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.

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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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Western Midstream Partners, LP is a large midstream company with an $11 billion market capitalization and an 8% dividend yield. The company's recent performance showed strong growth in natural gas, crude oil, and produced-water throughput. Western Midstream recently completed the acquisition of Meritage Midstream, which will enhance its asset portfolio and increase shareholder returns.

Western Midstream Remains Focused On Shareholder Returns

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 Jon Greenberg, Vice President, Corporate Development, to provide additional insights related to third quarter 2023 results. In addition, WES intends to participate in the following.

Western Midstream Announces Third-Quarter Post-Earnings Interview With Chief Financial Officer, Kristen Shults and VP, Corporate Development, Jon Greenberg and Participation in Upcoming Investor Conferences

Western Midstream's increasing organic throughput and recent M&A add confidence that the partnership can grow earnings and distributions. Quarterly distributions should exceed 2019 levels by the second half of 2024. WES also has the capacity to increase buybacks. I believe Western Midstream Partnership units should finally break out of their 2-year trading range based on this outlook.

Western Midstream Partners: Latest Actions Should Drive A Breakout

Western Midstream Partners, LP (WES) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Western Midstream (WES) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Western Midstream (WES) Reports Q3 Earnings: What Key Metrics Have to Say

HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced third-quarter 2023 financial and operating results. Net income (loss) attributable to limited partners for the third quarter of 2023 totaled $270.8 million, or $0.70 per common unit (diluted), with third-quarter 2023 Adjusted EBITDA(1) totaling $510.9 million. Third-quarter 2023 Cash flows provided by operating activities totaled $394.8 million, and third-quarter 2023 Free cash flow.

Western Midstream Announces Third-Quarter 2023 Results

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Western Midstream has lowered its 2023 guidance, but this should be from a temporary issue. Western Midstream's acquisition of Meritage was done at an attractive price and will contribute to future growth. WES stock looks inexpensive versus peers and has a safe and growing distribution with an over 8% yield.

Western Midstream: Meritage Acquisition Should Drive Growth

At an 8.3% annualized yield, Western Midstream is well above the 5% of a two-year Treasury.

Top Dividend Stocks: Western Midstream's Jaw-Dropping 8.3% Yield Entices

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 $0.5750 per unit for the third quarter of 2023, or $2.30 on an annualized basis. This distribution represents a 2.2% increase compared to the second-quarter's Base Distribution of $0.5625 and is consistent with prior communications regarding a distribution increase upon.

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

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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News for Western Gas Partners Stock (WES)