Western Midstream Partners, LP (WES)
| Market Cap | 14.25B |
| Revenue (ttm) | 3.53B |
| Net Income (ttm) | 1.49B |
| Shares Out | 380.56M |
| EPS (ttm) | 3.91 |
| PE Ratio | 9.57 |
| Forward PE | 10.96 |
| Dividend | $3.50 (9.35%) |
| Ex-Dividend Date | Nov 1, 2024 |
| Volume | 1,033,119 |
| Open | 37.81 |
| Previous Close | 37.80 |
| Day's Range | 37.13 - 37.83 |
| 52-Week Range | 26.81 - 42.80 |
| Beta | 2.82 |
| Analysts | Hold |
| Price Target | 36.63 (-2.16%) |
| Earnings Date | Nov 6, 2024 |
About WES
Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water. The company also buys and sells natural gas, NGLs, and condensate. It operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. Western Mids... [Read more]
Financial Performance
In 2023, WES's revenue was $3.11 billion, a decrease of -4.47% compared to the previous year's $3.25 billion. Earnings were $998.53 million, a decrease of -16.06%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for WES stock is "Hold." The 12-month stock price forecast is $36.63, which is a decrease of -2.16% from the latest price.
News
Western Midstream: The Unbearable Tightness Of Oxy's Embrace - Yet Still Appealing
Western Midstream offers a high, tax-deferred yield and strong fundamentals, with potential for increased distributions and enhanced payouts in 2025. WES's affiliation with Occidental Petroleum (OXY) ...
Western Midstream Partners: A Great, Almost Double-Digit Yield
Western Midstream Partners, LP has a more than 9.2% dividend yield that the company can afford with its FCF. The company is continuing to grow with its capital spending, with double-digit YoY adjusted...
Western Midstream: 9% Yield Looks Solid Despite Moderating Growth
Western Midstream Partners continues to hit throughput records in the Delaware basin, but slower growth is expected going forward. With the moderation in growth, I am slightly reducing my projections ...
MPLX Vs. Western Midstream: Two Highest Yielding MLPs, One Is Superior
MPLX LP and Western Midstream are top MLPs in the Alerian MLP ETF, accounting for over 25% of AMLP's assets under management. Both MPLX and WES offer the highest distribution yields in the MLP sector,...
10-12% Yields: The More They Drop, The More I Buy
The market has been soaring lately due to Fed rate cuts, lowered recession fears, and a Republican sweep of the November elections. However, there are still some very compelling high-yield opportuniti...
Capitalize On The Dip: Two Durable 9% Yields To Load Up Your Income Portfolio
High-yield stocks can fall due to non-dividend sustainability reasons, presenting opportunities for income investors to lock in attractive yields. In this article, I have identified two picks, which n...
Buy The Dip: Big Dividend Growth Stocks Getting Way Too Cheap
High-yield dividend growth stocks have been on a strong run over the past four months. However, there are several that have not participated in the rally and have even dipped sharply in some cases. We...
WESTERN MIDSTREAM ANNOUNCES THIRD-QUARTER POST-EARNINGS INTERVIEW WITH CEO, OSCAR BROWN, AND CFO, KRISTEN SHULTS
AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES HOUSTON , Nov. 11, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that tomorrow before ...
Western Midstream: 9% Yield With Growth Tailwinds From Permian Gas Expansion
Western Midstream offers a high 9% yield, benefiting from rising gas production in the Permian Basin. The company is expanding its gas gathering and processing capacity, particularly in the Delaware B...
Western Midstream Partners, LP Common Units (WES) Q3 2024 Earnings Call Transcript
Western Midstream Partners, LP Common Units (NYSE:WES) Q3 2024 Earnings Conference Call November 7, 2024 2:00 PM ET Company Participants Daniel Jenkins - Director of Investor Relations Oscar Brown - ...
WESTERN MIDSTREAM ANNOUNCES THIRD-QUARTER 2024 RESULTS
Reported third-quarter 2024 Net income attributable to limited partners of $281.8 million, generating third-quarter Adjusted EBITDA(1) of $566.9 million. Reported third-quarter 2024 Cash flows provide...
Structuring Portfolio To Achieve Durable 7% Yield With 7% Income Growth
One of the main drawbacks of high durable income investing is the opportunity cost that comes from reduced income growth potential. However, as I have shown in this article, by being very selective, i...
WESTERN MIDSTREAM APPOINTS OSCAR BROWN AS PRESIDENT AND CHIEF EXECUTIVE OFFICER
Michael Ure Steps Down Following Successful Transformation of Western Midstream into Leading Midstream Operator Partnership Reaffirms 2024 Adjusted EBITDA and Free Cash Flow Guidance HOUSTON , Oct. 28...
Path To $10,000 Of Annual Income In 5 Years Through SWAN Dividend Investing
In this article, I explore the potential path on how one could achieve $10,000 of annual portfolio income in just a 5-year period by accumulating a capital base from zero. I provide a sample portfolio...
Very Good News For Big Dividend Infrastructure Stocks
Big dividend infrastructure stocks have surged recently. We discuss the two major catalysts for this surge. We also share several opportunities that remain very attractive in the space.
Market Bargains: 3 Dividend Stocks With Double-Digit Return Potential
This year has been profitable for many investors, with major assets like gold and the S&P 500 showing significant gains despite challenges in the market. Valuations are becoming a concern as prices ri...
Western Midstream: A Top 9% Yielding MLP Play
Western Midstream offers a 9% distribution yield and is growing EBITDA and free cash flow rapidly, making it an attractive investment. The MLP focuses mainly on natural gas assets in the Delaware and ...
Western Midstream: Pumping Out A Massive 9% Yield
Western Midstream Partners offers a high dividend yield of 9.1%, supported by a strong balance sheet and high demand for its pipeline capacity. The company boasts a return on assets of 13%, significan...
WESTERN MIDSTREAM ANNOUNCES THIRD-QUARTER 2024 DISTRIBUTION AND EARNINGS CONFERENCE CALL
HOUSTON , Oct. 17, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that the board of directors of its general partner declared a quarterly ...
Western Midstream: My Top 2 MLP Income Pick
My top midstream picks are Energy Transfer, Enbridge, and Enterprise Products Partners, with EPD being the best for durable income. After dissecting the fundamentals of WES, I have concluded that WES ...
ALPS Advisors Inc. Expands Stake in EnLink Midstream LLC
On September 30, 2024, ALPS Advisors Inc., a prominent asset management firm, made a significant addition to its investment portfolio by acquiring 2,773,743 shares of EnLink Midstream LLC (ENLC, Finan...
A Rare High-Yield Buying Opportunity
The high-yield sector has soared recently. However, one sector has lagged behind significantly despite having very strong underlying fundamentals. This creates a rare high-yield buying opportunity.
Energy Transfer Vs. Western Midstream: I Only Own One
I last compared ET and WES in May 2023 and labeled both "buys." Since then, both have crushed the broader midstream sector. I revisit them today and share why I only own one of them.
Western Midstream Can Continue Strong Shareholder Returns
Western Midstream offers a strong 9% dividend yield and has shown impressive growth in natural gas and crude oil throughput. The company has reduced its net leverage from 5.0x to under 3.0x, enabling ...
Western Midstream: Time To Buy This Ultra-High-Yielding Bargain
Western Midstream provides an outsized, safe, and growing distribution to unitholders. The company's Mentone Train III project is online, and the North Loving cryogenic processing plant is going to be...