Western Midstream Partners Lp Stock Price, News & Analysis

Western Midstream Partners, LP (NYSE: WES) announced a quarterly cash distribution of $0.50 per unit for Q3 2022, consistent with the previous quarter and in line with the annualized target of $2.00 per unit. The distribution will be payable on November 14, 2022, to unitholders of record by October 31, 2022. The Partnership will report its Q3 results post-market on November 2, 2022, followed by a conference call on November 3, 2022, at 1 p.m. CDT.

Western Midstream Partners, LP (NYSE: WES) announced a letter of intent with Occidental Petroleum Corporation (NYSE: OXY) to explore low-carbon intensity oil and gas production. The collaboration focuses on developing carbon dioxide (CO₂) capture, transportation, and sequestration services in Texas and Colorado. Oxy plans to install carbon capture facilities on its upstream activities, while WES will do the same at its natural gas plants. This partnership aims to enhance sustainability and provide carbon management services to other emitters, reinforcing the companies' commitment to reducing greenhouse gas emissions.

Western Midstream Partners, LP (NYSE: WES) announced the availability of its 2021 Schedule K-3, which includes items relevant for international tax reporting. Unitholders needing this information can access it at www.taxpackagesupport.com/westernmidstream. This document is particularly important for foreign unitholders or those claiming foreign tax credits. Unitholders can also request an electronic copy by calling Tax Package Support at 833-618-2034.

Western Midstream Partners (NYSE: WES) announced a post-earnings interview on August 15, 2022, featuring CFO Kristen Shults and ESG Director Kamal Govender, with insights on Q2 results. Key investor conferences include the Citi One-on-One on August 16-17, Barclays on September 7, NYSE Energy on September 14, and Pickering on September 15. An updated investor presentation will be available on their website.

Western Midstream Partners reported second-quarter 2022 net income of $299.6 million, with adjusted EBITDA hitting a record $548.3 million. Cash flow from operating activities amounted to $467.0 million, resulting in free cash flow of $372.1 million.

The partnership processed record natural gas throughput of 1.5 Bcf/d, a 13% increase. Year-to-date, WES repurchased 17.1 million units for $425.4 million. A quarterly distribution of $0.50 per unit will be paid on August 12, 2022. The company emphasizes ongoing throughput growth in the Delaware Basin and robust capital return strategies.

Western Midstream Partners announced a quarterly cash distribution of $0.50 per unit for Q2 2022, maintaining its previous quarter's payout and aligning with its annual distribution target of $2.00 per unit. The distribution will be paid on August 12, 2022, to unitholders recorded by August 1, 2022. The company is set to release its second-quarter results on August 3, 2022, followed by a conference call on August 4, 2022. This ongoing commitment to distributions reflects WES's operational stability and performance in the midstream sector.

Western Midstream Partners, LP (WES) will host a post-earnings interview with CFO Kristen Shults and COO Craig Collins after market close on May 13, 2022. The interview will discuss insights from the first-quarter results. Additionally, CEO Michael Ure and Director of Investor Relations Daniel Jenkins will participate in the Energy Infrastructure Council Investor Conference on May 16 and 17, followed by sessions at the J.P. Morgan Energy, Power, and Renewables Conference on June 22. WES operates midstream assets across various states, including Texas and New Mexico.

Western Midstream Partners (NYSE: WES) reported a record first-quarter 2022 Net income of $301.9 million, with Adjusted EBITDA of $539.1 million. Cash flows from operations reached $276.5 million, and Free cash flow totaled $200.3 million. The company increased its 2022 Adjusted EBITDA guidance to $2.125 billion-$2.225 billion and maintained a distribution guidance of at least $2.00 per unit. Recent agreements with major clients and significant capital expenditures signal increased production capacity and expected growth, despite slight decreases in throughput for natural gas, crude oil, and NGLs.

Western Midstream Partners, LP (NYSE: WES) announced the appointment of Kristen Shults as Senior Vice President and Chief Financial Officer, effective May 2, 2022. Shults, who joined WES in 2019, will oversee Finance, Investor Relations, Communications, Sustainability, and Accounting teams. CEO Michael Ure praised her contributions in enhancing operational efficiency and returning value to stakeholders through debt reduction and unit buybacks. Shults expressed confidence in the team's talent and commitment to sustainability and operational excellence, aiming to drive future growth.