Western Midstream Partners, LP (WES)

NYSE: WES · Real-Time Price · USD
38.53
+0.78 (2.07%)
Nov 6, 2024, 4:00 PM EST - Market closed
2.07%
Market Cap 14.66B
Revenue (ttm) 3.43B
Net Income (ttm) 1.48B
Shares Out 380.51M
EPS (ttm) 3.87
PE Ratio 9.96
Forward PE 11.08
Dividend $3.50 (9.08%)
Ex-Dividend Date Nov 1, 2024
Volume 1,395,409
Open 38.18
Previous Close 37.75
Day's Range 37.74 - 38.68
52-Week Range 26.81 - 42.80
Beta 2.82
Analysts Hold
Price Target 36.88 (-4.28%)
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]

Sector Energy
IPO Date May 9, 2008
Employees 1,377
Stock Exchange NYSE
Ticker Symbol WES
Full Company Profile

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 Statements

Analyst Forecast

According to 10 analysts, the average rating for WES stock is "Hold." The 12-month stock price forecast is $36.88, which is a decrease of -4.28% from the latest price.

Price Target
$36.88
(-4.28% downside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

42 minutes ago - PRNewsWire

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...

1 day ago - Seeking Alpha

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...

9 days ago - PRNewsWire

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...

10 days ago - Seeking Alpha

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.

13 days ago - Seeking Alpha

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...

Other symbols: LNGUNH
15 days ago - Seeking Alpha

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 ...

17 days ago - Seeking Alpha

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...

19 days ago - Seeking Alpha

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 ...

20 days ago - PRNewsWire

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 ...

4 weeks ago - Seeking Alpha

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...

Other symbols: ENLCEPDETMPLXPAA
4 weeks ago - GuruFocus

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.

Other symbols: AMLPDIVEPDETGELMPLXOXY
6 weeks ago - Seeking Alpha

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.

7 weeks ago - Seeking Alpha

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 ...

7 weeks ago - Seeking Alpha

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...

7 weeks ago - Seeking Alpha

2 Strong Buys +8% Yield I Am Buying For My Retirement Portfolio

What kind of retirement do you envision? One marked by fears of outliving your savings, or one marked by an abundance of income? The Income Method aims to ensure your portfolio supports a lasting reti...

Other symbols: RLTY
7 weeks ago - Seeking Alpha

2 Top Dividend Payers For +9% Income In 2024

In fitness and finance, you need diligence, patience, and discipline. Steady dividends, combined with the power of compounding, are key to achieving exceptional financial success. We discuss our top p...

Other symbols: SLRC
2 months ago - Seeking Alpha

WESTERN MIDSTREAM ANNOUNCES SECOND-QUARTER POST-EARNINGS INTERVIEW WITH CHIEF FINANCIAL OFFICER, KRISTEN SHULTS AND CHIEF OPERATING OFFICER, DANNY HOLDERMAN

AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES HOUSTON , Aug. 19, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that tomorrow before ...

2 months ago - PRNewsWire

WESTERN MIDSTREAM ANNOUNCES PRICING OF NOTES OFFERING

HOUSTON , Aug. 15, 2024 /PRNewswire/ -- Western Midstream Partners, LP (NYSE: WES) ("WES") announced today that its subsidiary, Western Midstream Operating, LP ("WES Operating"), has priced an offerin...

2 months ago - PRNewsWire

Western Midstream: Occidental Sale Is Bullish For Long-Term Investors

Occidental partial sale of WES units is bullish for long-term investors as it makes taking private scenario unlikely. A flurry of new commercial agreements, commissioning of new gas plants, and reduct...

Other symbols: OXY
3 months ago - Seeking Alpha

Western Midstream: Income Roars Ahead

Occidental is about to sell some midstream shares in a secondary offering, but that will not affect the future outlook. Western Midstream reported significant income gains in Q2 2024. The distribution...

3 months ago - Seeking Alpha

WESTERN MIDSTREAM ANNOUNCES PRICING OF SECONDARY PUBLIC OFFERING OF COMMON UNITS

HOUSTON , Aug. 12, 2024 /PRNewswire/ -- Western Midstream Partners, LP (NYSE: WES) ("WES") announced today the pricing of the previously announced underwritten secondary public offering of 19,000,000 ...

Other symbols: OXY
3 months ago - PRNewsWire

WESTERN MIDSTREAM ANNOUNCES SECONDARY PUBLIC OFFERING OF COMMON UNITS

HOUSTON , Aug. 12, 2024 /PRNewswire/ -- Western Midstream Partners, LP (NYSE: WES) ("WES") announced today the commencement of an underwritten secondary public offering of 19,000,000 common units repr...

Other symbols: OXY
3 months ago - PRNewsWire

Western Midstream Partners: High Yield Supported By Growth

WES continues to set new volume records in key basins. The completion of projects for new capacity over the next year and new deals for more volume with upstream producers underpin further growth. Dis...

3 months ago - Seeking Alpha

Western Midstream Partners LP (WES) Q2 2024 Earnings Call Transcript

Western Midstream Partners LP (NYSE:WES) Q2 2024 Earnings Conference Call August 8, 2024 2:00 PM ET Company Participants Daniel Jenkins - Director of IR Michael Ure - CEO Kristen Shults - CFO Confere...

3 months ago - Seeking Alpha