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 Q2 2022

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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.

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HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced the sanctioning of a new 250 MMcf/d cryogenic processing plant in the North Loving area of our West Texas complex (“North Loving Plant”). The expected in-service date is the end of the fourth quarter of 2024. Concurrent with the sanctioning of the North Loving Plant, and based on the most current production-forecast information from our producer customers, WES updated 2023 guidance.

Western Midstream Announces Sanctioning of New Cryogenic Plant and Updated 2023 Guidance

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Better High Yield Buy After Q1: Energy Transfer Vs. Western Midstream

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, to provide additional insights related to first-quarter 2023 results. In addition, on May 16, 2023, Daniel Jenkins, Director of Investor Relations, and Shelby Keltner, Commercial Devel.

Western Midstream Announces First-Quarter Post-Earnings Interview With Chief Financial Officer, Kristen Shults and Participation in Upcoming Investor Conferences

Western Midstream Partners, LP (NYSE:WES ) Q1 2023 Earnings Conference Call May 4, 2023 2:00 PM ET Company Participants Daniel Jenkins - Director of Investor Relations Michael Ure - Chief Executive Officer Kristen Shults - Chief Financial Officer Conference Call Participants Spiro Dounis - Citi Keith Stanley - Wolfe Research Gabe Moreen - Mizuho Operator Good afternoon. My name is Emma and I will be your conference operator today.

Western Midstream Partners, LP (WES) Q1 2023 Earnings Call Transcript

2023 remains a low-growth year for Western Midstream Partners but strong producer forecasts provide upside to future years. WES issued $750 million of new debt recently, making it unlikely they will hit the leverage targets specified in their enhanced distribution policy.

Western Midstream's Special Dividend Won't Be Repeated Soon

HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced first-quarter 2023 financial and operating results. Net income (loss) attributable to limited partners for the first quarter of 2023 totaled $199.0 million, or $0.52 per common unit (diluted), with first-quarter 2023 Adjusted EBITDA(1) totaling $498.7 million. First-quarter 2023 Cash flows provided by operating activities totaled $302.4 million, and first-quarter 2023 Free cash flow.

Western Midstream Announces First-quarter 2023 Results

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 of $0.856 per unit for the first quarter of 2023. This distribution includes the Partnership's quarterly Base Distribution of $0.500 per unit, which is consistent with the Partnership's previously disclosed annualized Base Distribution target of $2.

Western Midstream Announces First-Quarter 2023 Distribution, 2022 Enhanced Distribution, and First-Quarter 2023 Earnings Conference Call

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Western Midstream Is A Strong Pure-Play Midstream Stock

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HOUSTON--(BUSINESS WIRE)--Today, Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that after the market close it made available on its website at www.westernmidstream.com a post-earnings interview with Kristen Shults, Senior Vice President and Chief Financial Officer, to provide additional insights related to fourth-quarter and full-year 2022 results. On March 1, 2023, Ms.

Western Midstream Announces Fourth-Quarter Post-Earnings Interview With Chief Financial Officer, Kristen Shults and Participation in Morgan Stanley, Barclays, and Mizuho Conferences

Western Midstream Partners is forecasting flat to slightly down EBITDA in 2023 despite throughput volume growth. The $0.36 special distribution expected this year will be paid only because management counted asset sale proceeds in available cash.

Western Midstream Partners: Earnings Growth On Hold In 2023

Energy Transfer and Western Midstream are among the most attractively priced high-yield investment-grade midstream businesses. While WES has a lower leverage ratio and a higher free cash flow yield, ET is bigger, more diversified, and offers a higher distribution yield.

Better Buy After Q4 Results: Energy Transfer Or Western Midstream

Western Midstream Partners, LP (NYSE:WES ) Q4 2022 Results Conference Call February 23, 2023 2:00 PM ET Company Participants Daniel Jenkins - Director, Investor Relations Michael Ure - Chief Executive Officer Kristen Shults - Chief Financial Officer Conference Call Participants Spiro Dounis - Credit Suisse Keith Stanley - Wolfe Research Neel Mitra - Bank of America Operator Good afternoon. My name is Rob, and I will be your conference operator today.

Western Midstream Partners, LP (WES) Q4 2022 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced fourth-quarter and full-year 2022 financial and operating results. Net income (loss) attributable to limited partners for the fourth quarter of 2022 totaled $328.6 million, or $0.85 per common unit (diluted), with fourth-quarter 2022 Adjusted EBITDA(1) totaling $515.8 million, fourth-quarter 2022 Cash flows provided by operating activities totaling $489.

Western Midstream Announces Fourth-Quarter and Full-Year 2022 Results

Western Midstream has unlocked potential in the DJ Basin with little competition from the big midstream companies such as Enterprise, Energy Transfer, Magellan, and Plains All American. Occidental's 50% stake in WES creates a winning partnership now that new drilling is being permitted in the DJ Basin.

Western Midstream: Untapped Potential

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Both Energy Transfer LP and Western Midstream Partners, LP are high-yielding midstream businesses. Both slashed their payouts in the wake of the COVID-19 outbreak and energy market crash.

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Western Midstream Partners consistently posted strong cash flow performance during 2022, which bodes well for 2023. Thanks to their resulting free cash flow, they now have fulfilled both of the elements required for unitholders to see enhanced distributions.

Western Midstream Partners: Eyes Are On Their Distributions Next Month

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 of $0.50 per unit for the fourth quarter of 2022. This distribution is in line with the prior quarter's distribution and is consistent with the partnership's previously disclosed annualized regular quarterly distribution (“Base Distribution”) target of $2.00 per unit. WES's fourth-quarter 2022 distribution is payable February 13, 2023, to unitholders of record at the close of business on February 1, 2023.

Western Midstream Announces Fourth-Quarter 2022 Distribution and Earnings Conference Call

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