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Profile

Full Name:

Western Midstream Partners, LP

Sector:

Energy

Country:

United States

IPO:

10 December 2012

Indexes:

Not included

Description:

Western Midstream Partners LP is a company that provides essential services in the oil and gas industry. They focus on gathering, processing, and transporting natural gas, crude oil, and water. Their operations support energy production and help connect resources to markets efficiently.

Key Details

Price

$42.79

TTM Dividend Yield

7.48%(-10.42% YoY)

Annual Revenue

$3.11 B(-4.47% YoY)

Annual EPS

$2.60(-13.33% YoY)

PE Ratio

10.92(-4.88% YoY)

Beta

0.71

Events Calendar

Earnings

Next earnings date:

Feb 27, 2025

Recent quarterly earnings:

Nov 06, 2024

Recent annual earnings:

Feb 21, 2024
Dividend

Next ex-dividend date:

Feb 03, 2025

Recent ex-dividend date:

Nov 01, 2024
Splits

Next split:

N/A

Recent split:

Nov 26, 2014

Analyst ratings

Recent major analysts updates

09 Dec '24 RBC Capital
Sector Perform
15 Nov '24 UBS
Neutral
25 Oct '24 Morgan Stanley
Underweight
09 Aug '24 Stifel
Hold
10 July '24 Stifel
Hold
21 May '24 Wells Fargo
Equal-Weight
07 May '24 Mizuho
Buy
18 Apr '24 Wolfe Research
Peer Perform
19 Mar '24 Raymond James
Market Perform
11 Mar '24 RBC Capital
Sector Perform

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Institutional Ownership

WESTERN MIDSTREAM ANNOUNCES FOURTH-QUARTER 2024 DISTRIBUTION AND EARNINGS CONFERENCE CALL
WESTERN MIDSTREAM ANNOUNCES FOURTH-QUARTER 2024 DISTRIBUTION AND EARNINGS CONFERENCE CALL
WESTERN MIDSTREAM ANNOUNCES FOURTH-QUARTER 2024 DISTRIBUTION AND EARNINGS CONFERENCE CALL
WES
prnewswire.com24 January 2025

HOUSTON, Jan. 24, 2025 /PRNewswire/ -- Western Midstream Partners, LP (NYSE: WES) has announced that its general partner's board of directors has approved a quarterly cash distribution of $0.8750 per unit for the fourth quarter of 2024, which totals $3.50 annually, matching the previous quarter's distribution. This fourth-quarter distribution will be paid on February 14, 2025, to unitholders who are on record by the end of business on February 3, 2025.

Western Midstream (WES) Rises But Trails Market: What Investors Should Know
Western Midstream (WES) Rises But Trails Market: What Investors Should Know
Western Midstream (WES) Rises But Trails Market: What Investors Should Know
WES
zacks.com15 January 2025

At the end of the last trading day, Western Midstream (WES) was priced at $41.19, which represents an increase of 0.88% compared to the day before.

Western Midstream: A Rock Solid Investment (Rating Upgrade)
Western Midstream: A Rock Solid Investment (Rating Upgrade)
Western Midstream: A Rock Solid Investment (Rating Upgrade)
WES
seekingalpha.com14 January 2025

Western Midstream Partners has demonstrated significant growth in free cash flow and EBITDA. I consider Western Midstream a strong buy due to the rising long-term demand for natural gas, which is partly fueled by AI and data centers. The company has also provided strong guidance for FY 2024, expecting a 19% increase in free cash flow and an 11% rise in adjusted EBITDA, suggesting further potential for growth.

Western Midstream: Deeply Undervalued With An 8.7% Yield
Western Midstream: Deeply Undervalued With An 8.7% Yield
Western Midstream: Deeply Undervalued With An 8.7% Yield
WES
seekingalpha.com10 January 2025

I suggest a 'Strong buy' for Western Midstream Partners LP because it offers an impressive 8.7% forward distribution yield and has the potential for a 33% increase. The company is well-placed in important U.S. oil regions and has a diverse growth strategy that includes mergers and acquisitions as well as organic growth, which bodes well for its future. Additionally, its strong financial position, good profitability, and positive market conditions help maintain its high yield and make it an attractive investment.

Western Midstream (WES) Stock Drops Despite Market Gains: Important Facts to Note
Western Midstream (WES) Stock Drops Despite Market Gains: Important Facts to Note
Western Midstream (WES) Stock Drops Despite Market Gains: Important Facts to Note
WES
zacks.com03 January 2025

In the latest trading session, Western Midstream (WES) finished at $39.24, showing a decrease of 0.05% compared to the day before.

Western Midstream (WES) Rises As Market Takes a Dip: Key Facts
Western Midstream (WES) Rises As Market Takes a Dip: Key Facts
Western Midstream (WES) Rises As Market Takes a Dip: Key Facts
WES
zacks.com27 December 2024

At the end of the last trading day, Western Midstream (WES) was priced at $39.13, which represents a 0.28% increase compared to the day before.

Retirement Income With 9% Yield And Growth: Western Midstream
Retirement Income With 9% Yield And Growth: Western Midstream
Retirement Income With 9% Yield And Growth: Western Midstream
WES
seekingalpha.com18 December 2024

You can receive money directly in your account by investing in toll bridge-style assets. These investments generate a lot of free cash flow, allowing for good returns for investors. This income will continue to benefit you, regardless of the economic situation.

Western Midstream: A 9% Yield, Undervalued, And Still Room To Grow
Western Midstream: A 9% Yield, Undervalued, And Still Room To Grow
Western Midstream: A 9% Yield, Undervalued, And Still Room To Grow
WES
seekingalpha.com15 December 2024

WES is considered undervalued for a midstream company that focuses on the Permian region. Although its growth rate is slowing, it is still expected to achieve a solid mid-single digit growth rate by 2025, which supports my price target of $46 per unit. For investors looking for income, WES offers an attractive nearly 9% yield, along with the possibility of special distributions and moderate growth in 2025.

6-9% Yielding Cash Cows To Make Money While You Sleep
6-9% Yielding Cash Cows To Make Money While You Sleep
6-9% Yielding Cash Cows To Make Money While You Sleep
WES
seekingalpha.com06 December 2024

Income investing takes time and careful selection of reliable companies that provide consistent and good income. Western Midstream has an 8.7% yield, solid performance indicators, and strong credit ratings, backed by fee-based contracts and careful financial practices. W.P. Carey offers a 6.3% yield, high occupancy levels, long leases, and rent increases that can keep up with inflation, while also growing through buying industrial properties.

Western Midstream: The Unbearable Tightness Of Oxy's Embrace - Yet Still Appealing
Western Midstream: The Unbearable Tightness Of Oxy's Embrace - Yet Still Appealing
Western Midstream: The Unbearable Tightness Of Oxy's Embrace - Yet Still Appealing
WES
seekingalpha.com20 November 2024

Western Midstream provides a good, tax-deferred return and solid financial health, with the possibility of higher distributions and payouts in 2025. However, its connection with Occidental Petroleum (OXY) brings some risks, such as possible conflicts of interest and unclear plans regarding OXY's ownership of WES. Recent changes, like OXY's partial sale of WES units and new leadership, have led to market uncertainty but may also present investment chances.

FAQ

  • What is the primary business of Western Midstream Partners LP?
  • What is the ticker symbol for Western Midstream Partners LP?
  • Does Western Midstream Partners LP pay dividends?
  • What sector is Western Midstream Partners LP in?
  • What industry is Western Midstream Partners LP in?
  • What country is Western Midstream Partners LP based in?
  • When did Western Midstream Partners LP go public?
  • Is Western Midstream Partners LP in the S&P 500?
  • Is Western Midstream Partners LP in the NASDAQ 100?
  • Is Western Midstream Partners LP in the Dow Jones?
  • When was Western Midstream Partners LP's last earnings report?
  • When does Western Midstream Partners LP report earnings?
  • Should I buy Western Midstream Partners LP stock now?

What is the primary business of Western Midstream Partners LP?

Western Midstream Partners LP is a company that provides essential services in the oil and gas industry. They focus on gathering, processing, and transporting natural gas, crude oil, and water. Their operations support energy production and help connect resources to markets efficiently.

What is the ticker symbol for Western Midstream Partners LP?

The ticker symbol for Western Midstream Partners LP is NYSE:WES

Does Western Midstream Partners LP pay dividends?

Yes, Western Midstream Partners LP pays dividends. The last payment was $0.88, with an ex-dividend date on 01 November 2024

What sector is Western Midstream Partners LP in?

Western Midstream Partners LP is in the Energy sector

What industry is Western Midstream Partners LP in?

Western Midstream Partners LP is in the Oil & Gas Midstream industry

What country is Western Midstream Partners LP based in?

Western Midstream Partners LP is headquartered in United States

When did Western Midstream Partners LP go public?

Western Midstream Partners LP's initial public offering (IPO) was on 10 December 2012

Is Western Midstream Partners LP in the S&P 500?

No, Western Midstream Partners LP is not included in the S&P 500 index

Is Western Midstream Partners LP in the NASDAQ 100?

No, Western Midstream Partners LP is not included in the NASDAQ 100 index

Is Western Midstream Partners LP in the Dow Jones?

No, Western Midstream Partners LP is not included in the Dow Jones index

When was Western Midstream Partners LP's last earnings report?

Western Midstream Partners LP's most recent earnings report was on 6 November 2024

When does Western Midstream Partners LP report earnings?

The next expected earnings date for Western Midstream Partners LP is 27 February 2025

Should I buy Western Midstream Partners LP stock now?

As of today, analysts generally recommend a 'Hold' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions