49.81 +0.25 (0.50%)
After hours: 4:12PM EDT
|Bid||41.55 x 100|
|Ask||53.00 x 200|
|Day's Range||49.47 - 50.87|
|52 Week Range||40.44 - 54.40|
|PE Ratio (TTM)||30.48|
|Earnings Date||Jul 31, 2018|
|Forward Dividend & Yield||3.74 (7.72%)|
|1y Target Est||57.12|
HOUSTON, July 17, 2018 /PRNewswire/ -- Western Gas Partners, LP (WES) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.9500 per unit for the second quarter of 2018. This distribution represents a 2-percent increase over the prior quarter and a 7-percent increase over the second quarter of 2017. Western Gas Equity Partners, LP (WGP) also announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.58250 per unit for the second quarter of 2018. This distribution represents a 2-percent increase over the prior quarter and a 10-percent increase over the second quarter of 2017. WGP's second quarter 2018 distribution is payable on August 23, 2018, to unitholders of record at the close of business on August 1, 2018.
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Western Gas Partners (WES), a midstream MLP involved mainly in natural gas gathering and processing, crude oil gathering, and water-related midstream services, has generated a return of 96.1% over the past seven years.
Midstream companies have seen several ups and downs in the past seven years, including massive capital spending to support strong production growth following the shale boom and multiyear low crude oil prices due to supply gluts.
DALLAS , June 29, 2018 /PRNewswire/ -- Alerian announced today the real-time launch of the Alerian Midstream Energy Index, a broad-based composite of North American energy infrastructure companies. Constituents ...
Anadarko Petroleum’s (APC) 2018 capital expenditure (or capex) budget is $4.2 billion–$4.6 billion, compared to its forecast 2017 capex of $4.2 billion–$4.4 billion.
Anadarko Petroleum’s (APC) DJ Basin upstream operations are to receive $1 billion–$1.5 billion in capex this year. Per Anadarko Petroleum management, free cash flow from the region is expected to surpass $1 billion. Free cash flow in the first quarter was $230 million. This calculation is based on APC’s definition of “free cash flow”—discretionary cash flow, minus capital expenditures. APC defines “discretionary cash flow” as operating cash flows before accounting for working capital changes, other items, non-operating, and other excluded items.
This article is intended for those of you who are at the beginning of your investing journey and want to better understand how you can grow your money by investingRead More...
So far in this series, we discussed the top five MLPs that have the maximum correlation with crude oil—Hi-Crush Partners (HCLP), EnLink Midstream (ENLC), Viper Energy Partners (VNOM), Magellan Midstream Partners (MMP), and Legacy Reserves (LGCY). In this part, we’ll discuss the correlation between Western Gas Partners (WES) and crude oil.
Targa Resources (TRGP) has the most “buy” ratings among selected peers. 65.0% rate it as a “buy,” and the remaining 35.0% rate it a “hold” as of May 29. Deutsche Bank was the most recent firm to initiate coverage on TRGP. It assigned the C corporation a “hold” rating. Overall, TRGP has seen three rating updates in 2018 to date including two upgrades and a new coverage. TRGP is currently trading below the low range of $48 of analysts’ target price. Its average target price of $53.7 implies a ~13% upside potential from the current price levels.
So far in this series, we’ve analyzed DCP Midstream (DCP), Western Gas Partners (WES), Targa Resources (TRGP), and ONEOK (OKE) based on their recent market performance, operating performance, throughput volumes, financial position, and distribution yields. In this article, we’ll perform a valuation analysis for the four peers.
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HOUSTON , June 1, 2018 /PRNewswire/ -- Western Gas Partners, LP (NYSE:WES) and Western Gas Equity Partners, LP (NYSE:WGP) today announced that Jaime Casas , SVP, Chief Financial Officer and Treasurer, ...
In the previous article, we looked at the recent operating performance of DCP Midstream (DCP), Western Gas Partners (WES), ONEOK (OKE), and Targa Resources (TRGP). In this article, we’ll look into their 2018 guidance and broader earnings drivers.
ONEOK (OKE) posted the highest YoY (year-over-year) EBITDA growth in the first quarter among the four selected peers despite its higher base. The c-corporation saw 24.1% YoY EBITDA growth during the first quarter. OKE’s strong earnings growth in the first quarter was mainly due to strong throughput volume growth across its Natural Gas Gathering & Processing and Natural Gas Liquids segments. Strong volume growth was driven by strong drilling activity in the region where it operates and expansion projects placed into service.
Increasing growth in natural gas production from the Marcellus and Utica shales in Pennsylvania, Ohio, and West Virginia is currently constrained by the lack of available takeaway pipeline capacity to move it to new markets. To tackle this issue, several pipeline projects are being planned to build additional pipeline capacity. The EIA (U.S. Energy Information Administration) expects 23 Bcf/d (billion cubic feet per day) of takeaway capacity to come online in the Northeast by the end of 2018.
Sociedad Química y Minera de Chile is one of many stocks the market is bullish on. Its expected double-digit top-line and bottom-line growth exceeds its peers, and its financially stableRead More...
HOUSTON , May 23, 2018 /PRNewswire/ -- Western Gas Partners, LP (NYSE:WES) and Western Gas Equity Partners, LP (NYSE:WGP) today announced that Benjamin Fink , President and CEO, will present at the 2018 ...
Brookfield Investment Management added a major position of 4.3 million shares in Western Gas Partners (WES) during the first quarter. Among the top institutional holders in WES, 6.0 million positions were added.
The previous COO of the master limited partnerships, which were formed by Anadarko Petroleum Corp., was named COO of midstream for Alta Mesa Resources last month.
Master limited partnerships or MLPs saw continued strong earnings growth in 1Q18 after a solid fourth quarter of 2017. Of the top 15 limited partnerships by market capitalization, 14 reported YoY (year-over-year) growth in quarterly revenue and EBITDA (earnings before interest, tax, depreciation, and amortization). Seven of these limited partnerships reported QoQ (quarter-over-quarter) growth in revenue while nine reported QoQ growth in adjusted EBITDA. ...
Legacy Reserves (LGCY), an upstream MLP involved in crude oil, natural gas, and NGLs (natural gas liquids) production, was the top MLP performer last week. LGCY had jumped 33.6% by the end of last week driven by strong gains in crude oil prices and strong first-quarter earnings. The partnership posted adjusted EBITDA of $70.7 million in 1Q18 compared to $40.2 million in 1Q17, representing a YoY increase of 76%.