WESTERN MIDSTREAM ANNOUNCES FOURTH-QUARTER 2024 DISTRIBUTION AND EARNINGS CONFERENCE CALL

Rhea-AI Summary

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.

Positive

• Maintained steady quarterly distribution of $0.8750 per unit ($3.50 annualized)
• Consistent dividend payment schedule demonstrates financial stability

Negative

• None.

HOUSTON, Jan. 24, 2025 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that the board of directors of its general partner declared a quarterly cash distribution ("Base Distribution") of $0.8750 per unit for the fourth quarter of 2024, or $3.50 on an annualized basis, which is in-line with the prior quarter's Base Distribution. WES's fourth-quarter 2024 Base Distribution is payable on February 14, 2025, to unitholders of record at the close of business on February 3, 2025.

The Partnership plans to report its fourth-quarter and full-year 2024 results after market close on Wednesday, February 26, 2025. Management will host a conference call on Thursday, February 27, 2025, at 1:00 p.m. Central (2:00 p.m. Eastern) to discuss the Partnership's quarterly and full-year results. Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the call. The full text of the release announcing the results will be available on the Partnership's website at www.westernmidstream.com.

Fourth-Quarter and Full-Year 2024 Results
Thursday, February 27, 2025
1:00 p.m. Central (2:00 p.m. Eastern)
Dial-in number: 800-836-8184
International dial-in number: 646-357-8785

To participate in WES's scheduled fourth-quarter and full-year 2024 earnings call, please refer to the above-listed dial-in information. To access the live audio webcast of the conference call, please visit the investor relations section of the Partnership's website at www.westernmidstream.com. A replay of the conference call will also be available on the website following the call.

ABOUT WESTERN MIDSTREAM

Western Midstream Partners, LP ("WES") is a master limited partnership formed to develop, acquire, own, and operate midstream assets. With midstream assets located in Texas, New Mexico, Colorado, Utah, and Wyoming, WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural-gas liquids, and crude oil; and gathering and disposing of produced water for its customers. In its capacity as a natural-gas processor, WES also buys and sells natural gas, natural-gas liquids, and condensate on behalf of itself and its customers under certain gas processing contracts. A substantial majority of WES's cash flows are protected from direct exposure to commodity price volatility through fee-based contracts.

For more information about WES, please visit www.westernmidstream.com.

This news release contains forward-looking statements. WES and its general partner believe that their expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release. These factors include our ability to meet distribution expectations and financial guidance; our ability to safely and efficiently operate WES's assets; the supply of, demand for, and price of oil, natural gas, NGLs, and related products or services; our ability to meet projected in-service dates for capital-growth projects; construction costs or capital expenditures exceeding estimated or budgeted costs or expenditures; and the other factors described in the "Risk Factors" section of WES's most-recent Form 10-K filed with the Securities and Exchange Commission and other public filings and press releases. WES undertakes no obligation to publicly update or revise any forward-looking statements.

Note regarding Non-United States Investors: This release is intended to be a qualified notice under Treasury Regulation Sections 1.1446-4(b) and 1.1446(f)-4. Brokers and nominees should treat one hundred percent (100.0%) of Western Midstream Partners, LP's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Western Midstream Partners, LP's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate. Furthermore, one hundred percent (100.0%) of Western Midstream Partners, LP's distributions to non-U.S. investors is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(iii). Brokers and nominees are treated as withholding agents responsible for withholding on distributions received by them on behalf of non-U.S. investors. The CUSIP number of Western Midstream Partners, LP's common units is 958669 103.

WESTERN MIDSTREAM CONTACTS

Daniel Jenkins
Director, Investor Relations                    
Investors@westernmidstream.com 
866-512-3523

Rhianna Disch
Manager, Investor Relations 
Investors@westernmidstream.com 
866-512-3523

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SOURCE Western Midstream Partners, LP

FAQ

What is Western Midstream's (WES) Q4 2024 distribution amount per unit?

Western Midstream's Q4 2024 distribution is $0.8750 per unit, or $3.50 on an annualized basis.

When will WES pay its Q4 2024 distribution?

WES will pay its Q4 2024 distribution on February 14, 2025, to unitholders of record as of February 3, 2025.

When will Western Midstream (WES) release its Q4 2024 earnings?

Western Midstream will release its Q4 2024 earnings after market close on Wednesday, February 26, 2025.

Has WES changed its quarterly distribution compared to the previous quarter?

No, WES's Q4 2024 distribution of $0.8750 per unit remains in-line with the previous quarter's Base Distribution.