Western Midstream Partners LP

WES

Equity

ISIN US9586691035 / Valor 46582098

New York Stock Exchange, Inc (2024-12-24)

USD 39.79+1.84%

Western Midstream Partners LP
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About company

Western Midstream Partners LP is a midstream energy company that focuses on the transportation, storage, and processing of natural gas and crude oil. The company recently announced agreements to divest several of its interests in various pipeline systems, generating significant proceeds. With a strong presence in key energy-producing regions, Western Midstream Partners LP plays a crucial role in the energy supply chain by providing essential infrastructure and services to support the efficient movement of resources.

Summarized from source with an LLMView SourceSector: Energy

Net Income and EBITDA

Western Midstream Partners LP reported a net income attributable to limited partners of $281.8 million for the third quarter of 2024. The company also achieved an Adjusted EBITDA of $566.9 million during the same period, reflecting its strong financial performance.

Cash Flow and Free Cash Flow

In the third quarter of 2024, Western Midstream Partners LP generated cash flows from operating activities totaling $551.3 million. The company's free cash flow for the quarter was $365.1 million, indicating robust cash generation capabilities.

Distribution and Dividends

Western Midstream Partners LP announced a third-quarter 2024 base distribution of $0.875 per unit, which is consistent with the previous quarter's distribution. This equates to an annualized distribution of $3.50 per unit, demonstrating the company's commitment to returning value to its unitholders.

Revenue Growth

For the third quarter of 2024, Western Midstream Partners LP reported total revenues of $883.4 million, an increase from $776.0 million in the same quarter of the previous year. This growth was driven by higher service revenues and product sales.

Operational Highlights and Outlook

Western Midstream Partners LP achieved record natural-gas and crude-oil throughput in the Delaware Basin during the third quarter of 2024. Looking ahead, the company expects increased Adjusted EBITDA in the fourth quarter, driven by steady throughput growth and lower operational expenses.

Summarized from source with an LLMView Source

Key figures

43.3%1Y

91.1%3Y

93.6%5Y

Performance

26.2%1Y

30.3%3Y

65.0%5Y

Volatility