Western Midstream Partners (NYSE: WES ) partnership units spent most of the last quarter trading sideways around the $38 level. This is slightly below where they traded at the time of my last articleI retired early after 22 years in the energy industry with roles in engineering, planning, and financial analysis. I have managed my own portfolio since 1998 and have met my goal to match the S+P 500 return over the long term with lower volatility and higher income. I mostly write on positions I already hold or ...

AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCESHOUSTON, Nov. 11, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that tomorrow before the market open it will make available on its website at www.westernmidstream.com a post-earnings interview with Oscar Brown, President & Chief Executive Officer, and Kristen Shults, Senior Vice President and Chief Financial Officer, that provides additional insights related to WES's third-quarter results.In addi ...

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 September 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) | --- | --- | --- | --- | --- | - ...

Reported third-quarter 2024 Net income attributable to limited partners of $281.8 million, generating third-quarter Adjusted EBITDA(1) of $566.9 million. Reported third-quarter 2024 Cash flows provided by operating activities of $551.3 million, generating third-quarter Free cash flow(1) of $365.1 million. Announced a third-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, Nov. 6, 2024 /PRNewswire/ -- ...

In the latest market close, Western Midstream (WES) reached $37.98, with a -1.17% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.27%. Elsewhere, the Dow gained 0.65%, while the tech-heavy Nasdaq added 0.26%. Prior to today's trading, shares of the oil and gas transportation and storage company had gained 0.55% over the past month. This has outpaced the Oils-Energy sector's loss of 9.27% and lagged the S&P 500's gain of 2% in that time. The investment co ...

The latest trading session saw Western Midstream (WES) ending at $38.32, denoting a -1.03% adjustment from its last day's close. This change lagged the S&P 500's 0.18% loss on the day. Meanwhile, the Dow experienced a drop of 0.8%, and the technology-dominated Nasdaq saw an increase of 0.27%.Shares of the oil and gas transportation and storage company have depreciated by 0.08% over the course of the past month, outperforming the Oils-Energy sector's loss of 8.08% and lagging the S&P 500's gain of 4.46%.Mark ...

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HOUSTON, Oct. 17, 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 third quarter of 2024, or $3.50 on an annualized basis, which is in-line with the prior quarter's Base Distribution. WES's third-quarter 2024 Base Distribution is payable on November 14, 2024, to unitholders of record at the close of business on ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Western Midstream (WES) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question. Western Midstream is a member of the Oils-Energy sector. This group includes 242 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Secto ...

Company Performance - Western Midstream (WES) stock closed at $38.51, with a daily increase of +0.65%, outperforming the S&P 500 which fell by 0.93% [1] - The stock has decreased by 0.83% over the past month, underperforming the Oils-Energy sector's decline of 2.51% and lagging behind the S&P 500's gain of 2.17% [1] Upcoming Earnings - The upcoming earnings disclosure is expected to show an EPS of $0.85, representing a 21.43% increase year-over-year [2] - Revenue is projected at $916.7 million, reflecting an 18.13% rise from the same quarter last year [2] Full Year Projections - For the full year, earnings are estimated at $4.16 per share and revenue at $3.69 billion, indicating increases of +60% and +18.88% respectively from the previous year [3] Analyst Estimates - Recent changes in analyst estimates for Western Midstream may indicate shifting business trends, with positive revisions suggesting optimism about the company's outlook [3][4] Valuation Metrics - Western Midstream is currently trading at a Forward P/E ratio of 9.21, which is below the industry average of 19.14 [6] - The company has a PEG ratio of 0.72, compared to the industry average PEG ratio of 0.95 [7] Industry Context - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, to which Western Midstream belongs, is ranked 195 out of over 250 industries, placing it in the bottom 23% [8] - The Zacks Industry Rank indicates that top-rated industries tend to outperform lower-rated ones by a factor of 2 to 1 [8]