Western Midstream downgraded by Citigroup with a new price target
$WES
Natural Gas Distribution
Utilities
Citigroup downgraded Western Midstream from Buy to Neutral and set a new price target of $34.00 from $30.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2024 | $42.00 → $40.00 | Equal-Weight → Underweight | Morgan Stanley |
| 10/17/2024 | $37.00 | Underperform | BofA Securities |
| 9/16/2024 | $42.00 | Overweight → Equal-Weight | Morgan Stanley |
| 7/10/2024 | $39.00 | Buy → Hold | Stifel |
| 4/18/2024 | Underperform → Peer Perform | Wolfe Research | |
| 3/19/2024 | Outperform → Mkt Perform | Raymond James | |
| 2/29/2024 | $30.00 → $34.00 | Buy → Neutral | Citigroup |
| 12/13/2023 | $30.00 → $27.00 | Buy → Underperform | BofA Securities |
Reported first-quarter 2025 Net income attributable to limited partners of $301.8 million, generating first-quarter Adjusted EBITDA(1) of $593.6 million.Reported first-quarter 2025 Cash flows provided by operating activities of $530.8 million, generating first-quarter Free Cash Flow(1) of $399.4 million.Announced a first-quarter distribution of $0.910 per unit, which is 4-percent higher than the prior quarter's distribution, or $3.64 per unit on an annualized basis, and in-line with prior management commentary.HOUSTON, May 7, 2025 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced first-quarter financial and operating results. Net income (l
HOUSTON, May 5, 2025 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced that Robert G. (Bob) Phillips has been appointed as an independent member of its general partner's board of directors. Mr. Phillips brings more than 47 years of experience and leadership in the midstream industry to the board, having recently retired as the Founder, Chairman, and Chief Executive Officer of Crestwood Equity Partners LP ("Crestwood") following its successful merger with Energy Transfer LP in November 2023. Mr. Phillips founded Crestwood in 2010 and over the next 13 years, led the growth of the company to greater than $7.1 billion in enterprise value throu
HOUSTON, April 21, 2025 /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 cash distribution of $0.910 per unit for the first quarter of 2025, or $3.64 per unit on an annualized basis, which represents a 4-percent increase over the prior quarter's distribution, and is in-line with WES's previously announced expectations. WES's first-quarter 2025 distribution is payable on May 15, 2025, to unitholders of record at the close of business on May 2, 2025. The Partnership plans to report its first-quarter 2025 results after market close on Wednesday, May 7, 2025. Management w
Reported first-quarter 2025 Net income attributable to limited partners of $301.8 million, generating first-quarter Adjusted EBITDA(1) of $593.6 million.Reported first-quarter 2025 Cash flows provided by operating activities of $530.8 million, generating first-quarter Free Cash Flow(1) of $399.4 million.Announced a first-quarter distribution of $0.910 per unit, which is 4-percent higher than the prior quarter's distribution, or $3.64 per unit on an annualized basis, and in-line with prior management commentary.HOUSTON, May 7, 2025 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced first-quarter financial and operating results. Net income (l
HOUSTON, April 21, 2025 /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 cash distribution of $0.910 per unit for the first quarter of 2025, or $3.64 per unit on an annualized basis, which represents a 4-percent increase over the prior quarter's distribution, and is in-line with WES's previously announced expectations. WES's first-quarter 2025 distribution is payable on May 15, 2025, to unitholders of record at the close of business on May 2, 2025. The Partnership plans to report its first-quarter 2025 results after market close on Wednesday, May 7, 2025. Management w
Reported fourth-quarter 2024 Net income attributable to limited partners of $325.9 million, generating fourth-quarter Adjusted EBITDA(1) of $590.7 million.Reported full-year 2024 Net income attributable to limited partners of $1.537 billion, generating full-year Adjusted EBITDA(1) of $2.344 billion, and exceeding the midpoint of the full-year 2024 Adjusted EBITDA guidance range of $2.200 billion to $2.400 billion.Reported fourth-quarter 2024 Cash flows provided by operating activities of $554.4 million, generating fourth-quarter Free Cash Flow(1) of $309.3 million.Reported full-year 2024 Cash flows provided by operating activities of $2.137 billion, generating full-year Free Cash Flow(1) of
10-Q - Western Midstream Partners, LP (0001423902) (Filer)
8-K - Western Midstream Partners, LP (0001423902) (Filer)
SCHEDULE 13G/A - Western Midstream Partners, LP (0001423902) (Subject)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
Morgan Stanley downgraded Western Midstream from Equal-Weight to Underweight and set a new price target of $40.00 from $42.00 previously
BofA Securities resumed coverage of Western Midstream with a rating of Underperform and set a new price target of $37.00
Morgan Stanley downgraded Western Midstream from Overweight to Equal-Weight and set a new price target of $42.00
SC 13G/A - Western Midstream Partners, LP (0001423902) (Subject)
SC 13D/A - Western Midstream Partners, LP (0001423902) (Subject)
SC 13G - Western Midstream Partners, LP (0001423902) (Subject)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
HOUSTON, May 5, 2025 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced that Robert G. (Bob) Phillips has been appointed as an independent member of its general partner's board of directors. Mr. Phillips brings more than 47 years of experience and leadership in the midstream industry to the board, having recently retired as the Founder, Chairman, and Chief Executive Officer of Crestwood Equity Partners LP ("Crestwood") following its successful merger with Energy Transfer LP in November 2023. Mr. Phillips founded Crestwood in 2010 and over the next 13 years, led the growth of the company to greater than $7.1 billion in enterprise value throu
Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced the appointment of Kristen Shults to Senior Vice President and Chief Financial Officer, effective on May 2, 2022. In this role, Shults will continue to lead the organization's Finance, Investor Relations, Communications, and Sustainability teams, with additional oversight of the Accounting organization. "Since becoming a stand-alone midstream enterprise, our team has made tremendous progress in reducing our cost structure, increasing our operational efficiency, and returning value back to stakeholders through debt reduction, unit buybacks, and attractive distributions," said President and CEO Michael Ur
FREYR Battery (NYSE:FREY) ("FREYR"), a developer of clean, next-generation battery cell production capacity, today announced the appointment of Oscar Brown to the position of Group Chief Financial Officer ("CFO") at FREYR Battery. As CFO, Brown will report to FREYR's Chief Executive Officer, Tom Einar Jensen, and will be responsible for financial planning, performance, reporting, and capital markets engagement across the organization. He will assume his new position at FREYR effective immediately. "We are delighted to welcome Oscar to the FREYR executive leadership team. As we prepare to execute our strategic plan to establish clean battery production at giga scale in Norway, the U.S. and