WES - Western Midstream Partners, LP

NYSE - NYSE Delayed Price. Currency in USD
9.11
+0.28 (+3.17%)
At close: 4:00PM EDT

9.15 +0.04 (0.44%)
After hours: 7:04PM EDT

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Commodity Channel Index

Commodity Channel Index

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close8.83
Open9.04
Bid9.12 x 1400
Ask9.15 x 3000
Day's Range8.92 - 9.40
52 Week Range2.90 - 31.99
Volume1,952,516
Avg. Volume5,058,664
Market Cap4.045B
Beta (5Y Monthly)3.84
PE Ratio (TTM)12.81
EPS (TTM)0.71
Earnings DateJul 28, 2020 - Aug 03, 2020
Forward Dividend & Yield1.24 (14.09%)
Ex-Dividend DateApr 30, 2020
1y Target Est9.54
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
36% Est. Return
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  • Investing.com

    RBC Capital Sticks to Their Hold Rating for Western Midstream Partners

    RBC Capital analyst Elvira Scotto maintained a Hold rating on Western Midstream Partners (NYSE:WES) on Friday, setting a price target of $8, which is approximately 9.29% above the present share price of $7.32.

  • Western Midstream Announces First-Quarter 2020 Results
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    Western Midstream Announces First-Quarter 2020 Results

    Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced first-quarter 2020 financial and operating results. Net income (loss) available to limited partners for the first quarter of 2020 totaled $(251.4) million, or a loss of $0.57 per common unit (diluted), with first-quarter 2020 Adjusted EBITDA(1) totaling $513.6 million, first-quarter Cash flows from operating activities totaling $393.3 million, and first-quarter 2020 Free cash flow(1) totaling $214.6 million. The net loss includes $596.8 million of non-cash impairments of goodwill and long-lived assets primarily resulting from lower sustained commodity prices and forecasted in-basin producer activity reductions following the worldwide outbreak of the coronavirus ("COVID-19"). In total, non-cash impairments reduced first-quarter 2020 net income by $1.34 per common unit (diluted).

  • Reuters

    Hard-hit energy companies' bonds rise after Fed expands loan program

    Bonds of hard-hit oil and gas companies such as Occidental Petroleum, Antero Resources , WPX Energy, HighPoint Resources and Western Midstream Partners rose in price on Thursday after the Federal Reserve announced it would expand its Main Street Lending Facility to larger and riskier companies affected by the coronavirus pandemic. In afternoon trade, seven of the 10 biggest upward movers in the U.S. corporate bond market were oil and gas companies, according to MarketAxess data. WPX Energy's 5.75% June 2026 bond was up 6.7% on the day, last trading at 88 cents on the dollar.

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  • Western Midstream Announces First-Quarter 2020 Distribution, Revised Capital Guidance, Cost Reductions, And Earnings Conference Call
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    Western Midstream Announces First-Quarter 2020 Distribution, Revised Capital Guidance, Cost Reductions, And Earnings Conference Call

    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 $0.311 per unit for the first quarter of 2020, which represents a 50-percent decrease from the fourth-quarter 2019 per-unit distribution. This distribution decrease was undertaken to protect, restore, and strengthen WES's balance sheet as the COVID-19 worldwide pandemic, declining economic activity and energy demand, and depressed commodity prices continue to underpin broad-based market uncertainty. WES's first-quarter 2020 distribution is payable May 14, 2020, to unitholders of record at the close of business May 1, 2020.

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    Western Midstream Leases 134,000 SF At The Woodlands® Towers At The Waterway

    The Howard Hughes Corporation® (NYSE: HHC) has announced today that Western Midstream Partners, LP (NYSE: WES) has signed a 133,948-square-foot lease for the top five floors of 9950 Woodloch Forest Drive, one of two premier Class AAA towers in The Woodlands® comprising the newly rebranded The Woodlands Towers at The Waterway. The Howard Hughes Corporation acquired the two towers (formerly Anadarko Petroleum Corporation Headquarters) totaling approximately 1.4 million square feet of office space from Occidental Petroleum in late 2019. With this agreement, 9950 Woodloch Forest Drive is now 35% leased, with HHC's corporate headquarters set to relocate to the building later this year. The Howard Hughes Corporation previously announced that the entire 808,000-square-foot 1201 Lake Robbins Drive building has been leased for thirteen years to Occidental.

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  • Western Midstream Announces Fourth-Quarter 2019 Distribution And Earnings Conference Call
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    Western Midstream Announces Fourth-Quarter 2019 Distribution And Earnings Conference Call

    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 $0.622 per unit for the fourth-quarter of 2019, resulting in a full-year 2019 distribution increase of 5-percent over the full-year 2018. This distribution represents WES's 28th consecutive quarterly distribution increase. WES's fourth-quarter 2019 distribution is payable February 13, 2020, to unitholders of record at the close of business January 31, 2020.

  • Western Midstream Announces Pricing Of $3.5 Billion Of Senior Notes
    PR Newswire

    Western Midstream Announces Pricing Of $3.5 Billion Of Senior Notes

    January 9, 2020 – Today Western Midstream Partners, LP (NYSE: WES) announced that its wholly owned subsidiary, Western Midstream Operating, LP ("WES Operating"), has priced an offering of $300 million in aggregate principal amount of floating rate senior notes due 2023, $1 billion in aggregate principal amount of 3.10% senior notes due 2025 at a price to the public of 99.962% of their face value, $1.2 billion in aggregate principal amount of 4.05% senior notes due 2030 at a price to the public of 99.90% of their face value, and $1 billion in aggregate principal amount of 5.25% senior notes due 2050 at a price to the public of 99.442% of their face value. The offering of the senior notes is expected to close on Monday, January 13, 2020, subject to the satisfaction of customary closing conditions. Net proceeds from the offering are expected to be used to repay and terminate WES Operating's $3.0 billion term loan credit facility. WES Operating will use the remaining net proceeds for general partnership purposes, including repayment of borrowings under its revolving credit facility.

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  • Analyst: Occidental eyes 'cautious exit' on midstream MLP
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  • Occidental, Western Midstream Partners take steps to separate MLP into standalone co.
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    Occidental, Western Midstream Partners take steps to separate MLP into standalone co.

    Houston-based Occidental Petroleum Corp. (NYSE: OXY) and The Woodlands-based Western Midstream Partners LP (NYSE: WES) announced on Jan. 6 several steps they've taken to start separating. Occidental gained control of the master limited partnership via its acquisition of The Woodlands-based Anadarko Petroleum Corp. Prior to the $55 billion acquisition closing in August 2019, reports surfaced that Occidental was considering selling half of Anadarko's interest in the MLP and its general partner.

  • Western Midstream Announces Entry Into New Service, Operating, And Governance Agreements
    PR Newswire

    Western Midstream Announces Entry Into New Service, Operating, And Governance Agreements

    Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") and Occidental Petroleum Corporation (NYSE: OXY) ("Occidental") announced the execution of several agreements that will enable WES to fully operate as a stand-alone business, consistent with WES's and Occidental's joint effort to establish WES as an independent midstream company. WES fully expects to continue its long-term and meaningful relationship with Occidental. These new agreements support WES's ongoing and focused pursuit of third-party growth opportunities and underscore the importance of WES's commitment to leverage its existing midstream infrastructure to attract additional Occidental and third-party volumes.

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