Western Midstream Partners Lp Stock Price, News & Analysis

Western Midstream Partners, LP (WES) reported strong third-quarter 2021 results with net income of $250.2 million ($0.61 per common unit) and an Adjusted EBITDA of $531.6 million. Cash flows from operations reached $391.3 million, generating a Free cash flow of $320.0 million. The company executed a successful debt tender offer, repaying $500 million in notes, lowering annualized borrowing costs by $20.6 million. A distribution of $0.323 per unit reflects a 1.3% increase from the prior quarter. However, natural gas and crude oil throughput showed a sequential decline of 4% and 7%, respectively.

Western Midstream Partners, LP (WES) announced a quarterly cash distribution of $0.323 per unit for Q3 2021, reflecting a 1.3% increase from the prior quarter and supporting an annualized growth of 5%. This distribution is payable on November 12, 2021, to unitholders on record by November 1, 2021. The partnership plans to report its Q3 2021 results after market close on November 9, 2021, followed by a conference call on November 10 at 1 p.m. CST.

Western Midstream Partners, LP (WES) announced the early tender results of its cash tender offers, aimed at purchasing up to $500 million of outstanding senior notes. As of August 25, 2021, valid tenders were received for various series of notes, with the Maximum Principal Amount fully subscribed by specific notes, including 3.950% and 3.100% Senior Notes due in 2025. The Offers are set to expire on September 9, 2021. Note holders are entitled to receive a $30 early tender premium, and no 4.500% or 4.750% Senior Notes will be accepted for purchase.

Western Midstream Partners, LP (WES) announced a post-earnings interview with CEO Michael Ure to be available on its website after market close on August 16, 2021. This interview aims to provide insights into the company’s second-quarter results. Ure, along with COO Craig Collins, will participate in one-on-one sessions at the Citi 2021 One-on-One Midstream/Energy Infrastructure Virtual Conference on August 18-19, and Ure will also engage in a fireside chat at the Barclays CEO Energy-Power Conference on September 8, 2021.

Western Midstream Partners, LP (NYSE: WES) announced on August 12, 2021, a cash tender offer to purchase up to $500 million in senior notes. This tender offer includes several series of notes, with specific acceptance priority levels and a maximum sub-cap of $400 million for the 3.950% and 3.100% Senior Notes due 2025. The offers will expire on September 9, 2021, with an early tender deadline of August 25, 2021. The Partnership aims to fund the offers through cash on hand and credit facility borrowings to retire debt.

Western Midstream Partners, LP (WES) reported strong financial results for Q2 2021, with net income available to limited partners at $226.3 million, equivalent to $0.55 per common unit (diluted). Adjusted EBITDA reached $491.1 million, alongside operating cash flows of $452.1 million and a free cash flow of $379.8 million. The Partnership achieved record gas throughput of 1.4 Bcf/d, a 5% increase from the previous quarter. They also initiated a long-term gas gathering agreement with Crestone Peak Resources. WES plans to increase capital expenditure expected for 2021, reaffirming an annual distribution growth of 5%, now at $0.319 per unit.

Western Midstream Partners, LP (WES) announced a quarterly cash distribution of $0.319 per unit for Q2 2021, reflecting a 1.3% increase from the previous quarter and aligning with a 5% annualized growth. This distribution will be paid on August 13, 2021, to unitholders of record by July 30, 2021. The company will report its second-quarter results on August 9, 2021, and host a conference call to discuss the results on August 10, 2021 at 1 p.m. CDT.

Western Midstream Partners, LP (WES) will host a post-earnings interview on May 17, 2021, featuring CEO Michael Ure, providing insights into first-quarter performance. The company will also participate in the 2021 Energy Infrastructure Council Investor Conference on May 19-20, and the UBS Global Oil and Gas Virtual Conference on May 25, 2021. WES focuses on midstream asset operations, including gathering and transporting natural gas and crude oil across key regions like Texas and Pennsylvania.