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 reports news on a master limited partnership that develops, acquires, owns, and operates midstream energy assets in Texas, New Mexico, Colorado, Utah, and Wyoming. The partnership gathers, compresses, treats, processes, and transports natural gas; gathers, stabilizes, and transports condensate, NGLs, and crude oil; and provides produced-water gathering, transportation, recycling, treatment, and disposal services.
Recurring WES updates cover operating and financial results, throughput trends, capital spending, distributable cash flow, quarterly common-unit distributions, and management commentary after earnings. Company news also includes midstream contract amendments, common-unit and capital-structure actions, investor-conference participation, and produced-water expansion following the completed Aris Water Solutions acquisition.
Western Midstream Partners, LP (NYSE: WES) announced a quarterly cash distribution of $0.311 per unit for the third quarter of 2020. This distribution will be payable on November 13, 2020, to unitholders of record by the close of business on October 30, 2020. WES plans to report its third-quarter results after market close on November 9, followed by a conference call on November 10 at 1 p.m. CST. WES operates midstream assets across various U.S. regions, focusing on the transportation and processing of natural gas and other hydrocarbons.
Western Midstream Partners, LP (NYSE: WES) announced significant changes to its Board of Directors, reducing its size from eleven to eight members. New independent directors Kenneth F. Owen, David J. Schulte, and Lisa A. Stewart were appointed. The company expressed gratitude to departing members for their contributions amidst recent industry challenges. Additionally, Michael C. Pearl stepped down as CFO, with Michael P. Ure assuming his responsibilities temporarily. Ure praised Pearl's impactful leadership since October 2019, contributing to WES's transition into a standalone enterprise.
Western Midstream Partners (NYSE: WES) announced that CEO Michael Ure will participate in a Q&A session at the Bank of America Fall Virtual Energy Summit on August 26, 2020, at 12:00 p.m. EDT. To provide further insights on second-quarter results, an interview with Ure will be posted on the company's website on August 24, 2020. Western Midstream is involved in acquiring and operating midstream assets across various locations, including Texas and New Mexico, focusing on natural gas, liquids, and crude oil services.
Western Midstream Partners, LP (NYSE: WES) reported second-quarter 2020 results with a net income of $267.6 million, equating to $0.60 per unit diluted. Adjusted EBITDA reached $514.4 million. Notable achievements include record Delaware Basin produced-water throughput of 773 MBbls/d and oil throughput of 202 MBbls/d. The partnership executed repurchases of Senior Notes totaling $64.5 million.
The second-quarter distribution remains unchanged at $0.3110 per unit. Guidance indicates Adjusted EBITDA between $1.85 billion and $1.90 billion for the year, with capital expenditures projected between $400 million and $450 million.
Western Midstream Partners, LP (WES) announced a quarterly cash distribution of $0.311 per unit for Q2 2020, payable on August 13, 2020 to unitholders of record by July 31, 2020. The Partnership will report second-quarter results on August 10, 2020, followed by a conference call on August 11, 2020 at 1 p.m. CDT. WES operates midstream assets in regions including the Rocky Mountains and Texas, focusing on natural gas and crude oil transportation.