Western Midstream Partners, LP Common Limited Partner Interests (WES) News
Western Midstream Partners, LP Common Limited Partner Interests (WES)
Today's Latest Price: $8.00 USD
Updated Sep 30 4:00pm
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Ranked of 56 in MLPs - Oil & Gas
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Latest WES News From Around the Web
Below are the latest news stories about Western Midstream Partners LP that investors may wish to consider to help them evaluate WES as an investment opportunity.
Western Midstream exchanges Occidental note for 27.8M unitsWestern Midstream Partners (WES) +6.8% pre-market after saying it will exchange a 98% interest in the $260M 6.5% fixed-rate note due 2038 from Occidental Petroleum (OXY) for ~27.85M Western common units owned by Occidental; the units then will be canceled.Western Midstream says the exchange will increase its annual free cash flow... |
Western Midstream Partners, LP (WES) CEO Michael Ure on Q2 2020 Results - Earnings Call TranscriptWestern Midstream Partners, LP (WES) Q2 2020 Earnings Conference Call August 11, 2020 02:00 PM ET Company Participants Kristen Shults - Investor Relations Michael Ure - Chief Executive Officer Craig Collins - Chief Operating Officer Mike Pearl - Chief Financial Officer Conference Call Participants Spiro Dounis - Credit Suisse Kyle... |
Western Midstream Partners EPS beats by $0.10, beats on revenueWestern Midstream Partners (WES): Q2 GAAP EPS of $0.60 beats by $0.10.Revenue of $671.76M (-1.9% Y/Y) beats by $1.85M.Adjusted EBITDA of $514M, and free cash flow of $208.6M.Press Release... |
Western Midstream Partners declares $0.311 dividendWestern Midstream Partners (WES) declares $0.311/share quarterly dividend, in line with previous.Forward yield 13.44%Payable Aug. 13; for shareholders of record July 31; ex-div July 30.See WES Dividend Scorecard, Yield Chart, & Dividend Growth.... |
Western Midstream Announces Second-Quarter 2020 Distribution And Earnings Conference CallToday Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that the board of directors of its general partner declared a quarterly cash distribution of $0.311 per unit for the second quarter of 2020. WES's second-quarter 2020 distribution is payable August 13, 2020, to unitholders of record at the close of business July 31, 2020. |
Hedge Funds Are Selling Western Midstream Partners, LP (WES)At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […] |
Western Midstream Announces First-Quarter 2020 ResultsToday Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced first-quarter 2020 financial and operating results. Net income (loss) available to limited partners for the first quarter of 2020 totaled $(251.4) million, or a loss of $0.57 per common unit (diluted), with first-quarter 2020 Adjusted EBITDA(1) totaling $513.6 million, first-quarter Cash flows from operating activities totaling $393.3 million, and first-quarter 2020 Free cash flow(1) totaling $214.6 million. The net loss includes $596.8 million of non-cash impairments of goodwill and long-lived assets primarily resulting from lower sustained commodity prices and forecasted in-basin producer activity reductions following the worldwide outbreak of the coronavirus ("COVID-19&quo... |
Hard-hit energy companies' bonds rise after Fed expands loan programBonds of hard-hit oil and gas companies such as Occidental Petroleum, Antero Resources , WPX Energy, HighPoint Resources and Western Midstream Partners rose in price on Thursday after the Federal Reserve announced it would expand its Main Street Lending Facility to larger and riskier companies affected by the coronavirus pandemic. In afternoon trade, seven of the 10 biggest upward movers in the U.S. corporate bond market were oil and gas companies, according to MarketAxess data. WPX Energy's 5.75% June 2026 bond was up 6.7% on the day, last trading at 88 cents on the dollar. |
Midstream MLP created by Anadarko cuts distribution, spending, CEO payThe Woodlands-based Western Midstream Partners LP (NYSE: WES) is joining the energy-related companies making several cuts to help weather the Covid-19 pandemic and massive oil and gas downturn. Western Midstream is cutting its quarterly cash distribution in half. Additionally, the MLP cut its planned capital expenditures for 2020 by 45 percent compared to its previous guidance. |
Western Midstream Announces First-Quarter 2020 Distribution, Revised Capital Guidance, Cost Reductions, And Earnings Conference CallToday Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that the board of directors of its general partner declared a quarterly cash distribution of $0.311 per unit for the first quarter of 2020, which represents a 50-percent decrease from the fourth-quarter 2019 per-unit distribution. This distribution decrease was undertaken to protect, restore, and strengthen WES's balance sheet as the COVID-19 worldwide pandemic, declining economic activity and energy demand, and depressed commodity prices continue to underpin broad-based market uncertainty. WES's first-quarter 2020 distribution is payable May 14, 2020, to unitholders of record at the close of business May 1, 2020. |
