H 11 L B TH the E 0 the t in I t t 11 # onurdongel Western Midstream (NYSE:WES) reported some sizable gains in income for the second quarter of 2024. Evidently, the results and the common unit price were good enough for Occidental Petroleum (OXY) to register to sell some units (click on August 12 announcement). Normally, when the main controlling entity wants to sell, that is a bearish signal because an insider is indicating to the public that the insider is getting a good price for the stock. However, Occi ...

Core Viewpoint - Western Midstream Partners, LP (WES) has announced a secondary public offering of 19,000,000 common units by affiliates of Occidental, with an option for the underwriter to purchase an additional 2,850,000 units [1] Company Overview - Western Midstream Partners, LP is a master limited partnership focused on developing, acquiring, owning, and operating midstream assets across Texas, New Mexico, Colorado, Utah, and Wyoming [4] - The company engages in gathering, compressing, treating, processing, and transporting natural gas, as well as handling condensate, natural-gas liquids, and crude oil [4] - A significant portion of WES's cash flows is secured through fee-based contracts, minimizing exposure to commodity price volatility [4] Offering Details - The offering is underwritten by Barclays, which will act as the sole book-running manager [2] - WES will not sell any common units in this offering and will not receive any proceeds from the sale [1] - The offering is subject to market conditions, and there is no guarantee regarding its completion [1]

Reported second-quarter 2024 Net income attributable to limited partners of $369.8 million, generating second-quarter Adjusted EBITDA(1) of $578.1 million. Reported second-quarter 2024 Cash flows provided by operating activities of $631.4 million, generating second-quarter Free cash flow(1) of $424.8 million. Announced a second-quarter Base Distribution of $0.875 per unit, or $3.50 per unit on an annualized basis, which is in-line with the prior-quarter's Base Distribution. HOUSTON, Aug. 7, 2024 /PRNewswire ...

L B TH the E 0 the t in I t t 11 # onurdongel It's often said everything happens in cycles. There was a time when bell-bottom jeans were popular, then there was a time when they were completely out of fashion, and now they've worked their way back into the trend again. The cyclical nature of human society and culture can be seen in a number of different areas — fashion being one of the easiest. Old ideas become new, then old again, and the cycle goes on. There's no exception to this when it comes to hot top ...

Western Midstream (WES) closed the latest trading day at $40.37, indicating a +1.41% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.12%, and the technology-dominated Nasdaq saw an increase of 0.07%. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.08 per share and revenue of $3.65 billion, indicating changes of +56.92% and +17.49%, respectively, compared to the previous yea ...

In the latest trading session, Western Midstream (WES) closed at $42.74, marking a +1.62% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1.08%. Meanwhile, the Dow gained 0.32%, and the Nasdaq, a tech-heavy index, added 1.58%. The investment community will be paying close attention to the earnings performance of Western Midstream in its upcoming release. The company is slated to reveal its earnings on August 7, 2024. The company's upcoming EPS is projected at $0. ...

HOUSTON, July 18, 2024 /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 ("Base Distribution") of $0.8750 per unit for the second quarter of 2024, or $3.50 on an annualized basis, which is in-line with the prior quarter's Base Distribution. WES's second-quarter 2024 Base Distribution is payable on August 14, 2024, to unitholders of record at the close of business on ...

In the latest market close, Western Midstream (WES) reached $41.77, with a +0.05% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.64%. On the other hand, the Dow registered a gain of 1.85%, and the technology-centric Nasdaq increased by 0.2%. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.11 per share and a revenue of $3.65 billion, representing changes of +58.08% and +17.52%, respectively, from the prior year. In ...

Heading into today, shares of the oil and gas transportation and storage company had gained 7.74% over the past month, outpacing the Oils-Energy sector's loss of 11.98% and the S&P 500's gain of 4.44% in that time. For the full year, the Zacks Consensus Estimates are projecting earnings of $4.10 per share and revenue of $3.65 billion, which would represent changes of +57.69% and +17.52%, respectively, from the prior year. Our research demonstrates that these adjustments in estimates directly associate with ...

Western Midstream largely provides transportation to either long-distance connections or a gathering service, after which a competitor transports the production to a customer or for export. Shown below are the major products that are gathered and transported. When Occidental gained control of this midstream company, the center of operations was the DJ Basin. That's the one that has been upgraded and rationalized the most. On the other hand, the Delaware Basin is much more favorably located for natural gas e ...