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, LP (NYSE: WES) announced that its subsidiary, Western Midstream Operating, LP, has priced an offering of $800 million in 5.45% senior notes due 2034 at 99.743% of face value. The offering is expected to close on August 20, 2024. Net proceeds will be used to repay a portion of maturing 3.100% and 3.950% Senior Notes due 2025 and for general partnership purposes, including funding capital expenditures. The offering is being managed by TD Securities (USA) , BofA Securities, Inc., MUFG Securities Americas Inc., and PNC Capital Markets . It will be made through a prospectus and related supplement, with copies available from the joint book-running managers or the SEC's website.
Western Midstream Partners, LP (NYSE: WES) has announced the pricing of a secondary public offering of 19,000,000 common units by affiliates of Occidental (NYSE: OXY). The offering is expected to raise $685.9 million in gross proceeds and close on August 14, 2024. Barclays, the sole book-running manager, has been granted a 30-day option to purchase up to 2,850,000 additional units. WES will not receive any proceeds from the sale as it is not selling any units in this offering. The offering is being made through a prospectus supplement and base prospectus, part of a shelf registration statement that became effective on March 30, 2023.
Western Midstream Partners, LP (NYSE: WES) has announced a secondary public offering of 19,000,000 common units by affiliates of Occidental (NYSE: OXY). The Selling Unitholders are granting Barclays, the sole underwriter, a 30-day option to purchase up to 2,850,000 additional units. WES is not selling any units and will not receive proceeds from the offering. The offering is subject to market conditions and there's no guarantee of completion. It will be made through a prospectus supplement and base prospectus, part of a shelf registration statement effective March 30, 2023. Barclays Capital Inc. is managing the offering, with materials available through them or the SEC website.
Western Midstream Partners (NYSE: WES) reported strong Q2 2024 results, with Net income of $369.8 million ($0.97 per unit) and Adjusted EBITDA of $578.1 million. Cash flows from operations reached $631.4 million, generating Free cash flow of $424.8 million. WES announced a Q2 Base Distribution of $0.875 per unit ($3.50 annualized).
Highlights include record throughput in Delaware and DJ Basins, new commercial agreements, and debt reduction. WES reduced total debt by $762.6 million since year-end 2023, achieving its long-term net leverage target of 3.0x earlier than expected. The company expects 2024 Adjusted EBITDA and Free cash flow to trend towards the high end of guidance ranges.
Western Midstream Partners (NYSE: WES) has announced its second-quarter 2024 distribution and earnings conference call details. The company 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 August 14, 2024, to unitholders of record as of August 1, 2024.
WES will report its Q2 2024 results after market close on August 7, 2024. A conference call is scheduled for August 8, 2024, at 1:00 p.m. Central Time to discuss the quarterly results. Investors can access the call via phone or live audio webcast on the company's website. A replay of the call will be available on the website afterward.
Western Midstream Partners (NYSE: WES) announced the availability of its 2023 Schedule K-3 online for unitholders with international tax relevance. The form can be accessed on www.taxpackagesupport.com/westernmidstream. This information is important for a number of unitholders, especially foreign unitholders, those computing a foreign tax credit, and certain corporate or partnership unitholders. Unitholders can also request an electronic copy via email by calling Tax Package Support toll-free at 833-618-2034.
Western Midstream Partners, LP (NYSE: WES) announced an upcoming post-earnings interview with CFO Kristen Shults and SVP Danny Holderman to discuss first-quarter 2024 results. The company will also participate in investor conferences in the second quarter of 2024.
Western Midstream Partners, LP (NYSE: WES) reported first-quarter 2024 Net income of $559.5 million and Adjusted EBITDA of $608.4 million. They also announced a Base Distribution increase and completed a natural-gas processing project. The company is focused on reducing leverage and returning capital to stakeholders.
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