Dividend Stocks News Western Midstream Partners raises dividend by 12.5% to $0.5625 Jul. Western Midstream Partners last issued its earnings data on August 8th, 2023. Management will host a conference call on Thursday, May 4, 2023, at 1 p.m. CDT (2 p.m. EDT) to discuss the Partnerships quarterly results. Average for period. For all periods presented, includes (i) the 2.0% Occidental subsidiary-owned limited partner interest in WES Operating and (ii) for natural-gas assets, the 25% third-party interest in Chipeta, which collectively represent WESs noncontrolling interests. Calculated as Adjusted gross margin for produced-water assets, divided by total throughput (MBbls/d) attributable to WES for produced-water assets. Western Midstream WES surpassed all of our financial metric expectations for 2021 through continued producer outperformance in the Delaware Basin, commercial success in contracting additional third-party volumes, and sustainable cost savings, said Michael Ure, President and Chief Executive Officer. WES defines Adjusted EBITDA as net income (loss), plus (i) distributions from equity investments, (ii) non-cash equity-based compensation expense, (iii) interest expense, (iv) income tax expense, (v) depreciation and amortization, (vi) impairments, and (vii) other expense (including lower of cost or market inventory adjustments recorded in cost of product), less (i) gain (loss) on divestiture and other, net, (ii) gain (loss) on early extinguishment of debt, (iii) income from equity investments, (iv) interest income, (v) income tax benefit, (vi) other income, and (vii) the noncontrolling interest owners proportionate share of revenues and expenses. This represents a $2.25 annualized dividend and a dividend yield of 8.22%. www.westernmidstream.com A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release. Learn more on WES's earnings history. WES Announces Second-Quarter Post-Earnings Interview and Upcoming Investor Conferences, Western Midstream Announces Second-Quarter 2023 Results, Western Midstream Announces Second-Quarter 2023 Distribution Increase and Earnings Conference Call, Western Midstream Announces Availability of 2022 Schedule K-3, Western Midstream Announces Sanctioning of New Cryogenic Plant and Updated 2023 Guidance, Reported fourth-quarter 2021 Net income attributable to limited partners of $238.2 million, generating fourth-quarter Adjusted EBITDA, Reported full-year 2021 Net income attributable to limited partners of $896.5 million, generating full-year Adjusted EBITDA, Reported fourth-quarter 2021 Cash flows provided by operating activities of $661.9 million, generating fourth-quarter Free cash flow, Reported full-year 2021 Cash flows provided by operating activities of $1.767 billion, generating full-year Free cash flow. Why Is Oncolytics Biotech Inc. (NASDAQ: ONCY) Falling? Our equity investments diversify our portfolio and provide us with stability and an expanded customer base. Achieved full-year cash distribution guidance of $1.24 per unit or greater, resulting in the payment of $533.8 million. Western Midstream Partners's dividend payout ratio is presently 84.27%. While Western Midstream Partners currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. Weve pulled the company together and, for the first time, Western Midstream issued its own ESG report in late 2020. As a business interested in broadening its customer base and diversifying its revenue streams, the company is also active in the gathering and disposal of produced water for its customers. Western Midstream Partners, LP Announces Distribution for the Second-Quarter of 2023 Distribution, Payable on August 14, 2023; Provides Dividend Guidance for the Year 2023. What You Didnt Know About Newell Brands Inc. (NASDAQ: NWL) This Week, BP p.l.c.s Stock Price Plummeted Recently, But There Might Be Trouble Ahead. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Institutional investors and hedge funds own 43.35% of the company's stock. Western Midstream Announces Second-Quarter 2023 Distribution Increase and Earnings Conference Call WES announced that the board of directors of its general partner declared a quarterly cash distribution of $0.5625 per unit for the second quarter of 2023. We think it is important to continue strengthening our balance sheet and putting ourselves in a position where we maintain the flexibility to evaluate acquisitions and make strategic investments.. Western Midstream Western Midstream Waiting is the Better Play, The Wealth Pulse That Sweeps Wall Street at 9:30AM, 7 Bank Stocks That Make Great Long-Term Investments, [BREAKING] New "Living Missile" to Replace Nuclear Missiles, 7 Concrete Stocks That Can Help You Cement Profits, View 8 Best Artificial Intelligence Stocks Under $10, View 3 High Dividend REITs That Analysts Are Bullish On, View 3 Growing Cannabis Stocks Ready To Bloom. Duff & Phelps Investment Management Co. Has $16.51 Million Western Midstream Gain / Loss Calculations. WES announced it will make available on its website a post-earnings interview with Kristen Shults, Senior Vice President and Chief Financial Officer, to provide additional insights related to first-quarter 2023 results. Will Apple's iPhone 15 Launch & AI Innovations Spark New Uptrend? The enhanced distribution is subject to any continuing cash reserve requirements as determined by the Board. Western Midstream Guidance - Western Midstream Investor Presentation The company's guidance is for $2.175 billion in adjusted EBITDA with $7.5 billion in long-term debt. The pipeline company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). 08/08/2023. Get the Latest News and Ratings for Your Stocks. By providing your email address below, you are providing consent to Western Midstream to send you the requested Investor Email Alert updates. In its capacity as a gas processor, Western also buys and sells gas, NGLs Today, Enbridge, Plains All-American Pipeline, L.P. and Western Midstream Partners, L.P. announced that Enbridge and Plains have purchased Western Midstreams 15% ownership share in the 670,000-barrel-a-day Cactus II pipeline, which travels 575 miles from Wink, TX to Ingleside, for an aggregate $265 million. Full-year 2021 total natural-gas throughput(1) averaged 4.1 Bcf/d, representing a 3-percent decrease from full-year 2020. Finding success as a newly launched, standalone entity against the backdrop of the Covid-19 pandemic would not have been possible, Craig argues, without the support of a proud, diligent and highly-skilled workforce. Western Midstream Partners has a 12 month low of $23.24 and a 12 month high of $29.18. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Enter your email address below to receive the latest news and earnings results for WES and its competitors with MarketBeat's FREE daily newsletter. Having already increased its quarterly cash distribution to around five per cent, the business recently communicated to investors that it expects to achieve an EBITDA between $1.825 billion and $1.925 billion for 2021, while capital expenditure will sit between $275 million and $375 million. The expected in-service date is the end of the fourth quarter of 2024. Western Midstream As part of the Partnerships financial policy, the Board has authorized a buyback program of up to $1.0 billion of the Partnerships common units through December 31, 2024 (the Purchase Program). 326 E 8th St #105, Sioux Falls, SD 57103 The result is a greener, more positive environmental impact for Western Midstream and its producers. In this role, Shults will Full-year 2022 distributions of at least $2.00 per unit. Please log in to your account or sign up in order to add this asset to your watchlist. CI. This news release contains forward-looking statements. Western Midstream Partners LP (WES) has reported a second-quarter net income attributable to limited partners of $247.1 million, or $0.64 per diluted common unit, compared to $300 million, or $0. Analysts are projecting the companys earnings per share (EPS) to be $0.66, which is expected to increase to $0.83 for fiscal year $2.57 and then to about $3.06 by fiscal year 2024. contact@marketbeat.com Kirkland Advises NorthRiver Midstream Inc. on US$850 Million Formerly known as Western Gas Partners, the firm became a standalone midstream entity in 2020 and has since enjoyed 18 months of transformational success. 4Q22 Western Midstream Partners Earnings Conference Call. Read Our Latest Report on Western Midstream Partners. Immediately commencing a new $1.0 billion opportunistic unit repurchase program to complement a new annual enhanced distribution framework commencing in first-quarter 2023. Enbridge acquired 10% and Plains acquired 5% of Cactus II, with each paying a proportionate share of the purchase price. The business earned $738.90 million during the quarter, compared to analyst estimates of $795.73 million. In its capacity as a natural-gas processor, WES also buys and sells natural gas, natural-gas liquids, and condensate on behalf of itself and as an agent for its customers under certain contracts. Live 9.3K Favorites | TuneIn Another key differentiator for Western Midstream is the companys focus on the environment. Western Midstream Partners WES had $141 million of excess cash in 2022 and met the leverage target, resulting in a special distribution of $0.356 to be paid on 5/15/2023. Debt-to-Adjusted EBITDA (trailing twelve months). Commencing a new $1.0 billion common unit repurchase program to be executed opportunistically through 2024 as a complement to the Enhanced Distribution. WES | July 21, 2023. Duff & Phelps Investment Management Co. Has $16.51 Million The Company is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas, gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil, and gathering and disposing of The Western Midstream Partners LP (NYSE: WES) Stock Price: Is It Local. Western Midstream With 41 processing and treating facilities and 4,160 miles of pipeline, our assets are located in the heart of the Delaware Basin, one of the most-active basins in the US. WebAnalysts Offer Insights on Industrial Goods Companies: JB Hunt (JBHT), Watsco (WSO) and Western Midstream Partners (WES) April 18, 2023TipRanks. Here are five of the best ways to profit from the AI boom. WES and its general partner believe that their expectations are based on reasonable assumptions. The stock's 50 day moving average price is $27.24 and its 200 day moving average price is $26.70. 27: FA Western Midstream Partners Ups Quarterly Base Distribution by 12.5% to $0.5625/Unit, Payable Aug. 14 to Holders on July 31 Jul. Click the link below to learn when Elon Musk will let these companies finally IPO. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 50% Buy. Please send any questions or comments about this story to contact@marketbeat.com. Anadarko DJ Gas Processing LLC, a The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter. No assurance, however, can be Full-year 2021 total throughput for crude-oil and NGLs assets(1) averaged 659 MBbls/d, representing a 6-percent decrease from full-year 2020. WebMay 22, 2023. At Western Midstream, we promise to treat your data with respect and will not share your information with any third party. Western Midstream announced second-quarter 2023 financial and operating results. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.39, while the 7-day volatility ratio is showing 2.68% which for the 30-day chart, stands at 2.50%. WES will host a conference call on Wednesday, May 11, 2022, at 2:00 p.m. Central Time (3:00 p.m. Eastern Time) to discuss first-quarter 2022 results. Stifel Nicolaus lowered their price target on Western Midstream Partners from $33.00 to $32.00 in a research report on Thursday, May 11th. Its a business that really differentiates us from most of our gas-and-oil-focused competitors in the Delaware Basin.. The company through its subsidiary is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil. News & Insights; Kirkland Advises NorthRiver Midstream Inc. on US$850 Million Senior Secured Term Loan Facility and Amendment to Existing C$400 Million Western Midstream Partners To participate in WESs scheduled fourth-quarter and full-year 2022 earnings call, refer to the above-listed dial-in number and participant access code. Biden To Unleash "Choke Point" Operation On America? Mr. Ure The companys Forward Dividend Ratio is 2.25, with its dividend yield at 8.22%. WESs management believes that its expectations are based on reasonable assumptions. Go Paperless. 07/21/2023. Waiting is the Better Play, Earnings Estimates and Acutals by Quarter Chart Description, Estimated Revenue and Actual Revenue by Quarter Chart Description, A 73-Year-Old Market Signal With 95% Accuracy Just Flashed, Free Stock Analysis Report:Buy Sell Hold Predictions on Any Stock. All of these items could significantly impact such financial measures. .q4default .bwalignc { text-align: center; list-style-position: inside }.q4default .bwalignl { text-align: left }.q4default .bwalignr { text-align: right; list-style-position: inside }.q4default .bwblockalignl { margin-left: 0px; margin-right: auto }.q4default .bwcellpmargin { margin-bottom: 0px; margin-top: 0px }.q4default .bwlistdisc { list-style-type: disc }.q4default .bwpadl0 { padding-left: 0px }.q4default .bwpadl2 { padding-left: 10px }.q4default .bwpadl4 { padding-left: 20px }.q4default .bwpadr0 { padding-right: 0px }.q4default .bwrowaltcolor0 { background-color: #cceeff }.q4default .bwsinglebottom { border-bottom: solid black 1pt }.q4default .bwtablemarginb { margin-bottom: 10px }.q4default .bwuline { text-decoration: underline }.q4default .bwvertalignb { vertical-align: bottom }.q4default .bwvertalignt { vertical-align: top }.q4default .bwwidth10 { width: 10% }.q4default .bwwidth100 { width: 100% }.q4default .bwwidth12 { width: 12% }.q4default .bwwidth2 { width: 2% }.q4default .bwwidth44 { width: 44% }.q4default .bwwidth72 { width: 72% }.q4default .bwwidth8 { width: 8% }, Announces 2022 Guidance and Annual Enhanced Distribution Framework. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. WES opened at $27.36 on Monday. WebLive. Based on these price targets, the low is 12.28% off current price, whereas the price has to move -31.58% to reach the yearly target high. Pipeline & Gas Journal / August 2023, Vol. Western Midstream Western Midstream Partners has a 12 month low of $23.24 and a 12 month high of $29.18. What Ross Stores Earnings Say About The Saver Shopping Economy. We remain committed to maintaining a disciplined approach to capital spending, operating our assets safely, and delivering exceptional customer service.. The Company is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas, gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil, and gathering and disposing of Western Midstream Partners LP acquires, owns, develops and operates midstream assets. You must click the activation link in order to complete your subscription. Fourth-quarter 2021 total throughput for produced-water assets(1) averaged 792 MBbls/d, representing an 8-percent sequential-quarter increase and a 21-percent increase from fourth-quarter 2020. Improving lives through safe, sustainable, and efficient energy delivery. 1:00 p.m. CST (2:00 p.m. EST) Dial-in number: 888-770-7129. International dial-in number: 929-203-2109. Western Midstream Received an upgrade for WES Operatings long-term debt to BBB- from Standard & Poors, returning the Partnership to investment-grade. How much revenue does Western Midstream Partners generate each year? Western Midstream Announces Fourth-Quarter and Full-Year 2022 Results HOUSTON, February 22, 2023--Today Western Midstream Partners, LP (NYSE: WES) , August 14, 2023. The CUSIP number of Western Midstream Partners, LPs common units is 958669 103. And it's about to change everything we know about everything. Western Midstream Partners has not confirmed its next earnings publication date, but the company's estimated earnings date is Wednesday, November 1st, 2023 based off last year's report dates. If you continue to use this site we will assume that you are happy with it. In Western Midstream Announces Second-Quarter Post-Earnings Interview With Chief Financial Officer, Kristen Shults and SVP, Southern Operations, Danny Holderman and Participation in Upcoming Investor Conferences. Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. WESs management believes that its expectations are based on reasonable assumptions. Western Midstream Partners has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Wednesday, November 1st, 2023 based off prior year's report dates. Western Midstream Occidental to cut Western Midstream stake to reduce Listen to Conference Call, The conference call transcript for Western Midstream Partners's latest earnings report can be read online. The data on short interest also indicates that stock shorts accounted for 4.91 million shares as on Jul 30, 2023, resulting in a short ratio of 6.84. For more information about Western Midstream Partners, LP and Western Midstream Flash Feed updates, please visit www.westernmidstream.com. US Capital Advisors Research Analysts Lower Earnings Estimates The Purchase Program does not obligate the Partnership to purchase any specific dollar amount or number of units and may be suspended or discontinued at any time. To access the live audio webcast of the conference call, please visit the investor relations section of the Partnerships website at www.westernmidstream.com. WESTERN MIDSTREAM PARTNERS, LP : Ex-dividend day for Jul. In the meantime, 0 analyst(s) believe the stock as Underweight and 1 think it is a Sell.
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