Western Midstream Announces Third-Quarter 2021 Distribution Increase And Earnings Conference Call

Rhea-AI Summary

Western Midstream Partners, LP (WES) announced a quarterly cash distribution of $0.323 per unit for Q3 2021, reflecting a 1.3% increase from the prior quarter and supporting an annualized growth of 5%. This distribution is payable on November 12, 2021, to unitholders on record by November 1, 2021. The partnership plans to report its Q3 2021 results after market close on November 9, 2021, followed by a conference call on November 10 at 1 p.m. CST.

Positive

• Quarterly cash distribution increased by 1.3%.
• Annualized distribution growth projected at 5%.

Negative

• None.

HOUSTON, Oct. 22, 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 $0.323 per unit for the third quarter of 2021. This distribution represents a 1.3-percent increase over the prior quarter's distribution and is consistent with an annualized distribution growth of 5-percent. WES's third-quarter 2021 distribution is payable November 12, 2021, to unitholders of record at the close of business November 1, 2021.

The Partnership plans to report its third-quarter 2021 results after market close Tuesday, November 9, 2021. Management will host a conference call Wednesday, November 10, 2021, 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 2021 Results
Wednesday, November 10, 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: 9861840

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 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.

This news release contains forward-looking statements. WES and its general partner believe that their expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release. These factors include our ability to meet distribution expectations and financial guidance; the timeline for a full recovery in commodity demand and prices; our ability to safely and efficiently operate WES's assets; the supply of, demand for, and price of oil, natural gas, NGLs, and related products or services; our ability to meet projected in-service dates for capital-growth projects; construction costs or capital expenditures exceeding estimated or budgeted costs or expenditures; and the other factors described in the "Risk Factors" section of WES's most-recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission and other public filings and press releases. WES undertakes no obligation to publicly update or revise any forward-looking statements.

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
Senior Vice President, Finance and Communications
Kristen.Shults@westernmidstream.com 
832.636.1009

Daniel Jenkins
Director, Investor Relations                     
Daniel.Jenkins@westernmidstream.com 
832.636.1009

Shelby Keltner
Manager, Investor Relations
Shelby.Keltner@westernmidstream.com 
832.636.1009

 

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SOURCE Western Midstream Partners, LP

FAQ

What is the cash distribution for Western Midstream Partners (WES) in Q3 2021?

The cash distribution for Q3 2021 is $0.323 per unit.

When will Western Midstream Partners (WES) announce its third-quarter 2021 results?

WES will announce its third-quarter 2021 results after market close on November 9, 2021.

What is the date for the distribution payment for WES's third-quarter 2021?

The distribution is payable on November 12, 2021.

When is the conference call for Western Midstream Partners (WES) regarding earnings?

The conference call is scheduled for November 10, 2021, at 1 p.m. CST.