THE WOODLANDS, Texas (AP) _ Western Midstream Partners, LP (WES) on Monday reported third-quarter profit of $121.2 million.
The The Woodlands, Texas-based company said it had net income of 27 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The oil and gas transportation and storage company posted revenue of $666 million in the period.
Western Midstream shares have fallen 20% since the beginning of the year. In the final minutes of trading on Monday, shares hit $22.15, a decrease of 24% in the last 12 months.