HOUSTON, Jan. 22, 2024 /PRNewswire/ -- 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 ("Base Distribution") of
$0.5750 per unit for the fourth
quarter of 2023, or $2.30 on an
annualized basis, which is in line with the prior quarters'
distribution. WES's fourth-quarter 2023 Base Distribution is
payable on February 13, 2024, to
unitholders of record at the close of business on February 1, 2024.
The Partnership plans to report its fourth-quarter 2023 results
after market close on Wednesday, February
21, 2024. Management will host a conference call on
Thursday, February 22, 2024, at
1:00 p.m. CST (2:00 p.m. EST) 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.
Fourth-Quarter 2023
Results
Thursday, February 22,
2024
1:00 p.m. CST
(2:00 p.m. EST)
Dial-in
number: 888-390-0546
International dial-in number:
617-892-4906
To participate in WES's scheduled fourth-quarter 2023 earnings
call, please refer to the above-listed dial-in information. 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 will also 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 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.
WESTERN MIDSTREAM CONTACTS
Daniel Jenkins
Director, Investor
Relations
Investors@westernmidstream.com
866-512-3523
Rhianna Disch
Manager, Investor Relations
Investors@westernmidstream.com
866-512-3523
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SOURCE Western Midstream Partners, LP
