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Western Midstream Partners Lp  (WES)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities


 

Western Midstream Partners Lp

WES's Financial Statements and Analysis



Western Midstream Partners Lp reported in the forth quarter of 2023 net earnings per share of $0.74 a decrease by -13.3 % year on year from $0.85 and an improvement of 3.95 % from $0.71 realized in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 0.74 $  858 Mill
$-0.11     -13.3 % $+79M     +10.11 %



Western Midstream Partners Lp's Revenue rose by 10.11 % in forth quarter of 2023 (Dec 31 2023) year on year, to $858 million and advanced by 10.59 % sequentially.


Western Midstream Partners Lp is

More on WES's Income Statement



Western Midstream Partners Lp's net income of $295.752 million in the forth quarter of 2023 decreased by -14.28 % from net earnings of $345.034 million achieved in IV. Quarter a year ago.

Sequentially net earnings grew by 3.99 % from net income of $284.398 million realized in previous quarter.

More on WES's Growth

Western Midstream Partners Lp Inventories
In Dec 31 2023 company's net cash and cash equivalents decreased by $-217 million

More on WES's Cash flow Statement


Western Midstream Partners Lp payed out dividend of $2.54 per share in last 52 weeks representing 97.32 % of net earning per share in trailing twelve-month period.

During the same period Western Midstream Partners Lp earned $ 4.34 cash per share, on a free-cash flow basis 166.38 % of net earning per share.


Tangible Book value grew to $ -1.79 per share from $ -1.80.

Company repurchased 2.19 million shares or 0.57 % in Dec 31 2023.
Interest Coverage Ratio was 4.02. Debt Coverage Ratio was 0.2.

More on WES's Dividends

 Market Capitalization (Millions) 13,287
 Shares Outstanding (Millions) 383
 Total Debt (Millions $) 7,901
 Revenue (TTM) (Millions $) 3,106
 Net Income (TTM) (Millions $) 1,048
 Cash Flow (TTM) (Millions $) -14
 Capital Exp. (TTM) (Millions $) -1,613
 Dividend TTM ($) 2.54 $
 Dividend Yield TTM (%) 6.74 %
 Employees (TTM) $ 2,300




Western Midstream Partners Lp payed out dividend of $2.54 per share in the last 52 weeks representing 97.32 % of net earning per share in trailing twelve-month period.

During the same period Western Midstream Partners Lp had $ 4.34 cash flow per share, on a free-cash flow basis 166.38 % of net earning per share.


Tangible Book value grew to $ -1.79 per share from $ -1.80.

Company repurchased 2.19 million shares or 0.57 % in Dec 31 2023.
Interest Coverage Ratio was 4.02. Debt Coverage Ratio was 0.2.

More on WES's Balance Sheets

 Market Capitalization (Millions) 13,287
 Shares Outstanding (Millions) 383
 Total Debt (Millions $) 7,901
 Revenue (TTM) (Millions $) 3,106
 Net Income (TTM) (Millions $) 1,048
 Cash Flow (TTM) (Millions $) -14
 Capital Exp. (TTM) (Millions $) -1,613
 Dividend TTM ($) 2.54 $
 Dividend Yield TTM (%) 6.74 %
 Employees (TTM) $ 2,300
   


  News about Western Midstream Partners Lp Earnings

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 sign...

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...

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 Mid...

Western Midstream Partners Lp Reports Slight Revenue Decrease Amidst Impressive 138.23% Return on Equity in Q1 2023

Investors in the stock market will be pleased to know that in its first quarter 2023, Western Midstream Partners Lp has returned on equity (ROE) at a staggering 138.23%. This is significantly above WES's average return on equity, which stood at 0%. This impressive feat has placed Western Midstream Partners Lp at the top of the Natural Gas Utilities industry with the highest return on equity.
Despite the fact that the company's net income appeared to be fading, Western Midstream Partners Lp was still able to improve its ROE compared to the fourth quarter of 2022, proving its resilience in a challenging market. Although Western Midstr...


Date modified: 2024-02-22T09:07:20+00:00





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