P and Josepar 15 1 hirun Western Midstream (NYSE: WES) is one of the largest midstream companies with a market capitalization of ~$15 billion and substantial integration to Oceidental Petroleum (OXY). The company has an incredibly strong dividend yield of almost 9%, and as we'll see throughout this article, is a valuable long-term investment. Western Midstream Highlights Western Midstream has continued to improve its operations and achieve record flows as even in a weak price environment, the company benefi ...

The construction site for a new gas pipeline. fotokostic As part of my strategy as both an analyst and portfolio manager of my real-money portfolio, I take the following quote to heart: More money has been lost reaching for yield than at the point of a gun. The late Raymond DeVoe Jr. This isn't to say that there are no exceptions to this rule. But for every exception, there are many more examples of high-yield picks not working out. Thus, why it is the rule. A bit of digging, though, can uncover high-yieldi ...

The most recent trading session ended with Western Midstream (WES) standing at $38.86, reflecting a +1.46% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.75% gain on the day. Elsewhere, the Dow saw an upswing of 0.58%, while the tech-heavy Nasdaq appreciated by 1%. The oil and gas transportation and storage company's shares have seen an increase of 1.43% over the last month, surpassing the Oils-Energy sector's loss of 4.12% and falling behind the S&P 500's gain of 4.03% ...

HOUSTON, Aug. 15, 2024 /PRNewswire/ -- Western Midstream Partners, LP (NYSE: WES) ("WES") announced today that its subsidiary, Western Midstream Operating, LP ("WES Operating"), has priced an offering of $800 million in aggregate principal amount of 5.45% senior notes due 2034 at a price to the public of 99.743% of their face value. The offering of the senior notes is expected to close on August 20, 2024 subject to the satisfaction of customary closing conditions. Net proceeds from the offering are expected ...

bjdlzx I published on Western Midstream Partners (NYSE:WES) in early April. A lot has happened since including yesterday's announcement of Occidental Petroleums' (OXY) partial sale. Through the secondary public offering, OXY will sell 19M (with an option of an additional 2.85M) limited units of the approximately 194M total it owns. The offering price remains unknown at the time of writing. WES will neither issue any additional units nor receive any proceeds from the sale. I consider all recent developments ...

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 ...

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 ...

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 ...