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.

Formed in 2019 from a spinoff from Occidental Petroleum, Western Midstream operates over 14,000 miles of crude oil and natural gas pipelines. The post Dividend Stock Energizes Investors With Sizzling 9% Yield appeared first on Investor's Business Daily.

Dividend Stock Energizes Investors With Sizzling 9% Yield

Get cash piped directly into your account by owning toll bridge-style investments. High levels of free cash flow provide ample room to reward unit holders. This yield will keep on paying you in good times and bad.

Retirement Income With 9% Yield And Growth: Western Midstream

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By many measures, WES is undervalued for a Permian-focused midstream company. The company's growth rate may be slowing, but is far from a standstill. 2025 is projected to a respectable mid-single digit growth rate. This underpins my price target of $46/unit. For income-oriented investors, WES presents a compelling opportunity to harvest a nearly 9% yield with potential upside from special distributions and moderate distribution growth in 2025.

Western Midstream: A 9% Yield, Undervalued, And Still Room To Grow

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Income investing requires patience in selecting quality companies with well-covered distributions, offering high and steady income streams. Western Midstream offers an 8.7% yield, strong operational metrics, and investment-grade credit ratings, supported by fee-based contracts and prudent financial management. W.P. Carey provides a 6.3% yield, high occupancy rates, long lease terms, and inflation-resistant rent escalations, with strategic growth through industrial property acquisitions.

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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: The Unbearable Tightness Of Oxy's Embrace - Yet Still Appealing

Western Midstream Partners, LP has a more than 9.2% dividend yield that the company can afford with its FCF. The company is continuing to grow with its capital spending, with double-digit YoY adjusted EBITDA growth. Going forward, we expect the company to continue generating strong shareholder returns, making WES stock a valuable investment.

Western Midstream Partners: A Great, Almost Double-Digit Yield

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.

Western Midstream: 9% Yield Looks Solid Despite Moderating Growth

MPLX LP and Western Midstream are top MLPs in the Alerian MLP ETF, accounting for over 25% of AMLP's assets under management. Both MPLX and WES offer the highest distribution yields in the MLP sector, with MPLX at 8.14% and WES at 9.16%. I am bullish on both due to their high yields, strong balance sheets, and low valuations, making them ideal for income-seeking portfolios.

MPLX Vs. Western Midstream: Two Highest Yielding MLPs, One Is Superior

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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 ANNOUNCES THIRD-QUARTER POST-EARNINGS INTERVIEW WITH CEO, OSCAR BROWN, AND CFO, KRISTEN SHULTS

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: 9% Yield With Growth Tailwinds From Permian Gas Expansion

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 Partners, LP Common Units (WES) Q3 2024 Earnings Call Transcript

News for Western Gas Partners Stock (WES)