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 (NYSE: WES) is a master limited partnership that develops, acquires, owns, and operates midstream assets supporting natural gas, liquids, and produced-water handling. News about WES often centers on its financial performance, capital allocation decisions, and strategic midstream developments across Texas, New Mexico, Colorado, Utah, and Wyoming.
Company press releases highlight quarterly earnings results, including metrics such as net income attributable to limited partners, Adjusted EBITDA, cash flows provided by operating activities, free cash flow, and throughput volumes for natural gas, crude oil, NGLs, and produced water. WES also announces its quarterly cash distributions per unit and provides details on earnings conference calls and post-earnings interviews with senior finance and commercial leaders.
Another key theme in WES news is corporate and financing activity. Recent items include the completion of the acquisition of Aris Water Solutions, Inc., which WES describes as solidifying its position as one of the largest three-stream midstream, flow-assurance providers in the Delaware Basin, and the issuance of senior notes through its subsidiary Western Midstream Operating, LP. Filings and press releases describe how proceeds from these notes are expected to be used to refinance existing debt, repay commercial paper borrowings, and fund capital expenditures.
Investors following WES news can also find updates on investor conference participation, where the partnership presents its outlook and discusses its midstream operations and produced-water management capabilities. This news page aggregates such announcements, providing a single location to review WES’s earnings communications, distribution declarations, transaction updates, and other material developments disclosed through press releases and related SEC filings.
Western Midstream Partners, LP (NYSE: WES) announced on August 12, 2021, a cash tender offer to purchase up to $500 million in senior notes. This tender offer includes several series of notes, with specific acceptance priority levels and a maximum sub-cap of $400 million for the 3.950% and 3.100% Senior Notes due 2025. The offers will expire on September 9, 2021, with an early tender deadline of August 25, 2021. The Partnership aims to fund the offers through cash on hand and credit facility borrowings to retire debt.
Western Midstream Partners, LP (WES) reported strong financial results for Q2 2021, with net income available to limited partners at $226.3 million, equivalent to $0.55 per common unit (diluted). Adjusted EBITDA reached $491.1 million, alongside operating cash flows of $452.1 million and a free cash flow of $379.8 million. The Partnership achieved record gas throughput of 1.4 Bcf/d, a 5% increase from the previous quarter. They also initiated a long-term gas gathering agreement with Crestone Peak Resources. WES plans to increase capital expenditure expected for 2021, reaffirming an annual distribution growth of 5%, now at $0.319 per unit.
Western Midstream Partners, LP (WES) announced a quarterly cash distribution of $0.319 per unit for Q2 2021, reflecting a 1.3% increase from the previous quarter and aligning with a 5% annualized growth. This distribution will be paid on August 13, 2021, to unitholders of record by July 30, 2021. The company will report its second-quarter results on August 9, 2021, and host a conference call to discuss the results on August 10, 2021 at 1 p.m. CDT.
Western Midstream Partners, LP (WES) will host a post-earnings interview on May 17, 2021, featuring CEO Michael Ure, providing insights into first-quarter performance. The company will also participate in the 2021 Energy Infrastructure Council Investor Conference on May 19-20, and the UBS Global Oil and Gas Virtual Conference on May 25, 2021. WES focuses on midstream asset operations, including gathering and transporting natural gas and crude oil across key regions like Texas and Pennsylvania.
Western Midstream Partners, LP (WES) reported first-quarter 2021 financial results with a net income of $181.8 million, equating to $0.44 per common unit. The Partnership achieved Adjusted EBITDA of $443.1 million and cash flows from operating activities of $261.6 million. Notably, WES repaid $431 million of Senior Notes and repurchased over 1.1 million common units. Additionally, a distribution of $0.315 per unit was declared, marking a 1.3% increase from the previous quarter. Despite challenges from Winter Storm Uri, management remains optimistic about throughput and EBITDA growth in 2021.
Western Midstream Partners, LP (NYSE: WES) declared a quarterly cash distribution of $0.315 per unit for Q1 2021, representing a 1.3% increase over the previous quarter. This aligns with a projected 5% annualized growth rate. The distribution is payable on May 14, 2021, to unitholders of record by April 30, 2021. CEO Michael Ure emphasized improved financial flexibility and a commitment to debt repayment and stakeholder value. Additionally, WES continues its buyback program with $250 million authorization through December 31, 2021.
Western Midstream Partners, LP (NYSE: WES) has priced an underwritten secondary public offering of 10 million common units, up from an expected 8 million, generating gross proceeds of $173.5 million. The offering is set to close on March 25, 2021, pending customary conditions. An option for underwriters to purchase an additional 1.5 million units is also included. WES will not receive proceeds from this offering as it is conducted by an affiliate of Occidental Petroleum, and no units are being sold by WES itself.
Western Midstream Partners, LP (NYSE: WES) has announced a secondary public offering of 8,000,000 common units by an affiliate of Occidental Petroleum Corporation. The underwriter, BofA Securities, has a 30-day option to purchase an additional 1,200,000 units. WES will not receive any proceeds from this offering. The offering is subject to market conditions and the completion date is uncertain. Interested parties can obtain more information through the prospectus supplement and base prospectus available at the SEC's website.
Western Midstream Partners (WES) announced that Michael Ure, President and CEO, will participate in a Q&A session at the Bank of America Spring Virtual Energy Summit on March 18, 2021, at 2:00 p.m. EST. WES, a Delaware master limited partnership, focuses on acquiring and operating midstream assets across various locations, including Texas and New Mexico. The company engages in natural gas processing, transportation, and other related services. For further details, visit westernmidstream.com.
Western Midstream Partners, LP (NYSE: WES) announced the filing of its Annual Report on Form 10-K for the fiscal year ending December 31, 2020, with the SEC. The report includes audit financial statements and can be accessed on the company's website. WES operates midstream assets across several states, engaged in gathering, processing, and transporting natural gas and related products. Unitholders can request hard copies by contacting investor relations.