Western Midstream Partners Lp Stock Price, News & Analysis

Western Midstream Partners (NYSE: WES) reported strong Q1 2025 results with net income of $301.8 million ($0.79 per unit) and Adjusted EBITDA of $593.6 million. The company achieved $530.8 million in operating cash flows and $399.4 million in Free Cash Flow. Key highlights include record Delaware Basin natural-gas throughput of 2.0 Bcf/d and completion of the North Loving plant, adding 250 MMcf/d processing capacity. WES announced a 4% increase in quarterly distribution to $0.910 per unit ($3.64 annualized). The company maintained strong operational metrics with natural-gas throughput averaging 5.1 Bcf/d and crude-oil/NGLs throughput at 503 MBbls/d. Despite market volatility, WES maintains its 2025 guidance and continues to focus on cost reduction, balance sheet strength, and strategic growth projects.

Western Midstream Partners (NYSE: WES) has appointed Robert G. Phillips as an independent member of its general partner's board of directors. Phillips brings over 47 years of midstream industry experience, having recently retired as Founder, Chairman, and CEO of Crestwood Equity Partners following its merger with Energy Transfer LP in 2023. Under his leadership, Crestwood grew to over $7.1 billion in enterprise value through organic growth and M&A activities.

Phillips will serve on the board's Compensation Committee and Special Committee. His appointment brings the total board membership to eight, with four independent directors. Phillips currently serves as an independent director at South Bow Corporation and Enstor Inc., and previously co-chaired the ESG Committee of the Energy Infrastructure Council.

Western Midstream Partners (NYSE: WES) has declared a quarterly cash distribution of $0.910 per unit for Q1 2025, equivalent to $3.64 per unit annually. This represents a 4-percent increase from the previous quarter's distribution and aligns with the company's previously announced expectations.

The distribution will be paid on May 15, 2025, to unitholders of record as of May 2, 2025. The Partnership will announce its first-quarter 2025 results after market close on May 7, 2025, followed by a conference call on May 8, 2025, at 9:00 a.m. Central time to discuss quarterly and full-year results.

Western Midstream Partners (NYSE: WES) has announced it will release a post-earnings interview with CFO Kristen Shults and SVP Commercial Jon VandenBrand before market open tomorrow. The interview will be available on the company's website and will provide additional insights into WES's fourth-quarter 2024 results and 2025 outlook.

The company also announced its participation in several upcoming investor conferences in Q1 and Q2 2025, including: Barclays IG Energy & Utilities Corporate Days (Virtual) on March 5, NYSE Virtual Energy & Utilities Day on March 20, US Capital Advisors Midstream Corporate Access Day on April 2, and The Energy Infrastructure CEO & Investor Conference in Aventura, Florida on May 20-22.

Western Midstream Partners (NYSE: WES) reported strong financial results for Q4 and full-year 2024. The company achieved Q4 net income of $325.9 million ($0.85 per unit) and full-year net income of $1.537 billion ($4.02 per unit). Adjusted EBITDA reached $590.7 million in Q4 and $2.344 billion for the full year, exceeding guidance.

Key operational highlights include record annual natural-gas throughput of 5.1 Bcf/d (16% year-over-year increase), crude-oil and NGLs throughput of 530 MBbls/d (12% increase), and produced-water throughput of 1,124 MBbls/d (11% increase). The company divested non-core assets for $794.8 million and commenced operations of the 300 MMcf/d Mentone III processing train.

WES maintained its quarterly Base Distribution at $0.875 per unit ($3.50 annualized) and returned $1.246 billion to unitholders in 2024. The company also announced the construction of the Pathfinder pipeline, supported by a new long-term agreement with Occidental for produced-water handling.

Western Midstream Partners (NYSE: WES) has announced major infrastructure developments and 2025 guidance. The company has sanctioned the construction of the Pathfinder pipeline, a 42-mile, 30-inch steel pipeline capable of transporting over 800 MBbls/d of produced water in the Delaware Basin.

Key highlights include:

• New agreement with Occidental Petroleum for up to 280 MBbls/d of firm gathering and transportation capacity
• 2025 Adjusted EBITDA guidance of $2.350-2.550 billion (5% increase from 2024)
• Capital expenditures guidance of $625.0-775.0 million
• Free Cash Flow guidance of $1.275-1.475 billion
• Planned Base Distribution increase to $0.910 per unit ($3.64 annualized)

The $400-450 million infrastructure investment includes nine new saltwater disposal facilities and is expected to be operational by January 1, 2027.

Western Midstream Partners (WES) has declared a quarterly cash distribution of $0.8750 per unit for Q4 2024, maintaining the same Base Distribution as the previous quarter. This represents $3.50 on an annualized basis. The distribution will be paid on February 14, 2025, to unitholders of record as of February 3, 2025.

The Partnership has scheduled its fourth-quarter and full-year 2024 earnings release for February 26, 2025, after market close, followed by a conference call on February 27, 2025, at 1:00 p.m. Central time to discuss the results.

Western Midstream Partners (NYSE: WES) announced that it will release a post-earnings interview featuring CEO Oscar Brown and CFO Kristen Shults, available on its website on November 12, 2024. This interview will provide further insights into the company's third-quarter results. Additionally, WES will participate in several upcoming investor conferences:

• BofA Securities Global Energy Conference in Houston, TX on November 12, 2024
• Wells Fargo 23rd Annual Midstream & Utilities Symposium in New York, NY on December 10-11, 2024
• UBS Global Energy & Utilities Conference in Park City, UT on January 13-14, 2025

Western Midstream Partners (NYSE: WES) reported third-quarter 2024 results with net income of $281.8 million and Adjusted EBITDA of $566.9 million. The company generated $551.3 million in operating cash flow and $365.1 million in free cash flow. A base distribution of $0.875 per unit was announced, consistent with the previous quarter. Record throughput was achieved in the Delaware Basin and Powder River Basin. The company issued $800 million in senior notes and plans to repay 2025 notes. Despite strong operational performance, profitability declined due to lower commodity prices and higher expenses. Fourth-quarter guidance includes increased Adjusted EBITDA and steady throughput growth. Western Midstream's leverage ratio met the year-end target of 3.0 times, supporting future capital allocation strategies.