage, a privately held midstream company headquartered in Denver, Colorado, owns and operates a large-scale natural gas gathering and processing business in th.

Western Midstream Announces Expansion of Powder River Basin Footprint With the Acquisition of Meritage Midstream

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HOUSTON--(BUSINESS WIRE)--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 second-quarter 2023 results. In addition, WES intends to participate in the f.

Western Midstream Announces Second-Quarter Post-Earnings Interview With Chief Financial Officer, Kristen Shults and SVP, Southern Operations, Danny Holderman and Participation in Upcoming Investor Conferences

Western Midstream Partners, LP (NYSE:WES ) Q2 2023 Earnings Conference Call August 9, 2023 2:00 PM ET Company Participants Daniel Jenkins - Director of Investor Relations Michael Ure - Chief Executive Officer Kristen Shults - Chief Financial Officer Danny Holderman - Senior Vice President, Southern Operations Conference Call Participants Brian Reynolds - UBS Jeremy Tonet - JPMorgan Keith Stanley - Wolfe Research Operator Good afternoon. My name is Brent, and I will be your conference operator today.

Western Midstream Partners, LP (WES) Q2 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced second-quarter 2023 financial and operating results. Net income (loss) attributable to limited partners for the second quarter of 2023 totaled $247.1 million, or $0.64 per common unit (diluted), with second-quarter 2023 Adjusted EBITDA(1) totaling $488.3 million. Second-quarter 2023 Cash flows provided by operating activities totaled $490.8 million, and second-quarter 2023 Free cash.

Western Midstream Announces Second-Quarter 2023 Results

The Western Midstream Partners, LP partnership has achieved investment grade status. Distributions will have a base and variable component. Management has improved tremendously since Occidental Petroleum Corporation took over.

Western Midstream Partners LP: Occidental Benefits

HOUSTON--(BUSINESS WIRE)--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 $0.5625 per unit for the second quarter of 2023, or $2.25 on an annualized basis. This distribution represents a 12.5% increase over the prior quarter's Base Distribution of $0.500 per unit. WES's second-quarter 2023 Base Distribution is payable on August 14, 2023, to u.

Western Midstream Announces Second-Quarter 2023 Distribution Increase and Earnings Conference Call

Western Midstream's stock has returned over 11% since I called it one of the cheapest stocks in the midstream space. The company expects strong growth in the Delaware basin and is planning to build a new processing plant there. The company has a great balance sheet with low leverage and termed out debt.

Western Midstream: Steady Performer Remains A Buy

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HOUSTON--(BUSINESS WIRE)--Western Midstream Partners, LP (NYSE: WES) today announced that its 2022 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. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detaile.

Western Midstream Announces Availability of 2022 Schedule K-3

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Western Midstream's distribution policy is unique in its space. The company aims to differentiate itself to attract investors it is currently missing out on. I expect a bias towards aggression on the payout policy. For those that don't have the opportunity to meet with management teams in person, this is one of the stronger teams in the space.

Western Midstream: Leading The Pack In Midstream

Western Midstream's recent weakness has resulted in the company's share price declining, meaning it now represents a valuable opportunity. The company is investing heavily in capital growth, with an increased budget of $750 million for the year that'll result in higher 2H spending. The company's FCF guidance for the year is a double-digit yield, which combined with capital spending, makes the company a valuable overall investment.

Western Midstream: Buy The Dip

Months ago, I first queried YCharts for U.S. dividend stocks yielding greater than 5% annually and solely pegged “attractive” in Y-ratings (ranging from “not-rated” to “avoid”, “neutral”, or “attractive”). My recent query revealed June's divvy nifty 53 stocks; of which, 50 measure up to the dogcatcher-ideal of promising dividend payouts, from $1k invested, greater-than their single-share prices. How're they doin' now? The top ten ranged 12.08% to 43.78% in annual yield and ranged 37.59% to 53.11% in one-year price-target-upsides per brokers as of 6/1/23.

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