Western Midstream Announces Fourth-Quarter 2020 Distribution And Earnings Conference Call

Rhea-AI Summary

Western Midstream Partners, LP (WES) announced a quarterly cash distribution of $0.311 per unit for Q4 2020, payable on February 12, 2021. Unitholders of record as of February 1, 2021 will receive this distribution. The Partnership will report its Q4 and full-year results on February 23, 2021, followed by a conference call on February 24, 2021, at 1 p.m. CST. WES engages in midstream activities across several U.S. regions, including natural gas processing and crude oil transportation.

Positive

• Quarterly cash distribution of $0.311 per unit announced.
• Upcoming earnings report on February 23, 2021, may provide positive financial insights.

Negative

• None.

HOUSTON, Jan. 18, 2021 /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 of $0.311 per unit for the fourth quarter of 2020. WES's fourth-quarter 2020 distribution is payable February 12, 2021, to unitholders of record at the close of business February 1, 2021.

The Partnership plans to report its fourth-quarter and full-year 2020 results after market close Tuesday, February 23, 2021. Management will host a conference call Wednesday, February 24, 2021, at 1 p.m. CST (2 p.m. EST) to discuss WES's quarterly and full-year results. 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 2020 Results
Wednesday, February 24, 2021
1 p.m. CST (2 p.m. EST)
Dial-in number: 877-883-0383
International dial-in number: 412-902-6506
Participant access code: 7882576

To participate in WES's scheduled fourth-quarter earnings call, refer to the above-listed dial-in number and participant access code. 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 also will be available on the website following the call.

ABOUT WESTERN MIDSTREAM

Western Midstream Partners, LP ("WES") is a Delaware master limited partnership formed to acquire, own, develop, and operate midstream assets. With midstream assets located in the Rocky Mountains, North-central Pennsylvania, Texas, and New Mexico, WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, NGLs, and crude oil; and gathering and disposing of produced water for its customers. In addition, in its capacity as a processor of natural gas, WES also buys and sells natural gas, NGLs, and condensate on behalf of itself and as an agent for its customers under certain of its contracts.

For more information about Western Midstream Partners, LP and Western Midstream Flash Feed updates, please visit www.westernmidstream.com.

Note regarding Non-United States Investors: This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). 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.

WESTERN MIDSTREAM CONTACTS

Kristen Shults 
Vice President, Investor Relations and Communications
Kristen.Shults@westernmidstream.com 
832.636.6000

Abby Dempsey
Investor Relations Supervisor
Abby.Dempsey@westernmidstream.com 
832.636.6000

 

 

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SOURCE Western Midstream Partners, LP

FAQ

What is the cash distribution amount announced by Western Midstream (WES) for Q4 2020?

Western Midstream announced a cash distribution of $0.311 per unit for Q4 2020.

When is the distribution payable for Western Midstream (WES)?

The distribution is payable on February 12, 2021, to unitholders of record as of February 1, 2021.

When will Western Midstream (WES) report its fourth-quarter 2020 results?

WES will report its fourth-quarter and full-year results after market close on February 23, 2021.

What is the schedule for Western Midstream's (WES) earnings conference call?

The earnings conference call is scheduled for February 24, 2021, at 1 p.m. CST.