Western Midstream Partners, LP, together with its subsidiaries, acquire, own, develop, and operate midstream assets primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting of natural gas; gathering, stabilizing, and transporting of condensate, natural gas liquids, and crude oil; and gathering and disposing of produced water. The company also buys and sells natural gas, NGLs, and condensate. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. The company was founded in 2007 and is headquartered in The Woodlands, Texas. Western Midstream Partners, LP operates as a subsidiary of Occidental Petroleum Corporation.
IPO Year: 2012
Exchange: NYSE
Website: westernmidstream.com
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 |
8/11/2023 | $31.00 → $30.00 | Overweight → Equal Weight | Wells Fargo |
8/9/2023 | $31.00 → $29.00 | Overweight → Neutral | JP Morgan |
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AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES HOUSTON, Aug. 11, 2025 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced that tomorrow before the market open it will make available on its website at www.westernmidstream.com a post-earnings interview with Kristen Shults, Senior Vice President and Chief Financial Officer, and Jon VandenBrand, Senior Vice President, Commercial, that provides additional insights related to WES's second-quarter 2025 results. In addition, WES intends to participate in the following investor conferences during the third and fourth quarters of 2025: Citi's 2025 Natural Resources Conference in Las Vegas, Nevada
Creates a differentiated Delaware Basin produced-water system, enhancing WES's ability to compete for new business development opportunities. The combined infrastructure creates a fully integrated produced-water value chain through water gathering, disposal, recycle/reuse, beneficial reuse (including desalination and mineral extraction), industrial water, and long-haul transport via the Pathfinder pipeline. Significantly expands WES's New Mexico footprint unlocking new opportunities to be a "one-stop shop" for customers and to grow its natural-gas and crude-oil and NGLs gathering and processing businesses in the area. McNeill Ranch provides access to significant pore space and oth
EXECUTING ON CORE GROWTH STRATEGY AND REAFFIRMING 2025 FINANCIAL GUIDANCE RANGES Reported second-quarter 2025 Net income attributable to limited partners of $333.8 million, generating record second-quarter Adjusted EBITDA(1) of $617.9 million.Reported second-quarter 2025 Cash flows provided by operating activities of $564.0 million, generating second-quarter Free Cash Flow(1) of $388.4 million.Announced a second-quarter distribution of $0.910 per unit, which is consistent with the prior quarter's distribution, or $3.64 per unit on an annualized basis.Executing on growth strategy by announcing an agreement to acquire Aris Water Solutions, Inc. and sanctioning a new 300 MMcf/d cryogenic natura
Creates a differentiated Delaware Basin produced-water system, enhancing WES's ability to compete for new business development opportunities.The combined infrastructure creates a fully integrated produced-water value chain through water gathering, disposal, recycle/reuse, beneficial reuse (including desalination and mineral extraction), industrial water, and long-haul transport via the Pathfinder pipeline.Significantly expands WES's New Mexico footprint unlocking new opportunities to be a "one-stop shop" for customers and to grow its natural-gas and crude-oil and NGLs gathering and processing businesses in the area.McNeill Ranch provides access to significant pore space and other surface use
HOUSTON, July 22, 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 second quarter of 2025, or $3.64 per unit on an annualized basis, which is in-line with the prior quarter's distribution. WES's second-quarter 2025 distribution is payable on August 14, 2025, to unitholders of record at the close of business on August 1, 2025. The Partnership plans to report its second-quarter 2025 results after market close on Wednesday, August 6, 2025. Management will host a conference call on Thursday, August 7, 2025, at 9:00 a.m. Ce
HOUSTON, June 30, 2025 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that its 2024 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedule K-3 at www.taxpackagesupport.com/westernmidstream. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return fi
AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES HOUSTON, May 12, 2025 /PRNewswire/ --Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced that tomorrow before the market open it will make available on its website at www.westernmidstream.com a post-earnings interview with Kristen Shults, Senior Vice President and Chief Financial Officer that provides additional insights related to WES's first-quarter 2025 results. In addition, WES intends to participate in the following investor conferences during the second and third quarters of 2025: TPH&C
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
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)
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)
8-K - Western Midstream Partners, LP (0001423902) (Filer)
10-K - Western Midstream Partners, LP (0001423902) (Filer)
8-K - Western Midstream Partners, LP (0001423902) (Filer)
8-K - Western Midstream Partners, LP (0001423902) (Filer)
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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
Stifel downgraded Western Midstream from Buy to Hold and set a new price target of $39.00
Wolfe Research upgraded Western Midstream from Underperform to Peer Perform
Raymond James downgraded Western Midstream from Outperform to Mkt Perform
Citigroup downgraded Western Midstream from Buy to Neutral and set a new price target of $34.00 from $30.00 previously
BofA Securities downgraded Western Midstream from Buy to Underperform and set a new price target of $27.00 from $30.00 previously
Wells Fargo downgraded Western Midstream from Overweight to Equal Weight and set a new price target of $30.00 from $31.00 previously
JP Morgan downgraded Western Midstream from Overweight to Neutral and set a new price target of $29.00 from $31.00 previously
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4 - Western Midstream Partners, LP (0001423902) (Issuer)
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4 - Western Midstream Partners, LP (0001423902) (Issuer)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
Live Leadership Updates
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
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Creates a differentiated Delaware Basin produced-water system, enhancing WES's ability to compete for new business development opportunities. The combined infrastructure creates a fully integrated produced-water value chain through water gathering, disposal, recycle/reuse, beneficial reuse (including desalination and mineral extraction), industrial water, and long-haul transport via the Pathfinder pipeline. Significantly expands WES's New Mexico footprint unlocking new opportunities to be a "one-stop shop" for customers and to grow its natural-gas and crude-oil and NGLs gathering and processing businesses in the area. McNeill Ranch provides access to significant pore space and oth
EXECUTING ON CORE GROWTH STRATEGY AND REAFFIRMING 2025 FINANCIAL GUIDANCE RANGES Reported second-quarter 2025 Net income attributable to limited partners of $333.8 million, generating record second-quarter Adjusted EBITDA(1) of $617.9 million.Reported second-quarter 2025 Cash flows provided by operating activities of $564.0 million, generating second-quarter Free Cash Flow(1) of $388.4 million.Announced a second-quarter distribution of $0.910 per unit, which is consistent with the prior quarter's distribution, or $3.64 per unit on an annualized basis.Executing on growth strategy by announcing an agreement to acquire Aris Water Solutions, Inc. and sanctioning a new 300 MMcf/d cryogenic natura
Creates a differentiated Delaware Basin produced-water system, enhancing WES's ability to compete for new business development opportunities.The combined infrastructure creates a fully integrated produced-water value chain through water gathering, disposal, recycle/reuse, beneficial reuse (including desalination and mineral extraction), industrial water, and long-haul transport via the Pathfinder pipeline.Significantly expands WES's New Mexico footprint unlocking new opportunities to be a "one-stop shop" for customers and to grow its natural-gas and crude-oil and NGLs gathering and processing businesses in the area.McNeill Ranch provides access to significant pore space and other surface use
HOUSTON, July 22, 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 second quarter of 2025, or $3.64 per unit on an annualized basis, which is in-line with the prior quarter's distribution. WES's second-quarter 2025 distribution is payable on August 14, 2025, to unitholders of record at the close of business on August 1, 2025. The Partnership plans to report its second-quarter 2025 results after market close on Wednesday, August 6, 2025. Management will host a conference call on Thursday, August 7, 2025, at 9:00 a.m. Ce
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
HOUSTON, Jan. 24, 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 ("Base Distribution") of $0.8750 per unit for the fourth quarter of 2024, or $3.50 on an annualized basis, which is in-line with the prior quarter's Base Distribution. WES's fourth-quarter 2024 Base Distribution is payable on February 14, 2025, to unitholders of record at the close of business on February 3, 2025. The Partnership plans to report its fourth-quarter and full-year 2024 results after market close on Wednesday, February 26, 2025. Management will host a conference call
Reported third-quarter 2024 Net income attributable to limited partners of $281.8 million, generating third-quarter Adjusted EBITDA(1) of $566.9 million.Reported third-quarter 2024 Cash flows provided by operating activities of $551.3 million, generating third-quarter Free cash flow(1) of $365.1 million.Announced a third-quarter Base Distribution of $0.875 per unit, or $3.50 per unit on an annualized basis, which is in-line with the prior-quarter's Base Distribution.HOUSTON, Nov. 6, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced third-quarter 2024 financial and operating results. Net income (loss) attributable to limited partners f
Michael Ure Steps Down Following Successful Transformation of Western Midstream into Leading Midstream Operator Partnership Reaffirms 2024 Adjusted EBITDA and Free Cash Flow Guidance HOUSTON, Oct. 28, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced Oscar K. Brown, an independent director of Western Midstream Holdings, LLC, WES's general partner (the "General Partner"), has been appointed President and Chief Executive Officer of the General Partner, effective immediately. The Board of Directors of the General Partner (the "Board") and Michael Ure agreed that he will step down from his position, including as Director. To ensure a smoo
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