Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
United StatesIPO:
10 December 2012Website:
http://www.westernmidstream.comNext earnings report:
21 February 2025Last dividends:
01 November 2024Next dividends:
N/APrice
after hours | 16 min agoAnalysts recommendations
Institutional Ownership
WES Latest News
Western Midstream offers a high, tax-deferred yield and strong fundamentals, with potential for increased distributions and enhanced payouts in 2025. WES's affiliation with Occidental Petroleum (OXY) poses risks due to potential conflicts of interest and uncertainty about OXY's intentions to divest its WES stake. Recent developments, including OXY's partial sale of WES units and CEO transitions, have created market uncertainty but also potential investment opportunities.
Western Midstream Partners continues to hit throughput records in the Delaware basin, but slower growth is expected going forward. With the moderation in growth, I am slightly reducing my projections for EBITDA and distributions next year. WES' 9.2% forward distribution yield remains sustainable and could grow to 10% by 2027.
AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES HOUSTON , Nov. 11, 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 Oscar Brown, President & Chief Executive Officer, and Kristen Shults, Senior Vice President and Chief Financial Officer, that provides additional insights related to WES's third-quarter results. In addition, WES intends to participate in the following investor conferences during the fourth quarter of 2024 and first quarter of 2025: BofA Securities Global Energy Conference 2024 in Houston, Texas on November 12, 2024 2024 Wells Fargo 23rd Annual Midstream & Utilities Symposium in New York, New York on December 10-11, 2024 2025 UBS Global Energy & Utilities Conference in Park City, Utah on January 13-14, 2025 ABOUT WESTERN MIDSTREAM Western Midstream Partners, LP ("WES") is a master limited partnership formed to develop, acquire, own, and operate midstream assets.
Western Midstream offers a high 9% yield, benefiting from rising gas production in the Permian Basin. The company is expanding its gas gathering and processing capacity, particularly in the Delaware Basin, which is expected to drive long-term growth. Despite resilient earnings, Western Midstream's distribution coverage is low, making it a higher-risk investment compared to peers like Enterprise Products.
Western Midstream Partners, LP Common Units (NYSE:WES ) Q3 2024 Earnings Conference Call November 7, 2024 2:00 PM ET Company Participants Daniel Jenkins - Director of Investor Relations Oscar Brown - President & Chief Executive Officer Danny Holderman - Chief Operating Officer Kristen Shults - Chief Financial Officer Conference Call Participants Jeremy Tonet - JPMorgan Manav Gupta - UBS Keith Stanley - Wolfe Research Zach Van Everen - TPH Ned Baramov - Wells Fargo Neel Mitra - Bank of America Operator Good afternoon, my name is Joanna, and I will be your conference operator today. At this time, I would like to welcome everyone to the Western Midstream Partners Third Quarter 2024 Earnings Conference Call.
Western Midstream (WES) closed at $37.49 in the latest trading session, marking a +0.27% move from the prior day.
In the latest trading session, Western Midstream (WES) closed at $37.98, marking a -1.17% move from the previous day.
Michael Ure Steps Down Following Successful Transformation of Western Midstream into Leading Midstream Operator Partnership Reaffirms 2024 Adjusted EBITDA and Free Cash Flow Guidance HOUSTON , Oct. 28, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced Oscar K. Brown, an independent director of Western Midstream Holdings, LLC, WES's general partner (the "General Partner"), has been appointed President and Chief Executive Officer of the General Partner, effective immediately.
In the closing of the recent trading day, Western Midstream (WES) stood at $38.32, denoting a -1.03% change from the preceding trading day.
Western Midstream Partners offers a high dividend yield of 9.1%, supported by a strong balance sheet and high demand for its pipeline capacity. The company boasts a return on assets of 13%, significantly higher than its peers, and maintains a low leverage ratio, enhancing its financial stability. Western Midstream's free cash flow is expected to grow by 19% this year, driven by ongoing investments and increasing transportation volumes.
What type of business is Western Midstream Partners LP?
Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water. The company also buys and sells natural gas, NGLs, and condensate. It operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.
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 from?
Western Midstream Partners LP is headquartered in United States
When did Western Midstream Partners LP go public?
Western Midstream Partners LP initial public offering (IPO) was on 10 December 2012
What is Western Midstream Partners LP website?
https://www.westernmidstream.com
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 the previous earnings report?
No data
When does Western Midstream Partners LP earnings report?
The next expected earnings date for Western Midstream Partners LP is 21 February 2025