Western Midstream: 10% Forward Yield Plus Capital Appreciation From Investment Grade Company [Seeking Alpha]
Western Midstream Partners, LP Common Units Representing Limited Partner Interests (WES)
Last western midstream partners, lp common units representing limited partner interests earnings: 2/27 04:05 pm
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US:NYSE Investor Relations:
investors.westerngas.com/webcasts-and-presentations
Company Research
Source: Seeking Alpha
WES distribution hike is likely to be influenced by OXY. If OXY sells WES towards the end of 2024, investors will likely pocket close to 20% return in 9 months. If the sale does not occur, investors will keep receiving 10% tax-deferred distributions plus capital appreciation a year from now. I assume most of my readers are familiar with Western Midstream Partners LP ( NYSE: WES ). For others briefly, WES is a midstream operator with natural gas gathering, operating, and transporting as its major business. Two other businesses are oil and NGL transporting; and gathering and disposal of produced water. Please refer to other sources for a more detailed company description. Occidental Petroleum ( OXY ) owns ~49% of WES including its limited and general partner stakes combined and controls WES due to the latter. For OXY, WES was a part of the Anadarko acquisition in 2019. Michael Ure, formerly with OXY, has been WES CEO since the acquisition. OXY is also WES's main customer. WES
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WES
News
- This Billionaire Is Pounding the Table For These Ultra-High-Yield Dividend Stocks [Yahoo! Finance]Yahoo! Finance
- Billionaire 'bond king' Bill Gross tells investors to avoid tech and stick to value stocks [Yahoo! Finance]Yahoo! Finance
- Are You Looking for a Top Momentum Pick? Why Western Midstream (WES) is a Great Choice [Yahoo! Finance]Yahoo! Finance
- WESTERN MIDSTREAM ANNOUNCES FIRST-QUARTER 2024 DISTRIBUTION AND EARNINGS CONFERENCE CALLPR Newswire
- Williams downgraded, Western Midstream raised at Mizuho in pipeline rating switch [Seeking Alpha]Seeking Alpha
WES
Earnings
- 2/21/24 - Miss
WES
Sec Filings
- 3/6/24 - Form 4
- 3/1/24 - Form 4
- 2/29/24 - Form 4
- WES's page on the SEC website