| Market Capitalization (Millions $) |
19,844 |
| Shares
Outstanding (Millions) |
401 |
| Employees |
1,704 |
| Revenues (TTM) (Millions $) |
4,050 |
| Net Income (TTM) (Millions $) |
1,255 |
| Cash Flow (TTM) (Millions $) |
199 |
| Capital Exp. (TTM) (Millions $) |
1,190 |
Business Description
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
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83.07 %