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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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)--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

CSI Compressco

Cenovus Energy

Enbridge

Equitrans Midstream

Genesis Energy

VanEck Vectors Oil Services ETF

Plains All American Pipeline

Pembina Pipeline

Transocean

Sitio Royalties Corp

Targa Resources

TC Energy

Viper Energy Partners LP

Energy Select Sector SPDR Fund

SPDR S&P Oil & Gas Exploration & Production ETF

Energy shares traded aimlessly on low volume until indicators pointed to a tightening oil market late in the week. Friday saw dramatic outperformance in response to improving oil market fundamentals despite heightened macro concerns. The late-week price action suggests further oil market tightening will push oil-related equities higher over the coming months.

Energy Income Weekly: The Week's Price Action Bodes Well For The Second Half

Avance Gas Holding Ltd

Black Stone Minerals LP

Civitas Resources

Coterra Energy

DHT Holdings

Dorchester Minerals

Frontline

Pioneer Natural Resources

Sabine Royalty Trust

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 produced this list of July Divvy Nifty-60 stocks; of which, 58 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 of 60 divvy 58 for July ranged 12.08% to 29.96% in annual-yield and ranged 27.39% to 43.48% in one-year price-target-upsides per brokers as-of 6/30/23.

July Fireworks: Nifty-60 Divvy Dogs

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

Ares Capital

Banco de Chile

British American Tobacco

Devon Energy

Eni SpA Sponsored ADR

Ecopetrol

Energy Transfer LP Unit

Icahn Enterprises

Petroleo Brasileiro

Stellantis N.V. 

AT&T

Telefonica SA

Vodafone Group

Dogsofthedow.com recently published this list of 50 large-cap high-dividend stocks as of 6/29/23. This list targeted investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation has gone belly-up”. Investors reduce volatility/risk by limiting high-dividend searches to large-well-established companies. For example, net gain estimates (as-of-6/29/23) for PXD, WES, TEF, DVN, T, ET, STLA, PBR, BTI, & topped-by VOD, ranged 31.24%-56.04%.

July's Top 50 Large-Cap High-Yield Dividend Stocks

Kinetik Holdings

Kinetik Holdings offers an 8.8%-yielding payout. Plains All American Pipeline has plenty of room to grow its 8%-yielding payout.

These 3 Ultra-High-Yield Dividend Stocks Are Severely Underrated

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.

Did You Go Away In May? Here's A Nifty 50 Divvy Dog Cure

Alerian MLP ETF

Enterprise Products Partners

Occidental Petroleum

Warren Buffett's Berkshire Hathaway has been increasing its stake in Occidental Petroleum, signaling a bullish outlook on the energy sector. The energy sector enjoys several strong and sustainable tailwinds right now. We share some of our top high yield energy picks.

Warren Buffett Is Buying Energy Hand-Over-Fist: Our Top Picks

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

ET and WES are both investment-grade, high-yield midstream businesses. We compare ET and WES side-by-side after reporting Q1 results.

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

Delek Logistics Partners

EnLink Midstream

Global Partners

Hess

Hess Midstream Partners

Cheniere Energy

NGL Energy Partners

Tellurian

Exxon Mobil

The energy sector gained 6.3% in response to surging oil prices and improving oil-market fundamentals. Oilfield services was the best-performing energy sub-sector.

Energy Income Weekly: Improving Oil Market Fundamentals To Drive Energy Outperformance

Western Midstream, spun off by Occidental Petroleum in 2019, has been paying eye-watering yields. The post Top Dividend Stock: Western Midstream's Already Sizzling 7.9% Yield Set To Jump appeared first on Investor's Business Daily.

Top Dividend Stock: Western Midstream's Already Sizzling 7.9% Yield Set To Jump

Western Midstream has an attractive position in the Delaware Permian. The balance sheet is in good shape and the company plans to pay an enhanced distribution in Q2 2023.

Western Midstream Is A Value Play

News for Western Gas Partners Stock (WES)