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Western Midstream Partners LP - WES STOCK NEWS

Welcome to our dedicated news page for Western Midstream Partners LP (Ticker: WES), a resource for investors and traders seeking the latest updates and insights on Western Midstream Partners LP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Western Midstream Partners LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Western Midstream Partners LP's position in the market.

Rhea-AI Summary
Western Midstream Partners, LP (NYSE: WES) announced a 52% increase in its quarterly cash distribution for the first quarter of 2024, reaching $0.8750 per unit. The distribution is in line with the Partnership's previous expectations and payable on May 15, 2024. The company will report its first-quarter 2024 results on May 8, 2024, followed by a conference call on May 9, 2024, to discuss the quarterly performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
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Rhea-AI Summary
Western Midstream Partners, LP (WES) announces post-earnings interview and participation in investor conferences. Kristen Shults, Senior VP and CFO, to discuss Q4 2023 results and 2024 guidance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
Tags
conferences earnings
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Rhea-AI Summary
Western Midstream Partners, LP (WES) plans a 52% base distribution increase, divesting non-core assets for $790 million, with a multiple of 9.6 times 2023 Adjusted EBITDA. The 2024 guidance includes Adjusted EBITDA of $2.2-2.4 billion, total capex of $700-850 million, and Free cash flow of $1.05-1.25 billion, with a Base Distribution of at least $3.20 per unit. Management aims to increase the Base Distribution by $0.30 per unit quarterly, starting in Q1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.33%
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none
Rhea-AI Summary
Western Midstream Partners, LP (WES) reported strong financial and operational results for the fourth quarter and full year of 2023. The company achieved record natural-gas throughput and gathered record crude-oil and NGLs throughput. WES also announced successful acquisitions and capital returns to unitholders. Despite positive results, the company reported negative free cash flow after distributions for both the fourth quarter and full year of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.33%
Tags
-
Rhea-AI Summary
Western Midstream Partners, LP (WES) clarifies recent news coverage about a potential sales process. WES has not initiated a sales process or engaged advisors for this purpose. Occidental Petroleum Corporation (Oxy) has shown interest in divesting assets, but details on the assets are unknown.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.04%
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none
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Rhea-AI Summary
Western Midstream Partners, LP (WES) announced a quarterly cash distribution of $0.5750 per unit for the fourth quarter of 2023, payable on February 13, 2024. The Partnership also plans to report its fourth-quarter 2023 results on February 21, 2024, with a conference call scheduled for February 22, 2024. The full text of the release will be available on the Partnership's website. Participants can access the live audio webcast and a replay of the conference call on the website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.63%
Tags
Rhea-AI Summary
Western Midstream Partners, LP (NYSE: WES) announced its participation in the 2024 UBS Global Energy & Utilities Conference. The management team will be present at the event in Park City, Utah on January 9, 2024. The latest earnings call presentation is available on the partnership's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
conferences
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Rhea-AI Summary
Western Midstream Partners, LP (NYSE: WES) announced that it will release a post-earnings interview with Kristen Shults, CFO, and Jon Greenberg, VP of Corporate Development, on its website. The partnership will also participate in several investor conferences in the fourth quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.39%
Tags
conferences earnings
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Rhea-AI Summary
Western Midstream Partners, LP (WES) reported a net income of $270.8 million and adjusted EBITDA of $510.9 million for the third quarter of 2023. Cash flows provided by operating activities were $394.8 million, and free cash flow was $200.4 million. The company announced a 2.2% increase in the base distribution to $0.5750 per unit. They also repurchased 5.1 million common units from Occidental Petroleum Corporation for $127.5 million, reducing Oxy's ownership interest in WES to below 50%. They executed an agreement with a large Delaware Basin customer to increase dedicated acreage and extend the initial term through 2035.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.45%
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Rhea-AI Summary
Western Midstream Partners, LP announces a 2.2% increase in quarterly cash distribution for the third quarter of 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
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Western Midstream Partners LP

NYSE:WES

WES Rankings

WES Stock Data

13.14B
194.20M
0.33%
91.52%
1.54%
Pipeline Transportation of Natural Gas
Transportation and Warehousing
Link
United States
The Woodlands

About WES

western gas holdings, llc is an oil and energy company located in 1201lake robbins dr, the woodlands, texas, united states.