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 (NYSE: WES) has announced two key updates. First, the company will release a pre-market post-earnings interview with CFO Kristen Shults on their website tomorrow, providing additional insights into their Q1 2025 results. Second, WES will participate in three upcoming investor conferences:
• TPH&Co. Hotter 'N Hell 2025 in Houston (May 14-15)
• The 22nd Annual Energy Infrastructure CEO & Investor Conference in Aventura (May 21-22)
• Citi's 2025 Natural Resources Conference in Las Vegas (August 12-13)
Western Midstream Partners (NYSE: WES) has appointed Robert G. Phillips as an independent member of its general partner's board of directors. Phillips brings over 47 years of midstream industry experience, having recently retired as Founder, Chairman, and CEO of Crestwood Equity Partners following its merger with Energy Transfer LP in 2023. Under his leadership, Crestwood grew to over $7.1 billion in enterprise value through organic growth and M&A activities.
Phillips will serve on the board's Compensation Committee and Special Committee. His appointment brings the total board membership to eight, with four independent directors. Phillips currently serves as an independent director at South Bow Corporation and Enstor Inc., and previously co-chaired the ESG Committee of the Energy Infrastructure Council.
Western Midstream Partners (NYSE: WES) has declared a quarterly cash distribution of $0.910 per unit for Q1 2025, equivalent to $3.64 per unit annually. This represents a 4-percent increase from the previous quarter's distribution and aligns with the company's previously announced expectations.
The distribution will be paid on May 15, 2025, to unitholders of record as of May 2, 2025. The Partnership will announce its first-quarter 2025 results after market close on May 7, 2025, followed by a conference call on May 8, 2025, at 9:00 a.m. Central time to discuss quarterly and full-year results.
Western Midstream Partners (NYSE: WES) has announced it will release a post-earnings interview with CFO Kristen Shults and SVP Commercial Jon VandenBrand before market open tomorrow. The interview will be available on the company's website and will provide additional insights into WES's fourth-quarter 2024 results and 2025 outlook.
The company also announced its participation in several upcoming investor conferences in Q1 and Q2 2025, including: Barclays IG Energy & Utilities Corporate Days (Virtual) on March 5, NYSE Virtual Energy & Utilities Day on March 20, US Capital Advisors Midstream Corporate Access Day on April 2, and The Energy Infrastructure CEO & Investor Conference in Aventura, Florida on May 20-22.
Western Midstream Partners (NYSE: WES) reported strong financial results for Q4 and full-year 2024. The company achieved Q4 net income of $325.9 million ($0.85 per unit) and full-year net income of $1.537 billion ($4.02 per unit). Adjusted EBITDA reached $590.7 million in Q4 and $2.344 billion for the full year, exceeding guidance.
Key operational highlights include record annual natural-gas throughput of 5.1 Bcf/d (16% year-over-year increase), crude-oil and NGLs throughput of 530 MBbls/d (12% increase), and produced-water throughput of 1,124 MBbls/d (11% increase). The company divested non-core assets for $794.8 million and commenced operations of the 300 MMcf/d Mentone III processing train.
WES maintained its quarterly Base Distribution at $0.875 per unit ($3.50 annualized) and returned $1.246 billion to unitholders in 2024. The company also announced the construction of the Pathfinder pipeline, supported by a new long-term agreement with Occidental for produced-water handling.
Western Midstream Partners (NYSE: WES) has announced major infrastructure developments and 2025 guidance. The company has sanctioned the construction of the Pathfinder pipeline, a 42-mile, 30-inch steel pipeline capable of transporting over 800 MBbls/d of produced water in the Delaware Basin.
Key highlights include:
- New agreement with Occidental Petroleum for up to 280 MBbls/d of firm gathering and transportation capacity
- 2025 Adjusted EBITDA guidance of $2.350-2.550 billion (5% increase from 2024)
- Capital expenditures guidance of $625.0-775.0 million
- Free Cash Flow guidance of $1.275-1.475 billion
- Planned Base Distribution increase to $0.910 per unit ($3.64 annualized)
The $400-450 million infrastructure investment includes nine new saltwater disposal facilities and is expected to be operational by January 1, 2027.
Western Midstream Partners (WES) has declared a quarterly cash distribution of $0.8750 per unit for Q4 2024, maintaining the same Base Distribution as the previous quarter. This represents $3.50 on an annualized basis. The distribution will be paid on February 14, 2025, to unitholders of record as of February 3, 2025.
The Partnership has scheduled its fourth-quarter and full-year 2024 earnings release for February 26, 2025, after market close, followed by a conference call on February 27, 2025, at 1:00 p.m. Central time to discuss the results.
Western Midstream Partners (NYSE: WES) announced that it will release a post-earnings interview featuring CEO Oscar Brown and CFO Kristen Shults, available on its website on November 12, 2024. This interview will provide further insights into the company's third-quarter results. Additionally, WES will participate in several upcoming investor conferences:
- BofA Securities Global Energy Conference in Houston, TX on November 12, 2024
- Wells Fargo 23rd Annual Midstream & Utilities Symposium in New York, NY on December 10-11, 2024
- UBS Global Energy & Utilities Conference in Park City, UT on January 13-14, 2025
Western Midstream Partners (NYSE: WES) reported third-quarter 2024 results with net income of $281.8 million and Adjusted EBITDA of $566.9 million. The company generated $551.3 million in operating cash flow and $365.1 million in free cash flow. A base distribution of $0.875 per unit was announced, consistent with the previous quarter. Record throughput was achieved in the Delaware Basin and Powder River Basin. The company issued $800 million in senior notes and plans to repay 2025 notes. Despite strong operational performance, profitability declined due to lower commodity prices and higher expenses. Fourth-quarter guidance includes increased Adjusted EBITDA and steady throughput growth. Western Midstream's leverage ratio met the year-end target of 3.0 times, supporting future capital allocation strategies.