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

Rhea-AI Summary

Western Midstream Partners, LP (NYSE: WES) announced a quarterly cash distribution of $0.311 per unit for the third quarter of 2020. This distribution will be payable on November 13, 2020, to unitholders of record by the close of business on October 30, 2020. WES plans to report its third-quarter results after market close on November 9, followed by a conference call on November 10 at 1 p.m. CST. WES operates midstream assets across various U.S. regions, focusing on the transportation and processing of natural gas and other hydrocarbons.

Positive

• Declared a quarterly cash distribution of $0.311 per unit.
• Distribution is to be payable on November 13, 2020, indicating a commitment to return value to unitholders.

Negative

• None.

HOUSTON, Oct. 20, 2020 /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 third quarter of 2020. WES's third-quarter 2020 distribution is payable November 13, 2020, to unitholders of record at the close of business October 30, 2020.

The Partnership plans to report its third-quarter 2020 results after market close Monday, November 9, 2020. Management will host a conference call Tuesday, November 10, 2020, at 1 p.m. CST (2 p.m. EST) to discuss WES's quarterly results. The full text of the release announcing the results will be available on the Partnership's website at www.westernmidstream.com.

Third-Quarter 2020 Results
Tuesday, November 10, 2020
1 p.m. CST (2 p.m. EST)
Dial-in number: 877-883-0383
International dial-in number: 412-902-6506
Participant access code: 7476557

To participate in WES's scheduled third-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 for two weeks 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 declared by Western Midstream for Q3 2020?

Western Midstream declared a cash distribution of $0.311 per unit for the third quarter of 2020.

When will Western Midstream announce its Q3 2020 earnings?

Western Midstream will announce its Q3 2020 earnings after market close on November 9, 2020.

When is the distribution payable to unitholders?

The distribution is payable on November 13, 2020, to unitholders of record as of October 30, 2020.

What is the date and time of Western Midstream's Q3 earnings conference call?

The Q3 earnings conference call will be held on November 10, 2020, at 1 p.m. CST.