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Western Midstream Partners Lp - WES STOCK NEWS

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 (WES) provides essential midstream energy services, including natural gas processing and infrastructure development across key U.S. basins. This page aggregates all WES-related news and press releases, offering stakeholders a centralized resource for tracking operational and financial developments.

Investors and industry professionals will find timely updates on earnings reports, infrastructure expansions, and strategic initiatives. Content spans financial results, asset acquisitions, regulatory compliance updates, and innovations in produced water management. Each update reflects WES's focus on fee-based revenue models and operational efficiency in energy transportation.

Bookmark this page to stay informed about WES's role in connecting upstream production with downstream markets through its critical midstream infrastructure. Check back regularly for verified updates that adhere to financial disclosure standards.

News

WESTERN MIDSTREAM ANNOUNCES 2024 GUIDANCE AND NON-CORE ASSET SALES FOR AGGREGATE PROCEEDS OF $790 MILLION

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.
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WESTERN MIDSTREAM ANNOUNCES FOURTH-QUARTER AND FULL-YEAR 2023 RESULTS

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Western Midstream Partners, LP (WES) reported strong financial and operational results for the fourth quarter and full year of 2023. The company achieved record natural-gas throughput and gathered record crude-oil and NGLs throughput. WES also announced successful acquisitions and capital returns to unitholders. Despite positive results, the company reported negative free cash flow after distributions for both the fourth quarter and full year of 2023.
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WESTERN MIDSTREAM STATEMENT REGARDING RECENT MEDIA COVERAGE

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Western Midstream Partners, LP (WES) clarifies recent news coverage about a potential sales process. WES has not initiated a sales process or engaged advisors for this purpose. Occidental Petroleum Corporation (Oxy) has shown interest in divesting assets, but details on the assets are unknown.
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WESTERN MIDSTREAM ANNOUNCES FOURTH-QUARTER 2023 DISTRIBUTION AND EARNINGS CONFERENCE CALL

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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.
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WESTERN MIDSTREAM ANNOUNCES PARTICIPATION IN UPCOMING INVESTOR CONFERENCE

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Western Midstream Partners, LP (NYSE: WES) announced its participation in the 2024 UBS Global Energy & Utilities Conference. The management team will be present at the event in Park City, Utah on January 9, 2024. The latest earnings call presentation is available on the partnership's website.
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Western Midstream Announces Third-Quarter Post-Earnings Interview With Chief Financial Officer, Kristen Shults and VP, Corporate Development, Jon Greenberg and Participation in Upcoming Investor Conferences

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Western Midstream Partners, LP (NYSE: WES) announced that it will release a post-earnings interview with Kristen Shults, CFO, and Jon Greenberg, VP of Corporate Development, on its website. The partnership will also participate in several investor conferences in the fourth quarter of 2023.
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Western Midstream Announces Third-Quarter 2023 Results

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Western Midstream Partners, LP (WES) reported a net income of $270.8 million and adjusted EBITDA of $510.9 million for the third quarter of 2023. Cash flows provided by operating activities were $394.8 million, and free cash flow was $200.4 million. The company announced a 2.2% increase in the base distribution to $0.5750 per unit. They also repurchased 5.1 million common units from Occidental Petroleum Corporation for $127.5 million, reducing Oxy's ownership interest in WES to below 50%. They executed an agreement with a large Delaware Basin customer to increase dedicated acreage and extend the initial term through 2035.
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Western Midstream Announces Third-Quarter 2023 Distribution Increase and Earnings Conference Call

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Western Midstream Partners, LP announces a 2.2% increase in quarterly cash distribution for the third quarter of 2023
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Western Midstream Announces Closing of Meritage Midstream Acquisition

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Western Midstream Partners, LP (NYSE: WES) announces acquisition of Meritage Midstream Services II, LLC, funded with cash and recent $600 million investment grade senior notes issuance. The acquisition expands WES's asset footprint in the Powder River Basin and includes long-term contracts. Management plans to recommend a Base Distribution increase for Q3 2023.
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Western Midstream Partners, LP Announces Pricing of Notes Offering

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Western Midstream Partners, LP (WES) announced an offering of $600 million in senior notes due 2029. The offering is expected to close on September 29, 2023. Proceeds will be used for the pending acquisition of Meritage Midstream Services II, LLC. The offering is not contingent on the acquisition.
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Western Midstream Partners Lp

NYSE:WES

WES Rankings

#519 Ranked by Market Cap
#238 Ranked by Dividends

WES Stock Data

14.54B
380.04M
0.32%
84.87%
1.57%
Oil & Gas Midstream
Natural Gas Transmission
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United States
THE WOODLANDS