HOUSTON, Oct. 17,
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 $0.8750 per unit for the third quarter of 2024,
or $3.50 on an annualized basis,
which is in-line with the prior quarter's Base Distribution. WES's
third-quarter 2024 Base Distribution is payable on November 14, 2024, to unitholders of record at
the close of business on November 1,
2024.
The Partnership plans to report its third-quarter 2024 results
after market close on Wednesday, November 6,
2024. Management will host a conference call on Thursday, November 7, 2024, at 1:00 p.m. Central (2:00
p.m. Eastern) 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.
Third-Quarter 2024
Results
Thursday, November 7,
2024
1:00 p.m.
Central (2:00 p.m.
Eastern)
Dial-in number:
800-836-8184
International dial-in number:
646-357-8785
To participate in WES's scheduled third-quarter 2024 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 master limited
partnership formed to develop, acquire, own, and operate midstream
assets. With midstream assets located in Texas, New
Mexico, Colorado,
Utah, and Wyoming, 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 its customers under
certain gas processing contracts. A substantial majority of WES's
cash flows are protected from direct exposure to commodity price
volatility through fee-based contracts.
For more information about WES, 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 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