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Western Midstream Partners, Lp (WES)
:WES
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.86Last Year’s EPS
0.74Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 5.63%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive operational achievements and financial stability, alongside challenges in EBITDA and throughput growth. While the company demonstrated strong debt management and market reception, the decrease in adjusted EBITDA and moderated growth outlook for 2025 indicate areas of concern.Company Guidance
During Western Midstream Partners' third-quarter 2024 earnings call, CEO Oscar Brown highlighted several key metrics and guidance for the company. The company reported a sequential increase in natural gas throughput by 1% and a 2% decline in total crude oil and NGL throughput. Adjusted EBITDA for the quarter was $567 million, with a net income attributable to limited partners of $282 million. The company expects its adjusted EBITDA to increase in the fourth quarter due to higher throughput, primarily from the Delaware Basin, despite a decrease in natural gas liquids volume and lower commodity pricing in Q3. The firm issued $800 million in senior notes to retire debt maturing in 2025 and emphasized its commitment to maintaining a net leverage ratio of 3x. Looking ahead, Western Midstream expects to be at the high end of its 2024 adjusted EBITDA guidance range of $2.2 billion to $2.4 billion and plans to allocate capital towards organic growth and potential M&A opportunities.Strong Operational Performance
Achieved operability above 98% despite elevated plant turnaround activity. Notably, experienced seventh consecutive quarter of record natural gas throughput in the Delaware Basin.
Debt Management and Financial Stability
Issued $800 million of new senior notes, with proceeds used to retire maturing debt, achieving a trailing 12-month net leverage ratio comfortably at the year-end 2024 threshold of 3x.
Positive Market Reception
Senior notes issuance was more than 4x oversubscribed, achieving the best 10-year credit spread in WES' history at 155 basis points above the 10-year treasury rate.
Sustainability and Corporate Governance
Published the 2023 Sustainability Report, highlighting continued commitment to sustainable practices.
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WES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WES Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $38.53 | $37.30 | -3.19% |
| Aug 07, 2024 | $38.16 | $38.59 | +1.13% |
| May 08, 2024 | $33.94 | $34.84 | +2.65% |
| Feb 21, 2024 | $28.15 | $31.34 | +11.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Western Midstream Partners, Lp (WES) report earnings?
Western Midstream Partners, Lp (WES) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Western Midstream Partners, Lp (WES) earnings time?
Western Midstream Partners, Lp (WES) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WES EPS forecast?
WES EPS forecast for the fiscal quarter 2024 (Q4) is 0.86.
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