Western Midstream Partners, LP ('WES') is a Delawaremaster 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, natural-gas liquids, and crude oil; and gathering and disposing of produced water for its customers. In its capacity as a natural-gas processor, WES also buys and sells natural gas, natural-gas liquids, and condensate on behalf of itself and as an agent for its customers under certain contracts.
Company profile
Ticker
WES
Exchange
Website
CEO
Michael P. Ure
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Western Gas Equity Partners, LP, WGR Holdings LLC
SEC CIK
Corporate docs
Subsidiaries
Western Midstream Operating, LP • Western Midstream Operating GP, LLC • Western Midstream Services, LLC • Western Midstream Services Holdings, LLC • Western Midstream Operating, LP • Anadarko DJ Gas Processing LLC • Anadarko DJ Oil Pipeline LLC • Anadarko Gathering Company LLC • Anadarko Mi Vida LLC • Anadarko Pecos Midstream LLC ...
IRS number
261075656
WES stock data
Analyst ratings and price targets
Latest filings (excl ownership)
S-3ASR
Automatic shelf registration
30 Mar 23
10-K/A
2022 FY
Annual report (amended)
23 Feb 23
10-K
2022 FY
Annual report
22 Feb 23
8-K
Western Midstream Announces Fourth-quarter and Full-year 2022 Results
22 Feb 23
10-Q
2022 Q3
Quarterly report
2 Nov 22
8-K
Western Midstream Announces
2 Nov 22
8-K
Departure of Directors or Certain Officers
5 Oct 22
8-K
Departure of Directors or Certain Officers
29 Aug 22
10-Q
2022 Q2
Quarterly report
3 Aug 22
8-K
Western Midstream Announces
3 Aug 22
Transcripts
WES
Earnings call transcript
2022 Q4
23 Feb 23
WES
Earnings call transcript
2022 Q3
3 Nov 22
WES
Earnings call transcript
2022 Q2
5 Aug 22
WES
Earnings call transcript
2022 Q1
11 May 22
WES
Earnings call transcript
2021 Q2
10 Aug 21
WES
Earnings call transcript
2021 Q1
12 May 21
WES
Earnings call transcript
2020 Q4
25 Feb 21
WES
Earnings call transcript
2020 Q3
10 Nov 20
Latest ownership filings
4
Catherine A. Green
15 Feb 23
4
Robert W. Bourne
15 Feb 23
4
Christopher B. Dial
15 Feb 23
4
Michael Ure
15 Feb 23
4
Catherine A. Green
14 Feb 23
4
Michael S. Forsyth
14 Feb 23
4
Daniel P. Holderman
14 Feb 23
4
Robert W. Bourne
14 Feb 23
4
Christopher B. Dial
14 Feb 23
4
Kristen S. Shults
14 Feb 23
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
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Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 54 |
| Opened positions | 11 |
| Closed positions | 6 |
| Increased positions | 13 |
| Reduced positions | 12 |
| 13F shares | Current |
|---|---|
| Total value | 1.24 tn |
| Total shares | 520.64 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Anadarko Petroleum | 251.20 mm | $6.03 bn |
| OXY Occidental Petroleum | 190.28 mm | $0.00 |
| Alps Advisors | 25.44 mm | $0.00 |
| Tortoise Capital Advisors, L.L.C. | 12.63 mm | $339.18 bn |
| GS Goldman Sachs | 9.27 mm | $248.92 bn |
| Neuberger Berman | 8.97 mm | $240.77 bn |
| Chickasaw Capital Management | 7.61 mm | $204.34 mm |
| JPM JPMorgan Chase & Co. | 4.59 mm | $123.00 bn |
| CIBC Private Wealth | 2.25 mm | $60.29 bn |
| WHG Westwood | 2.09 mm | $55.99 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 14 Feb 23 | Ure Michael | Common Units representing limited partner interests | Payment of exercise | Dispose F | No | No | 28.5 | 30,084 | 857.39 k | 292,051 |
| 14 Feb 23 | Ure Michael | Common Units representing limited partner interests | Option exercise | Acquire M | No | No | 0 | 76,452 | 0.00 | 322,135 |
| 14 Feb 23 | Ure Michael | Common Units representing limited partner interests | Payment of exercise | Dispose F | No | No | 28.5 | 27,634 | 787.57 k | 245,683 |
| 14 Feb 23 | Ure Michael | Common Units representing limited partner interests | Option exercise | Acquire M | No | No | 0 | 70,226 | 0.00 | 273,317 |
| 14 Feb 23 | Ure Michael | 2020 Performance Unit - ROA Common Units representing limited partner interests | Option exercise | Dispose M | No | No | 0 | 76,452 | 0.00 | 0 |
| 14 Feb 23 | Ure Michael | 2020 Performance Unit - TUR Common Units representing limited partner interests | Option exercise | Dispose M | No | No | 0 | 70,226 | 0.00 | 0 |
| 14 Feb 23 | Dial Christopher B. | Common Units representing limited partner interests | Payment of exercise | Dispose F | No | No | 28.5 | 6,017 | 171.48 k | 64,745 |
| 14 Feb 23 | Dial Christopher B. | Common Units representing limited partner interests | Option exercise | Acquire M | No | No | 0 | 15,290 | 0.00 | 70,762 |
| 14 Feb 23 | Dial Christopher B. | Common Units representing limited partner interests | Payment of exercise | Dispose F | No | No | 28.5 | 5,527 | 157.52 k | 55,472 |
| 14 Feb 23 | Dial Christopher B. | Common Units representing limited partner interests | Option exercise | Acquire M | No | No | 0 | 14,045 | 0.00 | 60,999 |
News
Overview Of Value Stocks In The Energy Sector
9 Mar 23
Citigroup Maintains Buy on Western Midstream, Lowers Price Target to $32
27 Feb 23
Western Midstream Q4 EPS $0.85 Beats $0.73 Estimate, Sales $779.44M Miss $839.52M Estimate
22 Feb 23
Earnings Scheduled For February 22, 2023
22 Feb 23
Earnings Preview: Western Midstream
21 Feb 23
Press releases
Western Midstream Partners, LP Announces Pricing of Notes Offering
30 Mar 23
Western Midstream Announces Fourth-Quarter Post-Earnings Interview With Chief Financial Officer, Kristen Shults and Participation in Morgan Stanley, Barclays, and Mizuho Conferences
27 Feb 23
Western Midstream Announces Fourth-Quarter and Full-Year 2022 Results
22 Feb 23
Western Midstream Announces Fourth-Quarter 2022 Distribution and Earnings Conference Call
20 Jan 23