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) 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.
Western Midstream Partners, LP (NYSE: WES) announced a quarterly cash distribution of $0.50 per unit for Q1 2022, marking a significant 53% increase from the previous quarter. This aligns with the partnership's target of a $2.00 annualized base distribution. The distribution will be paid on May 13, 2022, to unitholders on record by May 2, 2022. The company will report Q1 results on May 10, 2022, followed by a conference call on May 11, 2022.
Western Midstream Partners, LP (NYSE: WES) will participate in two upcoming investor events: on March 30, 2022, at the US Capital Advisors Midstream Corporate Access Day and on April 12, 2022, at the 2022 Wells Fargo Houston Midstream Management Meetings. The Partnership, established in Delaware, focuses on acquiring, owning, developing, and operating midstream assets. Its operations include gathering and transporting natural gas, crude oil, and produced water across key regions including the Rocky Mountains, Pennsylvania, Texas, and New Mexico.
Western Midstream Partners, LP (WES) announced a post-earnings interview with CEO Michael Ure on its website before the market opens on February 28, 2022, detailing insights into the Q4 and full-year 2021 results. The company will also participate in key industry conferences: the Credit Suisse Energy Summit on February 28 and March 1, the Morgan Stanley Energy and Power Conference on March 2, and the Mizuho Energy Summit on March 15, 2022.