Western Midstream: The Breakout Is Here And It's Likely Not Over [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
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Source: Seeking Alpha
This breakout should continue, supported by Western Midstream increasing quarterly distributions over 50% to $0.875 from $0.575. Throughput of gas, oil, and water all grew, even before completion of two new gas processing plants in the Delaware basin this year. The partnership's EBITDA growth and investment grade rating reducing the need for deleveraging should sustain the higher distributions going forward. The only thing that should keep Western Midstream Partners from yielding over 10% is an increase in the unit price. The units are a Strong Buy. Monster Dividend Hike Shows Confidence When I covered Western Midstream Partners, LP NYSE: WES ) last quarter, I noted that the partnership units had been rangebound in the $20s since the start of 2022. I rated the units a Buy and suggested a breakout above this range was coming based on throughput growth in its core Delaware and DJ basins, plus the acquisition of Meritage Midstream Partners in Wyoming's Powder River basin. For
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News
- Bill Gross: Western Midstream Partners, LP is the best pipeline MLP [Seeking Alpha]Seeking Alpha
- 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
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