Welcome to our dedicated page for Western Midstream Partners Lp news (Ticker: WES), a resource for investors and traders seeking the latest updates and insights on Western Midstream Partners Lp stock.
Western Midstream Partners LP (WES) provides essential midstream energy services, including natural gas processing and infrastructure development across key U.S. basins. This page aggregates all WES-related news and press releases, offering stakeholders a centralized resource for tracking operational and financial developments.
Investors and industry professionals will find timely updates on earnings reports, infrastructure expansions, and strategic initiatives. Content spans financial results, asset acquisitions, regulatory compliance updates, and innovations in produced water management. Each update reflects WES's focus on fee-based revenue models and operational efficiency in energy transportation.
Bookmark this page to stay informed about WES's role in connecting upstream production with downstream markets through its critical midstream infrastructure. Check back regularly for verified updates that adhere to financial disclosure standards.
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.
Western Midstream Partners (NYSE: WES) has appointed Oscar K. Brown as President and CEO, replacing Michael Ure who is stepping down after five years of leadership. Brown, an independent director since 2019 with over 30 years of energy sector experience, will remain on the Board. Under Ure's tenure, WES achieved significant organic growth in the Delaware Basin, expanded in the Powder River Basin through the Meritage Midstream acquisition, and returned approximately $4.6 billion to unitholders. The Partnership reaffirmed its 2024 guidance, expecting Adjusted EBITDA of $2.2-2.4 billion and Free Cash Flow of $1.05-1.25 billion, with results anticipated toward the higher end of these ranges.
Western Midstream Partners, LP (NYSE: WES) has announced its third-quarter 2024 distribution and earnings conference call details. The board of directors declared a quarterly cash distribution of $0.8750 per unit, maintaining the same level as the previous quarter. This equates to $3.50 on an annualized basis. The distribution is payable on November 14, 2024, to unitholders of record as of November 1, 2024.
WES will report its Q3 2024 results after market close on November 6, 2024. A conference call is scheduled for November 7, 2024, at 1:00 p.m. Central to discuss the quarterly results. Investors can dial in using the number 800-836-8184 (US) or 646-357-8785 (International). A live audio webcast and replay will be available on the company's website.
Western Midstream Partners (NYSE: WES) has announced a post-earnings interview with CFO Kristen Shults and COO Danny Holderman, to be made available on their website on August 20, 2024. The interview aims to provide additional insights into the company's second-quarter 2024 results. Additionally, WES has disclosed its participation in several investor conferences during the third quarter of 2024, including:
- Barclays CEO Energy Conference (Sept. 4)
- MUFG Oil & Gas Conference (Sept. 5)
- NYSE Energy & Utilities Virtual Investor Access Day (Sept. 10)
- Wolfe Research Utilities, Midstream & Clean Energy Conference (Oct. 2)
- Citadel Securities Energy Investor Days (Oct. 3)
These events provide opportunities for investors to gain further insights into WES's operations and strategy.
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