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WGP - $WGP STOCK NEWS

Welcome to our dedicated page for WGP news (Ticker: $WGP), a resource for investors and traders seeking the latest updates and insights on WGP stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect WGP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of WGP's position in the market.

Rhea-AI Summary
Western Midstream Partners, LP (WES) plans a 52% base distribution increase, divesting non-core assets for $790 million, with a multiple of 9.6 times 2023 Adjusted EBITDA. The 2024 guidance includes Adjusted EBITDA of $2.2-2.4 billion, total capex of $700-850 million, and Free cash flow of $1.05-1.25 billion, with a Base Distribution of at least $3.20 per unit. Management aims to increase the Base Distribution by $0.30 per unit quarterly, starting in Q1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.33%
Tags
none
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Rhea-AI Summary
Western Midstream Partners, LP (WES) announced a quarterly cash distribution of $0.5750 per unit for the fourth quarter of 2023, payable on February 13, 2024. The Partnership also plans to report its fourth-quarter 2023 results on February 21, 2024, with a conference call scheduled for February 22, 2024. The full text of the release will be available on the Partnership's website. Participants can access the live audio webcast and a replay of the conference call on the website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.63%
Tags
WGP

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