Western Midstream Announces First-Quarter 2023 Distribution, 2022 Enhanced Distribution, and First-Quarter 2023 Earnings Conference Call
20 Avril 2023 - 1:00PM
Business Wire
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 $0.856 per unit
for the first quarter of 2023. This distribution includes the
Partnership’s quarterly Base Distribution of $0.500 per unit, which
is consistent with the Partnership’s previously disclosed
annualized Base Distribution target of $2.00 per unit, as well as
an Enhanced Distribution of $0.356 per unit, which pertains to the
Partnership’s 2022 financial performance. The distribution is
payable on May 15, 2023, to unitholders of record at the close of
business on May 1, 2023.
The Partnership plans to report its first-quarter results after
market close on Wednesday, May 3, 2023. Management will host a
conference call on Thursday, May 4, 2023, at 1 p.m. CDT (2 p.m.
EDT) to discuss the Partnership’s quarterly results. Participants
are encouraged to dial into the conference call ten to fifteen
minutes before the scheduled start time to avoid any delays
entering the call. The full text of the release announcing the
results will be available on the Partnership’s website at
www.westernmidstream.com.
First-Quarter 2023 Results Thursday,
May 4, 2023 1 p.m. CDT (2 p.m. EDT) Dial-in number:
888-770-7129 International dial-in number: 929-203-2109
Participant access code: 2187921
To participate in WES’s scheduled first-quarter 2023 earnings
call, refer to the above-listed dial-in number and participant
access code. To access the live audio webcast of the conference
call, please visit the investor relations section of the
Partnership’s website at www.westernmidstream.com. A replay of the
conference call also will be available on the website following the
call.
ABOUT WESTERN MIDSTREAM
Western Midstream Partners, LP (“WES”) is a Delaware master
limited partnership formed to acquire, own, develop, and operate
midstream assets. With midstream assets located in the Rocky
Mountains, North-central Pennsylvania, Texas, and New Mexico, WES
is engaged in the business of gathering, compressing, treating,
processing, and transporting natural gas; gathering, stabilizing,
and transporting condensate, NGLs, and crude oil; and gathering and
disposing of produced water for its customers. In addition, in its
capacity as a processor of natural gas, WES also buys and sells
natural gas, NGLs, and condensate on behalf of itself and as an
agent for its customers under certain of its contracts.
For more information about Western Midstream Partners, LP and
Western Midstream Flash Feed updates, please visit
www.westernmidstream.com.
This news release contains forward-looking statements. WES and
its general partner believe that their expectations are based on
reasonable assumptions. No assurance, however, can be given that
such expectations will prove to have been correct. A number of
factors could cause actual results to differ materially from the
projections, anticipated results or other expectations expressed in
this news release. These factors include our ability to meet
distribution expectations and financial guidance; our ability to
safely and efficiently operate WES’s assets; the supply of, demand
for, and price of oil, natural gas, NGLs, and related products or
services; our ability to meet projected in-service dates for
capital-growth projects; construction costs or capital expenditures
exceeding estimated or budgeted costs or expenditures; and the
other factors described in the “Risk Factors” section of WES’s
most-recent Form 10-K and Form 10-Q filed with the Securities and
Exchange Commission and other public filings and press releases.
WES undertakes no obligation to publicly update or revise any
forward-looking statements.
Note regarding Non-United States Investors: This release is
intended to be a qualified notice under Treasury Regulation
Sections 1.1446-4(b) and 1.1446(f)-4. Brokers and nominees should
treat one hundred percent (100.0%) of Western Midstream Partners,
LP’s distributions to non-U.S. investors as being attributable to
income that is effectively connected with a United States trade or
business. Accordingly, Western Midstream Partners, LP’s
distributions to non-U.S. investors are subject to federal income
tax withholding at the highest applicable effective tax rate.
Furthermore, one hundred percent (100.0%) of Western Midstream
Partners, LP’s distributions to non-U.S. investors is in excess of
cumulative net income for purposes of Treasury Regulation Section
1.1446(f)-4(c)(iii). Brokers and nominees are treated as
withholding agents responsible for withholding on distributions
received by them on behalf of non-U.S. investors. The CUSIP number
of Western Midstream Partners, LP’s common units is 958669 103.
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version on businesswire.com: https://www.businesswire.com/news/home/20230420005087/en/
Daniel Jenkins Director, Investor Relations
Daniel.Jenkins@westernmidstream.com 832.636.1009
Western Midstream Partners (NYSE:WES)
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