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Western Gas Equity: 1Q Earnings Snapshot

THE WOODLANDS, Texas (AP) _ Western Gas Equity Partners L.P. (WGP) on Tuesday reported first-quarter earnings of $101 million.

The The Woodlands, Texas-based company said it had net income of 46 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The oil and gas transportation and storage company posted revenue of $437.2 million in the period.

Western Gas Equity shares have decreased slightly more than 9 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $33.71, a fall of 26 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WGP at https://www.zacks.com/ap/WGP