Western Midstream Partners Reveals Third-Quarter 2024 Distribution
Today, Western Midstream Partners, LP (NYSE: WES) officially announced that its board of directors has declared a quarterly cash distribution, known as the "Base Distribution," of $0.8750 per unit for the third quarter of 2024. This annualizes to $3.50, remaining consistent with the previous quarter's distribution rate.
Key Dates for Unitholders
Unitholders can expect this distribution to be payable on November 14, 2024. Unitholders of record on November 1, 2024, will be eligible to receive this payment. It's important for current and prospective investors to note these dates in their calendars.
Upcoming Earnings Conference Call
Western Midstream is set to report its earnings for the third quarter of 2024 following the market close on November 6, 2024. On November 7, 2024, a conference call will be conducted at 1:00 p.m. Central Time (2:00 p.m. Eastern Time) to discuss the quarterly results in detail. Investors and analysts interested in participating in this call are encouraged to call in 10 to 15 minutes ahead of the start time to ensure a smooth entry into the discussion.
Details for Participation
For those looking to join the conference call, the dial-in number is 800-836-8184, with an international dial-in option available at 646-357-8785. The call will also be accessible via a live audio webcast, which will be available on the investor relations section of Western Midstream's website.
About Western Midstream Partners
Western Midstream Partners, LP (NYSE: WES) is a master limited partnership focused on developing, acquiring, and managing midstream assets. The company operates across various locations in the United States, specifically engaged in activities such as gathering, compressing, treating, processing, and transporting natural gas. Additionally, they handle the gathering and transportation of natural gas liquids, condensate, and crude oil.
Operational Highlights
With a substantial network of midstream assets maintained across several states, Western Midstream's operations include not just transportation but also processing. This central role in the energy supply chain enables them to buy and sell natural gas, liquids, and various products effectively. WES has structured a considerable portion of its cash flows around fee-based contracts, minimizing exposure to fluctuations in commodity prices.
Contact Information
For inquiries regarding investor relations, individuals may reach out to Daniel Jenkins, Director of Investor Relations, or Rhianna Disch, Manager of Investor Relations. Both representatives are available for potential investor discussions and can provide further insights into the company's performance metrics.
Frequently Asked Questions
What is the distribution for Q3 2024 announced by WES?
The distribution declared for Q3 2024 is $0.8750 per unit, which annualizes to $3.50.
When will the earnings call for Q3 2024 take place?
The earnings call is scheduled for November 7, 2024, at 1:00 p.m. Central Time.
How can I participate in the earnings call?
To participate, dial 800-836-8184 or 646-357-8785 for international callers.
What kind of operations does Western Midstream conduct?
Western Midstream is involved in gathering, processing, and transporting natural gas and liquids.
Where can I find more information about Western Midstream?
More details and company updates can be accessed through their official website.
