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Western Midstream Partners Lp  (WES)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $35.6000 $-0.11 -0.308%
Day's High: $36.06 Week Perf: 3.4 %
Day's Low: $ 35.59 30 Day Perf: 2.01 %
Volume (M): 1,365 52 Wk High: $ 36.79
Volume (M$): $ 48,594 52 Wk Avg: $28.60
Open: $35.59 52 Wk Low: $24.89



 Market Capitalization (Millions $) 13,620
 Shares Outstanding (Millions) 383
 Employees 2,300
 Revenues (TTM) (Millions $) 3,106
 Net Income (TTM) (Millions $) 1,048
 Cash Flow (TTM) (Millions $) -14
 Capital Exp. (TTM) (Millions $) 1,613

Western Midstream Partners Lp
Western Midstream Partners LP is a midstream energy company that operates in the Western U.S. The company is engaged in gathering, processing, and transporting natural gas and natural gas liquids. Western Midstream Partners was formed in 2018 as a result of a merger between Western Gas Equity Partners and Western Gas Partners LP.

The company operates in some of the most promising natural gas regions in the country, including the Permian Basin, the Eagle Ford Shale, and the Bakken Shale. Western Midstream Partners operates a network of pipelines, storage facilities, and processing plants that allow it to gather and transport natural gas and natural gas liquids to markets across the country.

Western Midstream Partners' operations are divided into three segments: gathering and processing, gas transmission, and liquids transportation and sales. The gathering and processing segment is responsible for the collection, processing, and treating of natural gas and natural gas liquids. The gas transmission segment is responsible for the transportation of natural gas through the company's pipeline network. And the liquids transportation and sales segment is responsible for the transportation and sale of natural gas liquids.

Western Midstream Partners has a strong financial position, with a market capitalization of over $6 billion and a debt-to-equity ratio of just 0.9. The company's revenue was $3.4 billion in 2020, with a net income of $702 million.

The company's management is focused on ensuring that Western Midstream Partners continues to deliver strong earnings and cash flow. To achieve this goal, the company is investing in its infrastructure to expand its pipeline network and enhance its processing and storage capabilities. Additionally, Western Midstream Partners is working closely with its customers to understand their needs and provide customized solutions that meet their specific requirements.

Overall, Western Midstream Partners LP is a well-established energy company that is poised for growth in the coming years. With a strong financial position, a broad portfolio of midstream assets, and a customer-focused approach to doing business, Western Midstream Partners is well-positioned to capitalize on opportunities in the growing natural gas market.


   Company Address: 9950 Woodloch Forest Drive, Suite 2800 The Woodlands, 77380 TX
   Company Phone Number: 786-5000   Stock Exchange / Ticker: NYSE WES
   


   

Stock Performances by Major Competitors

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Western Midstream Partners Lp

Western Midstream Partners LP Soars with Stunning Revenue Surge in Q4 2023



Western Midstream Partners LP, a leading midstream energy company, recently released its financial results for the fourth quarter of 2023. While the company experienced substantial revenue growth, its earnings per share (EPS) declined. This article will interpret the financial results and explore how they may impact Western Midstream Partners LP's future.
Revenue Growth:
Western Midstream Partners LP witnessed a remarkable 10.106% increase in revenue, reaching $858.21 million in the fourth quarter of 2023 compared to the same period the previous year. This positive outcome is an encouraging sign for the company, indicating rising demand and potential market expansion. Analysts note the significant increase in accounts receivable, suggesting a strengthening market for the company's products and services.

Business Update

Western Midstream Partners, LP (NYSE: WES), a leading midstream energy company, recently announced the release of a post-earnings interview with its Senior Vice President and Chief Financial Officer, Kristen Shults, and Vice President of Corporate Development, Jon Greenberg The interview is aimed at providing additional insights related to the company's third quarter 2023 results

Published Mon, Nov 6 2023 12:00 PM UTC

Western Midstream Partners, LP (NYSE: WES), a leading midstream energy company, recently announced the release of a post-earnings interview with its Senior Vice President and Chief Financial Officer, Kristen Shults, and Vice President of Corporate Development, Jon Greenberg. The interview is aimed at providing additional insights related to the company's third quarter 2023 r...

Western Midstream Partners Lp

Western Midstream Partners LP sees substantial bottom-line growth of 5.97% in latest fiscal period

Investors in the stock market have a lot to be pleased about when it comes to Western Midstream Partners LP (NYSE: WES). The company's most recent fiscal period showed some remarkable improvements, painting a rosy picture for the future.
One of the standout achievements of Western Midstream Partners LP is the increase in earnings per share by 5.97% to $0.71. This improvement is a clear indication that the company is heading in the right direction and making smart decisions to boost its profitability. Even with a vanishing revenue of -7.349% to $776.01 million, Western Midstream Partners LP has managed to maintain its upward trajectory.

Dividend

Western Midstream Partners, LP Announces Quarterly Distribution Increase and Demonstrates Consistent Growth

Published Thu, Oct 19 2023 11:00 AM UTC


In a recent press release, Western Midstream Partners, LP (NYSE: WES) has declared a quarterly cash distribution (Base Distribution) of $0.5750 per unit for the third quarter of 2023, reflecting a 2.2% increase compared to the second quarter. This announcement is in line with the Partnership's prior communications regarding distribution increases.
The decision made ...

Western Midstream Partners Lp

Western Midstream Partners LP Reports Soft Revenue and Profit in Q2 2023 Earnings Season, Raising Concerns for Future Performance



The recent financial results of Western Midstream Partners LP have revealed a decline in revenue and profits during the second quarter of the 2023 earnings season. This article will analyze the impact of these results on the company's future performance and prospects.
1. Revenue and Profits Drop in Q2 2023:
In the second quarter of 2023, Western Midstream Partners LP experienced a decrease in both revenue and profits. Income fell by -13.51% to $0.64 per share, while revenue dropped by -15.763% year on year. The revenue generated during this period amounted to $738.27 million, compared to $876.42 million in the same quarter of 2022.






 

Western Midstream Partners Lp's Segments
 
 
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Western Midstream Partners Lp does not provide revenue guidance.

Earnings Outlook
Western Midstream Partners Lp does not provide earnings estimates.

 
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