Eagle Global Reduces Western Midstream Partners, LP (WES) Holdings by 18.8%

Group 1: Company Overview - Western Midstream Partners, LP (NYSE:WES) is a Texas-based midstream energy company with assets in Texas, New Mexico, and the Rocky Mountains, incorporated in 2007 and focused on improving lives through efficient energy delivery [4] Group 2: Financial Performance - The company has a solid dividend yield of over 9%, making it an attractive distribution play, particularly in the Delaware Basin [2] - Eagle Global Advisors LLC trimmed its stake in Western Midstream Partners by 18.8%, now holding 1,925,950 shares, reflecting an ownership of 0.51% and an investment of $74,534,000 [1] Group 3: Strategic Moves - Western Midstream Partners recently entered the water infrastructure market through the acquisition of Aris Water Solutions for $1.5 billion, expected to enhance offerings and contribute to free cash flow in the coming year [3] - The company is well-positioned to benefit from the surging demand for energy needs and data centers [3]