1. WES declared a quarterly distribution of $0.910 per unit for Q1 2025. 2. The distribution reflects a 4% increase from the prior quarter. 3. Earnings report scheduled for May 7, with a call on May 8. 4. Majority of cash flows from WES are protected via fee-based contracts. 5. Forward-looking statements highlight uncertainty in meeting financial expectations.
The increase in distribution signals positive cash flow management, historically linked to upward stock movement. Previous increases led to similar stock performance spikes.
The article discusses WES's distribution and earnings, directly impacting investor perception and sentiment. The growth in distribution may attract more investors, influencing stock prices positively.
The immediate impact stems from upcoming earnings and distribution announcements. Recent historical patterns show price adjustments around earnings reports.
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 will host a conference call on Thursday, May 8, 2025, at 9:00 a.m. Central (10:00 a.m. Eastern) to discuss the Partnership's quarterly and full-year results. Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the call. The full text of the release announcing the results will be available on the Partnership's website at www.westernmidstream.com.
Date: Thursday, May 8, 2025
Time: 9:00 a.m. Central (10:00 a.m. Eastern)
Dial-in number: 800-836-8184
International dial-in number: 646-357-8785
To participate in WES's scheduled first-quarter earnings call, please refer to the above-listed dial-in information. To access the live audio webcast of the conference call, please visit the investor relations section of the Partnership's website at www.westernmidstream.com. A replay of the conference call will also be available on the website following the call.
Western Midstream Partners, LP ("WES") is a master limited partnership formed to develop, acquire, own, and operate midstream assets. With midstream assets located in Texas, New Mexico, Colorado, Utah, and Wyoming, WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural-gas liquids, and crude oil; and gathering and disposing of produced water for its customers. In its capacity as a natural-gas processor, WES also buys and sells natural gas, natural-gas liquids, and condensate on behalf of itself and its customers under certain gas processing contracts. A substantial majority of WES's cash flows are protected from direct exposure to commodity price volatility through fee-based contracts.
For more information about WES, please visit www.westernmidstream.com.
This news release contains forward-looking statements. WES and its general partner believe that their expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release. These factors include our ability to meet distribution expectations and financial guidance; our ability to safely and efficiently operate WES's assets; the supply of, demand for, and price of oil, natural gas, NGLs, and related products or services; our ability to meet projected in-service dates for capital-growth projects; construction costs or capital expenditures exceeding estimated or budgeted costs or expenditures; and the other factors described in the "Risk Factors" section of WES's most-recent Form 10-K filed with the Securities and Exchange Commission and other public filings and press releases. WES undertakes no obligation to publicly update or revise any forward-looking statements.
Note regarding Non-United States Investors: This release is intended to be a qualified notice under Treasury Regulation Sections 1.1446-4(b) and 1.1446(f)-4. Brokers and nominees should treat one hundred percent (100.0%) of Western Midstream Partners, LP's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Western Midstream Partners, LP's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate. Furthermore, one hundred percent (100.0%) of Western Midstream Partners, LP's distributions to non-U.S. investors is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(iii). Brokers and nominees are treated as withholding agents responsible for withholding on distributions received by them on behalf of non-U.S. investors. The CUSIP number of Western Midstream Partners, LP's common units is 958669 103.
Daniel Jenkins
Director, Investor Relations
[email protected]
866-512-3523
Rhianna Disch
Manager, Investor Relations
[email protected]
866-512-3523
SOURCE Western Midstream Partners, LP