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.

Western Midstream signed deals in 1Q expanding gas throughput by over 10%. The prospect of a small special distribution in 2023 has increased. The special in 2024 will be significantly larger as debt will be down to target levels.

Western Midstream: New Deals Speed Up Growth

Western Midstream Partners, LP (NYSE:WES ) Q1 2022 Results Conference Call May 11, 2022 3:00 PM ET Company Participants Daniel Jenkins - Director, IR Michael Ure - CEO Kristen Shults - CFO Craig Collins - COO Conference Call Participants Spiro Dounis - Credit Suisse Colton Bean - Tudor, Pickering Chase Mulvehill - Bank of America Michael Cusimano - Pickering Energy Partners Ned Baramov - Wells Fargo Operator Good afternoon. My name is Celina, and I will be your conference operator today.

Western Midstream Partners, LP (WES) CEO Michael Ure on Q1 2022 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced first-quarter 2022 financial and operating results. Net income (loss) attributable to limited partners for the first quarter of 2022 totaled $301.9 million, or $0.75 per common unit (diluted), with first-quarter 2022 Adjusted EBITDA(1) totaling $539.1 million, first-quarter 2022 Cash flows provided by operating activities totaling $276.5 million, and first-quarter 2022 Free cash flo

Western Midstream Announces First-Quarter 2022 Results

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

Is a Surprise Coming for Western Midstream (WES) This Earnings Season?

HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced the appointment of Kristen Shults to Senior Vice President and Chief Financial Officer, effective on May 2, 2022. In this role, Shults will continue to lead the organization's Finance, Investor Relations, Communications, and Sustainability teams, with additional oversight of the Accounting organization. “Since becoming a stand-alone midstream enterprise, our team has made tremendous

Western Midstream Announces New CFO

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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 first quarter of 2022. This distribution represents a 53-percent increase over 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

Western Midstream Announces First-Quarter 2022 Distribution Increase and Earnings Conference Call

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Western Midstream is an important core holding for any portfolio with its reliable portfolio of assets.

Western Midstream Is An Important Core Holding For Any Portfolio

HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that on March 30, 2022, Daniel Jenkins, Director of Investor Relations, and Shelby Keltner, Investor Relations Manager, will participate in one-on-one and group sessions at the US Capital Advisors Midstream Corporate Access Day event. On April 12, 2022, Michael Ure, President and Chief Executive Officer, and Mr. Jenkins will participate in a group session at the 2022 Wells Fargo Hou

Western Midstream Announces Participation in US Capital Advisors and Wells Fargo Conferences

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HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that before market on Monday, February 28, 2022, 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 insights related to fourth-quarter and full-year 2021 results. On February 28, 2022 and March 1, 2022, Daniel Jenkins, Director of Investor Relations, and Jon VandenB

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

Western Midstream announced plans for a huge distribution increase. The forward payout will be $2.00 per unit for a 8.1% yield. The partnership also has plans to do buybacks and special distributions if free cash flow is left over after distributions and debt payment.

Western Midstream Partners: Big Payouts In The Pipeline

Western Midstream Partners, LP (WES) CEO Michael Ure on Q4 2021 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Western Midstream Partners, LP (NYSE: WES): Reported fourth-quarter 2021 Net income attributable to limited partners of $238.2 million, generating fourth-quarter Adjusted EBITDA(1) of $480.9 million, which included $26.2 million of an unfavorable non-cash revenue adjustment. Reported full-year 2021 Net income attributable to limited partners of $896.5 million, generating full-year Adjusted EBITDA(1) of $1.947 billion, exceeding the high end of full-year 2021 Adjusted E

Western Midstream Announces Fourth-Quarter and Full-Year 2021 Results

Should You Buy Western Midstream (WES) Ahead of Earnings?

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Occidental Petroleum's financial recovery means there's a much lower chance that the Western Midstream stake will be sold. The company has the ability to generate more than $1 billion / year in FCF while paying down its debt as it comes due.

Western Midstream Is Rewarding Shareholders On All Fronts

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 $0.327 per unit for the fourth quarter of 2021. This distribution represents a 1.3-percent increase over the prior quarter's distribution and is consistent with the partnership's previously disclosed annualized 2021 distribution growth rate of 5-percent. WES's fourth-quarter 2021 distributio

Western Midstream Announces Fourth-Quarter 2021 Distribution Increase and Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that on January 11 and January 12, 2022, Craig Collins, WES's Chief Operating Officer, and Kristen Shults, WES's Senior Vice President, Finance and Communications, will participate in one-on-one sessions at the UBS Winter Infrastructure and Energy Conference. ABOUT WESTERN MIDSTREAM Western Midstream Partners, LP (“WES”) is a Delaware master limited partnership formed to acquire, ow

Western Midstream Announces Participation in UBS Conference

HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced changes to the board of directors (the “Board”) of Western Midstream Holdings, LLC, its general partner (the “General Partner”), and to its management team, as well as the repurchase of WES common units from Occidental. In connection with his retirement from Occidental Petroleum Corporation (“Occidental”), Mr. Glenn Vangolen will resign from the Board effective December 17, 2021. Mr

Western Midstream Announces Board and Officer Changes

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News for Western Gas Partners Stock (WES)