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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.

Overview

Western Midstream Partners LP (WES) is a comprehensive midstream energy company that owns, operates, acquires, and develops critical energy infrastructure across the United States. As a central participant in the oil and gas midstream sector, WES has established a resilient business model designed to support the gathering, processing, compressing, treating, and transporting of natural gas, crude oil, condensate, and natural gas liquids (NGLs). With strategically located assets in the Rocky Mountains, the Mid-Continent region, North-central Pennsylvania, and Texas, the company is well positioned within the competitive energy transportation and processing landscape.

Core Business Operations

WES’s operations are segmented into several key areas that demonstrate its expertise in the energy midstream sector:

  • Gathering & Processing: The company invests in the infrastructure that gathers raw natural gas and associated liquids from production sites. Through advanced processing facilities, WES treats and compresses these products, ensuring quality and operational efficiency.
  • Transportation & Compression: Utilizing sophisticated pipeline systems, WES transports natural gas, condensate, and crude oil safely and reliably. Its operations not only facilitate the movement of energy products but also stabilize revenue streams by mitigating exposure to commodity price volatility through fee-based contracts.
  • Produced Water Management: Recognizing the challenges of produced water disposal in active basins, WES has developed innovative approaches to gather and dispose of produced water efficiently, contributing to enhanced system operability and sustainable asset utilization.

Market Position and Competitive Advantages

Within the midstream sector, Western Midstream Partners LP distinguishes itself through its robust infrastructure and comprehensive service offerings. The company’s strategic asset locations across diverse geographic regions allow it to service a wide customer base while managing operational risks through diversified revenue sources. By employing a fee-based contract model, WES ensures that a substantial portion of its cash flows remain insulated from the typical volatility associated with oil and gas commodity markets.

The company also demonstrates significant operational expertise by integrating traditional midstream activities with innovative projects, such as establishing new produced water disposal systems that enhance capacity and operational efficiency. Such initiatives underscore its commitment to capital-efficient, organic growth and reflect a deep understanding of the technical challenges within the energy transportation and processing landscape.

Infrastructure and Expertise

WES’s extensive infrastructure includes advanced gathering networks, state-of-the-art processing facilities, and comprehensive pipeline systems. The company’s technical capabilities and strategic geographic footprint are supported by years of industry experience and a strong focus on operational excellence. This allows it to effectively manage the flow of various energy products while addressing challenges such as compression, treatment, and safe environmental disposal of by-products.

Operational Model and Industry Relevance

At the heart of Western Midstream Partners LP’s strategy is its commitment to providing reliable midstream services that are essential to the overall energy value chain. By focusing on areas such as natural gas processing and produced water management, the company not only meets present-day operational needs but also serves as a vital link between upstream production and downstream distribution. The integration of its comprehensive midstream services within diverse geographic markets makes it a key player in the energy infrastructure space, noted for its expertise and operational resilience.

Key Takeaways

  • Integrated Operations: A holistic approach to midstream energy management that spans gathering, processing, transporting, and produced water disposal.
  • Strategic Asset Locations: Investments in key production basins that enhance access to diverse energy resources.
  • Fee-Based Resilience: A business model that emphasizes fee-based contracts to safeguard cash flows against commodity price fluctuations.
  • Innovative Infrastructure: Continuous development of advanced pipeline systems and processing facilities that sustain long-term operational efficiency.

This detailed overview of Western Midstream Partners LP is designed to provide investors, industry professionals, and market researchers with an in-depth understanding of the company’s operational scope, market positioning, and the strategic initiatives it employs in managing midstream energy assets. The content integrates industry-specific terminology and insights to ensure a high level of expertise, reliability, and trustworthiness in line with E-E-A-T principles.

Rhea-AI Summary
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 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 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 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 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 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 Partners, LP announces a 2.2% increase in quarterly cash distribution for the third quarter of 2023
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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 (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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WES to acquire Meritage Midstream Services in an all-cash transaction for $885 million, expanding Powder River Basin asset base and diversifying customer base.
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FAQ

What is the current stock price of Western Midstream Partners Lp (WES)?

The current stock price of Western Midstream Partners Lp (WES) is $41.03 as of April 1, 2025.

What is the market cap of Western Midstream Partners Lp (WES)?

The market cap of Western Midstream Partners Lp (WES) is approximately 15.6B.

What core services does Western Midstream Partners LP provide?

The company specializes in gathering, processing, compressing, treating, and transporting natural gas, crude oil, condensate, and natural gas liquids across diverse regions.

In which regions does WES operate its assets?

WES operates in key U.S. regions including the Rocky Mountains, the Mid-Continent, North-central Pennsylvania, and Texas, enabling wide market coverage.

How does WES mitigate commodity price volatility?

The company employs fee-based contracts that provide stability and protect cash flows against the fluctuations of commodity prices.

What distinguishes WES from other midstream energy companies?

Its comprehensive approach spanning gathering, processing, transportation, and innovative produced water management, combined with strategic asset placement, sets it apart.

What role does produced water management play in its operations?

WES develops advanced systems to gather and safely dispose produced water, ensuring compliance, environmental safety, and improved operational efficiency.

How is the company structured within the energy value chain?

WES acts as a crucial link between upstream production and downstream distribution by managing and processing various energy products through integrated midstream services.
Western Midstream Partners Lp

NYSE:WES

WES Rankings

WES Stock Data

15.61B
380.04M
0.32%
84.87%
1.57%
Oil & Gas Midstream
Natural Gas Transmission
Link
United States
THE WOODLANDS