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

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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.

Bill Gross likes the tax-deferred income MLPs like Western Midstream offer. The company recently boosted its payout by 40%, pushing its yield over 10%.

This Famous Billionaire Investor Likes This Relatively Unknown Ultra-High-Yield Dividend Stock

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If they're buying, we're buying. Or we're at least considering it. If there's anything better than a big dividend, it's one that is being gobbled up by the company's own insiders. We're talking about the officers, directors, and other members of the C-suite that are closer to the action than any analyst, reporter or investor could ever hope to be.

Three Dividends Up To 7% With Big Insider Buying

Western Midstream Partners, LP has outperformed the market by roughly 50% and has the ability to drive strong returns. The company has started non-core divestitures to increase the overall value of its assets and has raised almost $800 million from non-controlling stake sales. Western Midstream focuses on increasing returns through share buybacks and has consistently reduced leverage, enabling it to put more cash towards buybacks and increase dividend savings.

Western Midstream's Recent Strength Doesn't Change The Thesis

Occidental Petroleum

Western Midstream recently increased its distribution by 52%. Occidental had plans to sell part or all of Western Midstream in 2019, but was "stuck" with the asset due to lack of buyer interest. Occidental aims to reconstitute Western Midstream to serve more of its operations, not just the acquired Anadarko business.

Western Midstream: Bet On Occidental Management

Western Midstream Partners, LP knocked it out of the park in FY 2023 with record volumes and profitability.

My Income Climbed 52%, More Capital Gains Ahead: Western Midstream

HOUSTON , Feb. 26, 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, to provide additional insights related to fourth-quarter 2023 results and 2024 guidance. In addition, WES intends to participate in the following investor conferences during the first quarter of 2024: Barclays Investment Grade Energy and Pipeline Conference in New York, New York on March 6, 2024 NYSE Virtual Energy & Utilities Day on March 21, 2024 ABOUT WESTERN MIDSTREAM Western Midstream Partners, LP ("WES") is a master limited partnership formed to develop, acquire, own, and operate midstream assets.

WESTERN MIDSTREAM ANNOUNCES FOURTH-QUARTER POST-EARNINGS INTERVIEW WITH CHIEF FINANCIAL OFFICER, KRISTEN SHULTS AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES

Western Midstream reported strong Q4 results and announced it plans to increase its distribution by 52%. The company also announced a number of non-core asset sales that will improve its balance sheet and lower its leverage. There are rumors of Occidental Petroleum selling its stake in Western Midstream, which could potentially lead to an acquisition of the company.

Western Midstream Set To Dramatically Increase Its Already Robust Distribution

Western Midstream Partners, LP (WES) Q4 2023 Earnings Call Transcript

Western Midstream Partners, LP finally broke above its trading range in the $20s and is forecasting strong EBITDA growth of around 11%. This breakout should continue, supported by Western Midstream increasing quarterly distributions over 50% to $0.875 from $0.575. Throughput of gas, oil, and water all grew, even before completion of two new gas processing plants in the Delaware basin this year.

Western Midstream: The Breakout Is Here And It's Likely Not Over

The headline numbers for Western Midstream (WES) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Western Midstream (WES) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

EXPECTS TO RECOMMEND A 52-PERCENT BASE DISTRIBUTION INCREASE Subsequent to quarter-end, entered into a series of agreements to sell WES's equity interests in multiple non-core assets for aggregate proceeds of $790 million and for an aggregate multiple of approximately 9.6 times 2023 Adjusted EBITDA. Provided 2024 guidance ranges of $2.200 billion to $2.400 billion for Adjusted EBITDA(1), $700.0 million to $850.0 million for total capital expenditures(2), and $1.050 billion to $1.250 billion for Free cash flow(1), all of which include the impact of the non-core asset divestitures.

WESTERN MIDSTREAM ANNOUNCES 2024 GUIDANCE AND NON-CORE ASSET SALES FOR AGGREGATE PROCEEDS OF $790 MILLION

Reported fourth-quarter 2023 Net income attributable to limited partners of $281.6 million, generating fourth-quarter Adjusted EBITDA(1) of $570.7 million. Reported full-year 2023 Net income attributable to limited partners of $998.5 million, generating full-year Adjusted EBITDA(1) of $2.069 billion, and exceeding the revised full-year 2023 Adjusted EBITDA range of $1.950 billion to $2.050 billion.

WESTERN MIDSTREAM ANNOUNCES FOURTH-QUARTER AND FULL-YEAR 2023 RESULTS

HOUSTON , Feb. 20, 2024 /PRNewswire/ -- Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") is aware of recent news coverage indicating that WES is working towards a sales process. WES has not launched a sales process nor has it engaged bankers or other advisors with a view toward doing so.

WESTERN MIDSTREAM STATEMENT REGARDING RECENT MEDIA COVERAGE

Occidental Petroleum is mulling a divestment of its 50% stake in Western Midstream Partners, according to a Reuters article published on Tuesday. Western Midstream's market capitalisation is currently valued at $11.76 billion, with debt bringing its enterprise value closer to $20 billion.

Buffett-backed Occidental reportedly exploring Western Midstream spinoff

Occidental Petroleum is exploring a sale of Western Midstream Partners , a U.S. natural gas-focused pipeline operator that has a market value of more than $18 billion, including debt, according to people familiar with the matter.

Exclusive: Occidental explores $18 billion-plus sale of Western Midstream, sources say

Higher throughput is likely to have boosted Q4 earnings for Western Midstream (WES).

Western Midstream (WES) to Post Q4 Earnings: What's in Store?

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"Bond King" Bill Gross says the markets are mistakenly ignoring the likely possibility of a hard landing. He insists that a capitalistic and finance-driven economy doesn't do well with an inverted rate curve.

Bond King Signals Recession Warnings, Outlines Asset-Rich Dividends

HOUSTON, Jan. 22, 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 $0.5750 per unit for the fourth quarter of 2023, or $2.30 on an annualized basis, which is in line with the prior quarters' distribution. WES's fourth-quarter 2023 Base Distribution is payable on February 13, 2024, to unitholders of record at the close of business on February 1, 2024.

WESTERN MIDSTREAM ANNOUNCES FOURTH-QUARTER 2023 DISTRIBUTION AND EARNINGS CONFERENCE CALL

HOUSTON , Jan. 8, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES") announced that members of the partnership's management team will participate in the 2024 UBS Global Energy & Utilities Conference in Park City, Utah on January 9, 2024. WES's most recent earnings call presentation can be viewed in the Events & Presentations tab in the Investor Relations section of the partnership's website at www.westernmidstream.com.

WESTERN MIDSTREAM ANNOUNCES PARTICIPATION IN UPCOMING INVESTOR CONFERENCE

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A favorable business environment in the energy space has heightened the need to bet on The Williams Companies (WMB), Western Midstream (WES) and Murphy USA (MUSA).

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Recognize that the natural gas surplus is only one side of the equation; assessing capacity relative to demand is crucial. Western Midstream is actively fortifying its asset portfolio and enhancing shareholder returns through distribution raises and share buybacks. Despite industry-low debt levels and higher yields, WES is considered considerably undervalued.

Natural Gas Demand Is Soaring: Earn +8% Yields From Western Midstream

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Western Midstream (WES) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

News for Western Gas Partners Stock (WES)