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WESTERN MIDSTREAM ANNOUNCES SECONDARY PUBLIC OFFERING OF COMMON UNITS
Prnewswire· 2024-08-12 20:39
HOUSTON, Aug. 12, 2024 /PRNewswire/ -- Western Midstream Partners, LP (NYSE: WES) ("WES") announced today the commencement of an underwritten secondary public offering of 19,000,000 common units representing limited partner interests in WES ("Common Units") by affiliates of Occidental (NYSE: OXY) (the "Selling Unitholders"). The Selling Unitholders intend to grant Barclays, as the underwriter, a 30-day option to purchase up to 2,850,000 additional Common Units from the Selling Unitholders. WES is not sellin ...
Western Midstream(WES) - 2024 Q2 - Earnings Call Presentation
2024-08-08 21:28
Second-Quarter 2024 Review August 7, 2024 Forward-Looking Statements and Ownership Structure 2 | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...
Western Midstream(WES) - 2024 Q2 - Earnings Call Transcript
2024-08-08 21:14
Western Midstream Partners LP (NYSE:WES) Q2 2024 Earnings Conference Call August 8, 2024 2:00 PM ET Company Participants Daniel Jenkins - Director of IR Michael Ure - CEO Kristen Shults - CFO Conference Call Participants Gabe Moreen - Mizuho Keith Stanley - Wolfe Research Jeremy Tonet - JP Morgan Chase Spiro Dounis - Citi Manav Gupta - UBS Neel Mitra - Bank of America Zach Van Everen - TPH Operator Good afternoon, my name is Ludi and I will be your conference operator today. At this time, I would like to we ...
Western Midstream(WES) - 2024 Q2 - Quarterly Report
2024-08-07 20:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to WESTERN MIDSTREAM PARTNERS, LP WESTERN MIDSTREAM OPERATING, LP (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | --- | --- | ...
Western Midstream(WES) - 2024 Q2 - Quarterly Results
2024-08-07 20:18
EXHIBIT 99.1 Western Midstream NEWS RELEASE WESTERN MIDSTREAM ANNOUNCES SECOND-QUARTER 2024 RESULTS • Reported second-quarter 2024 Net income attributable to limited partners of $369.8 million, generating (1) second-quarter Adjusted EBITDA of $578.1 million. • Reported second-quarter 2024 Cash flows provided by operating activities of $631.4 million, generating (1) second-quarter Free cash flow of $424.8 million. • Announced a second-quarter Base Distribution of $0.875 per unit, or $3.50 per unit on an annu ...
WESTERN MIDSTREAM ANNOUNCES SECOND-QUARTER 2024 RESULTS
Prnewswire· 2024-08-07 20:15
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 ...
8.8% Yield And Investment Grade? I'm All In - Western Midstream
Seeking Alpha· 2024-07-30 11:35
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) Rises Higher Than Market: Key Facts
ZACKS· 2024-07-29 23:06
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 ...
Western Midstream (WES) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-07-22 23:21
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. ...
WESTERN MIDSTREAM ANNOUNCES SECOND-QUARTER 2024 DISTRIBUTION AND EARNINGS CONFERENCE CALL
Prnewswire· 2024-07-18 20:15
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 ...