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) 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.